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 [...]
Read More >>Coyote Valley Plans Put on Hold
March 19, 2008
Over the past five years, a group of developers which included Shapell, Citation, and Keenan have been funding the planning process for Coyote Valley in South San Jose. The Coyote Valley has over the past two decades been considered as a place where companies could build additional campuses, with the latest campus plans belonging to [...]
Read More >>Santana Row Getting A 5-Story Retail/Office Building
February 13, 2008
Federal Realty, the owners of Santana Row have announced plans to build a 5-story office and retail project on a one-acre site within the complex.
The building will feature 4-stories of office in a 15,000 SF floor plate above 15,000 SF of ground floor retail. The steel construction building is estimated to cost approximately $42M and [...]
Vietnam Town Troubles Continue
February 4, 2008
We previously wrote a short piece on Vietnam Town’s troubles back in November about the work stoppage at the site and the lender halting payments.
It seems financial problems continue to affect the development now that some of the sub-contractors have filed to seek foreclosure of the site to satisfy monies they are owed for work.
There [...]
High Speed Rail in San Jose
December 21, 2007
The California High Speed Rail Authority has voted to include San Jose on the San Francisco-to-Los Angeles High Speed Rail that it is planning. The 200MPH rail was voted to travel through San Jose’s Diridon station which at some point is slated to become a stop for VTA, CalTrain,AltaMont, and BART trains.
The cost of the project [...]
Boston Properties Acquires North First Business Park in San Jose
December 15, 2007
Boston Properties has closed on their purchase of North First Business Park in San Jose. The park is comprised of eight office and R&D buildings totalling 367,000 square feet on 24 acres of land. The seller was an affiliate of Goldman Sachs. The purchase price was $71.5 Million.
The property is bound by Zanker Road, Daggett Drive, and First [...]