SAN JOSE, Calif.—CBG Building Company achieved The Pierce's Temporary Certificate of Occupancy (TCO) today following successful turnover of half the community's units alongside the club room, indoor amphitheater, leasing office, and rooftop deck to owner Sares Regis. The Pierce will achieve its Certificate of Occupancy (CO) in December after turnover of the remaining 116 units and amenity spaces, which include a pool, fitness room, and self-service bike repair shop.

"CBG was vital to delivering this project to meet our high standard of quality," said Jeff Smith, senior vice president with Sares Regis Group. "We are proud to deliver this luxury community to downtown San Jose."

Featuring five floors of studio, one-, and two-bedroom apartments, The Pierce will include 4,300 square feet of ground floor retail and a two-level parking garage. The LEED® Silver mixed-use community is located within walking distance of multiple museums, restaurants, and nightlife options in San Jose's burgeoning downtown arts scene.

"The Pierce is a strong addition to downtown's South of First neighborhood," said Michael Holk, senior vice president at CBG. "Together with Sares Regis, we have successfully contributed needed retail, parking, and living options to the southern edge of San Jose."

In addition to The Pierce, CBG's recent California portfolio includes Radius Apartments, a 264-unit luxury apartment community in Redwood City, completed in August 2014; and The Pearl on Wilshire, a 346-unit mixed-use community in Los Angeles, scheduled for completion in April 2018.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.

About Sares Regis Group of Northern California

Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, California. As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and over 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. For more information, visit www.srgnc.com.