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• NoCal Shopping Centers Ring Up Over $55 Mil in Sales
10/07/11
Two recent NoCal shopping center sales brokered by Cassidy Turley Northern California totaled to over $55 mil in value and about in 260k sf in combined size. One of the properties was Marin Gateway Shopping Center in Marin Ci...
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• NoCal Activity Review
10/06/11
PALO ALTO (Santa Clara County) -- Software giant SAP signed off on long-term expansion/renewal leases for two R&D sites totaling 135.1k sf within the prestigious Stanford Research Park in Palo Alto. The two separate transacti...
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• New Mixed-Use Affordable Housing Project to Be Built on Vacant Oakland Lot
10/03/11
A long-vacant lot on Oakland’s west side is about to be transformed into a new mixed-used, transit-oriented affordable housing community. Red Star Apartments, which will offer affordable one- and two-bedroom apartment homes t...
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• Equity Residential Purchases Hillside Res Project in Daly City
9/29/11
Equity Residential purchased 88 Hillside, a 95-unit, luxury mid-rise condominium project in Daly City. Equity plans to turn the development into a high-end rental property to complement their San Francisco portfolio.
The p...
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• Philips Electronics Renews 67k sf Office Space in Foster City
9/28/11
Philips Electronics has renewed its 67k sf space at Bayside Towers, a Class A office property in Foster City. Philips, a global leader in lighting, healthcare and lifestyle businesses, has been a tenant at the property since...
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• Marcus & Millichap’s San Jose Metro Area Multifamily Report for 3Q2011
9/27/11
Apartment vacancy in South Bay is poised to reach a decade low by year-end 2011 as renewed job creation and the region’s still-high cost of living fuels renter demand through the coming months. The region’s operational recove...
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• $23 Mil Buy Marks Westcore’s Fifth NoCal Purchase in Past Four Months
9/27/11
Westcore Properties has purchased Greenville Business Center, a four-building, 475k sf Class A industrial center in Livermore, for $23.3 mil, or $49/sf. The deal marks Westcore’s fifth industrial property acquisition in North...
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• Marcus & Millichap’s Multifamily Report for San Francisco Metro Area 3Q 2011
9/26/11
The collective influences of San Francisco’s out-of-reach single-family home prices, resurgent tech-related job growth, and firming occupancies are resulting in market dynamics that will side in favor of landlords in 2011. Wh...
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• It’s A Perfect World for Diamonds
9/26/11
Perfect World Entertainment leased a 100k sf office building in Redwood City, situated in the San Francisco Bay Area’s Peninsula region. The modern, Class A property is four stories tall features a stylish blue-glass finish. ...
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• Johnson Capital Arranges $12 Mil on East Bay Medical Office Building
9/23/11
Rick Hayward, Senior Director, of Johnson Capital’s San Francisco office, has arranged $12 mil in financing for a 45k sf medical office building in Walnut Creek, CA.
The fully-leased, three-story property, located at 2405 Sh...
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• New 300-Unit Foster City Res Project Gets Underway
9/22/11
Sares Regis Group of Northern California LLC (SRGNC) has begun construction of The Plaza in Foster City, a 307-unit apartment project in the Pilgrim/Triton area of Foster City. The development, slated for completion in 2013,...
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• Shorenstein Lists Pair of Class A Redwood City Office Buildings
9/22/11
Shorenstein Properties just listed for sale two trophy Class A+ office buildings totaling 447.7k sf in Redwood City. The properties, known as 1400 and 1500 Seaport Boulevard, are 100 percent NNN-leased to Abbott Laboratories ...
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• Equity Office Signs Two for Over 200k sf
9/15/11
Big office property owner Equity Office recently inked two sizable leases in Silicon Valley for a combined 213k sf of space. The deals were with Symantec Corporation in Mountain View and with KPMG in Santa Clara.
Mission Tow...
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• Palo Alto Experiencing Dramatic Demand for Space
9/13/11
Here is an overview of the Palo Alto real estate market, provided to us by CresaPartners. The report was compiled by Dave Tipton, a principal in the firm’s Palo Alto office.
While most of California’s commercial real estate ...
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• Trio of Leases Boost Occupancy to 91% at Dublin Corporate Center
9/12/11
Tishman Speyer recently inked three major lease transactions totaling over 250k sf at Dublin Corporate Center, a Class A office campus near San Francisco that the company owns. With these deals, occupancy at the project has ...
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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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