Market Data
Thanks Solyndra
November 4, 2010
Tweet For taking $550M of our money (in the form of loan guarantees) and using it to expand like crazy when the price of your product is probably going to get cut in half in a matter of a year. Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., [...]
Read More >>Prudential US Quarterly Update on Commercial Real Estate
July 29, 2010
Tweet Prudential is out with its quarterly update on US CRE. Values have increased (in some cases dramatically), capital markets are opening up, and volume is gaining. All is great, except the fundamentals are still broken; job growth is anemic. Report embedded below. US Q July 2010_ PRU
Read More >>AOL Takes Down 395 Page Mill Road
July 22, 2010
Tweet AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the [...]
Read More >>Wal-Mart Scoping Former Mervyn’s Spaces in Southern California
May 10, 2010
Tweet Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF. The company is also testing even smaller-format 10-20K sites in various parts of the country. The decision to “downsize” in in-fill [...]
Read More >>San Jose Update
March 1, 2010
Tweet The Redevelopment Agency has issued its monthly report and while activity at downtown San Jose condos seems to be improving, sales continue to be extremely slow: 360 Residences – 0/213 Units Closed Escrow (but they are getting a Subway on the ground floor!) Axis – 86/329U Closed Escrow City Heights – 95/124 Units Closed [...]
Read More >>Dimon: California Larger Risk Than Greece
February 28, 2010
Tweet Jamie Dimon, the chief of JP Morgan Chase has indicated that California poses a larger risk than Greece. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest of the United States, had problems making debt repayments. Dimon isn’t [...]
Read More >>Moodys’ Commercial Property Price Index Increases 4.1% In December
February 22, 2010
Tweet Moody’s CPPI registered another gain for December. The index rose by 4.1% in December, following a 1% increase in November, marking the second consecutive month of increases. Despite transaction volumes up dramatically over previous lows, and prices beginning to rise, Moody’s remains cautious on the future, citing in its report that “it would be [...]
Read More >>AvalonBay Resuming Apartment Construction
February 18, 2010
Tweet After nearly a year of halting new construction, AvalonBay has resumed apartment construction. The company has plans to construct some $400M of new apartment product as the company and others begin to wager that jobs will return and apartment vacancy rates will plummet. AvalonBay, based in Alexandria, Virginia, is putting shovels in the ground [...]
Read More >>2010 Silicon Valley Index Released
February 17, 2010
Tweet Joint Venture Silicon Valley Network has released its comprehensive Silicon Valley Index for 2010. The 76-page report covers everything Silicon Valley, from governance, to economy and society. The full report can be downloaded from here. We’ll also link to it from our link bar. [via Joint Venture]
Read More >>Green Street Advisors: CRE Prices Up 10%
February 8, 2010
Tweet According to the Green Street Advisors Commercial Property Price Index (original name), prices are up 1% in January, and now up 10% off the bottom reached in May of 2009. The GSA’s index is based on prices for transactions which have not yet closed yet, as opposed to Moody’s which reflects closed transactions. This [...]
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