Retail Squeeze: Retail Assets Fall Into Distress
January 6, 2010
InsideBayArea has an article out discussing some of the retail projects that have fallen into foreclosure. The projects listed include: Saigon Village LLC, owner of a Vietnamese-themed retail village that us proposed for Stevenson Boulevard between Cedar Boulevard and Albrae Street in Fremont, listed $18.5 million in mortgage debts and a property value of $24 [...]
Read More >>4280 Hacienda in Pleasanton In Default
November 6, 2009
A notice of default was filed on the 141,000 SF Britannia II building in Pleasanton. The building is 141,000 SF, and has a $41M first deed of trust on it with Bank of America. The property sits on about 8.3 acres. The notice of default was filed on October 27, 2009. Asking rate is $1.75 [...]
Read More >>Only One Lease For 520SF Signed in Shadelands (Walnut Creek)
March 20, 2009
According to Jeff Weil’s blog in the East Bay, the Shadelands submarket of Walnut Creek saw only a single lease get inked in the past 90 days, and it was for a whopping 520 square feet. For those of you not familiar with Shadelands, its a roughly 250 acre portion of Walnut Creek with some [...]
Read More >>Allen Matkins/UCLA California Office Forecast
February 5, 2009
The Allen Matkins/UCLA Forecast, which is biannual survey and index for California commercial real estate markets is predicting more of what we already are hearing: that the downturn in the overall commercial real estate will continue for the foreseeable future with a recovery beginning sometime in the latter parts of 2010. In the Bay Area, [...]
Read More >>Janitor Strike Over; New Contract Ratified
May 29, 2008
Bay Area janitors, who first went on strike May 20th have approved a new contract. The contract increases their wages by $2.40 per hour over the next four years, which represents a 22% increase. The janitors who walked off the job are responsible for cleaning approximately 80 percent of the commercial real estate in the [...]
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