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March 28, 2024
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BAY AREA NEWS
Archive
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• Shorenstein Receives LEED Gold for Oakland City Center Building
12/03/09
555 12th Street in Oakland City Center is the first building in the Shorenstein Properties’ commercial real estate portfolio to be LEED Gold certified through the U.S. Green Building Council's Existing Building Operations and...
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• NoCal Retail Briefs
12/02/09
SAN JOSE (Santa Clara County) -- Zanotto’s leased the former 20k sf PW Market site situated within the Foxworthy Shopping Center at 1425 Foxworthy Ave. Zanotto’s is scheduled to open its new store March 2010 and will serve as...
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• Activity Update from Oakland City Center
11/24/09
TranSystems Corporation, a transportation consulting services provider, is the newest tenant at Oakland City Center, the large mixed-use business campus that encompasses more than 1.5 msf of office space along with 18 restaur...
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• Matthew Brasler and Kareem Barzegar Join Grubb & Ellis
11/19/09
Matthew Brasler and Kareem Barzegar, CCIM, have joined Grubb & Ellis’ Office Group as Associate Vice President and Senior Associate, respectively. A 10-year industry veteran, Brasler specializes in the leasing and investme...
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• Shorenstein Heads to Main Street to Locate Retail Leasing Team for Oakland City Center
11/18/09
Main Street Property Services Inc has taken over leasing activities for Oakland City Center's mix of dining and retail space. The assignment, which took effect as of November 1, 2009, will be led by Craig Semmelmeyer, Princip...
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• Bed Bath & Beyond Leases Two New NoCal Locations
11/17/09
Bed Bath & Beyond (BBBY) recently inked leases for two new NoCal locations totaling over 63k sf in the Bay Area. BBBY will serve as anchor tenant at both locations, Gateway Plaza and The Great Mall. The big retailer was repre...
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• San Francisco Apartment Market Still on the Decline
11/16/09
Apartment rents in San Francisco are expected to continue to slide this year, as the market struggles with the ongoing economic contraction. Unemployment has reached its highest level in more than two decades, dragging on apa...
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• Sunnyvale Multifamily Property Fetches $44 Mil
11/13/09
Acacia Capital Corp closed on a large Silicon Valley apartment buy, paying $43.8 mil for Avalon at Parkside, a 192-unit ($228.1k/unit) multifamily community in Sunnyvale. Built in 1991, Avalon at Parkside contains 204.6k sf o...
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• Silicon Valley R&D Building Sells for Near $5 Mil
11/12/09
A vacant 44.3k sf R&D building situated on three acres in Sunnyvale recently traded hands at a price of $4.63 mil ($105/sf). The buyer was GSI Technology Inc, which was founded in 1995 in San Jose and provides telecom and net...
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• Santa Clara Res Project Recognized for Workforce Housing Excellence
11/11/09
The Urban Land Institute’s (ULI) Terwilliger Center for Workforce Housing has named Casa del Maestro in Santa Clara as a recipient of the 2009 Jack Kemp Workforce Housing Models of Excellence Award. The award, which is named ...
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• Fremont R&D Facility Hits the Market
11/10/09
A 141k sf R&D property in Fremont just came on the market with an asking price of $8.485 mil, or about $59/sf. Located at 48603-48633 Warm Springs Blvd, north of Scott Creek Rd and midway between I-880 and I-680, the property...
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• With Sublet Space on the Rise, San Francisco Office Outlook Still Gloomy
11/04/09
With new construction activity remaining flat in San Francisco, the increase in office space availability is due to the dramatic spike in sublease opportunities, according to the San Francisco Studley Report, Studley’s analys...
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• Solyndra Leases 500k sf Former HP Facility in Fremont
11/03/09
In a major Bay Area industrial lease, Solyndra, a Fremont-based designer and manufacturer of photovoltaic systems, agreed to long-term deal for a 506.5k sf former Hewlett Packard facility in Fremont now owned by Overton Moore...
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• East Bay Industrial Market Remains One of Healthiest in the Country
10/30/09
Here’s a brief overview of the East Bay industrial market as of the end of the third of 2009, per the latest data from Grubb & Ellis Company. • The industrial vacancy rate increased to 3.6 percent during the third quarter, u...
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•  Investors Spend on NoCal Apartment Communities
10/28/09
An unnamed private investor acquired Park West Townhouses, a 71-unit townhouse community in Petaluma. Completed in 1972, Park West Townhouses is a well-located, garden-style complex featuring 65 two-bedroom/one-bath townhouse...
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• Construction Gets Underway at Res Community in Novato
10/27/09
Barker Pacific Group (BPG), the developer of the 450k sf Hamilton Landing office park at the former Hamilton Air Force Base in Novato, has begun construction on a new 27 single-family home community at Hamilton. The Landing ...
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• Investors Snag Bay Area Multifamily Properties
10/23/09
In recent Bay Area multifamily investment activity, a 5-unit property located at 7 Seville Way in San Mateo traded hands for $1.695 mil ($339k/unit). The property consists of four one-bed/one-bath units and one three-bed/two-...
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• Old Republic Renews Its 40k sf Space in San Ramon
10/22/09
Old Republic Home Protection signed a renewal lease for 40k sf of space at 2 Annabel Lane in Bishop Ranch in San Ramon. Old Republic has been a tenant with the property owner, Sunset Development Company, for more than 20 yea...
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• Hodgdon-Miank Completes TI Work on 164k sf at Mountain View Industrial Center
10/21/09
Tenant improvements worth $1.2 mil have been completed for Stater Bros, Brands on Sale and two other buildings at Mountain View Industrial Center in Redlands, a freeway-visible development owned by RREEF and PGP Partners Inc ...
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•  Bay Area Apartment Property Sells for $34 Mil
10/20/09
Waterstone Millbrae, a 136-unit, 114.4k sf multifamily property in the Bay Area community of Millbrae, about 15 miles south of San Francisco, traded hands in a $33.8k ($248.4k/unit) transaction. Located at 509 Poplar Ave, the...
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