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Retail Squeeze: Retail Assets Fall Into Distress

January 6, 2010

Tweet 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 […]

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Mervyn’s 365K SF Fremont Warehouse Sold

January 5, 2010

Tweet The 365,000 square foot Fremont warehouse which served as a distribution center for Mervyn’s, has reportedly been sold. We previously reported on the availability of the warehouse space back in February of ’09. The property is 365,000 square feet and sits on about 31.5 acres. It was reportedly sold for about $13M to Global […]

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Fremont Marriott In Default

October 1, 2009

Tweet The 357-key Marriott Fremont has defaulted on a $38.5M loan. The asset, owned by Everest AEW Fremont LLC is about $441K back, on the loan which was originated in May 2007.

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Britannia R&D Park Picked Up for $38 PSF

September 29, 2009

Tweet Asilomar has picked up the 195,000 square feet R&D park in Fremont (49000-49090 Milmont Drive) formerly known as Britannia R&D Center. UBS sold the property to Asilomar for roughly $7.5M. The park is now known as Dixon Landing Research Park. UBS had been marketing the asset for quite some time. They had been seeking […]

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Toyota Announces Decision to Shut Down Fremont NUMMI Plant

August 27, 2009

Tweet In another blow to the local economy, Toyota’s board has made the decision to shut down NUMMI, the car manufacturing plant in Fremont. Toyota has indicated that it will halt production at the facility in March of next year. The plant employs about 4,000 employees. Factor in the multiplier effect of such a vast […]

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Opus West Bankruptcy Looming

June 10, 2009

Tweet There have been a flurry of articles out recently discussing the mounting troubles at Opus West and a possible bankruptcy filing. The company has been facing mounting problems and is seemingly following right behind Opus South, another division which Chapter 11 back in April. I raised questions about the health of Opus West at […]

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Solyndra Gets a Boost With $535M Govt Loan

March 20, 2009

Tweet Fremont-based Solyndra got a giant boost today when the government announced that it will provide the Fremont company with a $535M loan to fund the expansion of the company through the construction of a second plant. The $535M is estimated to cover about 73% of the cost of the construction. The company has a […]

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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 […]

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30% of iStar Financial’s Loans are Non-Performing

February 28, 2009

Tweet iStar Financial (SFI: 0.00 N/A), a commercial mortgage REIT that had been an active player of the past few years, is in dire straits with an some 23-30% of its loan portfolio not performing. The company acquired the assets of Fremont Investment & Loan, a notorious lender on highly speculative condo and housing projects. […]

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Superior Toyota of Oakland and Superior Nissan of Fremont Shut Doors

February 25, 2009

Tweet Superior Toyota in Oakland, and Superior Nissan in Fremont have closed effectively immediately. Superior Toyota had just opened two months ago and claimed to be Northern California’s largest Toyota dealership. The dealership was just built at a cost of some $35 million! Superior Nissan on Fremont -part of the same dealership group – is […]

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