Tesla Motors Takes Down 350K SF in Palo Alto’s Stanford Research Park

August 18, 2009

Tweet In what will likely be one of the largest deals done this year, Tesla Motors has signed a deal with Stanford to lease a portion of the Agilent Technology buildings high up in Stanford Research Park. According to Tesla’s press release, the facility will be used as the headquarters, as well as manufacturing site […]


Bordeaux Centre Taken By Lender

July 31, 2009

Tweet CBC, California Bavarian Corp, the developer of Bordeaux Centre in Sunnyvale has lost the property to its lender, Wrightwood Capital. The asset had debt on it of approximately $34M, and consists of two (2) 61,921 SF 3-story buildings, and is located at 1376-1380 Bordeaux Drive. The asset was taken back by the lender when […]


Hines and Sterling American Forfeit 333 Bush

July 29, 2009

Tweet Hines and Sterling American have decided to return 333 Bush Street to the lender. The 550K SF property was acquired at the peak of the market in 2007. The deal fell on its head in September 2008 when the law firm Heller Ehrman, a tenant anchoring 14 floors at the building, voted to dissolve. […]


Decline Continues in Moody’s/REAL Commercial Real Estate Index: April Down 8.6%

June 23, 2009

Tweet Moody’s/REAL CPPI measured a value decline of 8.6% in April as compared to March. This represents the single largest one-month decline in the history of the index. The index now stands 29.5% below the peak measured in October 2007. Moody’s/REAL is out with its April commercial real estate index numbers, and the decline continues. […]


MySpace/Fox Interactive Highlights Trend

June 5, 2009

Tweet We’ve been saying for some time that office vacancy will continue to climb for sometime even if the employment numbers begins to stabilize. Despite all their efforts to be proactive, most companies are reactive to economic conditions when they are deteriorating. As a result, we see companies continuing to go deeper when considering cuts […]


Getting Warmer: EOP Drops Redwood Shores Rents Again

May 28, 2009

Tweet We’ve spent some time in the past discussing the Redwood Shores as a sort of case study. We originally discussed the Redwood Shores submarket back in January of 2008 when we indicated that rent hikes in Redwood Shores were nothing more than hype, driven mainly by Equity Office. Let’s look at that market again. […]


Subleases Now Account For 40% of Midtown Manhattan Office Space

May 26, 2009

Tweet From the NYT: In Midtown Manhattan, for example, 13 percent of prime, modern, well-located offices — which brokers often refer to as Class A space — was available in April, up from 6.5 percent a year earlier, according to Colliers ABR, a commercial real estate services company. And sublets now account for some 40 […]


Tishman Looking to Sell 550 Terry Francois

May 24, 2009

Tweet Tishman is reportedly seeking a buyer for 550 Terry Francois in Mission Bay. The building is fully leased to Gap until 2017. According to Tishman’s site: Built in 2002, 550 Terry Francois is a 6-story office building, totaling 282,773 square feet. The property is a state-of-the-art facility, featuring an attractive window wall system and […]


Trouble in San Diego for Jay Paul Company

April 11, 2009

Tweet Calculated Risk had another post up on commercial real estate, and it involves a project in San Diego called The Summit Rancho Bernardo. This is Jay Paul Company’s southern California version of Moffett Towers (or is Moffett Towers Northern California’s version of The Summit Rancho Bernardo?). According to the project’s web site, the Summit […]


Surprise: San Francisco Office Rents Are Falling

April 8, 2009

Tweet Bloomberg has a hit piece out on San Francisco office landlords, in which it cites Colliers International’s numbers: Q1 2009 office rents in the “city” dropped 24%, year-over-year Class A rents fell from $50.92 to $38.80 psf/year Office vacancy rose to 13.2 percent from 12.6 percent in the previous quarter, and up from 10.2% […]

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