Commercial Development
In San Jose, 45 Means Historic
October 31, 2007
In the city of San Jose, once a building has reached forty-five years of age, then the structure is branded a historic resource. For developers, this rule can present a problem which takes significant monies and time to remedy, either reworking plans to reincorporate the structure or jumping through the hoops needed to get permission [...]
Read More >>Speculative Building in San Francisco Returns in a Big Way
October 31, 2007
For seven years, vacancy and rental rates in San Francisco made it economically infeasible for developers to build new office buildings. With rents up, vacancy rates down, and large blocks of space hard to find, speculative building has returned to San Francisco.
There is currently approximately 2M square feet of office space under construction in San [...]
San Jose’s Green Vision Plan - Build/Retrofit 50M Square Feet by 2015
October 15, 2007
As part of San Jose Mayor Chuck Reed’s “Green Vision” Plan, the city has laid out a set of 10 goals it looks to achieve in 15-years time. One of those goals is the development or rehab of 50M square feet of commercial structurs in 15-years. A lofty goal for sure, and one that may [...]
Read More >>San Jose Housing Development Still Hot; Oakland Not
October 8, 2007
As the city of San Jose gives the go-ahead and developers push on with residential projects in San Jose, Oakland is beginning to see constructions halts and plans being shelved.
The Olson Co. has halted construction on its 252 Unit, 7-Story CityWalk project in Oakland about half-way through construction. According to a BizJournal article, the developer [...]
Opus West Finishing Up Sierra Point in Brisbane
August 30, 2007
Opus West has decided to rekindle development at its Sierra Point office campus in Brisbane. Opus is planning to break ground on the 450,000 SF office buildings early next year. The project will consist of a 10-story 250,000 SF tower in addition to a 8-story 200,000 SF tower. These two buildings will finish off the [...]
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