Representative Completed Projects
Creative Office · Los Angeles, CA
Creative Office Conversion
Los Angeles, California · Adaptive Reuse
Bob partnered with a developer to convert a 151,000 sq ft vacant industrial facility into Class-A creative office space. Building A was sold to the Fashion Institute of Design; Building B was leased to Foote, Cone & Belding Worldwide on a 15-year lease.
Master Planned Community · Reno, NV
Somersett
Reno, Nevada · Co-Founder & Board Member — Bob Allen
Somersett is a master planned community spanning over 3,000 acres and now containing 3,700 homes. $395 million was spent to create the infrastructure and amenities for what stands as one of the finest communities in Northern Nevada. The award-winning community includes 18 holes of private golf, a nine-hole HOA golf course, two 25,000 sq ft community clubhouses, 1,200 acres of open space, and 27 miles of trails.
Industrial · Fontana, CA
Fontana Business Park
Fontana, California · Ground-Up Industrial
Bob provided capital to Newcastle Partners who built this 100,000 sq ft ground-up industrial development in Fontana, California.
Land Acquisition · Reno, NV
Cabernet Highlands
North Reno, Nevada · Land Development
Bob provided the capital to acquire 330 lots in North Reno, Nevada and ultimate sale to a national homebuilder.
Luxury Condominium · Los Altos, CA
Chartwell
Los Altos, California · Luxury Condominiums
Chartwell is a luxury 27 home condominium project located in the heart of Downtown Los Altos. Bob assembled the land parcels, led the design team, obtained all entitlements and oversaw construction of the project. It won the Gold Nugget Award for new construction.
Biotech / Office · South San Francisco, CA
South San Francisco Biotech HQ
South San Francisco, California · Build-to-Suit
Bob provided equity to acquire a vacant warehouse in South San Francisco, re-entitling the site for biotechnology research and developing a new corporate HQ. The Partnership negotiated a 15-year build-to-suit lease with a publicly traded biotechnology company.
Industrial · Chino Hills, CA
Chino Hills Distribution Facility
Chino Hills, California · Award-Winning Industrial
Bob provided the capital for this 5-acre site in Chino Hills, immediately adjacent to the Chino Valley Freeway 71. A local partner entitled and developed a 100,000 sq ft distribution facility that has won numerous awards.
Industrial · Inland Empire, CA
I-215 Industrial Warehouse
Inland Empire, California · Industrial Development
Bob provided the capital for this 9-acre site with I-215 interstate frontage. The 150,000 sq ft warehouse was completed in 2018, leased to a consumer products company on a long-term lease, then sold to an institutional investor.
Office · Reno, NV
1 East Liberty
Reno, Nevada · Value-Add Office Repositioning
Bob provided the capital to S3 Development, a prominent local developer, to take advantage of a unique opportunity to acquire and reposition an iconic Reno property. The acquisition of the 96,000 sq ft U.S. Bank building concluded with a sale to an institutional buyer.
Office · Redwood City, CA
Kaiser Permanente HQ
Redwood City, California · Ground-Up Office
Bob provided the capital to a local developer for the ground-up construction of this 50,000 square foot office building in Redwood City — 100% leased to Kaiser Permanente.
Historic Office · San Francisco, CA
Townsend Building
San Francisco, California · Historic Adaptive Reuse
Bob provided equity capital for this project. Originally constructed in 1903 as a warehouse, this registered historic landmark building across from Oracle Park was meticulously restored and transformed into state-of-the-art office space. Fully leased to E-Trade and later sold to an institutional buyer.
Office · Corona, CA
Corona Gateway
Corona, California · Value-Add Office
Bob provided the capital to Newcastle Partners to acquire Corona Gateway, a 75,000 square foot office building. The building enjoys two-sided billboard income prominently visible from the 91 Freeway. Purchased off market, occupancy was raised from 19% to over 92% with a full upgrade of all common areas, creating substantial value.
