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Sobrato Nabs McAfee for 240K SF and What It Means For The Market

April 2, 2010

Tweet Sobrato has managed to bag McAfee for ~240K square feet – and potentially more – at its Santa Clara campus. The Registry has some info on the deal as well. The deal is a great one for Sobrato, which has Yahoo! on lease until the end of July. The buildings are located at 2811 […]

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Trouble in North San Jose For Tishman Speyer

June 29, 2009

Tweet Tishman Speyer has defaulted on the loan it used to finance the purchase a 40 acre site from BEA Systems in 2007. Tishman paid about $60 psf ($108M) for the site in March of 2007, which BEA Systems then parlayed into the purchase of the office tower at 488 Almaden from Sobrato. Tishman had […]

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Oracle Tower Going Sony?

February 23, 2009

Tweet Sony has been in the market for quite some time with a requirement of roughly 300,000-400,000 square feet. They’ve been rumored in the past to be looking at sites from the South Bay up the Peninsula, including Jay Paul’s Moffett Towers project. We’ve heard that they are now seriously considering the Oracle/BEA/Sobrato Tower at 488 N […]

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It’s Official: Yahoo! Vacating Mission College Campus

January 26, 2009

Tweet Yahoo! (YHOO: 38.51 +0.52%) is officially vacating it’s Mission College (2811-2821 Mission College) campus. They have listed the space for sublease even though there is only 1-year left on the sublease. The space is roughly 385,000 square feet and will be available on May 1. The buildings can be delivered furnished and have a […]

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Yahoo! Set To Introduce 385,000 SF of Vacancy to Santa Clara

January 23, 2009

Tweet Yahoo! (YHOO: 38.51 +0.52%) is reportedly getting ready to vacate a large chunk of Class A office space in Santa Clara, and we’ve heard its at its Mission College Campus located at 2811-2821 Mission College Blvd. The two buildings combine for a total of approximately 385,000 square feet. The effects of the layoffs Yahoo! […]

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Sobrato-Oracle Building at 488 Almaden To Go Full Circle?

September 26, 2008

Tweet Since Legacy Partners dropped its plans to acquire the 388,000 square foot Oracle Tower in San Jose, Oracle has had a bit of difficulty in rounding up another buyer. In fact, last week at the CoreNet/ULI event in Foster City, Randy Smith, the VP of facilities and global real estate for Oracle confessed that the […]

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Legacy Partners Drops Sobrato-Oracle-BEA Tower Deal

August 19, 2008

Tweet Rumor is that Legacy couldn’t secure the financing it needed to acquire the Sobrato/Oracle/BEA Tower in downtown San Jose and has dropped its acquisition plans for the 388,000 square foot tower located at 488 Almaden Blvd in Downtown San Jose. DivcoWest which was rumored to be in the running for the building previously is again […]

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Legacy Partners Buying Oracle/BEA/Sobrato Tower at 488 Almaden?

July 25, 2008

Tweet The Business Journal is reporting this morning that according to their sources, Legacy Partners is in fact that buyer of the Oracle/BEA/Sobrato tower located at 488 Almaden Blvd in San Jose which Oracle (ORCL: 41.53 +0.63%) acquired as part of the BEA acquisition. The Business Journal is reporting the sale at “nearly” $100M at about […]

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Possibly Brilliant Timing for Buyer of Oracle/Sobrato Tower; PWC Possibly on the Hunt

July 24, 2008

Tweet Rumor is that there is a Big Four firm on the troll to take down 150-200K SF of Class A office space in Downtown San Jose. The likely suspects consist of Deloitte, KPMG, PWC, and Ernst and Young. “Friends” inside E&Y indicate it is not them, KPMG is not a likely candidate, and Deloitte’s […]

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Who is the Buyer of the Sobrato-BEA-Oracle Building at 488 Almaden Blvd?

June 18, 2008

Tweet Word is a buyer has been picked by Oracle Corporation (NASDAQ:ORCL). BEA paid about about $335 psf ($130M) in 2007 for the 388,000 square foot tower. You can read more about the story of the tower in a previous post. If I had to guess, I’d say the building will trade for significantly less than what […]

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