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• August 21, 2003 - Get Ritchie Quick Scheme
8/21/03
The Oakland office of San Jose-based Ritchie Commercial completed three East Bay sales transactions totaling $6.7 mil and a fourth deal for an undisclosed price.
Bill Welte brokered the sale of two Oakland properties, 1940 W...
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• August 20, 2003 - Biotech Firm Buys Foster City Campus
8/20/03
Shoring up the San Francisco Peninsula's reputation as the hub of the nation's biotech industry, Gilead Sciences Inc finalized an agreement to purchase its Foster City campus from a subsidiary of Equity Office Properties Trus...
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• August 19, 2003 - Trade Show Operator Trades LA for SF
8/19/03
With local firms continuing to downsize or close, San Francisco got a bit of good news recently with the decision by MediaLive International Inc to relocate its corporate headquarters to the city from Los Angeles. It will als...
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• August 18, 2003 - Adept Maneuvers
8/18/03
In exchange for a convertible note, Adept Technology Inc reached an agreement with the landlord of its Livermore campus for a 29% reduction in rent on one building and a release from rental obligations on two other buildings....
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• August 15, 2003 - A.F. Evans Renting Housewives in Oakland
8/15/03
Following up on a big apartment sale we first reported a couple of weeks ago, San Francisco's A.F. Evans Development Co sold the 450-unit Estancia Apartments in Santa Clara to Englewood, Colo.-based Archstone-Smith, one of t...
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• August 14, 2003 - Superior Project
8/14/03
A joint venture between Superior Real Estate Inc and Los Banos Mutual Family Farms Ltd has taken an option to purchase 775 acres at I-5 and Rte 152 near Los Banos for $1.5 mil. The latter of the joint venture partners is also...
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• August 13, 2003 - Swank San Francisco Hotel Sells at a Loss
8/13/03
Just how bad is San Francisco's premium hotel market? Pretty bad, it seems, judging from the recently completed sale of a luxury property near Union Square for less than half the price the overseas owner paid to acquire it mo...
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• August 12, 2003 - Environmental Planning
8/12/03
In yet another example of businesses taking advantage of the depressed market to acquire property for their own use, RGA Environmental Inc bought a 9.1k sf office building at 1466 66th St in Emeryville for $1.7 mil. The envir...
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• The Irvine Company Comes to New Arrangement with Cisco in Milpitas
8/11/03
San Jose-based Cisco Systems Inc, which has described itself as the backbone of the Internet, paid an undisclosed sum to buy out its lease for nearly 800k sf at the McCarthy Center in Milpitas. The 19-building property is own...
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• August 8, 2003 - Climbing to the Next Level
8/08/03
In the North Bay, Next Level Communications sold the vacant 15.7k sf Park Place office building at 6050 Commerce Blvd in Rohnert Park to a group of five local investors for $750k, or $47.86/sf. The company, a Motorola divisio...
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• Great Mall Becomes Great Mills Acquisition
8/07/03
The Great Mall of the Bay Area, the Milpitas retail center that was converted in 1994 from a former Ford Motor Co assembly plant, has been sold to Mills Corp for $265.5 mil. The figure is about $15 mil under the asking price....
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• BART Makes $45 Mil Stop at Lake Merritt
8/07/03
Here's an update on a major East Bay office lease we first told you about a month ago, that being Bay Area Rapid Transit's (BART) deal for 200k sf at Kaiser Center in downtown Oakland. We received word that the deal has been ...
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• Pacific Capital and Menlo Equities List Attractive San Jose-Area Office Properties
8/06/03
For you Bay Area investment shoppers, here's the scoop on three San Jose-area properties on the market that we've picked up from one of our regular sources for this kind of information, Real Estate Alert. One of the propertie...
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• Tishman Speyer on the Seller Side of Possible SF Deal
8/05/03
Tishman Speyer Properties is certainly in the news a lot these days. After locking up a $116 mil purchase of The Tower in Burbank a few days ago, the NY-based firm is on the other end of a big sale brewing in San Francisco, a...
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• Buyer Gets "Asyst" From Market Decline
8/04/03
Asyst Technologies Inc is reportedly in escrow to sell a 36-acre site in Fremont it bought three years ago for development of a new corporate headquarters. The buyer's name was not released, but industry sources suggest that ...
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• August 4, 2003 - Insured Against Vacancy
8/03/03
Basin Street Properties signed Heffernan Insurance Group to a 6-year lease for 9.1k sf at the eponymous Basin Street Landing project under way in downtown Petaluma. The Walnut Creek-based insurance agency, which also has offi...
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• August 1, 2003 - Investors Still Buying in San Francisco
8/01/03
On the San Francisco sales front, Embarcadero Federal Credit Union paid $2.4 mil for a 9.5k sf masonry building at 131 Franklin St in San Francisco. The seller was Pontes Financial Group, which recently acquired the property ...
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• Developers Singing "Ch-Ch-Ch-Changes"
7/31/03
The Bay Area's soured economy has forced changes in two more major developments. In the East Bay, Simeon Commercial Properties wants to slash more than 1 msf of offices and a large hotel from its plans for Metroport near Oakl...
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• July 30, 2003 - San Francisco Investor Touches Down at Aerojet Campus
7/30/03
Aerojet, a subsidiary of GenCorp Inc, is selling a 96k sf office complex on approximately 11 acres in Sacramento County for $14.9 mil, or $155/sf. Located along Hwy 50 at 2015 Aerojet Rd in Rancho Cordova, the property is und...
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• Developer Continues Up a Creekside in San Leandro
7/30/03
In San Leandro, a city located a few miles south of Oakland in the Bay Area, Creekside Associates LLC is continuing with phase two of their Creekside Plaza project, at the northwest corner of Davis St and San Leandro Blvd. Co...
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