AOL Puts Up 130K For Sublease
July 27, 2010
That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.
Read More >>AOL Takes Down 395 Page Mill Road
July 22, 2010
AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the space [...]
Read More >>Facebook Expands in Palo Alto; Subleases 265K Square Feet
December 15, 2009
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 135,000 [...]
Read More >>101 Wachovia Branches To Close in California
December 2, 2009
The digestion of Wachovia by Wells Fargo is underway and as part of the process, Wells Fargo will be closing 101 California branches. In addition, 65 existing Wachovia branches will be rebranded. In Santa Clara County, the three branches to be rebranded include: Berryessa Rd and Sandstone Ln, San Jose Stanford Shopping Center, Palo Alto [...]
Read More >>Palo Alto Mulls Extending Entitlements
September 11, 2009
Palo Alto is set to vote on Monday to pass an ordinance automatically granting a one-year extension for project approvals. In exchange, the city would require the projects to meet green building standards. [via Mercury News]
Read More >>Tesla Motors Takes Down 350K SF in Palo Alto’s Stanford Research Park
August 18, 2009
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 for [...]
Read More >>Stanford Shelves Shopping Center Expansion Plans
April 16, 2009
Stanford Shopping Center has decided to withdraw its plans of expanding the center and adding a hotel. Simon Property Group owns the center, which is on a ground lease from Stanford University. The plan was to add some 240,000 square feet of retail, and a hotel on the property. Not much to say except this [...]
Read More >>Z Gallerie Closing Third of Stores
February 25, 2009
Z Gallerie announced that it will be closing 25 stores, representing roughly a third of its 77 stores. We’re not sure if any of the Bay Area locations are on the list, but the chain’s local stores occupy prime real estate. Z Gallerie’s Bay Area locations are: 340 University Avenue, Palo Alto, CA 1628 Mt. [...]
Read More >>Best Buy to Close Downtown Palo Alto Magnolia Store; 2 Others
February 15, 2009
Best Buy (BBY: 33.46 +2.45%), the parent company of Magnolia Audio Video has announced that it will be closing certain Magnolia stores and Palo Alto is on the list. Magnolia is located on a hard corner at 180 University Avenue, across from Lytton Plaza, in a 2-story office and retail building. The store was opened [...]
Read More >>Wilson Sonsini Goodrich & Rosati Cuts Lawyers and Staff
January 27, 2009
The iconic Palo Alto law firm of Wilson Sonsini Goodrich & Rosati has cut approximately 45 attorneys and 68 of its supporting staff. The 660 attorney firm made cuts representing about 6.5% of its attorneys, and about 9% of its staff. This cut comes on top of cuts Cooley Godward made last week (52 attorneys, [...]
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