Aug 13
Miscellaneous
The Apple building at 20605 Valley Green Drive in Cupertino, also known as “Valley Green 6″, caught fire on Tuesday night. It’s not yet clear how much damage the building sustained but it was a 3-alarm fire.

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Tags: Apple Computer, Cupertino
Aug 01
Notable Deals
It’s been confirmed that the tenant taking Sand Hill Property companies 60K SF Cupertino Landing office development is Apple Computer. We first heard about the brewing deal early last month. The 3-Story, ~60,000 square foot building was the site of the former Any Mountain sportings goods store. The owners at the peak of the market during the late 90’s were rumored to have been offered about $12M for the site but turned it down. After a number of years sitting vacant and for lease, it was finally re-sold to Peter Pau’s Sand Hill Property Company in 2005. The asking rate was $3.50 NNN, and it’s likely the lease was struck somewhere close to that number. TI numbers are unknown, but based on competing new developments, the number is likely to be somewhere in the area of $35-40 psf over shell.
The next largest chunk of space available for Apple to take down is the Blue Coat Systems sublease that will be available shortly. That 105,000 SF space is located just south of the Cupertino Landing project on North De Anza. Blue Coat Systems acquired the site as part of its acquisition of Packeteer. Blue Coat will be consolidating Packeteer into its Sunnyvale facility, which Blue Coat renewed and expanded its lease with Jay Paul on.

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Tags: 10495 N De Anza Blvd, Apple Computer, Class A, Cupertino, Cupertino Landing, Office Space, Peter Pau, Sand Hill Property
Jul 24
Market Data, Notable Deals
The list below represents the top lease transactions which occurred in Silicon Valley during the second quarter of 2008.
| Tenant |
Address |
Submarket |
Sq. Feet |
Class |
| Blue Coat Systems |
410-420 N Mary Avenue |
Sunnyvale |
233,174 |
B |
| EMC Corporation |
2350 W El Camino Real |
Mountain View |
105,143 |
A |
| Symbol Technologies |
6480 Via Del Oro |
San Jose |
102,000 |
A |
| Philips Electronics |
3860 N First St |
San Jose |
101,582 |
B |
| Gunderson Dettmer |
1200 Seaport Blvd |
Redwood City |
98,022 |
A |
| Motorola |
809 11th Avenue |
Sunnyvale |
91,306 |
A |
| Apple |
19925 Stevens Creek Blvd |
Cupertino |
74,260 |
B |
| Lab 126 |
20450 Stevens Creek Blvd |
Cupertino |
69,534 |
A |
| Akamai |
3125 Clearview Way |
San Mateo |
64,954 |
B |
| Goodwin Procter, LP |
135 Commonwealth Dr |
Menlo Park |
58,800 |
A |
| Efficient Frontier, Inc. |
809 11th Avenue |
Sunnyvale |
43,320 |
A |
| Silver Peak Systems |
4500 Great America Pkwy |
Santa Clara |
39,500 |
A |
| Emulex |
2650 N 1st Street |
San Jose |
31,388 |
B |
| King and Spalding |
333 Twin Dolphin Dr |
Redwood City |
27,773 |
A |
| Ropes & Gray |
1900 University Ave |
East Palo Alto |
24,050 |
A |
| Packet Design Management |
2455 Augustine Drive |
Santa Clara |
23,008 |
B |
| SiBeam |
555 Mathilda Avenue |
Sunnyvale |
22,810 |
B |
| TPL |
20450 Stevens Creek Blvd |
Cupertino |
21,638 |
A |
| On Live |
181 Lytton Avenue |
Palo Alto |
21,267 |
A |
| Map Pharmaceuticals |
2400 Bayshore Parkway |
Mountain View |
21,000 |
B |
| Aricent |
700 Hansen Way |
Palo Alto |
19,396 |
B |
| Arcadia Homes |
900 E Hamilton Ave |
Campbell |
16,348 |
A |
| Dolby Labs |
3975 Freedom Circle |
Santa Clara |
15,559 |
A |
| MobilyGen |
2900 Lakeside Drive |
Santa Clara |
13,644 |
B |
| EORM |
4 N Second Street |
San Jose |
13,151 |
B |
| Mintz Levin |
3000 El Camino Real |
Palo Alto |
12,800 |
A |
| GCA Law Partners |
1881 Landings Dr |
Mountain View |
12,183 |
B |
| Total |
|
|
1,377,610 |
|

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Tags: Akamai, Apple Computer, Arcadia Homes, Aricent, Blue Coat Systems, Campbell, Class A, Class B, Cupertino, Dolby Labs, East Palo Alto, Efficient Frontier, EMC, Emulex, EORM, GCA Law Partners, Goodwin Procter, Gunderson Dettmer, King and Spaulding, Lab 126, Map Pharmaceuticals, Market Data, Menlo Park, Mintz Levin, MobilyGen, Motorola, Mountain View, Office Space, OnLive, Packet Design Management, Palo Alto, Philips Electronics, Redwood City, Ropes and Gray, San Jose, SiBeam, Silicon Valley, Silver Peak Systems, Sunnyvale, Symbol Technologies, TPL
Jul 11
Notable Deals
We’ve heard that a single tenant is taking down Cupertino Landing, the 3-story, 59,670 square foot office project developed by Sand Hill Property Company. Sand Hill acquired the 1.66 acre parcel back in 2005 and finished the building in the last quarter. The project which is located at 10495 N. De Anza Boulevard in Cupertino features a single 3-story structure with an above-grade structured parking garage. The project’s asking rate was $3.50 NNN.
It’s not clear who has taken down the space or is in discussions, but given the continued prosperity of Apple Computer and the fact that it hasn’t done much with its campus plans on the other side of 280 make it entirely possible that Apple is the tenant.

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Tags: 10495 N De Anza Blvd, Apple Computer, Class A, Cupertino, Cupertino Landing, Office Space, Sand Hill Property
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