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San Jose’s Green Vision Plan – Build/Retrofit 50M Square Feet by 2015

October 15, 2007

Tweet As part of San Jose Mayor Chuck Reed’s “Green Vision” Plan, the city has laid out a set of 10 goals it looks to achieve in 15-years time. One of those goals is the development or rehab of 50M square feet of commercial structurs in 15-years. A lofty goal for sure, and one that […]

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Park Center Plaza Sold to BPG Properties

October 14, 2007

Tweet Divco West has finally sold the Park Center Plaza mixed-use complex in San Jose. The complex, which primarily consists of office space was sold to BPG Properties of Philadelphia for $169.5 Million. The complex was acquired by Divco West through two transactions in 1998 and 1999 for approximately $110 Million.

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San Jose Housing Development Still Hot; Oakland Not

October 8, 2007

Tweet As the city of San Jose gives the go-ahead and developers push on with residential projects in San Jose, Oakland is beginning to see constructions halts and plans being shelved. The Olson Co. has halted construction on its 252 Unit, 7-Story CityWalk project in Oakland about half-way through construction. According to a BizJournal article, […]

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Merrill Lynch Eliminating Jobs at First Franklin in San Jose

September 21, 2007

Tweet Merrill Lynch is eliminating jobs in San Jose at its First Franklin subsidiary, the subprime lender purchased approximately 10 months ago for $1.3 Billion. First Franklin is located at 2150 North First Street in San Jose. The downturn in the Alt-A mortgage market has led many mortgage lenders and brokers to close up shop […]

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