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McDermott Will & Emery to Take Over Former Heller Ehrman Space at 275 Middlefield Road

November 10, 2008

Tweet McDermott Will & Emery is reportedly taking over much of Heller Ehrman’s former digs at 275 Middlefield Road in Palo Alto. The business journal is reporting that it is a 10-year deal, and that McDermott is taking down 80,000 square feet, with a first right for the remaining 39,000. We know that there are multiple […]

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Thelen Reid & Priest Chooses to Dissolve; Landlords Wondering Who’s Next?

October 28, 2008

Tweet 84-year old law firm Thelen Reid & Priest’s partnership voted this morning to dissolve the firm by as early as late November. The firm has succumbed to market, staffing, and economic forces. As previously mentioned, the firm occupies roughly 175,000 square feet of Class A office space locally, space which will very likely be […]

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Thelen Reid & Priest Dissolution Vote Expected; 175,000 Square Feet of Office Space On Deck

October 28, 2008

Tweet It’s been rumoured that Thelen Reid & Priest could vote as early as today to dissolve the 80 year old law firm. The law firm is facing a similar fate as Heller Ehrman as it has had many of its partners poached over the past year. Loss of key partners and a slowing practice […]

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Google Puts 225,000 Square Feet of Palo Alto Office Space on the Market for Sublease… Again

October 24, 2008

Tweet Google (GOOG: 571.00 -1.19%) has once again put its building at 395 Page Mill Road in Palo Alto on the market for sublease. Since signing a 10-year lease for the 224,000 square foot building mid-last year from Jay Paul Company, the building has sat vacant. The building was acquired by the Jay Paul Company […]

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Gilead Sciences Acquiring Office Building and 30 Acres of Land in Foster City from EFI for $138M

October 24, 2008

Tweet Gilead Sciences (GILD: 107.41 +1.07%) has entered into contract to acquire 30 acres of land from Electronics for Imaging (EFII: 43.92 -1.06%) for $137,500,000. Gilead has put up $5M in earnest money and has until December 12th to remove contingencies. The property being acquired is 301 Velocity way, which contains a 163,000 square foot […]

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Broadway Partners Deal to Sell One Sansome to Mirae Falls Apart

October 21, 2008

Tweet After having gone into contract with Broadway Partners about two months ago to acquire One Sansome Street, it appears South Korea-based Mirae Asset MAPS Investment Company has backed out of the $365M transaction. The 650,000 square foot building is leased in large part to Citigroup on leases which run for several more years. We’ve heard […]

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Heller Ehrman Office Space in Menlo Park Hits the Market

October 8, 2008

Tweet Heller Ehrman’s offices at 275 Middlefield Road in Menlo Park have officially hit the market for lease. The space available totals 107,000 square feet and consists of 39,000 square feet in the building fronting Middlefield Road, and 68,000 square feet in the building to the rear of the property. There are currently a few […]

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SF Chronicle Article Today On San Francisco Office Space Market

October 3, 2008

Tweet The SF Chronicle today is featuring an article discussing the trouble San Francisco office market is facing as a result of all that is going on in the equity and debt markets. There are two key takeaways in this article. The first is that we could see a 900 basis point increase in the office vacancy […]

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Amazing Sunnyvale – TMG and Principal Moving Forward to Bring Another 100K SF of Office Online

October 1, 2008

Tweet The Martin Group and its JV partner Principal Global Investors have plans to break ground shortly on 384 Santa Trinita Ave, a four-story Class A office project in Sunnyvale. The building will feature 25,000 square foot floor plates, and 3.35/1000 parking. This development would dump another 100,000 square feet of space on top of […]

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Noted San Francisco Law Firm Heller Ehrman to Dissolve; Vacate 300K SF Locally

September 29, 2008

Tweet Heller Ehrman, a 500-lawyer firm with 14 domestic and international offices has voted to dissolve. The firm was founded in 1890 in San Francisco, and occupies fourteen floors (about 200-250K SF) at 333 Bush Street and has about 100K square feet at 275 Middlefield Road in Menlo Park locally. The firm was one of the most notable […]

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