Sheraton in Pleasanton Sold for $12.3M
February 11, 2010
About a year ago we reported on the default of the Sheraton in Pleasanton. The hotel has now changed hands to a group of investors for $12.3M, or $72K per key (170 rooms). The buyers, a partnership of Sethi Enterprises and Kapoor Enterprises expects to dump an additional $2m into the asset to upgrade lobbies [...]
Read More >>4280 Hacienda in Pleasanton In Default
November 6, 2009
A notice of default was filed on the 141,000 SF Britannia II building in Pleasanton. The building is 141,000 SF, and has a $41M first deed of trust on it with Bank of America. The property sits on about 8.3 acres. The notice of default was filed on October 27, 2009. Asking rate is $1.75 [...]
Read More >>Two East Bay Hotels Default on Mortgages
January 31, 2009
In what is likely part of the first wave of hotel mortgage defaults, two East Bay hotels have defaulted on their mortgages. The ownership of the 170-key Sheraton Pleasanton Hotel (AG Inn at the Mall LLC) has defaulted on a $12.2M note. In addition, U-Safe Investments has defaulted on two notes for a total of [...]
Read More >>Robert Half International Moving to San Ramon; Leases 236,000 SF
May 30, 2008
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 deal, [...]
Read More >>Oracle Looking To Expand Its Pleasanton Footprint
November 14, 2007
Oracle has submitted a plan to the city to build a 5-story, 181,000 SF office building in Pleasanton. The project is in the Hacienda Business Park near the corner of Owens Drive and Hacienda Drive and is similar in design to nearby buildings Oracle occupies.
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