120-Acre San Jose Flea Market Site Put Up For Sale
May 28, 2008
The San Jose Flea Market land is up for sale. The 120-site, after going through nearly a decade of entitlements, has been put on the market for sale. The site is entitled for nearly 2900 homes and 350,000 square feet of commercial space (office and retail).
The site is a vast flat parcel in the middle [...]
Brocade Acquires North First Street Land in San Jose for Office Park
May 27, 2008
Brocade, in an SEC filing dated today indicated that it has acquired land on North First Street for the construction of a 562,000 SF office project. We were previously the first to report on April 4th that Brocade was in negotiations to lease the project, however; as it turns out the transaction actually involved a [...]
Read More >>Land Deal Approved by City Council; Earthquakes Stadium One Step Closer
May 22, 2008
The San Jose city council approved a plan by Oakland A’s and San Jose Earthquakes owner Lew Wolff to develop a mixed-use office, hotel, and retail project near the San Jose airport. The property which encompasses 66 acres will contain roughly 100K SF of retail, a 300-key hotel, and 1.5 million square feet of office [...]
Read More >>Oracle/BEA Tower On The Market
May 20, 2008
Oracle has put up its tower at 488 Almaden Blvd. on the market for sale. BEA paid about $335 per square foot for the building last year in hopes of moving workers from its north first street campus over but instead Oracle has decided to turn around and put the vacant building back on the [...]
Read More >>Silverstone Properties Fails in its Bid to Rezone Property
May 12, 2008
After spending nearly two years working to entitle 7 acres of commercial property in West San Jose for housing, Silverstone Properties came up a vote short in the city council. The council voted this past week 6-5 against the rezoning of the property from its current office/industrial use to residential.
The mayor and the city have [...]
Centex Bails Out Of Plant 51 Project and More
April 10, 2008
Centex has sold approximately 8,500 residential lots and units to Farallon Capital Management, RSF Partners, and Greenfield Partners. Part of the sale, which came in at an effective $455 Million after factoring in tax refunds back to Centex, included the Plant51 project in San Jose. According to the Business Journal, Centex did not even sell a [...]
Read More >>KT Properties Picks Up 1 S Market in Downtown San Jose
March 24, 2008
KT Properties has acquired the property locatd at 1 South Market St in Downtown San Jose from Haury Properties. Plans for the site include high-rise condominiums but could be changed to office if the demand materializes. KT and its partners are currently developing the AXIS residential condo project located at Santa Clara and N Almaden [...]
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