Applied Puts Up For Sale 30-Acre Santa Clara Site
September 14, 2009
Applied Materials (AMAT: 12.63 -0.24%) has quietly put up for sale a 30-acre site in Santa Clara. The property is being offered unpriced. It’s an odd time to put the property up for sale considering the fact that they’ve carried it for a long time, including the last boom cycle where the land would have [...]
Read More >>Trouble in North San Jose For Tishman Speyer
June 29, 2009
Tishman Speyer has defaulted on the loan it used to finance the purchase a 40 acre site from BEA Systems in 2007. Tishman paid about $60 psf ($108M) for the site in March of 2007, which BEA Systems then parlayed into the purchase of the office tower at 488 Almaden from Sobrato.
Tishman had intended on [...]
Mountain View Deal Highlights Trauma in Land Values
June 24, 2009
With development anticipated to be dead for at least 4-5 years, land has lost incredible amounts of value. Just two years ago, Dostart development paid some $60+ psf for a 15 acre site on East Middlefield Road. Two years later, the county has offered up a 3.6 acre piece next door to that site, and [...]
Read More >>Gilead Sciences Acquiring Office Building and 30 Acres of Land in Foster City from EFI for $138M
October 24, 2008
Gilead Sciences (GILD: 47.42 +0.51%) has entered into contract to acquire 30 acres of land from Electronics for Imaging (EFII: 12.18 -0.41%) 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 building, and [...]
120-Acre San Jose Flea Market Site Put Up For Sale
May 28, 2008
The San Jose Flea Market land is up for sale. The 120-site, after going through nearly a decade of entitlements, has been put on the market for sale. The site is entitled for nearly 2900 homes and 350,000 square feet of commercial space (office and retail).
The site is a vast flat parcel in the middle [...]
