AOL Puts Up 130K For Sublease
July 27, 2010
That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.
Read More >>AOL Takes Down 395 Page Mill Road
July 22, 2010
AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the space [...]
Read More >>Mountain View Considering Upping North Bayshore FAR
February 18, 2010
Google has devoured much of the Shoreline and North Bayshore area of Mountain View and now is seeking to work with the city of Mountain View to make the city “a model for Silicon Valley”. This entails bringing in MUX and residential uses, and increasing the FAR. My bet is public transportation (rightly so) is [...]
Read More >>Huge NASA Academic Development Deal Goes To TMG and Related
November 16, 2009
The billion dollar, 75-acre academic super campus envisioned for Moffett Field has moved one step closer to becoming reality as developers TMG Partners and Related have been named as the master developers. Originally construction was anticipated to begin in 2012, with initial occupancy to take place in 2014. The ground lease for the project was signed back [...]
Read More >>Silicon Graphics Files Chapter 11 BK, Sells To Rackable Systems
April 1, 2009
It’s somewhat ironic that the company that first subleased and then sold its headquarters to the Google behemoth several years back has now filed for bankruptcy and made the decision to sell itself for a paltry sum of some $25M. Silicon Graphics, which was founded in 1982, seems to have finally (they filed BK once [...]
Read More >>Google, IBM Cut Jobs; Legal Cuts Continue
March 26, 2009
The past few weeks have been fairly quiet on the layoff front, but IBM (IBM: 125.04 -0.58%) and Google (GOOG: 463.18 +0.62%) came out today with news that they’ll be making some cuts. Google announced a small cut of 200, while IBM announced that it will be eliminating 5,000 US positions. I suspect that there [...]
Read More >>Silicon Valley Rent, Vacancy, and Unemployment
March 24, 2009
I was reading an article yesterday in the Mercury News about Silicon Valley rents that peaked my interest. Another broker who is often quoted, indicated that his expectation was generally that Silicon Valley wouldn’t see vacancy rates like those we saw in 2002, in which some submarkets experienced vacancy rates of 30%: ‘We don’t anticipate [...]
Read More >>Google Cuts Temporary Staff; ValleyWag Estimates Up To 6,000
January 8, 2009
ValleyWag has written a post comparing Google’s (GOOG: 463.18 +0.62%) December SEC filing to a statement made by Sergey Brin in October. In the December filing, Google indicated it has only about 4,300 temporary workers compared to the 10,000 that Sergey Brin indicated they had in October. Whether the number is correct or not, it [...]
Read More >>Google Puts An Additional 128,000 Square Feet Up For Sublease In Mountain View
December 10, 2008
Google (GOOG: 463.18 +0.62%) has put on the market an additional 128,000 square feet for sublease in Mountain View. The 3-building campus is located at 2375 Garcia Avenue, 2350 Bayshore Highway, and 1500 Salado Drive. Unlike much of Google’s other real estate, and similar to 395 Page Mill Road (which Google put up for sublease [...]
Read More >>Google Scraps Yahoo Partnership
November 5, 2008
After months of working to overcome anti-trust issues, Yahoo (YHOO: 13.51 +1.05%) and Google (GOOG: 463.18 +0.62%) have called off their “strategic partnership” that would have Google selling ads on Yahoo web properties. Yahoo struck this partnership in a move following it fighting off Microsoft, which earlier this year offered $33-36 per share for the [...]
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