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Matthew Brasler and Kareem Barzegar Join Grubb & Ellis 11/19/09 Matthew Brasler and Kareem Barzegar, CCIM, have joined Grubb & Ellis’ Office Group as Associate Vice President and Senior Associate, respectively.
A 10-year industry veteran, Brasler specializes in the leasing and investme...
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Shorenstein Heads to Main Street to Locate Retail Leasing Team for Oakland City Center 11/18/09 Main Street Property Services Inc has taken over leasing activities for Oakland City Center's mix of dining and retail space. The assignment, which took effect as of November 1, 2009, will be led by Craig Semmelmeyer, Princip...
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Bed Bath & Beyond Leases Two New NoCal Locations 11/17/09 Bed Bath & Beyond (BBBY) recently inked leases for two new NoCal locations totaling over 63k sf in the Bay Area. BBBY will serve as anchor tenant at both locations, Gateway Plaza and The Great Mall. The big retailer was repre...
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San Francisco Apartment Market Still on the Decline 11/16/09 Apartment rents in San Francisco are expected to continue to slide this year, as the market struggles with the ongoing economic contraction. Unemployment has reached its highest level in more than two decades, dragging on apa...
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Sunnyvale Multifamily Property Fetches $44 Mil 11/13/09 Acacia Capital Corp closed on a large Silicon Valley apartment buy, paying $43.8 mil for Avalon at Parkside, a 192-unit ($228.1k/unit) multifamily community in Sunnyvale. Built in 1991, Avalon at Parkside contains 204.6k sf o...
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Silicon Valley R&D Building Sells for Near $5 Mil 11/12/09 A vacant 44.3k sf R&D building situated on three acres in Sunnyvale recently traded hands at a price of $4.63 mil ($105/sf). The buyer was GSI Technology Inc, which was founded in 1995 in San Jose and provides telecom and net...
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Santa Clara Res Project Recognized for Workforce Housing Excellence 11/11/09 The Urban Land Institute’s (ULI) Terwilliger Center for Workforce Housing has named Casa del Maestro in Santa Clara as a recipient of the 2009 Jack Kemp Workforce Housing Models of Excellence Award. The award, which is named ...
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Fremont R&D Facility Hits the Market 11/10/09 A 141k sf R&D property in Fremont just came on the market with an asking price of $8.485 mil, or about $59/sf. Located at 48603-48633 Warm Springs Blvd, north of Scott Creek Rd and midway between I-880 and I-680, the property...
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With Sublet Space on the Rise, San Francisco Office Outlook Still Gloomy 11/04/09 With new construction activity remaining flat in San Francisco, the increase in office space availability is due to the dramatic spike in sublease opportunities, according to the San Francisco Studley Report, Studley’s analys...
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Solyndra Leases 500k sf Former HP Facility in Fremont 11/03/09 In a major Bay Area industrial lease, Solyndra, a Fremont-based designer and manufacturer of photovoltaic systems, agreed to long-term deal for a 506.5k sf former Hewlett Packard facility in Fremont now owned by Overton Moore...
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East Bay Industrial Market Remains One of Healthiest in the Country 10/30/09 Here’s a brief overview of the East Bay industrial market as of the end of the third of 2009, per the latest data from Grubb & Ellis Company.
• The industrial vacancy rate increased to 3.6 percent during the third quarter, u...
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Investors Spend on NoCal Apartment Communities 10/28/09 An unnamed private investor acquired Park West Townhouses, a 71-unit townhouse community in Petaluma. Completed in 1972, Park West Townhouses is a well-located, garden-style complex featuring 65 two-bedroom/one-bath townhouse...
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Construction Gets Underway at Res Community in Novato 10/27/09 Barker Pacific Group (BPG), the developer of the 450k sf Hamilton Landing office park at the former Hamilton Air Force Base in Novato, has begun construction on a new 27 single-family home community at Hamilton. The Landing ...
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Investors Snag Bay Area Multifamily Properties 10/23/09 In recent Bay Area multifamily investment activity, a 5-unit property located at 7 Seville Way in San Mateo traded hands for $1.695 mil ($339k/unit). The property consists of four one-bed/one-bath units and one three-bed/two-...
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Old Republic Renews Its 40k sf Space in San Ramon 10/22/09 Old Republic Home Protection signed a renewal lease for 40k sf of space at 2 Annabel Lane in Bishop Ranch in San Ramon. Old Republic has been a tenant with the property owner, Sunset Development Company, for more than 20 yea...
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Hodgdon-Miank Completes TI Work on 164k sf at Mountain View Industrial Center 10/21/09 Tenant improvements worth $1.2 mil have been completed for Stater Bros, Brands on Sale and two other buildings at Mountain View Industrial Center in Redlands, a freeway-visible development owned by RREEF and PGP Partners Inc ...
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Bay Area Apartment Property Sells for $34 Mil 10/20/09 Waterstone Millbrae, a 136-unit, 114.4k sf multifamily property in the Bay Area community of Millbrae, about 15 miles south of San Francisco, traded hands in a $33.8k ($248.4k/unit) transaction. Located at 509 Poplar Ave, the...
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Candaleria Joins NAI BT Commercial 10/19/09 Veteran real estate broker Ken Candelaria has joined NAI BT Commercial as Partner. Candelaria, who specializes in tenant representation for the lease and sale of office and R&D product throughout the Silicon Valley, will be b...
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New Walnut Creek Condo Development More than 25% Sold 10/15/09 The first residents of 555YVR, downtown Walnut Creek’s newest condominium residences, are moving in. Located at 555 Ygnacio Valley Rd, at the gateway to Downtown Walnut Creek and just steps from the BART station in Walnut Cre...
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Pair of Silicon Valley Apartment Sales Total Over $2 Mil 10/14/09 We’ve got a couple of recent Silicon Valley apartment sales to report. The transactions, one in Sunnyvale and the other in San Jose, have a combined value of just over $2 mil.
In Sunnyvale, a six-unit, 4.9k sf building on Ki...
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