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NoCal Activity Update 2/24/09 SAN MATEO (San Mateo County) – NR2B Research, a developer of multiplayer online games, inked a lease for 49.8k sf of office space at 475 Concar Dr. NR2B leased the entire second floor office portion of the two-story mixed-use...
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Menlo Park Industrial Property Sells for $8.6 Mil 2/20/09 A recent Menlo Park investment acquisition saw a 54k sf industrial/R&D property trade hands at a price of $8.6 mil ($159/sf). The single-story facility is located at 4085 Campbell Ave, south of the 101 Fwy and east of Marsh R...
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Colliers International Pros Provide Insight on Silicon Valley Commercial Real Estate 2/19/09 Colliers International's recent Silicon Valley Trends 2009 conference, the firm’s 10th annual commercial real estate forecast, provided an outlook on Silicon Valley's commercial real estate market and some thoughts on efforts...
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Black and Weissmann Join Up with CBRE’s San Jose Office 2/12/09 NoCal veteran brokerage pros Jeffrey Black and Burke Weismann have joined the San Jose office of CB Richard Ellis. Both men have been consistent top performers at Grubb & Ellis and bring over 30 years experience with them to...
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NoCal Deal Briefs 2/10/09 SAN JOSE (Santa Clara County) -- ZF Array Technology Inc agreed to a $1.53 mil, 66-month renewal for its 32.8k sf ($0.71/sf/mo) office/industrial space at 1965 Concourse Dr, within Fortune Technology Park. ZF Array Technology...
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Silicon Valley Office Building takes the LEED in New Development 2/09/09 One of the first new office buildings in Cupertino to achieve LEED-silver specifications is now ready for occupancy. Called Cupertino Crossing, the 102.4k sf, two-story building is located at 10900 North Tantau Ave, west of ...
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PCCP Adds Another Page to Its Note Book 2/05/09 In an unusual note acquisition, PCCP LLC purchased the A note on a loan previously held by Column Financial and secured by two Bay Area hotels owned by The Carlyle Group. PCCP acquired the B note of the same loan from Column ...
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Gilead Sciences Completes $137 Mil Foster City HQ Campus Buy 2/03/09 Biopharmaceutical company Gilead Sciences closed on its purchase of a 35-acre HQ campus in Foster City from EFI for $137.5 mil. The property, which was first put on the market last May, consists of a 163k sf building occupied...
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G.W. Williams Closes $39 Mil Recapitalization of NoCal Multifamily Assets 1/30/09 In a notable NoCal multifamily financing deal, San Mateo-based G.W. Williams Co recapitalized a four-property, 600-unit portfolio in the Sacramento and Silicon Valley regions. The $39 mil transaction was actually a fixed-rat...
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San Francisco Office Activity Slows Dramatically 1/30/09 Here’s a brief 4th Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage.
Absorption: The office market recorded its third consecutive quarter of ...
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Sluggish Tech Sector to Slow San Jose Apartment Market 1/29/09 In the coming year, San Jose’s apartment market is expected to be impacted by the continued turmoil in the financial markets and by a tough employment market faced with a sluggish technology sector, according to the 2009 Nati...
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NoCal’s C&C Forms Capital Advisory Group 1/29/09 NoCal regional real estate services firm Cornish & Carey has launched a new special assets services division within the C&C Capital group, called C&C Capital Advisors. Led by C&C Capital founders Brad Zampa and Matthew Gum, ...
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NoCal Deal Briefs 1/27/09 SAN FRANCISCO (San Francisco County) – Fox Interactive is bumping up its existing 35k sf of SOMA space at 625 Second St -- housing the company’s MySpace and Photobucket entities -- by subleasing an additional 70k sf, for a to...
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Santa Clara Apartment Property Sells for $162k/Unit 1/26/09 In a recent example of a Silicon Valley apartment sale, a 16-unit luxury apartment complex in Santa Clara sold for $2.6 mil ($162.5k/unit). The property, Saratoga Square, is located at 565 Saratoga Ave and consists of 14 one-...
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Principal Financial Closes 2006 with 45k sf Discovery in Livermore 1/22/09 Principal Financial Group closed out the year on a high note, with a pair of leases totaling 61.6k sf of space at its Amador Business Center in the city of Livermore. In one of the transactions, Discovery Toys took 44.6k sf o...
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Law Firm Takes 85k sf of High-End Space in Silicon Valley 1/21/09 In a notable Silicon Valley law firm office lease that closed before the end of the year, McDermott, Will & Emery LLP agreed to a deal for 84.7k sf of space at 275 Middlefield, a two-building Class A complex at 275 Middlefiel...
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SIOR NoCal Sends New Prez Announcement in Morse Code 1/19/09 Nancy Morse, CCIM, SIOR and Senior Vice President with the San Jose office of Grubb & Ellis, has been elected President of the Northern California Chapter of the Society of Industrial and Office Realtors (SIOR) for 2009.
S...
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J.S. Rosenfield Lands Larkspur Landing Shopping Center in $65 Mil Deal 1/16/09 Larkspur Landing Shopping Center, a 173k sf retail center in NoCal’s Marin County, was acquired by J. S. Rosenfield & Co for $65 mil, or about $376/sf. The property, which currently is 70 percent occupied with a tenant mix th...
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NoCal Building Pros Launch DVC Group 1/15/09 NoCal building industry veterans Dan Hughes, Vin Smith and Cort Munselle have launched DVC Group, a professional consulting group providing planning, project management and civil engineering services catering to both the larg...
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Overton Moore Lists 500k sf Fremont Facility for Lease 1/14/09 A team made up of brokerage pros from CB Richard Ellis and Colliers International has just been given the leasing assignment for a 506k sf industrial building in the East Bay city of Fremont that will become available on July...
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