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• Westcore Picks Up 500k sf of Manufacturing Space from Flextronics
1/08/08
A 500k sf manufacturing facility portfolio in the Silicon Valley community of Milpitas was recently purchased by Westcore Properties LLC. The acquisition consists of nine buildings occupied by Flextronics International USA In...
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• So Much Opportunity for SOMA Condo Complex
1/04/08
A 20-unit live/work condo development in San Francisco’s SOMA district has been listed for sale at a price of $565k/unit. The recently constructed property, containing a total of 23.6k sf of space, has an asking price of $11....
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• Oakland’s City Center to Grow by 500k sf
1/02/08
A new 500k sf Class A office tower is on track to break ground in downtown Oakland next spring thanks to recent approval by the city’s Planning Commission of a final design and PUD for the project, a joint venture of Shorenst...
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• Proteolix and ENIVA Sublease 30k sf Hayward Facility
12/21/07
A 30k sf R&D facility in Hayward currently leased to Questor Pharmaceuticals was subleased to two sub-tenants – Proteolix Inc and ENIVA Corporation -- in separate deals. The building, located at 26118 Research Rd, south of Ed...
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• Legacy Partners Cracks into Walnut Creek with 109-Unit Complex
12/20/07
A 109-unit apartment community in the East Bay city of Walnut Creek was acquired by Legacy Partners, the Foster City-based commercial real estate firm spun off from Lincoln Property some years back. The property, Tower Court,...
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• CB Richard Ellis Opens Walnut Creek Office
12/19/07
International brokerage services firm CB Richard Ellis has boosted its presence in the Bay Area with the addition of a new office in Walnut Creek, to be led by Managing Director Trevor Thorpe. A member of CBRE’s Private Clien...
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• Bay Area Activity Review
12/18/07
SUNNYVALE (Santa Clara County) -- Westcore Properties has acquired a 53.4k sf office building on 2.98 acres at 455 De Guigne Dr for $18.15 mil ($340/sf). The building is 100% leased to Tandberg Television, a wholly owned subs...
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• AvalonBay Walks Centerline for $105 Mil
12/17/07
An AvalonBay Communities-led development entity received $105 mil in financing for construction of the second phase of a mixed-use development known as Avalon at Mission Bay, in San Francisco’s Mission Bay area. The funding w...
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• NAI BT Commercial Adds Corporate Solutions Offering
12/17/07
NAI BT Commercial, the active NoCal regional brokerage firm, has added a new Corporate Solutions offering and has brought on board Kevin Vitale as Managing Director of the new division. Corporate Solutions is designed to crea...
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• Hines Buys Vacant Office Building in Redwood Shores Area
12/13/07
by Allen Wolfsheimer
A vacant 154.6k sf office property south of San Francisco in the Redwood Shores submarket recently traded hands in a transaction valued at around $50 mil ($323/sf). The asset, which is currently the largest available block of...
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• Brokerage Firm Signs Studley Sublease Deal in Downtown San Francisco
12/12/07
National tenant rep firm Studley has been enjoying considerable growth in its San Francisco office, leading them to ink a lease for a larger downtown space, at 150 California St. The company negotiated a deal for 9.6k sf of s...
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• Owner/User Picks Up Hayward Space for $1.86 Mil
12/11/07
Techstyles Sportswear Inc, a local silk screening, printing and clothing company, recently closed on a $1.86 mil owner/user industrial buy in the East Bay city of Hayward. The 20.2k sf ($92/sf) building offers 18’ clear heigh...
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• Bixby Invests another $36 Mil in Silicon Valley Office Properties
12/06/07
SoCal investors are finding much to their liking in Silicon Valley these days. One company that has really focused on the region over the past year is Long Beach-based Bixby Land Company, led by Bill Halford, which just close...
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• Silicon Valley Retail Property Fetches $550/sf
12/04/07
A 1031 exchange investor traded into a San Jose retail center in a recently closed acquisition. The property was Plaza de San Jose, a 61.8k sf complex shadow-anchored by Target (not part of the sale), which sold for $34 mil (...
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• Cornish & Carey Opens Hayward Office
11/30/07
NoCal commercial brokerage firm Cornish & Carey (C&C) has just opened a new office in Hayward, to be led by founders Joe Fabian, Steve Kapp, Paul Mueller, Paul Beckwith and Mike Spiro. The expansion is part of C&C’s plans to...
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• Legacy Underway with New San Jose Office High-Rise
11/27/07
By Allen Wolfsheimer
The Silicon Valley office market has really turned around since the dot.com bust of six years ago and the huge glut of sublease space that flooded the market in the aftermath is now a thing of the past, ...
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• San Francisco Apartment Market Looks Solid
11/26/07
The outlook for apartment investment in San Francisco remains strong for the remainder of this year and throughout 2008, due in great part to tight conditions and elevated housing costs. According to a third-quarter Apartment...
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• Investors Making Deals Happen for Bay Area Office Properties
11/20/07
Although buyers may find financing to be a little bit more challenging these days, that doesn’t mean that deals are not getting done. We’ve got a trio of recent office sales to report from the Bay Area, in Mountain View, San ...
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• NoCal Investor Bookish about Sale/Leaseback Deal on Encyclopedia Circle
11/19/07
Sale/leaseback transactions are becoming more common of late, as investors are attracted to the property’s stable income flow and business owners are able to free up capital that can then be invested back into the company. In...
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• Try Out this Review of the Tri-Valley
11/14/07
Here’s a quick overview of the Tri-Valley market as of the 3rd quarter 2007, courtesy of NAI BT Commercial. This report is a summary of the company’s most recent research reports about the region and was provided to us by NAI...
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