San Jose Update
March 1, 2010
The Redevelopment Agency has issued its monthly report and while activity at downtown San Jose condos seems to be improving, sales continue to be extremely slow: 360 Residences – 0/213 Units Closed Escrow (but they are getting a Subway on the ground floor!) Axis – 86/329U Closed Escrow City Heights – 95/124 Units Closed Escrow [...]
Read More >>BAAQMD Seeking To Require Developers to Study Air Quality
January 4, 2010
The Mercury News reported yesterday on a proposal by the Bay Area Air Quality Management District that could require some housing developers to go study air quality as part of their entitlement process. According to the article, developments within 1,000 feet of major transportation corridors seem to be those affected. The air district already has [...]
Read More >>Huge NASA Academic Development Deal Goes To TMG and Related
November 16, 2009
The billion dollar, 75-acre academic super campus envisioned for Moffett Field has moved one step closer to becoming reality as developers TMG Partners and Related have been named as the master developers. Originally construction was anticipated to begin in 2012, with initial occupancy to take place in 2014. The ground lease for the project was signed back [...]
Read More >>Yahoo’s New 3M SF Campus
October 30, 2009
Let’s see: 13, 6-story Class A Office/R&D building Phase 1 – 946,000 square feet Phase 2 – 1,168,000 square feet Phase 3 – 946,000 square feet 3, 2-story amenity buildings (gym, cafeteria, etc.) 29 acres of usable outdoor space All parking is located underground, 2-levels to be exact Architecture by RMW. This will perhaps be [...]
Read More >>Nearly 20% of Construction Debt is Delinquent
October 26, 2009
There are a number of data providers who put out estimates for commercial delinquencies, so the numbers are not entirely consistent in news reports. Nevertheless, according to a Globe St. article and a local provider of data, 4.7% of commercial loans are past the 60-day delinquent mark, and increasing. The total delinquency rate for commercial [...]
Read More >>Trouble in San Diego for Jay Paul Company
April 11, 2009
Calculated Risk had another post up on commercial real estate, and it involves a project in San Diego called The Summit Rancho Bernardo. This is Jay Paul Company’s southern California version of Moffett Towers (or is Moffett Towers Northern California’s version of The Summit Rancho Bernardo?). According to the project’s web site, the Summit RB [...]
Read More >>Vision North San Jose On Shaky Ground
April 11, 2009
The Mercury News is reporting that a new study has revealed the exact location of the Silver Creek Faultline, and it seems to be running directly through North San Jose. This is interesting because North San Jose is the area of the city where the city wants to see most get developed over the next [...]
Read More >>Nailed: Italian Developer About To Lose Its Shirt
March 18, 2009
Bloomberg has a great article bringing together everything that has happened to Risanamento SpA. Back in 2000, the developer sought to create a huge expanse of offices, hotels, flats, and shops just outside the city of Milan. The company acquired a 300-acre piece of land, and began construction several years ago on the Santo Giulia [...]
Read More >>Bill Halford of Bixby Land Company: Wait
January 8, 2009
There was a business journal article the other day discussing how tenants and buyers stand to gain from the slowdown in commercial real estate. The full article is here (although the article doesn’t really tell us anything interesting or new but I suppose it is something to write about in the absence of other commercial [...]
Read More >>NVIDIA Gets Go Ahead to Build 2M SF Campus in Santa Clara
December 5, 2008
Santa Clara-based NVIDIA (NVDA: 9.57 +1.80%) has received city council approval for the construction of a nearly 2M square foot campus on the site of the current San Tomas Business Park which it acquired earlier this year from Harvest Properties and Black Rock for nearly $150M. The site currently is 35.6 acres. The City of [...]
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