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• October 28, 2002 - Tenant Found for Foundry
10/27/02
Wilson Equity, the partnership between the locally based William Wilson & Associates and Chicago's Equity Office Properties, finally landed a major tenant at Foundry Square II, a 502.2k sf building nearing completion at 2nd a...
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• Blackstone and Glenborough Shopping SF's Rincon Center
10/25/02
Here's news about a couple of major property listings with Bay Area ties. One of the listings is for a large mixed-use property in San Francisco, offered up by a Blackstone Group partnership, and the other listing is for an 1...
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• October 24, 2002 - Historic Sale
10/24/02
The Computer History Museum computed a little history of its own with its recent purchase of a 119k sf building on 7.5 acres at 1401 Shoreline Blvd in Mountain View. The museum paid $24.4 mil, or $205/sf, for the eight-year-o...
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• October 23, 2002 - Ferry Successful Negotiation
10/23/02
Confirmation is lacking, but the San Francisco Business Times says Wilson Meany, master developer for the $80 mil renovation of San Francisco's Ferry Building, has signed letters of intent with real estate law firm Coblentz, ...
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• October 22, 2002 - Orion Shines in North Bay Transactions
10/22/02
Orion Partners Ltd. completed six office deals in Marin and Sonoma counties totaling nearly 52k sf. Orion double-sided all but one.
In Marin, Haden Ongaro handled both sides of a lease by Hall Kinion Associates for 17.5k sf ...
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• Lend Lease/PwC Studies Predict Slow Turnaround for SF
10/21/02
An annual study by Lend Lease Real Estate Investments and PricewaterhouseCoopers predicts the weak economy and its related effects will soften the U.S. commercial real estate markets for at least another year but says the Bay...
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• CarrAmerica Drives into 90k sf Palo Alto Office Complex
10/21/02
CarrAmerica Realty Corp acquired two, two-story, Class A office buildings totaling 89.6k sf at 3075 Hansen Way in Palo Alto. The acquisition, which includes a long-term ground lease, reportedly cost $31 mil ($346/sf).
The re...
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• October 18, 2002 - Washington Mutual Evolves Into Emeryville
10/18/02
Hard-pressed Emeryville, with an office vacancy level of about 30%, got a boost from one tenant and a bust from another.
On the plus side, Washington Mutual Bank signed on for 35.4k sf of office space at EmeryTech, 1 210k sf...
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• October 17, 2002 - Simeon Resigns Signature in Richmond
10/17/02
Richmond, which is doing comparatively well in terms of commercial real estate but continues to suffer economically from high levels of poverty, received welcome word that Signature BioScience signed a three-year extension of...
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• October 16, 2002 - Solar Depot Moves Up the Tracks
10/16/02
With the recent power crisis spurring sales to more than $15 mil in the past two years, Solar Depot Inc, a wholesaler and integrator of solar energy systems, has decided to relocate its headquarters from Marin County to a 25....
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• October 15, 2002 - Colliers' McManus Completes 346k sf of Deals in September
10/15/02
John McManus, a director in the Oakland office of Cushman & Wakefield, completed two transactions in September. He represented HSQ Technology in a lease with Equity Office Properties in Hayward and Iron Mountain in the purcha...
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• October 14, 2002 - Sonoma Developer Trusts Westwind Will Blow in Tenants and Buyers
10/14/02
Sonoma County vacancies may be rising, but not all developers are concerned. The locally based developer of the 88-acre Westwind Business Park in Santa Rosa is grading the half of the park that remains undeveloped and prepari...
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• October 11, 2002 - CB Team Scores Five in San Mateo
10/11/02
The Lees-Grant Team at CB Richard Ellis in Foster City recently completed five lease transactions at two buildings in San Mateo. For those SoCal folks not that familiar with the city, San Mateo is located about 15 miles south...
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• October 11, 2002 - Coasting to a Record
10/11/02
In the largest East Bay warehouse lease transaction so far this year, Coaster Company of America has just taken down a 269k sf state-of-the-art facility at 6753 Mowry Ave in Newark. The deal has a total value of more than $6 ...
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• Not-So-Commons $17 Mil Office Sale in Sacramento
10/10/02
DRA Advisors, a NY-based pension fund advisory firm, paid $17 mil for University Park, a garden-style, suburban office park at 100 Howe Ave in Sacramento. Located in the upscale Campus Commons section of the city, University ...
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• Colliers International Trio Join Up with Cushman & Wakefield
10/09/02
Cushman & Wakefield has lured away the three founders of Colliers International's Investment Services Group. Former Colliers Senior VPs George Eckard and Pat Flanagan and VP Chris Wight have left the Colliers office in San Fr...
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• October 8, 2002 - Peninsula Project Rejected
10/08/02
In a surprise decision, the East Palo Alto City Council rejected the proposal to build the $60 mil University Palms office-retail complex along University Avenue near Highway 101. Palo Alto land-use attorney Owen Byrd and arc...
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• Livermore Bullish on Business
10/07/02
The Livermore City Council recently approved a package of programs to attract new businesses and hold on to existing ones. Among the programs is establishment of business attraction and business retention/expansion teams and ...
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• October 3, 2002 - Is San Francisco Closing Its Golden Glut?
10/03/02
It's time for quarterly reports, and as expected the news for San Francisco remains grim, though there are positive signs. Average asking rent in the city fell to $26.29/sf/yr in the 3rd quarter, according to Julien J. Studle...
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• Church Bottles Up Former 7-Up Facility in Santa Clara
10/01/02
A 135k sf bottling/distribution center, formerly used by 7-Up, was purchased by The River of Life Christian Church. Located in an industrial-zoned neighborhood, the property is at 1177 Laurelwood Rd, adjacent to the 101 Fwy, ...
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