Notable Deals
Shake Up in Brokerage – BT Splits From NAI
January 5, 2010
Tweet After undergoing a major re-branding from BT Commercial to NAI BT Commercial a few years ago, BT is making a move again. This time, it is joining up with some firms formerly associated with Colliers to create a new one named Cassidy Turley. BT Commercial is joining Cassidy & Pinkard Colliers, a D.C.-area real estate services [...]
Read More >>Mervyn’s 365K SF Fremont Warehouse Sold
January 5, 2010
Tweet The 365,000 square foot Fremont warehouse which served as a distribution center for Mervyn’s, has reportedly been sold. We previously reported on the availability of the warehouse space back in February of ’09. The property is 365,000 square feet and sits on about 31.5 acres. It was reportedly sold for about $13M to Global [...]
Read More >>Giant On The Loose: UBS Seeking 800K SF in New York City
December 28, 2009
Tweet Bloomberg is reporting that UBS is out with a requirement for as much as 800,000 square feet in NYC. This would be a huge deal, though again is most likely not a deal which would be really accretive. UBS AG , Switzerland’s biggest bank, is searching for as much as 800,000 square feet of [...]
Read More >>Harmonic Leases 188K SF in North San Jose
December 28, 2009
Tweet It’s been a fairly busy December relative to the rest of the year. A couple big deals have been signed, including the Facebook and Rambus deals. Harmonic (HLIT: 6.10 +0.49%) has also made a big move by signing a lease about a week ago for 188,332 SF at Carlyle Realty’s North First Street project [...]
Read More >>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: 7.74 -0.26%) 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 [...]
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