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 [...]
Read More >>Gilead Completes Purchase of Foster City Buildings and Land
January 30, 2009
Tweet Gilead Sciences (GILD: 51.94 0.00%) has completed the purchase of 301 Velocity Way and 30 acres of land from Electronics For Imaging (EFII: 29.25 0.00%). The deal was first announced on October 24, 2008, and after exteding escrow once, the deal was finally closed. It’s unclear whether Gilead will still start construction this year, [...]
Read More >>Gilead Sciences Acquiring Office Building and 30 Acres of Land in Foster City from EFI for $138M
October 24, 2008
Tweet Gilead Sciences (GILD: 51.94 0.00%) has entered into contract to acquire 30 acres of land from Electronics for Imaging (EFII: 29.25 0.00%) for $137,500,000. Gilead has put up $5M in earnest money and has until December 12th to remove contingencies. The property being acquired is 301 Velocity way, which contains a 163,000 square foot [...]
Read More >>Cheaper Rents Bolster Fremont Activity
June 3, 2008
Tweet The Contra Costa times featured an article today highlighting the relatively inexpensive rents in Fremont as spurring demand for space. While Silicon Valley and the Peninsula have seen office rates increase over the past two years or so, Fremont has remained a fairly inexpensive market. Rents have moved up in Fremont, but compared to [...]
Read More >>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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