Sobrato-Oracle Building at 488 Almaden To Go Full Circle?
September 26, 2008
Since Legacy Partners dropped its plans to acquire the 388,000 square foot Oracle Tower in San Jose, Oracle has had a bit of difficulty in rounding up another buyer. In fact, last week at the CoreNet/ULI event in Foster City, Randy Smith, the VP of facilities and global real estate for Oracle confessed that the building [...]
Read More >>Legacy Partners Drops Sobrato-Oracle-BEA Tower Deal
August 19, 2008
Rumor is that Legacy couldn’t secure the financing it needed to acquire the Sobrato/Oracle/BEA Tower in downtown San Jose and has dropped its acquisition plans for the 388,000 square foot tower located at 488 Almaden Blvd in Downtown San Jose. DivcoWest which was rumored to be in the running for the building previously is again being [...]
Read More >>Legacy Partners Buying Oracle/BEA/Sobrato Tower at 488 Almaden?
July 25, 2008
The Business Journal is reporting this morning that according to their sources, Legacy Partners is in fact that buyer of the Oracle/BEA/Sobrato tower located at 488 Almaden Blvd in San Jose which Oracle (ORCL: 24.45 +1.28%) acquired as part of the BEA acquisition. The Business Journal is reporting the sale at “nearly” $100M at about $275 [...]
Read More >>Oracle/BEA Tower On The Market
May 20, 2008
Oracle has put up its tower at 488 Almaden Blvd. on the market for sale. BEA paid about $335 per square foot for the building last year in hopes of moving workers from its north first street campus over but instead Oracle has decided to turn around and put the vacant building back on the [...]
Read More >>NVIDIA Buying in Santa Clara?
February 15, 2008
NVIDIA is rumored to be buying San Tomas Business Park from Harvest Properties. The 10-Building project on San Tomas Expressway right across from NVIDIA’s campus was picked up by Harvest and BlackRock Realty in late 2005 for roughly $205 per square foot. The project encompasses 10 buildings of roughly 47K SF each spread across 24 [...]
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