Blake Griggs Properties

What Blake Griggs Properties does

Blake Griggs Properties is a private commercial real estate investment, development, and services company headquartered in Danville, California. It specializes in multifamily residential, mixed-use, and retail projects in California infill markets, with typical project investment sizes of $50-350 million spanning 100-600 residential units and 50,000-300,000 square feet of retail. The firm was co-founded by Bradley N. Blake and Brad Griggs, whose combined track record is $4.8 billion in prior development and $2.3 billion in prior acquisitions; the current pipeline exceeds $700 million across 1,250+ units and 170,000+ square feet of retail under development or operating. The firm has no proprietary technology platform and end-to-end capabilities cover site acquisition, entitlements, capital sourcing, due diligence, construction management, retail leasing, and asset management performed by a core team of roughly seven leaders (broader headcount in the 11-50 range).

The business runs through three integrated entities: core development (Blake Griggs Properties), an advisory and construction management arm (BGP Advisors), and an affiliated attainable-housing acquisition platform (Opportunity Housing Group, co-founded by Brad Griggs in 2020 using Essential Housing Bonds financing). Revenue is generated from development fees, asset management fees, construction management fees, advisory consulting fees, and principal co-investment gains realized alongside institutional joint venture partners. Pricing is project-specific and not publicly disclosed.

The customer base is institutional: equity partners include Mitsui Fudosan America, LaSalle Property Fund, PCCP, Gemdale Properties and Investment, Northwestern Mutual, JD Capital Partners, and UBS; lenders include Wells Fargo, Sumitomo Mitsui Trust Bank; and municipal partners include BART, the City of Fremont, Foster City, and Walnut Creek. Capital sourcing has been recently broadened to family offices, RIAs, and high-net-worth investors through a dedicated Managing Director of Capital Formation.

Name

Blake Griggs Properties

Legal name

Blake Griggs Properties, LLC

Website

https://blakegriggs.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Blake Griggs Properties is a private Danville, California-based commercial real estate developer of multifamily, mixed-use, and retail projects in California infill markets, co-investing with institutional capital partners, and operating an advisory subsidiary (BGP Advisors) and an attainable-housing affiliate (Opportunity Housing Group).

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (5312), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Engineering, Accounting, Research, Management (8700), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Commercial real estate development
• Mixed-use development
• Multifamily housing development
• Transit-oriented development
• Real estate investment services

Headquarters

HQ city

Danville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Real Estate Development: The company develops, acquires, leases, and manages residential, mixed-use, and retail projects. Revenue is generated through development fees, asset management, and returns from completed projects.
2. Construction Management Services: Through BGP Advisors, the company provides construction management services including project planning, feasibility studies, budgeting, scheduling, contractor selection, and construction administration for commercial real estate assets.
3. Advisory and Consulting Services: BGP Advisors provides consulting services to commercial real estate owners, investors and operators in areas including investment strategy, underwriting, optimizing operations, capital stack evaluation, and workouts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Blake | Griggs Properties is a private commercial real estate investment, development, and services company based in Danville, California. It develops, acquires, leases, and manages multifamily residential, mixed-use, and retail projects — typically $50-350 million in size with 100-600 residential units and 50,000-300,000 SF of retail — primarily in California infill markets, handling investments, entitlements, capital sourcing, due diligence, construction management, retail leasing, and asset management. Adjacent offerings include BGP Advisors advisory and consulting services and BGP Advisors Construction Management services, alongside the affiliated Opportunity Housing Group platform for attainable housing conversion.

Product overview

Blake Griggs Properties operates as a private commercial real estate investment, development and services company offering three integrated service lines: core development of multi-family, mixed-use, and retail projects; BGP Advisors for strategic consulting; and BGP Advisors Construction Management for full-cycle construction oversight. The company's current development portfolio spans multiple California markets, including transit-oriented projects (Walnut Creek Transit Village, Vaya), retail centers (Pacific Pearl, Foster Square), and residential developments (The Blake, 701 S. Myrtle Ave, 40 Airport Boulevard, 85 Cleaveland, Danville Residences, One Alamo). Projects range from $50-350 million in typical investment size with 100-600 residential units and 50,000-300,000 SF of retail.

Differentiator

Problem solved

Functional benefit

Brands

• BGP Advisors: Advisory and consulting services for commercial real estate owners and investors, providing construction management and investment strategy services.

Products and services

• Blake Griggs Properties Core Development End-to-end real estate investment, development, and services for multifamily residential, mixed-use, and retail projects in California infill markets. Handles seeking investments, obtaining entitlements, sourcing capital, due diligence, construction management, retail leasing, and asset management for projects typically sized $50-350 million, with 100-600 residential units and 50,000-300,000 SF of retail. Served to institutional investors, family offices, and JV partners.
• BGP Advisors Advisory and Consulting Services Advisory and consulting services for commercial real estate owners, investors, and operators covering investment strategy, underwriting, operations optimization, capital stack evaluation, and workouts. Clients include Brookfield Properties, Carmel Partners, Anton Development, and others.
• BGP Advisors Construction Management Full-cycle construction management services spanning pre-development, budgeting, scheduling, procurement, construction administration, and litigation support for commercial real estate assets. Targeted at commercial real estate owners, investors, and operators needing construction oversight.
• Walnut Creek Transit Village Two-phase mixed-use transit-oriented development adjacent to Walnut Creek BART station comprising 596 apartments and 26,000 SF retail on 7.9 acres; Phase I (The Waymark) has 358 units and Phase II has 238 units. Joint venture with Transit Village Associates; equity partner Mitsui Fudosan America on $380 million project.
• Vaya (Walnut Creek Apartments) 178-unit apartment complex adjacent to Walnut Creek BART station at 1800 Lacassie Ave, developed for Northwestern Mutual. Features rooftop deck, yoga studio, pool, and spa. Investor: Northwestern Mutual / LaSalle Property Fund.
• Pacific Pearl (Pleasanton Retail Center) 112,000 SF retail center in Pleasanton, CA anchored by 99 Ranch Market, 85 Degree Bakery, and KW Dim Sum Restaurant; sold to Tourmaline Capital in 2023 for $48.2 million. Investors: UBS and Wells Fargo.
• Foster Square (Foster City Mixed-Use) Mixed-use neighborhood in Foster City, CA with 28,182 SF retail, featuring housing for seniors, neighborhood retail, and community services. Investor: PCCP, LLC. Public-private partnership with the City of Foster City on formerly vacant City-owned land.
• The Blake (Berkeley Apartments) 84-unit apartment building in Berkeley, CA with 1,350 SF ground-floor retail; co-developed with Gemdale Properties and Investment (Chinese-affiliated partner). Features rooftop solar panels.
• 701 S. Myrtle Ave (Monrovia Multifamily) 204-unit entitled transit-oriented multifamily project in Monrovia, CA. Architect: AO Architects.
• 40 Airport Boulevard (South San Francisco) 291-unit apartment development in South San Francisco, CA.
• 85 Cleaveland (Pleasant Hill Apartments) 210-unit apartment complex in Pleasant Hill, CA, approved as the city's second-tallest building. Includes a mix of one- and two-bedroom units with underground parking, fitness center, pool, and roof deck.
• Danville Residences 200-unit multifamily project in Danville, CA with 29,250 SF retail. Architect: LPAS. Currently in entitlements phase.
• One Alamo (Alamo Condominiums) 60-unit for-sale condominium project in Alamo, CA. Architect: Dahlin.
• Walnut Creek Transit Village Parking Garage Private parking garage with 914 parking stalls at the Walnut Creek Transit Village development.

Quantifiable outcome

• Projects range from 100-600 residential units and 50,000-300,000 square feet of retail with typical investment size of $50-350 million
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Transit Village Associates LLCcoreStrategic or Co-development PartnerJoint venture partner with Blake Griggs Properties for Walnut Creek Transit Village project. Transit Village Associates was the original developer of the Walnut Creek Transit Village, with the current partnership (Walnut Creek Transit Lifestyle Associates) overseeing the project. Managing Partner Frank Arthur has over 30 years of commercial real estate experience.
• Gemdale Properties and InvestmentcoreStrategic or Co-development PartnerCo-developer with Blake Griggs Properties on The Blake project in Berkeley, CA. Gemdale is an affiliate of China's Gemdale Corp., one of the largest real estate companies in China, with U.S. headquarters operations.
• Opportunity Housing GroupcoreStrategic or Co-development PartnerAffiliate company co-founded by Brad Griggs in 2020 to acquire moderate income workforce housing using Essential Housing Bonds financing. BGP is also seeking multifamily acquisitions through this platform for conversion to attainable housing in multiple states.
• BART (Bay Area Rapid Transit District)coreStrategic or Co-development PartnerPublic agency partner for Walnut Creek Transit Village, providing former surface parking lot land for development. BART is seeking to encourage 20,000 homes and 4.5 million square feet of commercial space on its land by 2040.
• Foster CitymajorOthersCity of Foster City partnership for Foster Square mixed-use development on formerly vacant City-owned land. The project includes housing for seniors, affordable rental apartments, and neighborhood retail.
• Brookfield PropertiesminorOthersCurrent client of BGP Advisors consulting services.
• Carmel PartnersminorOthersCurrent client of BGP Advisors consulting services.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• UDR Inc. Publicly traded multifamily REIT with West Coast development and acquisition activity in supply-constrained markets. Comparable in product type and California market focus, though structured as a long-term owner rather than a developer-sponsor.
• Brookfield Properties: Global real estate operator with significant multifamily, mixed-use, and retail exposure in California. Comparable on product and market, and is a current consulting client of BGP Advisors, indicating direct commercial overlap.
• Trammell Crow Company: One of the largest commercial real estate developers in the U.S., with a substantial multifamily and mixed-use practice including West Coast infill projects. Comparable product and development model at meaningfully greater scale and geographic breadth.
• AvalonBay Communities: Large publicly traded multifamily REIT with a development pipeline concentrated in coastal supply-constrained markets including Northern California. Comparable in product type and market focus, at significantly larger scale.
• Related California: Affordable and mixed-income housing arm of The Related Companies, active across California with multifamily and mixed-use developments. Comparable on product type and target market, with a much broader national platform and significantly larger scale.
• Essex Property Trust: Publicly traded multifamily REIT focused on West Coast apartment ownership and development. Overlaps with BGP on California infill multifamily supply-constrained markets, though Essex is primarily a long-term owner/operator rather than a developer/seller.
• Related Companies: Large national developer of mixed-use, multifamily, and affordable housing with California infill exposure. Comparable on product mix and institutional capital model, with a much broader geographic and product footprint than BGP.

Direct peers

• SummerHill Housing Group: Bay Area-based residential developer specializing in multifamily, mixed-use, and transit-oriented communities in infill California locations. Closely comparable to BGP on geography, product mix, and TOD strategy.
• Carmel Partners: San Francisco-based multifamily real estate investment firm focused on institutional-quality rental housing in West Coast and other supply-constrained U.S. markets. Comparable to BGP in target geography, product type (multifamily and mixed-use), and institutional LP base, and is a current BGP Advisors consulting client.

Emerging players

• MidPen Housing: Bay Area nonprofit developer of affordable and workforce multifamily housing. Comparable in California infill multifamily focus, and aligns with BGP's Opportunity Housing Group attainable-housing strategy via similar funding mechanisms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/blake-griggs-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blake Griggs Properties