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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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• March 27, 2003 - Giving the Devil His Due
3/27/03
In one of the largest Bay Area office sales in the past six months, the San Francisco Chronicle reports that KBS Realty of Newport Beach picked up the 317k sf Mt. Diablo Plaza in Walnut Creek for $60 mil. The seller was MetLi...
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• Livermore Development Adds Advanced Doorways
3/26/03
Brokers from the Pleasanton office of Colliers International recently completed one sale, one direct lease and one sublease in the Tri-Valley market.
Representing seller Pacific Union Commercial Development, Dan Bergen and M...
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• March 25, 2003 - New Notches in Orion's Belt
3/25/03
Haden Ongaro of Orion Partners completed two North Bay leases totaling more than 100k sf and a related sale totaling 78k sf. In the leases, Labcon North America took down 78k sf at 3700 Lakeville Hwy in Petaluma, while Redwoo...
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• March 24, 2003 - Phoenix Raising
3/24/03
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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• March 21, 2003 - Safe and Secure
3/21/03
TMG Partners signed a new tenant to The Landmark at One Market in the San Francisco Financial District. Simpson Gumpertz & Heger, a structural engineering firm that designs, investigates and retrofits all types of buildings a...
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• March 20, 2003 - Shorenstein's Loss Is Shorenstein's Gain
3/20/03
San Francisco's largest commercial landlord came out on top but San Francisco came out on the bottom in a new lease by Matson Navigation Co. The shipping company, which has been headquartered in the city since 1882, has decid...
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• March 19, 2003 - Bottoms Up!
3/19/03
The bottom is near. Or so says BT Commercial in a Bay Area forecast for 2003. According to the report, As the national and international economy improves and job growth resumes, the Bay Area can expect to demonstrate typica...
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• Summit Completes Healthy $100 Mil Investment in Kaiser
3/18/03
A landmark Oakland property has changed hands, as El Segundo-based Summit Commercial Properties closed on the 1 msf Kaiser Center, in a complex $100 mil transaction that took nearly a year to conclude. The focal point of the ...
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• March 17, 2003 - Cottage Industry
3/17/03
John H. Olson Family Limited Trust sold Cottage Square Apartments in Sacramento to private investor Alegria Hipalito for $1.73 mil. Carl Greenhalgh and Walter Helm of Sperry Van Ness represented the trust, while Escober repre...
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