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June 16, 2025
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NORTHERN CALIFORNIA NEWS
Archive
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• April 9, 2002 - Advantage Gains Advantage in Livermore
4/09/02
More Bay Area companies are shrinking rather than growing these days, but for the few that are in expansion mode, the real estate market could hardly be more accommodating, as Advantage Metal Products found out recently, with...
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• April 8, 2002 - Grubb & Ellis Shows Optimism in Face of Ongoing SF Office Slump
4/08/02
It's been said before and not been true, but maybe this time it will be. “The bottom of the market may now be in sight,” says Colin Yasukochi, research director for Grubb & Ellis in San Francisco, in the firm's 1st Quarter re...
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• April 6, 2002 - Sun Withdrawal Clouds Future for San Francisco Project
4/06/02
Yet another high-profile Bay Area company has pulled out of a major lease, leaving the developer with a substantial amount of cash but no tenant. Following the recent announced availability of Gap's space via sublease at Cate...
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• Kaiser Cements Daly City Deal
4/05/02
Kaiser Permanente completed its lease agreement with King Asset Management for Serramonte Corporate Center, a 7-story, 160k sf building at 395 Hickey Blvd in Daly City. The Oakland-based health-care company will use the prope...
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• April 4, 2002 - Esprit de Poor - Downsizing Clothier Finds Buyer for San Francisco HQ Property
4/03/02
Things aren't quite sewn up, but the struggling Esprit de Corp clothing company appears to have found a buyer for its headquarters complex at 900 Minnesota St in San Francisco. The Bay School of San Francisco, a newly formed ...
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• This Silicon Valley Asset Still Has Value
4/02/02
We have a correction from our initial report a few days ago that mistakenly said Westfield sold this mall. We've been told the seller of the Westgate West Shopping Center was Foster Group Partnership and they got roughly $36 ...
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• March 29, 2002 - Skyport's the Limit
3/29/02
Equity Office has achieved 90 percent occupancy in Phase I of Skyport Plaza, a 38-acre mixed-use project at Technology and Skyport Drives in San Jose. Only two 24k sf suites remain vacant in the three 8-story, 185k sf buildin...
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• March 28, 2002 - San Jose Won't Play the Palladium
3/28/02
Barely a week after the San Jose Redevelopment Agency unveiled plans to double the size of a $1 bil downtown redevelopment project, the developer who had instigated the expansion announced its intention to withdraw from the p...
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• March 27, 2002 - AT&T Reaches Out in Marin
3/27/02
A 12-year lease by AT&T Broadband has spurred San Francisco's Barker Pacific Group to initiate development of a 100k sf office building at Hamilton Landing in Novato. The telecom company is the first Fortune 500 company to lo...
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• March 26, 2002 - Developers Prepare Early for Bay Area Turnaround
3/26/02
Though the Bay Area market does not appear ready to turn upward in the immediate future, some Bay Area developers are taking advantage of the current meltdown to position themselves for a quick start once it does. In San Fra...
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• CB Helps WHLW Sell to SSR for AFL-CIO
3/25/02
SSR Realty Advisors, a subsidiary of MetLife has acquired Marin Executive Center, located at 4000 Civic Center Dr in San Rafael, on behalf of the AFL-CIO Building Investment Trust (BIT). The five-story 133k sf Class A office...
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• March 22, 2002 - More Bite Than BART
3/23/02
The California Transportation Commission handed good news to property owners in the vicinity of Oakland's Network Associates Coliseum with the announcement of plans for a new multimodal transit center at the Coliseum BART sta...
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• Vintage Deals for Storage Facility Owners in North Bay Area
3/22/02
Due to the growing number of wineries in Napa and Sonoma counties, many North Bay vintners have had to go as far as the Central Valley to find places to store their wines. But several companies are stepping forward to rectify...
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• Biotech Growth Continues Unabated
3/21/02
Biotech continues its Bay Area expansion, with two more announcements of new facilities. In the first, Alameda-based Genteric Inc has relocated its corporate and research operations to a new 32k sf building developed for it b...
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• Tenant Subleases Undercut Landlords
3/21/02
Tenants continue to benefit from a strong Bay Area sublease market, as faltering firms offer space at rates that undercut their landlords. In one of the most recent deals, Zurich Scudder Investments, an international investme...
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• DDR Shops at Burnham
3/19/02
Developers Diversified Realty (DDR), the Cleveland-based national retail REIT, picked up a pair of shopping centers from Burnham Pacific Properties, the San Diego REIT currently in the process of liquidation. DDR paid $65 mil...
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• March 13, 2002 - Alcatel Can Tell It Has Too Much Space in Petaluma
3/13/02
Sonoma County has another 67k sf of sublease space to absorb. According to North Bay Business Journal, Alcatel USA has decided to close down most operations in a four-story building in Petaluma's Redwood Business Park as part...
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• March 12, 2002 - Leveling Out
3/11/02
Another prominent San Francisco developer has agreed to terminate a large lease for one of its high-profile projects. A few weeks ago, Shorenstein Co LP allowed Ask Jeeves to back out of its commitment for 159k sf in a new to...
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• March 11, 2002 - Dang It! -- Oakland Sells Property to Former Mayoral Candidate
3/10/02
An investment and development partnership headed by a former Oakland mayoral candidate has purchased the Park Plaza Building, an 81.2k sf building at 1939 Harrison Street in downtown Oakland, from the City of Oakland. Park Pl...
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• March 8, 2002 - San Fran-sicko - Health of City's Office Market Still in Decline
3/08/02
San Francisco office rents continue their decline, according to recent surveys from Starboard Commercial Real Estate. The firm's February 25 Availability and Vacancy Analysis shows the overall average annual rent for the comb...
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