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February 21, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• San Bruno Retail Center to Undergo Major Redevelopment
10/09/01
Wattson Breevast has announced a spring 2002 groundbreaking of a $105 mil redevelopment of Tanforan Park Shopping Center, in San Bruno. The major undertaking will transform the 965k sf complex into a 1.1 msf upscale retail ce...
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• October 5, 2001 - Growth Hangs Up on Telecom Valley
10/05/01
The loss of some 2,500 jobs has turned Telecom Valley boosters from high-flying optimists to earthbound realists in a mere six months. Until recently, the 101 corridor from Novato to Rohnert Park had experienced little but gr...
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• October 3, 2001 - Third Quarter is Not the Charm as San Francisco Endures Worst Period Ever
10/03/01
Nobody expected good news, but the third quarter report from Grubb & Ellis on the San Francisco office market is even more disheartening than anticipated. According to the bleak document, the city experienced its worst quarte...
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• October 1, 2001 - Smaller Deals Keep Silicon Valley Market Alive
10/01/01
Though the Silicon Valley investment market is far from sizzling, a number of sales have occurred, generally involving smaller, multi-tenant properties that tend to do well even in tough economic times. For example, Burlingam...
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• Opus a Winner at Marathon
9/28/01
In the East Bay community of Livermore, development of the 316.3k sf Marathon Business Center is moving along according to plan, as developer Opus West Corporation is ready to tilt-up the walls on the third and fourth buildin...
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• September 26, 2001 - Hayward Not Wayward
9/26/01
Against the odds, Hayward has managed to hold its own in the current falling market. Comparatively low rents ($0.75-$0.95/sf/mo for industrial space) undoubtedly has something to do with it. Companies are looking for ways to ...
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• September 21, 2001 - Catellus Joins Forces With AEW in $295 Mil Mixed-Use Development at Mission Bay
9/21/01
Catellus Development Corp has signed an agreement that has the San Francisco company renting from itself. Well, actually it's not Catellus itself that is renting but rather a joint venture between the developer and AEW Capita...
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• Is Gene Acres the Place to Be?
9/19/01
The notion of biotech as the savior for the failing Bay Area real estate market was trotted out again in an article in the San Francisco Chronicle that has been posted on a surprising number of business websites. The article ...
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• The Port Is Beginning To Taste Good To Oakland
9/15/01
Things are perking at the Port of Oakland. Earlier this month, the Port Commission selected a developer for a $500 mil project along the waterfront from Oak to Ninth streets and approved the sale of 2.6 acres in the Oakland B...
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• Sunnyvale Office Complex Fetches $21 Mil
9/14/01
Investors are still finding attractive opportunities throughout Silicon Valley, as evidenced by this trio of recent transactions. We'll start in Sunnyvale, where Baltimore-based Dollinger Properties purchased a five-building,...
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• Sparkle at Emerald Glen Park Turns into a Twinkle
9/12/01
Less than a half year ago, the Alameda County Surplus Land Authority was celebrating its success in attracting several large tech companies to its Emerald Glen business park in Dublin. Sybase, Commerce One, Oracle, Cisco Syst...
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• September 7, 2001 - Investors Hope to Take Advantage of Bay Area Woes
9/07/01
Tenants are not the only ones to benefit from the current downturn. A small group of businesses and investors have also benefited as property prices drop in sync with declining rents. The group is small for the simple reason ...
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• September 5, 2001 - Colliers and Starboard Say Bottom in Sight for San Francisco
9/05/01
Though it's somewhat a minority viewpoint, at least two real estate brokerage firms believe the worst is over for San Francisco. Or rather almost over. Both Colliers International and Starboard Commercial see signs of bottomi...
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• August 31, 2001 - Record Petaluma Land Sale
8/31/01
The developer of the 20-acre Park Central mixed-use project in Petaluma has sold 8.34 acres to Atlanta-based Trammell Crow Residential for $9.15 mil. The $25.18/sf purchase price is the highest ever paid in the Sonoma County ...
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• August 29, 2001 - San Francisco Industrial Market Holding Its Own
8/29/01
At least one area of San Francisco has maintained a reasonably high level of leasing activity. According to Scott Mason, a principal with HC&M Commercial Properties Inc, the Bayshore industrial area continues to attract tenan...
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• Insignia/ESG and Colliers Seeley Pros Marketing Bay Area Office Properties
8/24/01
A few recent office property listings in the Bay Area caught our eye, and we thought we'd pass them on to you. In one, the Insignia/ESG Capital Advisors Group team of David Doupe and Larry Krasner has been retained to market ...
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• August 24, 2001 - Bay Area Decline Produces Winners as Well as Losers
8/24/01
The pink slips keep coming. Companies throughout the Bay Area continue to downsize, making it less and less likely we'll see any kind of turnaround any earlier than next spring -- and possibly, even probably, much later than ...
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• August 22, 2001 - San Francisco Observers Say
8/22/01
Can it be true? According to the San Francisco Business Times, the 46.7k sf lease law firm Covington & Burling signed at One Front St in San Francisco is the second largest deal in the city this year, the largest being Epicen...
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• August 17, 2001 - Industrial Strength City - Oakland Industrial Market Maintains Vigor
8/17/01
Though most Bay Area markets are struggling, the Oakland industrial market appears to be faring quite well, judging by two recent transactions involving the Oakland office of Colliers International. In the first, Norm Eggen o...
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• The Force is With Lucas as He Reaches Agreement With Presidio
8/15/01
The military's large-scale abandonment of the Bay Area (nine bases were closed) opened up some pretty impressive development opportunities, which are finally moving toward action. In San Francisco, the Presidio Trust reached ...
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