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• San Jose Office Sublease is a Nimble Move for Storage Company
9/08/11
Nimble Storage subleased 34.3k sf of office space at 2740 Zanker Rd, north of Hwy 101 and the San Jose International Airport in San Jose. Nimble Storage, developer of the first converged storage and backup solution, is expand...
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• Talbott and Mencaccy Buy RW Zukin
9/02/11
Long-time multifamily industry veterans Robert C. Talbott and Scott F. Mencaccy have acquired RW Zukin Corporation, a 46-year-old Bay Area real estate services firm. Based in Menlo Park, RW Zukin specializes in property manag...
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• NoCal Activity Review
8/31/11
SANTA CLARA (Santa Clara County) -- Palo Alto Networks, a network security company, expanded and relocated its corporate headquarters from its previous location at 232 E. Java Drive in Sunnyvale after signing a new lease for ...
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• Westcore Spends $23 Mil on Central CA Distribution Facility
8/30/11
Westcore Properties keeps rolling along with yet another significant industrial acquisition. In their latest deal, the San Diego-based real estate firm purchased Stockton Center Pointe, a 508k sf, Class A warehouse/distributi...
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• CBRE Team Named to Market NoCal Grocery-Anchored Retail Center
8/29/11
A CBRE marketing team of Don LeBuhn, David Noravian and Heath Kastner has been retained as the marketing advisor for Rossmoor Shopping Center, a 107.6k sf grocery-anchored community center located in the highly affluent East ...
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• BPM Leases 20k sf of Walnut Creek Office Space
8/26/11
Burr Pilger Mayer (BPM), one of the largest West Coast-based accounting and consulting firms, signed a lease for almost 20k sf of office space at 2001 North Main Street (commonly known as 3 Ygnacio Center) in Walnut Creek, al...
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• SF Peninsula Multifamily Asset Sells for Over $11 Mil
8/25/11
Pacific View Apartments, a 61-unit multifamily community located in the coastal San Mateo County city of Pacifica, was acquired by a single-asset entity controlled by a private Bay Area partnership. Located at 335 Talbot Ave,...
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• Iconic San Francisco Office Building Sells for Over $600/sf
8/24/11
One Montgomery Street, an iconic, 76k sf office building in San Francisco’s Financial District, was purchased for $48 mil ($632/sf) by a New York City-based investment group. The structure, which fronts Montgomery and Post St...
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• Chandler Properties Purchases 15-Unit Oakland Apartment Building
8/24/11
The Alexandria, a 15-unit apartment community located at 1906 Jackson St in Oakland, sold for just over $2 mil ($133/unit). Built in 1923, The Alexandria features six studio and nine one-bedroom units, most of which feature v...
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• Santa Clara Office Buildings to Undergo Dramatic Re-Do
8/23/11
Two adjacent Santa Clara office buildings are about to undergo a dramatic redevelopment that includes adjoining the buildings with a dramatic, two-story glass pavilion and creating a striking exterior courtyard lounge area fo...
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• East Bay Property Owner Gets Rich
8/18/11
In recent NoCal deal news, a local investor paid $11 mil for Mi Pueblo Foods grocery store (formerly an Albertson's), a 50k sf ($220/sf) building located at 2400 Railroad Ave in Pittsburg, in Contra Costa County. The property...
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• Google Leases 700k sf Sunnyvale Campus
8/16/11
Tech giant Google Inc signed off on a long-term lease for 715.5k sf of office space at Jay Paul Company’s Technology Corners campus in Sunnyvale. Located at 803-811 11th Ave, the four-building Technology Corners campus is adj...
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• 2Q2011 Grubb & Ellis Office Report for San Francisco and the SF Peninsula
8/15/11
The following 2nd quarter summary and report for the office market in San Francisco and the peninsula has been provided by Grubb & Ellis.
REGIONAL ANALYSIS AND FORECAST
The San Francisco region office market continued to ...
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• LBA Realty Closes 200k sf NoCal R&D Buy
8/11/11
LBA Realty recently closed on a NoCal R&D investment buy, having acquired a 208.6k sf facility at 2701 Orchard Pkwy, just west of the intersection of N. 1st St and Trimble Rd in North San Jose. The property sits on 18.5 acres...
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• Bay Area Activity Update
8/10/11
FREMONT (Alameda County) -- Nova Solar Technologies Inc signed off on a long-term lease of a 64.6k sf R&D/flex building in the East Bay city of Fremont. The property is located at 48664 Milmont Dr, north of Scott Creek Rd bet...
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• Mesa West Capital Provides $122.4 Mil in Two Financings
8/09/11
In two separate financings, Mesa West Capital has funded loans totaling $122.4 mil for the recapitalization of a West Coast office portfolio and the acquisition of a vacant office campus in Silicon Valley.
Legacy Fund II, a ...
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• Investor Picks Up 148-Room San Jose Hotel Asset
8/08/11
An unnamed buyer purchased La Quinta Inn Hotel, a 148-room hotel property located at 2585 Seaboard Ave, near the Mineta San Jose International Airport in San Jose. The price was not disclosed.
The two-story, interior corrid...
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• Second Quarter 2011 Industrial Market Report by CBRE for SF Peninsula
8/05/11
Industrial market experienced significant positive absorption in the second quarter of 2011, totaling just over 1 MSF. Vacancy saw its largest single quarter decline since the first quarter of 2004, falling by 170 basis poin...
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• Major Renovation Set to Begin at San Francisco Office Tower
8/04/11
TIAA-CREF is set to begin a multi-million dollar renovation of Fifty Fremont and The Plaza at Fifty Fremont, a 42-story Class A office tower and its outdoor plaza in San Francisco’s Financial District. The property, which off...
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• Second Quarter 2011 Office Market Report by CBRE for SF Peninsula
8/03/11
The following Second Quarter 2011 Report for the San Francisco Peninsula office market was provided to RENTV by the CB Richard Ellis San Francisco office:
After experiencing a historically high amount of positive absorption ...
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