Harris Stratex Takes Down 128K In Santa Clara

Harris Stratex Networks (HSTX: 7.32 0.00%) has leased the vacant 128,000 square foot Great American Place building. The company is moving its facilities from 120 Rose Orchard in San Jose.
The Great American Place/Plaza is a 3-story project sitting at 2903-2933 Bunker Hill and 5200 Great America Parkway (where Harris Stratex is going). The total project [...]

Applied Materials May Cut Up To 15% of Workforce

Three analysts are expecting Applied Materials (AMAT: 12.465 -1.31%) to make further cuts to its headcount, cuts which could amount to 15% of the company’s 12,600 or so employees. The Santa Clara company manufactures equipment for the production of semiconductors, an industry that is suffering from sharp declines in CapEx spending.
The company also had lay [...]

Yahoo’s New 3M SF Campus

Let’s see:

13, 6-story Class A Office/R&D building

Phase 1 – 946,000 square feet
Phase 2 – 1,168,000 square feet
Phase 3 – 946,000 square feet

3, 2-story amenity buildings (gym, cafeteria, etc.)
29 acres of usable outdoor space
All parking is located underground, 2-levels to be exact

Architecture by RMW. This will perhaps be a nice project someday, but seems like just [...]

Sun Micro Cutting 3,000 More Jobs

Awaiting to complete the takeover by Oracle, Sun Microsystems announced in a filing that it will be cutting approximately 10% of its workforce, or about 3000 employees. The cuts will likely be global, but locally Sun has a fairly big footprint in the South Bay and Peninsula markets.
Last month we wrote a quick post indicating [...]

Applied Puts Up For Sale 30-Acre Santa Clara Site

Applied Materials (AMAT: 12.465 -1.31%) has quietly put up for sale a 30-acre site in Santa Clara. The property is being offered unpriced. It’s an odd time to put the property up for sale considering the fact that they’ve carried it for a long time, including the last boom cycle where the land would have [...]

RREEF Portfolio Under Distress

RREEF was an aggressive acquirer of Silicon Valley real estate over the past several years. The acquisition spree began in earnest when RREEF acquired a large tract of R&D buildings in Silicon Valley from Equity Office. Following up that was the massive acquisition of the Peery/Arrillaga portfolio in 2006. The portfolio consisted of some 5M [...]

Intel Acquiring Alameda and Sunnyvale-Based Wind River Systems

Santa Clara-based Intel (INTC: 21.93 -1.22%) has announced that it is acquiring Wind River Systems for $884M. The acquisition comes on the heels of the fight over DataDomain by NetApp and EMC. As we suspected, we’re beginning to see an accelerated cycle of acquisitions take hold as companies with mountains of cash are empowered by [...]

EMC Makes Bid For Santa Clara’s Data Domain

EMC (EMC: 18.61 -0.16%) made a surprise all-cash bid of $30 per share for Santa Clara-based Data Domain (DDUP: 0.00 0.00%). If the company is successful in acquiring Data Domain out from under NetApp (NTAP: 32.38 -2.76%) which itself made an offer 10 days ago for Data Domain, EMC would expand its Santa Clara footprint [...]

Schwarzenegger To Propose Sale of San Quentin, Agnews

Schwarzenegger is set to propose today that the State of California sell San Quentin, Agnews, and other property around the state.
Locally, Agnews is an 81-acre site near Santa Clara and North San Jose surrounded mostly by Cisco Systems (click picture for larger view). The site is located at 3500 Zanker Road, and is general planned for [...]

Oracle to Acquire Sun Microsystems

After talks with IBM (IBM: 126.989 -1.08%) fell apart, Sun Microsystems (JAVA: 0.00 0.00%) has turned to Redwood Shores-based Oracle (ORCL: 24.995 -1.52%) to be its suitor. Interesting move to say the least, particularly since Oracle is expecting a 50% ROI within 2 years.