Electronic Arts To Slash 1500 Jobs
November 10, 2009
Redwood Shores’ Electronic Arts (ERTS: 16.36 +1.55%) has announced that it will be cutting about 1500 additional jobs. These jobs cuts come on top of about 1100 jobs in February of 2009 cut in and 600 in October of 2008. The company recently bought its headquarters in Redwood Shores for some $233M.
Read More >>Getting Warmer: EOP Drops Redwood Shores Rents Again
May 28, 2009
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. For [...]
Read More >>EOP Cuts Redwood Shores Office Rents Again
March 6, 2009
Back in January we had a post about falling rents in Redwood Shores. Less than two months later and Equity Office has cut the rates again. On February 19th, EOP cut rates at its 201-203 Redwood Shores buildings to $3.35 FS from $3.65 (-8%), and today EOP cut its asking rents at 255 & 275 [...]
Read More >>Shake-Up at Grubb & Ellis San Jose
February 18, 2009
The Business Journal is reporting on more movement at Grubb & Ellis locally. Bill Hvidt, who was managing director at Grubb & Ellis since 2004 is returning to full-time brokerage and Mark Geisreiter is coming on board as Managing Director of the SF, SJ, Redwood City, and Walnut Creek offices. Geisreiter is an outsider and [...]
Read More >>Measure V and Measure W in Redwood City Fail to Pass
November 5, 2008
Two controversial measures in Redwood City failed to get enough votes to become law. Measure V and Measure W, which would have required require two-thirds voter approval for development on Open Space lands (measure W) and on Cargill’s salt flats (Measure V) were struck down. Measure V was voted down by a margin of only about [...]
Read More >>Prop 1A – High Speed Rail Measure Set to Pass
November 5, 2008
Video Rendering of San Jose Diridon Station With 92% of the precincts reporting, Prop 1A looks set to pass with 52% voting Yes. The ballot measure, officially called the “Safe, Reliable High-Speed Passenger Train Bond Act” essentially authorizes the state to sell up to $10B worth of bonds to finance the construction of a high-speed [...]
Read More >>Electronic Arts and Motorola Announce Layoffs
October 31, 2008
The layoff trend continues as companies try to reign in costs and get in front of the economic “problem”. Small companies continue to cut staff, but the big ones this week were from Motorola and Electronic Arts. Motorola announced it will be laying off 3,000 employees and Electronic Arts 600. Electronic Arts maintains its headquarters [...]
Read More >>Stanford Plans 1.5 Million Square Feet Expansion in Redwood City
August 5, 2008
As Stanford finishes building its outpatient center in Redwood City this year, it is looking forward to adding additional density at the site. The clinic is scheduled to be completed in the coming 2-3 quarters and Stanford is already working on plans to expand the site beyond the outpatient clinic. Stanford’s future plans for the site include an [...]
Read More >>Second Quarter Silicon Valley Office Space Leasing Activity
July 24, 2008
The list below represents the top lease transactions which occurred in Silicon Valley during the second quarter of 2008. Tenant Address Submarket Sq. Feet Class Blue Coat Systems 410-420 N Mary Avenue Sunnyvale 233,174 B EMC Corporation 2350 W El Camino Real Mountain View 105,143 A Symbol Technologies 6480 Via Del Oro San [...]
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