More Good News From Tishman

August 25, 2009

Tweet Standard & Poor’s has downgraded the credit rating of Tishman Speyer’s affiliate in Washington D.C. to D from CCC. In the world of debt, D means death. The debt is backed by a portfolio of 26 properties with 5.5 million square feet that were formerly owned by CarrAmerica Realty Corp. and were purchased from […]


Sony Renews With Equity Office For Foster City Office

June 9, 2009

Tweet Sony, who had been in the market for quite some time, has decided to stay put in Foster City and has renewed it’s roughly 325,000 square feet lease with Equity Office. They were rumoured to be looking at sites up and down the 101 corridor, including the BEA/Oracle building in San Jose and Moffett […]


Getting Warmer: EOP Drops Redwood Shores Rents Again

May 28, 2009

Tweet We’ve spent some time in the past discussing the Redwood Shores as a sort of case study. We originally discussed the Redwood Shores submarket back in January of 2008 when we indicated that rent hikes in Redwood Shores were nothing more than hype, driven mainly by Equity Office. Let’s look at that market again. […]


Weekend Roundup

March 15, 2009

Tweet Los Angeles’ Largest Private Landowner Might Have to File For Bankruptcy Protection [Link] According to the WSJ,¬†Meruelo Maddux Properties is contemplating a bankruptcy filing to help it cope with its debt load. The developer has played a part in a large part of Downtown LA’s revitalization but it has now stopped making interest payments […]


EOP Cuts Redwood Shores Office Rents Again

March 6, 2009

Tweet Back in January we had a post about falling rents in Redwood Shores. Less than two months later and Equity Office has cut the rates again. On February 19th, EOP cut rates at its 201-203 Redwood Shores buildings to $3.35 FS from $3.65 (-8%), and today EOP cut its asking rents at 255 & […]


Fallout from Blackstone/Equity Office Deal

February 9, 2009

Tweet The New York Times has offered up a piece looking back on the monumental Blackstone/Equity Office deal and the ongoing fallout for those who acquired the assets at the top of the market. This deal can be summed up as a case-study for the Greater Fool Theory. Today, the wreckage of those purchases is […]


As Santa Clara Class A Vacancy Soars EOP Drops Prices at Mission Towers I

February 3, 2009

Tweet Santa Clara’s Mission Towers has just introduced some attractive pricing for its project in an attempt to find a tenant. After sitting on a mostly empty building in the face of a severe economic downturn, and facing a Santa Clara market whose Class A vacancy is set to double as a result of the […]


Equity Office Drops Redwood Shores Rents; Highlights Trend

January 20, 2009

Tweet After Blackstone took over Equity Office in 2007, it quickly began raising asking rents at most of the office parks and buildings it acquired through the acquisition. Equity Office had a significant presence in Redwood Shores, where it owns numerous Class A assets on Shorebird, Twin Dolphin, and Redwood Shores Parkway. From the time […]


Silicon Valley Office Space Continues to Get Cheaper

September 22, 2008

Tweet Landlords across Silicon Valley are working hard to get space leased, and in the process are offering everything from teaser start rates to bonuses to the brokers. In fact, in the past two months we have seen a dramatic increase in the number of landlords who are looking to entice brokers by providing them […]


With Office Market Softening, Some Landlords Mull Reducing Asking Rents

June 2, 2008

Tweet After seeing rents continuously rise over the past 24 to 36 months, Tenants are finally beginning to see an easing in rental rates. During the past two quarters, net absorption in the South Bay and Peninsula markets have either been flat or mildly negative. In the Silicon Valley, depending on whose numbers you use, […]

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