IBM’s Office of the Future
May 12, 2009
Below is a paper outlining IBM’s vision for the “Office of the Future”. Themes seem to be flexibility, sustainability, and data-centric facilities management. As technology reduces the need for face-to-face contact, the need for fixed, permanent workstations will be replaced by drop-in offices or “hotdesks”, and reducing the overall need for real estate. We wrote [...]
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: 128.38 0.00%) and Google (GOOG: 566.40 0.00%) 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 are [...]
IBM In Talks To Acquire Sun Microsystems
March 18, 2009
It’s all over the news, but IBM (IBM: 128.38 0.00%) is in talks to acquire Santa Clara-based Sun Microsystems (JAVA: 0.00 0.00%). Sun has been struggling over the past several years, and has cut back significantly on both workforce and footprint.
Locally, Sun occupies some 2,000,000 square feet, split almost equally between the Santa Clara campus, [...]
Parkside Towers in Foster City Under Contract for $180M
January 6, 2008
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 ago from [...]
