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• July 11, 2002 - Church Bells Ring for Oakland Military Site
7/11/02
It's official. Following up on a story we posted on July 2, Greater St. Paul Baptist Church was declared the highest bidder for the former Oak Knoll Naval Hospital in Oakland, with a purchase offer of $22.5 mil. The 174-acre ...
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• July 11, 2002 - Flooding the Market
7/11/02
A major mixed-use project has been proposed for downtown San Jose. San Jose Land Co, the real estate arm of the corporation that owns the San Jose Water Co, has filed an application with the city and its redevelopment agency ...
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• July 10, 2002 - Legal Action Brings Favorable Results for Equity Office Properties
7/10/02
In 1998 with San Francisco rents escalating to sky-high levels, a law firm that had been in the city for half a century reluctantly chanced moving across the bay to Emeryville. Four years later, it has opted to meet its expan...
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• July 9, 2002 - Palm Shoots New Fronds
7/09/02
In the largest office/R&D lease action in Silicon Valley so far this year, Palm Inc subleased nearly 250k sf in two separate deals. The Santa Clara-based handheld computer manufacturer relieved Cisco Sytems Inc of 153.3k sf a...
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• Shorenstein Draws Pair of Kings
7/08/02
Slowly but surely Shorenstein Company is moving closer to getting 555 City Center, the 21-story, 480k sf high-rise completed this past spring, leased up. Located directly above the 12th St BART station and only about five blo...
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• July 5, 2002 - Biotech Boost
7/05/02
A report from the Economic Development Alliance for Business, the Bay Area Bioscience Center and Alameda, Contra Costa and Solano counties reveals the three counties are home to 164 biotech companies, with both the number of ...
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• July 5, 2002 - Absorbing the Truth
7/05/02
Though the 2nd quarter report from Grubb & Ellis says the San Francisco office market is showing signs the two-year slide may be coming to an end, the claim may be little more than wishful thinking. The fact is, virtually eve...
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• July 3, 2002 - Vintage Transaction
7/03/02
An end-of-July closing is anticipated for the sale of the 200-acre Concannon Vineyard at 4590 Tesla Rd in Livermore to the San Francisco-based Wine Group. Founded in 1883, Concannon is one of the oldest wineries in the U.S. T...
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• Former Naval Hospital Receives Healthy Bids
7/02/02
The price jumped $4 mil in the final 11 minutes of bidding for the former Oak Knoll Naval Hospital site in the Oakland Hills, hitting $21 mil by official closing time on Thursday June 27. However, a so-called rollover process...
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• June 28, 2002 - Colliers Gets Spec Project Leasing Assignment
6/28/02
The Pleasanton office of Colliers International has won the sale and leasing assignment for the new Sand Creek Business Center in Brentwood, a rapidly growing community in eastern Contra Costa County near the edge of the Cent...
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• Orion Singing Marin the Money
6/27/02
Two broker teams from Orion Partners Ltd completed a lease for 27.7k sf at 950 Northgate Dr in San Rafael, a very large deal by current Marin County standards. In the best of times, a very large Marin lease usually means 100k...
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• New Tenants Start to Fill Up Basin Street Development
6/26/02
Basin Street Properties has landed two more tenants at the 194k sf Oak Valley Business Park in Santa Rosa. The new lease signatories are Fidelity National Home Warranty and Q Matrix Inc. The Petaluma-based developer has lease...
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• June 25, 2002 - Wine Grower Pulls Out A Plum
6/25/02
Silverado Premium Properties, a Napa-based company that owns hundreds of acres of vineyards in Napa and Sonoma counties, paid $13.25 mil to purchase the 350-acre Spaich Brothers Ranch east of Windsor. It intends to plant more...
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• Bay Area Computer Dump
6/24/02
Whether the Hewlett Packard/Compaq merger turns out to be beneficial for the two companies remains to be seen, but there's no question it will have a negative impact on the real estate market. Officials of the reconfigured co...
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• June 21, 2002 - School Spirit Lacking
6/21/02
San Francisco clothing company Esprit de Corp has put its 900 Minnesota St. campus back on the market following the Bay School's decision to back out of its agreement to buy the 107.1k sf property for $15 mil. The newly forme...
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• Developers Offer to Take a Bite Out of Oakland's Crime-Fighting Space Needs
6/20/02
As soon as it became known that the Oakland Police Department would probably not be allowed to relocate to the former Oakland Army Base during a proposed overhaul of the department's existing headquarters at Broadway and 7th ...
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• June 20, 2002 - Going Once, Going Twice, It's Leased!
6/20/02
Bay Area commercial real estate brokers may find the going getting even tougher. eBay Inc, the web's largest online auction site, has added office space to its list of biddable items. The company has teamed with Regus Busines...
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• June 18, 2002 - Uptown Uptick
6/18/02
Two neighboring historic buildings in Oakland's Uptown district may get significant new noncommercial tenants. According to East Bay Business Times, Bay Area Rapid Transit is in discussion to move to the former Emporium depar...
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• June 18, 2002 - Buy-o-tech -- Montgomery Realty Selling SSF Project Site
6/18/02
Montgomery Realty Group Inc entered a preliminary binding agreement to sell its Eccles Project acreage in South San Francisco for $12 mil ($37/sf), payable in cash at closing. After an initial 90-day property review period, t...
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• June 17 - Home is Where the Market is
6/17/02
Bay Area developers continue to pursue attempts to substitute housing for all or parts of office projects approved during the dot-com boom. In one recent spate of reconsiderations, backers of three projects in Petaluma have d...
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