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February 21, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• August 10, 2001 - Corporate Moves Add Bustle to Southern Alameda County
8/10/01
Southern Alameda County has been buzzing with a fair amount of corporate activity of late – mostly, but not entirely, positive. Under the not-so-positive category is the decision by Asyst Technologies Inc to table plans for a...
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• August 8, 2001 - Richmond Gets Justice
8/08/01
San Rafael's Wareham Property Group has found a tenant to take over the 68k sf of flex space that Pixar Animation Studios relinquished earlier this year when it moved into its new headquarters campus in Emeryville. The new te...
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• August 3, 2001 - Colliers Lands Major Leasing Contracts
8/03/01
A major REIT and a Northern California developer have handed major leasing assignments to various offices of Colliers International. Chicago-based RREEF awarded the Fairfield and Walnut Creek offices of Colliers a portfolio t...
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• August 2, 2001 - Sun Sells, Cisco Buys
8/02/01
Two of Silicon Valley's biggest companies have taken divergent routes regarding ownership of some properties. Sun Microsystems Inc, which took its first loss in several years in the second quarter of 2001, has put its former ...
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• New Proposals for San Francisco Waterfront
7/27/01
San Francisco's Dogpatch district between Potrero Hill and the waterfront may soon become the city's next development frontier. Two development teams recently submitted proposals for projects within what the port calls the Pi...
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• July 25, 2001 - Party Like It's 1999
7/25/01
Judging by current rents in San Francisco's South-of-Market district (SOMA), last year might just as well not have happened. We could have stayed in the 20th century and skipped the Internet revolution altogether. As a recen...
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• Bay Area Office Market Briefs
7/24/01
We'll lead off this report with news of a big office building that is reportedly being put on the market, as Atlanta-based TMW Group is said to be testing demand for their 512k sf office tower at 333 Bush St, in San Francisco...
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• July 20, 2001 - Silicon Valley Statistics Do Not Compute: Vacancies Pass 10%
7/20/01
Though it can hardly be termed a surprise, a second-quarter report from CPS Commercial Property Services reveals a substantial rise in Silicon Valley R&D vacancies and an even more substantial decline in rents. The brokerage ...
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• Lease Turns Over Two Properties to Big Services Company
7/19/01
Jones Lang LaSalle, one of the biggest real estate services firms in the world, was awarded management contracts for two Lend Lease office properties, with over 400k sf of space between them, in the Bay Area. The properties a...
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• July 18, 2001 - New Project Pumping Up San Leandro Office Inventory
7/18/01
When discussing Bay Area office markets, San Leandro rarely crops up. It's made its mark in the industrial and, to a lesser extent, retail arenas. But of late the small city, wedged between Oakland and Hayward, has begun to m...
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• July 13, 2001 - San Francisco Rents Return to '99 Levels
7/13/01
A full-floor lease signed at 50 California St in San Francisco reveals rents have dropped by 50% from a year ago. According to the San Francisco Business Times, Huntsman Architectural Group is paying only $42/sf/yr for 189k s...
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• Developers Plan for a Booming Downtown Livermore
7/11/01
The developers of a proposed 63k sf office complex in downtown Livermore have agreed to postpone construction until they complete a 12-screen cinema planned for the same site. According to the Tri-Valley Herald, Livermore arc...
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• Construction in a Good Rhythm at Santana Row
7/10/01
Construction is well underway at Santana Row, Maryland-based Federal Realty Trust's mammoth project, which they describe as a “one-of-a-kind mixed-use neighborhood,” at the intersection of Steven's Creek Blvd and Winchester B...
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• July 6, 2001 - Sonoma County Uncorks the Entitlement Bottle
7/06/01
Local governments had good news last month for developers of two Sonoma County projects. A 5-0 vote by the Cotati City Council finally cleared the way for Monahan Pacific Development Corp to begin site work on the 51-acre mul...
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• July 5, 2001 - New Proposal for Controversial Downtown Oakland Site
7/05/01
Plans for what would be Oakland's tallest building have been scuttled - at least temporarily, though probably for good - but developers continue to come forward with new proposals, despite a softening market. The most recent ...
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• TMG Finishing Up 64k sf Office/R&D Renovation Project
7/02/01
TMG Partners (the Bay Area developer formerly known as The Martin Group) is wrapping up renovation work on 145 South Hill Drive, a 64k sf office/R&D building in Brisbane. The property is located south of Guadalupe Canyon Pkwy...
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• June 29, 2001 - Silicon Valley Continues Downward Course
6/29/01
The fortunes of Silicon Valley continue to spiral downward, as exemplified by the recent return to market of more than 600k sf of space by just two companies. In Mountain View, Silicon Graphics Inc has begun a 15% workforce r...
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• New San Jose Tower Nearing Completion
6/28/01
Here's an update on a major new office tower being built in the heart of Downtown San Jose, as Phoenix-based Opus West Corp is nearing completion of Opus Center, a 15-story, 365k sf Class A office tower at 225 W. Santa Clara ...
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• June 27, 2001 - Marin Rents Still Strong, Despite 500k sf for Sublease
6/27/01
More than 500k sf of sublease office space has hit the market in Marin County over the past three months, according to Orion Partners Ltd. The amount is small potatoes compared to what's available in San Francisco, but it con...
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• June 22, 2001 - SF Landlords Give In, Start Offering Concessions
6/22/01
Give 'em an inch, they'll take a mile. That's how San Francisco landlords are feeling about tenants these days. After a period of giving new tenants almost nothing but an empty shell, property owners once again are making maj...
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