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Kudos to Cornish & Carey

May 10, 2010

Tweet It seems that the folks over at Cornish & Carey have decided to put rental rate and available space information back up on their website. I was admittedly harsh on them back in January when I wrote a post about why I felt hiding this information was counterproductive and against the interests of the […]

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Sobrato Nabs McAfee for 240K SF and What It Means For The Market

April 2, 2010

Tweet Sobrato has managed to bag McAfee for ~240K square feet – and potentially more – at its Santa Clara campus. The Registry has some info on the deal as well. The deal is a great one for Sobrato, which has Yahoo! on lease until the end of July. The buildings are located at 2811 […]

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The Irony of Silicon Valley

January 29, 2010

Tweet This is a post I’ve been wanting to write for a while, but until now I was not sure how or what to write exactly. It’s a bit long, but I think it is important. Silicon Valley is the center of innovation and home to giants of industry. It’s the place companies like Cisco, […]

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A News Digest For Today

January 27, 2010

Tweet Rather than give you another daily dose of bad news about Tishman or some other poor sap who blindly overpaid for an asset with OPM, today we present you the following interesting headlines: 1) 1-Month Treasury Bills trading negative again. This is only the 2nd or 3rd time this has happened since Lehman went […]

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Moffett Towers Lands Rambus For 125K SF

December 18, 2009

Tweet It took a few years, but Moffett Towers has landed a tenant (ht Phil). Rambus (RMBS: 12.92 -0.08%) has become the guinea pig.  It signed a lease for 125,000 square feet on December 15th. The 10-year term begins around July 2010 once its tenant improvements are completed. The space will be delivered turnkey. They […]

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YoY Local Transaction Volumes

September 28, 2009

Tweet The Business Journal handed out awards for local brokerages for the year ending July 2009. Colliers’ three local offices was the runner-up in the the Silicon Valley Business Journal’s award for Commercial Brokerage of the Year. This year’s deal volume came in at 925 transactions at a value of $711 million. The previous year, […]

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Brokerages Announce “Troubled Assets Units”

January 17, 2009

Tweet All the major brokerage houses have now rushed onto the bandwagon to announce the formation of new departments designed to assist lenders and owners of distressed assets. I even read that regional brokerage Cornish & Carey announced one the other day. There is certainly plenty of blame to go around about why the industry […]

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GVA Kidder Mathews Acquires Wayne Mascia Associates

September 21, 2008

Tweet GVA Kidder Mathews, the Seattle-based brokerage firm has announced that it is acquiring Santa Clara’s Wayne Mascia Associates. The new firm will be renamed to the ridiculously long GVA Kider Matthews Wayne Mascia. GVA recently opened a Redwood Shores office and has now made its foray into the south bay through this acquisition. The […]

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Facebook Looking to Leave Downtown Palo Alto

June 23, 2008

Tweet Faced with low single digit vacancy rates, sky-high rental rates, and rapid growth, Facebook is looking to leave downtown Palo Alto. Kara Swisher, who also revealed Facebook’s revenue numbers, is reporting that Facebook’s migration will begin as soon as the first quarter of 2009. This isn’t new news at all since Facebook had been in […]

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Parkside Towers in Foster City Under Contract for $180M

January 6, 2008

Tweet Hines is in contract to sell its Parkside Towers office complex in Foster City. The complex is roughly 400,000 SF and is reportedly being sold to Harvest Properties and Invesco for roughly $180M ($452 psf). The complex is about 80% leased and includes tenants IBM, Axciom, and QuinStreet.  The project was purchased by Hines about two years […]

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