2010 Will Be A “Bloodbath”, But Keep Reading
November 5, 2009
We’ve heard all sorts of things to describe the fall in CRE. The most recent have been “Bloodletting” (Soros), “Huge Crash” and “Tragedies” (Ross). P&I is out with an article pointing to the recent PwC/ULI report that is being widely reported on. They’ve focused in on the most sensational part of the report: “2010 looks [...]
Read More >>Cap Rates Still Hiking According to CoStar and Korpacz Survey
March 21, 2009
CalculatedRisk points us to a brief article put out by CoStar a few days ago has some interesting numbers on Cap Rates and the continued rise across office, industrial, and multi-family sectors. The data is generally as follows: Class A Office data indicates that average cap rates for Q1 2009 will come in around 7.9% [...]
Read More >>Sobrato-Oracle Building at 488 Almaden To Go Full Circle?
September 26, 2008
Since Legacy Partners dropped its plans to acquire the 388,000 square foot Oracle Tower in San Jose, Oracle has had a bit of difficulty in rounding up another buyer. In fact, last week at the CoreNet/ULI event in Foster City, Randy Smith, the VP of facilities and global real estate for Oracle confessed that the building [...]
Read More >>Legacy Partners Drops Sobrato-Oracle-BEA Tower Deal
August 19, 2008
Rumor is that Legacy couldn’t secure the financing it needed to acquire the Sobrato/Oracle/BEA Tower in downtown San Jose and has dropped its acquisition plans for the 388,000 square foot tower located at 488 Almaden Blvd in Downtown San Jose. DivcoWest which was rumored to be in the running for the building previously is again being [...]
Read More >>Legacy Partners Buying Oracle/BEA/Sobrato Tower at 488 Almaden?
July 25, 2008
The Business Journal is reporting this morning that according to their sources, Legacy Partners is in fact that buyer of the Oracle/BEA/Sobrato tower located at 488 Almaden Blvd in San Jose which Oracle (ORCL: 22.48 -0.62%) acquired as part of the BEA acquisition. The Business Journal is reporting the sale at “nearly” $100M at about $275 [...]
Read More >>Possibly Brilliant Timing for Buyer of Oracle/Sobrato Tower; PWC Possibly on the Hunt
July 24, 2008
Rumor is that there is a Big Four firm on the troll to take down 150-200K SF of Class A office space in Downtown San Jose. The likely suspects consist of Deloitte, KPMG, PWC, and Ernst and Young. “Friends” inside E&Y indicate it is not them, KPMG is not a likely candidate, and Deloitte’s lease [...]
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