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• August 28, 2002 - Steeling Home
8/27/02
Another Bay Area commercial property is going residential, as developers and investors look for more profitable alternatives during the market downturn. Opus West has agreed to buy a 5-acre industrial property in Emeryville f...
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• August 27, 2002 - Skyy High on SF
8/26/02
Were he still alive, San Francisco Chronicle columnist and martini aficcianado Herb Caen would be ecstatic to learn that Skyy Vodka has decided to keep its world headquarters in the City by the Bay. The distiller signed a 10...
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• August 26, 2002 - There Oughtta Be a Law Firm
8/24/02
Judging by sizable deals in three Bay Area submarkets, expanding law firms seem to be picking up some of the slack left by other businesses that are cutting back or going under. And Equity Office Properties Trust Inc is the m...
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• August 22, 2002 - Inktomi, or Sinktomi?
8/22/02
The unraveling of a synthetic lease between software maker Inktomi Corp and developer Legacy Partners may spell the end nationwide for the controversial leasing technique that enables a company effectively to own a building w...
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• August 21, 2002 - Novato Sales Highlight Investor Interest
8/21/02
While Marin County vacancy levels may be high, two recent Novato sales underscore the market's attractiveness for investors looking for properties with solid tenants on long-term leases.
In the first transaction, Marcus & M...
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• Huge Fire Deals Major Setback for San Jose's Santana Row Development
8/20/02
A major fire yesterday engulfed much of the $500 mil Santana Row mixed-use development, still under construction in San Jose. The upscale 42-acre project, expected to provide a huge economic boost to the region, had been sche...
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• August 20, 2002 - Developer Signs Flavorful Lease in Livermore
8/20/02
KMJT Investments has found tenants for two of four office buildings it has in construction at the Tri-Valley Business Center in Livermore. The two buildings, which are located at Independence Dr and Collier Canyon Rd, total 5...
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• Cal Teachers Nabs Walnut Creek Office Building
8/19/02
CalSTRS (California State Teachers' Retirement System) recently closed a major office investment, having paid about $57 mil for Pacific Plaza, a 249k sf ($229/sf) Class A building at 1340 Treat Blvd, east of the 680 Fwy by Oa...
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• August 19, 2002 - Sales Market Strong in Southern Alameda County
8/19/02
Owner-users, developers and investors all continue to comb the southern end of the I-80 Corridor for attractive opportunities, drawn by the combination of comparatively low price points and a comparatively active leasing mark...
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• August 16, 2002 - Location Tells in Two East Bay Office Sales
8/16/02
What a difference a mile makes. Two Walnut Creek office properties have sold for widely divergent prices, with distance from transit and other businesses the determining factor. Both were bought by local investors. Greenville...
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• Here's an Alert on a Pair of Bay Area Office Properties on the Block
8/16/02
For those of you looking for major office opportunities in the Bay Area, or who follow investment activity in the region, we've got a pair of interesting properties on the block to let you know about, one in San Francisco and...
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• East Bay Credit Union Makes Its Own Real Estate Buy
8/14/02
The sale of a Pleasanton investment property to an owner-user has relieved the East Bay market of a small amount of vacant sublease space. EBTEL Federal Credit Union reportedly has agreed to pay Principal Financial Group of C...
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• August 13, 2002 - Shorenstein Shoring up City Center
8/13/02
After a shaky start, Shorenstein Co's new high-rise at Oakland City Center has begun to fill. The 21-story tower opened in March with a scant 25k sf of its 487k sf accounted for. Subsequent leases have seen tenants take an ad...
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• August 12, 2002 - CB Completes Peninsula Transactions
8/12/02
Acting on behalf of the landlord, the Lees-Grant team at CB Richard Ellis in San Mateo recently completed three Peninsula leasing transactions valued at nearly $1.8 mil. The team consists of James Lees, Tim Grant, Suzanne Mat...
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• August 9, 2002 - How Down Is My Valley
8/09/02
How bad has the Silicon Valley market got? Bad enough that Nortel Networks Ltd sold the main headquarters of its Santa Clara campus for only $65/sf, or just under $24 mil. The 359k sf building on nearly 16 acres sold to Campb...
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• August 8, 2002 - European Investor Buys into S.F.
8/08/02
Fremont Properties, a subsidiary of San Francisco-based Fremont Group, has formed a new partnership to own and operate 199 Fremont, a 29-story office building it completed two years ago in San Francisco's South of Market dist...
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• TDC Puts 623k sf Food Facility on Its Table
8/08/02
Transpacific Development Company (TDC), a Torrance-based full service real estate development, investment and management firm has purchased a 623k sf distribution facility on behalf of Sacramento Foodco Investors LLC, a TDC a...
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• Equity Just Says No to Revised Offer for Industrial Portfolio
8/07/02
Following up on a widely reported story from a few weeks ago, Equity Office Properties will not, as of today, be selling a portfolio of 22 industrial properties to AMB Properties, after the SF-based REIT requested that the ag...
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• College to Develop New Campus Where Sun don't Shine
8/07/02
Flush from the sale of its original Palo Alto headquarters to a Jewish nonprofit, Santa Clara-based Sun Microsystems has sold 81 undeveloped acres in Newark to another non-commercial enterprise, Ohlone College. The price was ...
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• August 6, 2002 - Bishop Makes another Convert
8/06/02
Following Armanino McKenna's deal for 29k sf at Sunset Development Co's Bishop Ranch in San Ramon, another tenant has taken space at the 9 msf business park. ADP Inc signed a 10-year lease for 106k sf in the recently complete...
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