Dewey Land Company and MBC BioLabs are advancing a new state-of-the-art life science project at 1030 Brittan Avenue. Acquired in early 2022 and opened in the Summer of 2025, the roughly 150,000 square-foot research and development facility has substantial lab space, two-levels of parking, and tenant-focused outdoor amenities. Located near transit and local amenities, this development strengthens MBC BioLabs' offering in San Carlos.

A strategic collaboration with MBC BioLabs resulted in the acquisition and redevelopment of the 135 Mississippi Street site in San Francisco. Fully entitled and constructed within 24 months, the facility opened in summer 2023 and quickly reached full occupancy despite challenging market conditions. In late 2024, the project was successfully refinanced with long-term, fixed-rate, fully amortizing debt, reflecting strong performance and ongoing demand for the MBC platform.

Developed in partnership with MBC BioLabs as part of their expansion strategy in San Carlos, this project transformed an underutilized site into a modern, 28,000 square-foot life science incubator. Entitlements were secured early, and construction was completed in 18 months, opening in the Summer of 2020. The facility achieved rapid lease-up to a diverse mix of life science tenants despite the pandemic fears. The asset was refinanced with long-term fixed-rate debt upon stabilization in Q3 2020.

250 California Drive exemplifies thoughtful, transit-oriented development in downtown Burlingame. This four-story, 44,000+ square-foot building includes high-quality office space, reinforcing downtown activity while honoring the area’s architectural heritage. Completed in 2023 and strategically adjacent to Caltrain, it supports sustainable commuting and contributes to the district’s revitalization, featuring an innovative automated parking system that accommodates over 100 cars in a below grade system.

The subject property was acquired off-market as part of a strategic push to acquire assets in downtown Burlingame close to Caltrain. After closing, we successfully received entitlements for a 4-story, 16,000 square foot office building, with retail on the ground floor along with an automated parking puzzle lift system for 14 cars. Prior to commencing construction, the top two floors were leased, while the second floor was leased during construction. Upon completion of construction, the project was refinanced with long term, fixed rate, fully amortizing debt.

We acquired the site off-market with the intent to redevelop the property into office. After close, we entitled the site for 4-stories of Class “A” office / medical office and 3 levels of underground parking for 130 vehicles. The site was contaminated with multiple underground storage tanks that were removed as part of the excavation for the underground parking garage; we successfully received County closure letters prior to completion of construction. The building was completely leased to Stanford Health Care on a long-term basis during construction, and upon its completion, the construction loan was replaced with long term, fixed rate, fully amortizing debt.

We identified several specific downtown submarkets we felt were undervalued, and as a result, acquired 1450 Chapin Ave when it came to the market in one of those submarkets. Prior to close during our due diligence period, we completed construction documents for the complete rehabilitation of the property. Once closed, we began speculative construction, which included all new roof, electrical, elevator, HVAC, plumbing, and structural upgrade. During construction, we leased the entire building to two tenants. Within 15 months after close, we refinanced the construction debt for long term, fixed rate debt.

We acquired Serramonte Corporate Center as a distressed project in a historically low supply sub-market located adjacent to Interstate 280 in Daly City, CA. The project was only partially constructed and we arranged for acquisition equity and debt financing to re-start construction. DLC managed the completion of the 10-story project built into a hillside. We successfully negotiated a 15-year lease with Kaiser Permanente for the entire project.