Quantcast

Notable Deals

Cortina Systems’ Sunnyvale Deal

December 21, 2009

Tweet Back in the summer Wrightwood Capital foreclosed on Bordeaux Centre, the 2-building ~124,000 SF newly constructed project in Moffett Park. Since taking it back, they’ve leased one of the buildings to Cortina Systems. Last week we blogged about the Moffett Towers deal signed with Rambus. Since then, we’ve received some comments on the post, as […]

Read More >>

7 Banks Go Down Today; 2 In California

December 18, 2009

Tweet Another Friday, another few banks taken over by the FDIC. Today’s list…. First Federal Bank of California, Santa Monica, CA Imperial Capital Bank, La Jolla, CA Independent Bankers Bank, Springfield, IL New South Federal Savings Bank, Irondale, AL Citizens State Bank, New Baltimore, MI Peoples First Community Bank, Panama City, FL RockBridge Commercial Bank, […]

Read More >>

Moffett Towers Lands Rambus For 125K SF

December 18, 2009

Tweet It took a few years, but Moffett Towers has landed a tenant (ht Phil). Rambus (RMBS: 12.49 +0.89%) has become the guinea pig.  It signed a lease for 125,000 square feet on December 15th. The 10-year term begins around July 2010 once its tenant improvements are completed. The space will be delivered turnkey. They […]

Read More >>

4 New York Plaza Trading at $99/PSF with 15-Year Leaseback From JPM

December 17, 2009

Tweet JP Morgan Chase is in contract to sell 4 New York Plaza. The 23-story, 1.1 million square foot building is undoubtedly not the best looking asset, but it is trading at $99/psf. And….JPM is reportedly leasing back 75% of the building for 15-years to boot! This is an example of where values are if […]

Read More >>

More News About Morgan Stanley’s SF Woes

December 17, 2009

Tweet We previously discussed the hand back of the keys by Morgan Stanley on some of their SF assets (here and here), but Bloomberg is now out with an article. Not much new, but now Bloomberg lends some credibility. The San Francisco transfer would mark the second real estate deal to unravel this year for […]

Read More >>

Facebook Expands in Palo Alto; Subleases 265K Square Feet

December 15, 2009

Tweet It was only matter of time, but Facebook has made the decision to expand again. This time, Facebook has struck a deal for the 265,000 square foot, 3-building facility at 1050 Page Mill Road. About 14 months ago, Facebook leased 137,000 square feet at 1601 California Avenue. The sublease from Beckman Coulter consists of […]

Read More >>

Fairfield Files Chapter 11; San Jose Projects In Limbo

December 15, 2009

Tweet One of the largest developer and owners of apartment communities, Fairfield filed for Chapter 11 on Sunday. Two of Fairfield’s biggest lenders were Wells Fargo and Capmark. Fairfield has two development projects in San Jose it had been working on, but no word on what the outcome will be following the BK. The two […]

Read More >>

State of California Offloading Buildings To Fill Budget Shortfalls – What A Disaster

December 11, 2009

Tweet As economic pressures mount, the The State of California has retained CB Richard Ellis to sell off 17 of our buildings. The portfolio represents around 8 million square feet. The buildings include the Elihu M Harris building in Oakland, the Earl Warren building in San Francisco, and the PUC building in San Francisco. I’m […]

Read More >>

Morgan Stanley Handing Back 1.2M Square Feet of SF Assets

December 9, 2009

Tweet As we indicated last month, Morgan Stanley is handing back the keys on billions of dollars worth (former worth, that is) of Class A San Francisco property. The properties are going back to the mezzanine lender, AREA Property Partners. The question now is what is AREA going to do with the assets considering that […]

Read More >>

Simon Property Group Snaps Up Prime Outlets For $2.3B

December 8, 2009

Tweet Simon Property Group (SPG: 170.76 +0.07%) has purchased outlet owner and operator Prime Outlets for $2.33B. Big news, except the company paid 80% of the price in cash, and the rest in partnership units, plus assumption of debt. The deal gives Indianapolis-based Simon Property an additional 22 retail outlet centers, increasing its total to […]

Read More >>
Page 3 of 1912345...10...Last »