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With Office Market Softening, Some Landlords Mull Reducing Asking Rents

June 2, 2008

Tweet After seeing rents continuously rise over the past 24 to 36 months, Tenants are finally beginning to see an easing in rental rates. During the past two quarters, net absorption in the South Bay and Peninsula markets have either been flat or mildly negative. In the Silicon Valley, depending on whose numbers you use, […]

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Robert Half International Moving to San Ramon; Leases 236,000 SF

May 30, 2008

Tweet Robert Half International has signed a lease for building 3 at Bishop Ranch to take 236,000 SF of space. Robert Half International (NYSE:RHI) will move its regional operations from Pleasanton, where it occupies 220,000 SF currently across several buildings. The move to San Ramon will be completed in 2010. In addition to the RHI […]

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Boston Properties, Goldman Sachs Acquire GM Building; Macklowe Son To Take Over

May 28, 2008

Tweet Over the weekend, the fate of the GM Building at 767 Fifth Avenue became known. Boston Properties and Goldman Sachs led an investment group that acquired the trophy asset along with other buildings from Macklowe Properties for $4B, $2.5B of which was assumption of debt. It’s rumored that middle eastern investors and sovereign investment funds […]

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Brocade Acquires North First Street Land in San Jose for Office Park

May 27, 2008

Tweet 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 […]

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Land Deal Approved by City Council; Earthquakes Stadium One Step Closer

May 22, 2008

Tweet The San Jose city council approved a plan by Oakland A’s and San Jose Earthquakes owner Lew Wolff to develop a mixed-use office, hotel, and retail project near the San Jose airport. The property which encompasses 66 acres will contain roughly 100K SF of retail, a 300-key hotel, and 1.5 million square feet of […]

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Silverstone Properties Fails in its Bid to Rezone Property

May 12, 2008

Tweet After spending nearly two years working to entitle 7 acres of commercial property in West San Jose for housing, Silverstone Properties came up a vote short in the city council. The council voted this past week 6-5 against the rezoning of the property from its current office/industrial use to residential. The mayor and the […]

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NVIDIA Planning Two Million Square Feet Campus in Santa Clara

April 14, 2008

Tweet Coming on the heels of its recent $150M purchase of the San Tomas Business park, NVIDIA is working to put the pieces in place to develop approximately 2,000,000 square feet of office and R&D space on the site. The park and an adjacent 11-acre piece consists of 475,000 square feet of office and R&D space spread across […]

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Startups Today, VC’s Tomorrow

April 10, 2008

Tweet We’re starting to see more reports of the credit crunch infecting Silicon Valley make the mainstreem press. IHT came out with an article the other day discussing how startups in Silicon Valley are beginning to feel the crunch. For the most part, landlords and brokers have remained fairly bullish on the prospects of Silicon Valley with […]

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Brocade In Talks to Lease @First Office Park at First & 237

April 4, 2008

Tweet 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 […]

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KT Properties Picks Up 1 S Market in Downtown San Jose

March 24, 2008

Tweet KT Properties has acquired the property locatd at 1 South Market St in Downtown San Jose from Haury Properties. Plans for the site include high-rise condominiums but could be changed to office if the demand materializes. KT and its partners are currently developing the AXIS residential condo project located at Santa Clara and N […]

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