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• March 8, 2002 - San Fran-sicko - Health of City's Office Market Still in Decline
3/08/02
San Francisco office rents continue their decline, according to recent surveys from Starboard Commercial Real Estate. The firm's February 25 Availability and Vacancy Analysis shows the overall average annual rent for the comb...
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• March 7, 2002 - Port-Ability: Port of Oakland Leases Back Space in Building It Sold
3/07/02
Barely two months ago the Port of Oakland agreed to sell several buildings at Jack London Square to the team that was chosen to undertake a $250 mil expansion of the mixed-use waterfront district. Now the public agency is lea...
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• March 7, 2002 - Marin Buyer Acquires Mixed-Use Center for $31 Mil
3/07/02
Seagate Buchanan Associates LLC, an entity formed by Seagate Properties of San Rafael, has acquired Serramonte Plaza, a 222Ksf mixed-use complex in Daly City with approximately 144k sf of offices and 80k sf of retail. The $31...
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• March 6, 2002 - They'll be Working on the Railroad
3/06/02
U.S. Development Group Inc acquired 66.23 acres of land at 5030 Imhoff Dr, in an unincorporated area of Contra Costa County near Martinez, for development of a private
rail yard. The price was $7.5 mil ($2.60/sf).
The Housto...
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• Hey Abbott! How about More Lab Space?
3/05/02
Growth of the Bay Area biotech industry shows no sign of abating, with yet more announcements of new project plans by pharmaceutical and genetics companies. In one of the more recent actions, Abbott Labs announced plans to tr...
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• March 5, 2002 - PeopleSoft Doing Hard Deals
3/04/02
Given its current level of real estate activity, PeopleSoft Corp might want to consider switching from focusing on human resources software to programs for property management. As the Pleasanton-based company continues to mov...
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• March 4, 2002 - Corker of a Deal
3/03/02
Following last month's news regarding new Napa Valley leases by Vancouver, B.C.-based wine label printer and designer Tapp Technologies Inc and London-based distiller and wine-maker Diageo plc, another international wine-rela...
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• March 1, 2002 - Trumark of Success
3/01/02
Colliers International has brokered the sale of a 14.6k sf R&D/office building to pension fund company McMullan & Associates at Copper Hill Business Park, a four-building, 76k sf complex at Collier Canyon Road and North Canyo...
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• February 28, 2002 - Something Old, Something New for Oakland City Center
2/28/02
The Shorenstein Company may have lost Ask Jeeves as the anchor tenant for the new office tower under construction at Oakland City Center, but the big commercial property owner recently signed two new leases and two lease rene...
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• Genesys Makes Its Exodus from Downtown SF
2/26/02
Genesys Telecommunications Laboratories Inc, a subsidiary of Paris, France-based Alcatel, has signed one of the largest office leases in the Bay Area over the last year or more, agreeing to occupy 113,000 square feet at Pacif...
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• February 25, 2002 - Landmark Leases -- Deals Signed in Historic SF Buildings
2/25/02
Two of San Francisco's most historic Financial District buildings, owned by two of the city's most illustrious landlords, saw recent leasing activity.
In the Mills Building, a landmark structure at 220 Montgomery St that sur...
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• February 22, 2002 - Basin Street News
2/22/02
Sonoma County's largest commercial developer, Petaluma-based Basin Street Properties, has had a busy few weeks, completing six small leases, totaling about 18k sf, in three properties. It also selected a leasing team for a ne...
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• February 21, 2002 - Risky Business in the Bay Area
2/21/02
The market may be flat, but that isn't stopping several Bay Area developers from pushing forward with speculative office projects. Though most are relatively modest, they nonetheless would seem to represent significant risks ...
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• East Bay Military Action
2/20/02
With two new deals totaling 375k sf, leasing at the former Oakland Army Base has reached nearly 95%, according to John Monetta, leasing coordinator for the Oakland Base Reuse Authority. OBRA, which oversees conversion of the ...
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• High-Tech Livermore Incubator Gets First Tenants
2/19/02
The TriValley Technology Enterprise Center in Livermore has signed its first three tenants. ETARAN Instruments, Sox Systems and NanoLogic will move into the high-tech incubator project shortly. ETARAN, involved with improving...
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• February 15, 2002 - New Beginning -- Cell Genesys into Internet Hotel Site
2/15/02
In another sign of biotech replacing multimedia as the wave of the future, Cell Genesys has announced plans to build its headquarters at a South San Francisco site previously slated for an Internet hotel. Earlier this month, ...
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• February 14, 2002 - The Butler Did It -- Jeeves Kills Shorenstein Deal
2/14/02
Shorenstein Co LP has lost the major tenant for a 20-story tower currently in construction in Oakland City Center. Ask Jeeves Inc, which actually showed a profit of $1.3 mil in the most recent quarter but nonetheless saw its ...
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• February 13, 2002 - Everything That Falls Must Converge
2/13/02
The San Francisco market is undergoing what David Becker calls the dot-com/industrial convergence, though perhaps reconvergence is a more accurate description. The Ritchie Commercial broker says South-of-Market space formerly...
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• New Plans for Proposed R&D/Tech Site in San Francisco to Target Retail
2/08/02
Last February, Werbe RT Properties was refining plans for Media Exchange, a 360k sf R&D, technology and multimedia project at 8th and Howard streets in San Francisco. A year later the company has scrapped those plans and begu...
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• February 6, 2002 - Simeon Says Build More Biotech in Richmond
2/06/02
The uncertainty about the future of the biotech industry in the Bay Area is not dissuading developers from charging ahead on new projects, with recent announcements for two large biotech parks. In South San Francisco, Slough ...
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