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March 29, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• Bay Area Computer Dump
6/24/02
Whether the Hewlett Packard/Compaq merger turns out to be beneficial for the two companies remains to be seen, but there's no question it will have a negative impact on the real estate market. Officials of the reconfigured co...
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• June 21, 2002 - School Spirit Lacking
6/21/02
San Francisco clothing company Esprit de Corp has put its 900 Minnesota St. campus back on the market following the Bay School's decision to back out of its agreement to buy the 107.1k sf property for $15 mil. The newly forme...
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• Developers Offer to Take a Bite Out of Oakland's Crime-Fighting Space Needs
6/20/02
As soon as it became known that the Oakland Police Department would probably not be allowed to relocate to the former Oakland Army Base during a proposed overhaul of the department's existing headquarters at Broadway and 7th ...
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• June 20, 2002 - Going Once, Going Twice, It's Leased!
6/20/02
Bay Area commercial real estate brokers may find the going getting even tougher. eBay Inc, the web's largest online auction site, has added office space to its list of biddable items. The company has teamed with Regus Busines...
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• June 18, 2002 - Uptown Uptick
6/18/02
Two neighboring historic buildings in Oakland's Uptown district may get significant new noncommercial tenants. According to East Bay Business Times, Bay Area Rapid Transit is in discussion to move to the former Emporium depar...
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• June 18, 2002 - Buy-o-tech -- Montgomery Realty Selling SSF Project Site
6/18/02
Montgomery Realty Group Inc entered a preliminary binding agreement to sell its Eccles Project acreage in South San Francisco for $12 mil ($37/sf), payable in cash at closing. After an initial 90-day property review period, t...
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• June 17 - Home is Where the Market is
6/17/02
Bay Area developers continue to pursue attempts to substitute housing for all or parts of office projects approved during the dot-com boom. In one recent spate of reconsiderations, backers of three projects in Petaluma have d...
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• Santa Rosa Property Receives Fiber-Optic Boost
6/14/02
Simons & Brecht, a full-service architecture and development firm based in Santa Rosa, got a big bonus when it sold a 35.8k sf building at 2260 Apollo Way in the Santa Rosa Corporate Center Business Park to Sonic.net, a growi...
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• June 13, 2002 - Dove Tackles Mare
6/13/02
Lennar Mare Island LLC has engaged DoveBid Inc, a provider of fully integrated asset management and valuation services, to sell a complete naval shipbuilding facility with a broad range of shipyard equipment and large machine...
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• Newmark to Make Mark in New Market
6/12/02
Fallout from the proposed but quashed merger between CB Richad Ellis and Grubb & Ellis continues in the Bay Area. Earlier we reported on the departure of several brokers from G&E's San Jose office to Insignia/ESG. Now, Ed Gra...
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• June 11, 2002 - Roseland Future Not So Rosy
6/11/02
The Sonoma County Board of Supervisors gave at least a four-month reprieve to the developer of a proposed office building in the Roseland area of Santa Rosa. The county signed a letter of intent earlier this year with ORIX JL...
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• June 10, 2002 - Dream of a Deal
6/10/02
Three brokers from Cornish & Carey Commercial pulled off one of the year's most exciting deals for the San Francisco Bay Area with the signing of DreamWorks SKG to a 10-year lease for a 119.7k sf office building at 1800 Seapo...
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• June 7, 2002 - Playing It Safeway
6/07/02
Safeway Inc has completed negotiations with CarrAmerica Realty Corp for space at CarrAmerica Corporate Center in Pleasanton. The supermarket chain signed five-year leases for 143k sf of offices to house its purchasing departm...
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• June 6, 2002 - Silicon Switch
6/06/02
The merger between the two Ellises -- CB Richard and Grubb & -- may be off, but fallout has nonetheless occurred, as evidenced by the departure of seven industrial and R&D brokers from Grubb's San Jose office. The group repre...
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• Thanks to Recent Success at Gateway West, Ellis Enjoys His Livermore
6/03/02
Ellis Partners, the San Francisco real estate investment and development firm formed by Hal Ellis of Grubb & Ellis fame, has been seeing a lot of activity at its Tri-Valley properties, with the completion of four large lease ...
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• Food Manufacturer and Engineering Firm have Plenty in Commons
5/31/02
Bedford Property Investors has signed two new office leases at Carneros Commons, a 77.2k sf flex- and office/flex project in Napa Valley Corporate Park in Napa. Food manufacturer The Perfect Puree of Napa Valley leased 8.2k s...
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• May 30, 2002 - Star Warts
5/30/02
With vacancies approaching 20% and one of the market's prime tenants, Industrial Light & Magic, set to move to San Francisco, now hardly seems to be the time to launch new development in Marin County. Nonetheless, that is jus...
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• North Bay Area Success is in the Stars for Orion
5/29/02
Orion Partners Ltd recently completed the following series of small office leases in Marin and Sonoma counties. The deals were done from the firm's San Rafael and Santa Rosa offices. In Marin, Mac Cranford and Haden Ongaro ...
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• City Center the Center of Attention in Oakland
5/28/02
Shorenstein Co may have decided the depressed market dictates giving up purchase and development rights for one of the remaining parcels in Oakland City Center, but other developers apparently aren't daunted. Newport Beach-ba...
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• May 23, 2002 - Better Late Than Never
5/23/02
It took six months from completion, but a three-building spec project in Airport Business Center in Santa Rosa has finally found its first two tenants. Crescent Health Care signed for 5.7k sf in a 26.9k sf flex building at 67...
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