Juniper Networks Renews 425K SF Headquarters Lease
November 4, 2009
Juniper Networks (JNPR: 29.84 -1.36%) has renewed its lease for the three buildings it occupies as its headquarters in Sunnyvale. The buildings are located at 1184, 1194, and 1220 N. Mathilda Avenue and were constructed between 2000 and 2002. Average floor plates are 35,400 (comparable to Moffett Towers interestingly enough – doubt it was a [...]
Read More >>GE To Cut Real Estate Portfolio by More Than 10% Next Year
October 2, 2008
Costar is reporting that GE is planning a $10B haircut to its real estate holdings next year. This comes at a time when the cost of capital is increasing, its availability decreasing, and the supply of real estate assets available for sale will be spiking (think Lehman, AIG, Merrill, just to name a few).
The Fed has talked [...]
Short-Term “Enhanced Cash” Fund Goes Below Par
November 14, 2007
An article in Barron’s highlights that a short-term institutional bond fund run by GE Asset Management is offering investor’s the ability to redeem their holdings at 96 cents on the dollar. Short-Term bond funds such as this typically strive to maintain a NAV (net asset value) of $1.00 and provide a market yield. In an [...]
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