Record Breaking Land Site Headed Back to Bank
February 19, 2010
Back at the top of the market in 2007, Candy & Candy acquired an 8-acre development site in Beverly Hills. The price? $500,000,000 – or some $1400 per square foot! Just three years earlier, the seller, New Pacific Realty, had acquired the site for $33.5M. It was encumbered with a long-term lease to the Robinson-May [...]
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 >>One Rincon In Trouble
April 19, 2009
San Francisco is even tougher than San Diego … They have a stronger socialist tradition in San Francisco than in San Diego, and they mistrust the profit motive. They believe in extracting more money from the business community. Such were the words of Urban West Associates’ (the developer behind One Rincon Hill) Mike Kriozere in [...]
Read More >>Notes From the ProLogis Earnings Call
October 26, 2008
ProLogis (PLD: 11.26 +0.09%) released its earnings numbers and its FFO numbers were down significantly, prompting a selloff in its stock as well as San Francisco-based AMB’s (AMB: 25.15 +2.65%). Digging into their earnings call were a few notable excerpts. On development: Beginning in September, we have done nothing but build to suit starts, and [...]
Read More >>Cupertino Mixed-Use Project to Go Before Planning Commission
October 14, 2008
Sand Hill Property’s 17.4 acre mixed-use project in Cupertino is slated to go before the planning commission for a preliminary review later this month. Sand Hill acquired the 17.4 acre parcel from Hewlett Packard earlier this year for roughly $65M ($85 psf) and is proposing a project which would include: 150,000 square feet of retail [...]
Read More >>A Quick Guide to Investment Property Classifications
June 23, 2008
Over the past few decades, real estate investment has become increasingly sophisticated. Large institutional investors and developers have seen the line blurred between traditional investment banking for securities and that for real estate. Everything from the market analysis to the financing of the project has changed. Investors in commercial real estate often classify projects and [...]
Read More >>NVIDIA Planning Two Million Square Feet Campus in Santa Clara
April 14, 2008
Coming on the heels of its recent $150M purchase of the San Tomas Business park, NVIDIA is working to put the pieces in place to develop approximately 2,000,000 square feet of office and R&D space on the site. The park and an adjacent 11-acre piece consists of 475,000 square feet of office and R&D space spread across 10 [...]
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