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• April 17, 2003 - Silicon Rally
4/17/03
Though Silicon Valley remains in a slump, three large lease transactions in recent weeks sparked hopes of better times to come. Together the deals -- in East Palo Alto, San Jose and Mountain View -- total some 330k sf
In Eas...
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• April 16, 2003 - Fostering Hope
4/16/03
Paul Andrews, a vice president with Colliers International completed two 7-year leases in Foster City totaling 30k+ sf. He represented the California Teachers Association in a deal for 20k sf at 333/343 Hatch Dr and Formation...
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• CB and BT Put Merger Talks on Hold
4/15/03
Just a few days after receiving word that CB Richard Ellis was in merger talks with Bay Area brokerage BT Commercial, we've been informed that the discussions have been suspended indefinitely. In our story, on April 10, we re...
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• YMCA Signs Healthy Marin County Deal
4/15/03
The Marin County branch of the San Francisco YMCA signed a 15-year lease for 11.7k sf at Hamilton Landing in Novato. The health club will be the fifth tenant to occupy Hangar 3, one of seven 57k sf converted WWII airplane han...
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• Santa Clara Campus Sells for $110 Mil
4/14/03
In Silicon Valley, Mission West Properties Inc acquired a 36-acre, seven-building office/R&D campus at the intersection of the San Tomas and Central expressways in Santa Clara. The complex, which adjoins NVIDIA's corporate he...
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• April 14, 2003 - Latest Deal at Gateway Commons is a Public Affair
4/14/03
A team from the Foster City office of CB Richard Ellis led by James Lees and Tim Grant completed a series of recent transactions, including three at Gateway Commons in South San Francisco and three in San Mateo. The deals tot...
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• April 11, 2003 - Positive Absorption! Is San Francisco on the Upswing at Last?
4/11/03
Statistics showing positive absorption suggest the San Francisco office market truly is turning around at last, according to the first quarter report by Colliers International. Though absorption for the quarter totals only 56...
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• April 10, 2003 - Bay Area Businesses Say Buy-Buy to Leasing
4/10/03
With both prices and interest rates at their lowest point in years, Bay Area businesses continue to buy properties for their own use, leaving the uncertainties of the rent market behind.
In San Francisco, Extra Space Storage...
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• CB Richard Ellis Eyes BT Commercial as Next Buy on Shopping Spree
4/10/03
It looks like CB Richard Ellis is not done beefing up their numbers in key markets in the country. CB's acquisition of Insignia/ESG is still a couple of months away from closing, yet we hear that the big brokerage firm is cur...
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• Insignia/ESG Boosts their NoCal Property Management Portfolio
4/09/03
For those of you who like to keep up with the competitive world of property management contract assignments, Insignia/ESG was awarded 1.6 msf in new Property Services business during the first quarter of 2003. New companies ...
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• San Francisco Development on Cruise Control
4/08/03
The San Francisco Port Commission unanimously approved a $246 mil project that calls for $114 mil in seismic and structural repairs to piers 30-32, construction of a 100k sf bi-level two-ship cruise terminal, up to 235k sf o...
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• April 7, 2003 - Corker of a Deal
4/07/03
The Solano County office of Colliers International recently completed three significant deals in Fairfield, including a 28k sf lease to a foreign manufacturer and two land sales totaling nearly 50 acres.
In the lease, Portug...
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• April 4, 2003 - Sound Mind, Sound Body
4/04/03
Two not-for-profit institutions signed leases south of San Francisco totaling about 70k sf. Catholic Healthcare West, which operates 42 hospitals in California, Nevada and Arizona, took 29.8k sf in a 360k sf building at 1825 ...
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• April 3, 2003 - Substitution
4/03/03
Though they both had a hard time, two high-profile software firms finally found subtenants for some of their excess space. Oracle Corp subleased 48.4k sf in Redwood City to Check Point Software, while Siebel Systems convinced...
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• Bay Area Deal gets AXT
4/02/03
AXT Inc, formerly known as American Xtal Technology, completed a sale and leaseback of its Fremont headquarters. The company, which designs, develops, manufactures and distributes high-performance compound semiconductor subst...
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• April 2, 2003 - PeopleSoft Pays Hard Cash
4/02/03
Under pressure from the Securities and Exchange Commission, PeopleSoft Inc activated an option in a synthetic lease it held on a portion of its Pleasanton headquarters, buying the 380k sf complex in Hacienda Business Park for...
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• April 1, 2003 - Car Dealer ZAPs Santa Rosa
4/01/03
A new round of owner-user purchases has sparked activity throughout the Bay Area, with building sales in markets as dispersed as Santa Rosa, Brentwood and San Francisco.
In a cashless transaction incorporating stock, convert...
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• Mountainous Debt
3/31/03
An ad hoc group attempting to secure a Healdsburg property for public use grabbed 258 acres of Fitch Mountain from under the noses of several residential developers. F.R.A.N.C.E.Z. LLC, led by local environmental attorney Edw...
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• March 28, 2003 - Dependable Choice
3/28/03
Two warehouse leases and one office deal totaling nearly 275k sf offer yet more evidence that Hayward continues to suffer less than the rest of the Bay Area from the current economic slowdown.
In the largest transaction, Dep...
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• March 27, 2003 - Phoenix Raising
3/27/03
The Sacramento office of Sperry Van Ness completed the acquisition of an 11.5k sf building at 1520 N. Lincoln St in Dixon for the John H. Olson Family LP. The price was $2.72 mil, or $236/sf. The relatively high figure, which...
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