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• December 29, 2003 - The UnPleasanton Truth
12/29/03
Following the hiring of accounting firm BDO Seidman LLP, financial software maker Commerce One Inc has arranged to pay $5.6 mil owed for past rent and is terminating its lease at CarrAmerica Corporate Center in Pleasanton.
I...
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• December 26, 2003 - Ferries, Sourdough and the Far East
12/26/03
A major San Francisco landmark and one of the city's landmark businesses were involved in recent lease transactions.
In the first, Conifer Securities has grabbed the last large office space at the recently renovated Ferry Bu...
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• December 24, 2003 - Wind Rose in Sacramento
12/24/03
Windrose Medical Properties, a self-managed specialty medical properties REIT based in Indianapolis, closed on the $9.2 mil acquisition of the 46.4k sf Methodist Medical Building in Sacramento. The deal works out to a little ...
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• December 23, 2003 - Embarking on a New Mission
12/23/03
City College of San Francisco has abandoned its plans to demolish the city's oldest surviving movie house and sold the property to a private developer who promises to restore the theater for contemporary use. Gus Murad & Asso...
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• December 22, 2003 - Guaranteed Equity
12/22/03
Equity Office Properties Trust signed new leases at properties in San Francisco, San Mateo and Alameda counties.
The Chicago-based REIT signed two deals at 60 Spear, a 133k sf building at Mission and Spear streets in San Fra...
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• No Sour Grapes in $7.5 Mil Napa Vineyard Sale
12/19/03
An investment group headed by CB Richard Ellis Chairman Richard Wollack and Bill Hill of Bighorn Cellars has purchased Napa Valley's Suscol Creek Vineyard for $7.5 mil. Napa-based Premier Pacific Vineyards LP bought the 160-a...
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• December 18, 2003 - Catholic Tastes
12/18/03
The Roman Catholic Archdiocese of Oakland bought a 2.5-acre parking lot in downtown Oakland for construction of a new cathedral. Cathedral Corp of the East Bay, which the church formed to develop the building, agreed to pay P...
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• December 17, 2003 - It's the Law
12/17/03
Boston Properties has found a tenant to take at least a portion of the 234k sf being given up by KPMG and Orrick, Herrington & Sutcliffe at San Francisco's Embarcadero Center. Law firm Allen Matkins Leck Gamble & Mallory LLP,...
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• December 16, 2003 - Logical Choice for Primitive Firm
12/16/03
Taking advantage of falling rates and the surfeit of space, another firm is moving its headquarters from the suburbs into San Francisco. Unlike most other firms taking similar steps, this one has decided to benefit from anoth...
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• December 15, 2003 - Gym Nauseum
12/15/03
Put it down to attention deficit disorder. Gymboree Corp, the children's clothing manufacturer and retailer, still plans to relocate its headquarters from Burlingame to San Francisco, but not to 350 Rhode Island St as reporte...
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• ING Realty to Get Rid of some Bay Area Executives
12/15/03
Two Bay Area office properties have hit the market, with a combined value of around $90 mil. According to a recent piece in Real Estate Alert, ING Realty Partners is the seller, in partnership with Laguna Hills-based Muller C...
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• December 12, 2003 - Sublease Bagged in Oakland
12/12/03
Eagle Bag Corp has subleased approximately 66k sf of warehouse space from Boise Cascade Corp at 700 Independent Way in Oakland. The 21-month term, of undisclosed value, begins immediately.
The subtenant, a leading producer o...
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• December 11, 2003 - We'll Second That
12/11/03
Though it would have been considerably less newsworthy in other years, a new deal by KPMG LLP at 55 2nd St has attracted notice as the second largest lease in San Francisco this year. The accounting and consulting firm, curre...
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• NoCal Financing Notes
12/10/03
Newmark Realty Capital's William Monheit arranged financing in the amount of $8 mil for the Foothill Crossing Shopping Center in the Silicon Valley town of Los Altos. The 58.8k sf Foothill Crossing Shopping Center is located ...
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• December 9, 2003 - It Came From Out of the Sublease
12/09/03
Monster Cable Products Inc has made a major commitment to San Mateo County, signing one of the Peninsula market's largest leases of the year. The company, which manufactures high performance cables for computer, home, car and...
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• December 8, 2003 - Multi-Family, Multi Deals
12/08/03
On the Northern California residential front, Pulte Homes purchased a 65.3k sf industrial building at 1249 67th St on the Oakland/Emeryville border. The homebuilder paid $6.45 mil for the 2.84-acre property, which was bought ...
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• New San Francisco Office Tenant In Like Flynn
12/08/03
A series of late-year leases is giving San Francisco brokers hope for a brighter New Year. Though none of the deals is particularly large, the volume of deals slowly continues to move upward.
Among the more recent transactio...
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• December 5, 2003 - Bragg-ing Rights
12/05/03
The single largest development opportunity on the Northern California coast is going on the block early in 2004. Georgia Pacific Corp will begin marketing its 430-acre sawmill in Fort Bragg to developers as a potential site f...
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• December 4, 2003 - Cold Calling
12/04/03
A manufacturer of refrigerator magnets may need one of its products to post a notice to employees that the company is moving. MainStreet Sonoma, which also makes soaps, lotions and other personal gift items, signed a 5-year l...
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• Major Opportunities for Investors Ready to Sink Some Serious Money into Bay Area
12/03/03
Here's the scoop on a trio of major NoCal listings that hit the market in the past couple of weeks or so. The first property on the market to report is Opus Center, the 343k sf office tower at 225 West Santa Clara St in the h...
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