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 [...]
Vision North San Jose On Shaky Ground
April 11, 2009
The Mercury News is reporting that a new study has revealed the exact location of the Silver Creek Faultline, and it seems to be running directly through North San Jose. This is interesting because North San Jose is the area of the city where the city wants to see most get developed over the next [...]
Read More >>Tesla Deal Dead, For Now
January 30, 2009
Tesla Motor’s plans to build an electric car factory in North San Jose seem to have been dashed (at least for now) by its inability to raise venture funding to finance the construction of the factory. Instead, the company intends on seeking money from the federal government to help it convert a brownfield site to [...]
Read More >>San Jose Reaches a Deal with School District on North San Jose Development
August 6, 2008
It seems an agreement has been reached between the city of San Jose and San Jose, Santa Clara Union School district officials on the funding of schools in support of the development slated for North San Jose. The agreement averts a decision by the school district to place an initiative on the november ballot will [...]
Read More >>San Jose, Santa Clara Union School District Continue Negotiations on North San Jose Development Fees
August 4, 2008
The latest offer in the ongoing negotiations between the school district, the City of San Jose, and developers has Mayor Chuck Reed of San Jose offering to kick in $75 million in redevelopment funds towards building schools to support the planned developments. The $75 million is in addition to the $58 million developers have agreed [...]
Read More >>Brocade Acquires North First Street Land in San Jose for Office Park
May 27, 2008
Brocade, in an SEC filing dated today indicated that it has acquired land on North First Street for the construction of a 562,000 SF office project. We were previously the first to report on April 4th that Brocade was in negotiations to lease the project, however; as it turns out the transaction actually involved a [...]
Read More >>Brocade In Talks to Lease @First Office Park at First & 237
April 4, 2008
The latest “big news” is that Brocade is in negotiations to lease the Phase I buildings of Hunter/Storm’s office project located at the SEC of 237 and First Street. The project is a JV between Hunter/Storm of Cupertino and MacFarlane Partners out of San Francisco. The project entails 4 Class A office buildings totaling 880,000 [...]
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