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Sobrato-Oracle Building at 488 Almaden To Go Full Circle?

September 26, 2008

Tweet 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 […]

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155,000 Square Feet of Class A Office Space Being Proposed in Cupertino

August 7, 2008

Tweet Embarcadero Capital will be going in front of the planning commission later this month to propose a new 155,000 square foot Class A office building in Cupertino. The project will feature three (3), 2-story office buildings alongside a 2-level parking garage. The project is located at McLellan and Bubb on Results Way. The project is […]

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Apple Leases 60K SF Cupertino Landing Office Building; Blue Coat Sublease Next?

August 1, 2008

Tweet 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 […]

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Legacy Partners Buying Oracle/BEA/Sobrato Tower at 488 Almaden?

July 25, 2008

Tweet 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: 40.33 -0.35%) acquired as part of the BEA acquisition. The Business Journal is reporting the sale at “nearly” $100M at about […]

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Second Quarter Silicon Valley Office Space Leasing Activity

July 24, 2008

Tweet 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 […]

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Possibly Brilliant Timing for Buyer of Oracle/Sobrato Tower; PWC Possibly on the Hunt

July 24, 2008

Tweet Rumor is that there is a Big Four firm on the troll to take down 150-200K SF of Class A office space in Downtown San Jose. The likely suspects consist of Deloitte, KPMG, PWC, and Ernst and Young. “Friends” inside E&Y indicate it is not them, KPMG is not a likely candidate, and Deloitte’s […]

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Cupertino Landing Lease in the Works

July 11, 2008

Tweet 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 […]

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A Guide to Office Building Classifications; Class A, Class B, Class C

July 6, 2008

Tweet When considering office space, tenants will find that office buildings are generally classified as being either a Class A, Class B, or a Class C building. The difference between each of these classifications varies by market and class B and C buildings are generally classified relative to Class A buildings. Building classifications are used […]

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Shorenstein Buys Mezzanine Debt on McCandless Towers

July 3, 2008

Tweet Shorenstein has acquired a $51.1M mezzanine loan collateralized by McCandless Towers in Santa Clara. Globe St. is reporting that the the debt was acquired at a discount. McCandless Towers was purchased by Tishman Speyer last July at a cost of $500 PSF ($213M), representing a 4.5% cap rate. McCandless Towers features two 11-story, 210,000 […]

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Holy Moscow! Check Out Those Rents!

June 24, 2008

Tweet The WSJ is reporting in their commercial real estate section today on office space in Moscow. The numbers are staggering compared with almost anything we have in the US. The average cost of “prime” space in Moscow is $223 psf per year, up 92% from the first quarter of last year when the average […]

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