AOL Puts Up 130K For Sublease
July 27, 2010
Tweet That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.
Read More >>Panasonic Takes 50K in Cupertino
February 3, 2010
Tweet After being in the market for quite some time, Panasonic has landed in Cupertino. The company leased 50K SF from Tantau Investments LLC, the partnership of Ralph Borelli, Ron Tate, Larry Wallerstein, and John Salera. The 102,500SF building, dubbed Cupertino Crossing is a new (and rather plain looking) 2-story concrete tilt production. Panasonic is taking [...]
Read More >>Grubb & Ellis Q4 2009 Office Report
January 15, 2010
Tweet Grubb & Ellis has sent us their 4th Quarter Market Trends report for Silicon Valley. More of the same with the exception that we’re seeing to see some tenants make some moves. Over 1.8 million square feet of new construction has hit the market since the beginning of 2009. New construction accounted for 41.4 [...]
Read More >>Positive Signs in Venture Capital
January 7, 2010
Tweet The National Venture Capital Association put out its fourth quarter numbers for venture-backed exits. After suffering somewhat of a dry spell earlier this year, things are starting to turn up, with increased M&A activity and IPO activity. This is the metric to watch as venture capitalists need exits to recap and continue funding. Companies [...]
Read More >>Giant On The Loose: UBS Seeking 800K SF in New York City
December 28, 2009
Tweet Bloomberg is reporting that UBS is out with a requirement for as much as 800,000 square feet in NYC. This would be a huge deal, though again is most likely not a deal which would be really accretive. UBS AG , Switzerland’s biggest bank, is searching for as much as 800,000 square feet of [...]
Read More >>WSJ on San Francisco Real Estate
December 28, 2009
Tweet Nothing new here, but WSJ has an article focused in on the San Francisco office market. It’s a different kind of commercial-property slump from earlier this decade, however. While office rents collapsed after the dot-com bust, rents are holding steadier this time. Asking lease rates peaked at $67.73 a square foot in downtown San [...]
Read More >>Harmonic Leases 188K SF in North San Jose
December 28, 2009
Tweet It’s been a fairly busy December relative to the rest of the year. A couple big deals have been signed, including the Facebook and Rambus deals. Harmonic (HLIT: 6.10 +0.49%) has also made a big move by signing a lease about a week ago for 188,332 SF at Carlyle Realty’s North First Street project [...]
Read More >>Facebook Expands in Palo Alto; Subleases 265K Square Feet
December 15, 2009
Tweet It was only matter of time, but Facebook has made the decision to expand again. This time, Facebook has struck a deal for the 265,000 square foot, 3-building facility at 1050 Page Mill Road. About 14 months ago, Facebook leased 137,000 square feet at 1601 California Avenue. The sublease from Beckman Coulter consists of [...]
Read More >>Top 10 Most Expensive Office Markets
December 1, 2009
Tweet CBRE has put out a report on global office rents. Not surprisingly, rents are falling in almost every major market, with significant cuts in some of the markets that had skyrocketed the most (e.g. Russia). The top 10 most expensive office markets are below. Rents are in USD/SF/Year. London (West End) – $185 psf [...]
Read More >>Damn The Bargains – High End Office Demand Opens Up
November 18, 2009
Tweet The Observer is reporting that the period in time which tenants in NYC were shunning expensive office space is over. They’re signing up again to pay triple-digits. Led by smaller tenants the contagion is spreading… The luxury momentum is rooted in the revival of the hedge fund leasing market. Following Lehman Brothers’ demise, hedge [...]
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