AOL Puts Up 130K For Sublease
July 27, 2010
That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.
Read More >>AOL Takes Down 395 Page Mill Road
July 22, 2010
AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the space [...]
Read More >>Facebook Expands in Palo Alto; Subleases 265K Square Feet
December 15, 2009
It was only matter of time, but Facebook has made the decision to expand again. This time, Facebook has struck a deal for the 265,000 square foot, 3-building facility at 1050 Page Mill Road. About 14 months ago, Facebook leased 137,000 square feet at 1601 California Avenue. The sublease from Beckman Coulter consists of 135,000 [...]
Read More >>Subleases Now Account For 40% of Midtown Manhattan Office Space
May 26, 2009
From the NYT: In Midtown Manhattan, for example, 13 percent of prime, modern, well-located offices — which brokers often refer to as Class A space — was available in April, up from 6.5 percent a year earlier, according to Colliers ABR, a commercial real estate services company. And sublets now account for some 40 percent [...]
Read More >>Yes, Even Sand Hill Is Not Immune
April 1, 2009
Sand Hill Road is a unique place. It’s regarded by many as the place where many of the Valley’s top shelf venture capitalists, investors, hedge funds, and other financiers congregate. The membership fee to join this exclusive club is paid in the form of office rents that are four times the Silicon Valley average. But [...]
Read More >>Symantec Taking Down Whisman Campus
March 17, 2009
About two weeks ago we noted that Symantec had plans to sell off its Cupertino assets, and relocate to Mountain View. At the time it made a lot of sense to us that Symantec (SYMC: 13.97 -0.78%) would make this move, because it could also take advantage and lockup space at the adjacent (former) Mercury [...]
Read More >>Schwab Putting 375,000 SF for Sublease in San Francisco
March 9, 2009
Charles Schwab (SCHW: 13.77 +1.70%) is putting roughly 375,000 SF up for sublease at One Montgomery according to GlobeSt. Schwab occupies some 1,273,000 square feet in the San Francisco Bay Area, with a supermajority of that concentraded in San Francisco. The 375,000 SF vacancy would represent one of the largest blocks of office space available in San [...]
Read More >>Tenants Concerned About Landlord Financials
March 4, 2009
The NYT had an article yesterday about tenants scrutinizing landlord’s financials as a precaution against the property owners getting into financial trouble or losing the building to the lender. We’ve discussed in extensive detail over the past year how deteriorating commercial rents, and an increasingly difficult (or impossible for many) lending environment is putting unprecedented [...]
Read More >>It’s Official: Yahoo! Vacating Mission College Campus
January 26, 2009
Yahoo! (YHOO: 13.51 +1.05%) 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 capacity [...]
Read More >>Avaya Brings Online 140,000 Square Feet of R&D and Office Space For Sublease in Milpitas
December 11, 2008
Avaya has put up for sublease approximately 140,000 square feet of office and R&D space in Milpitas. The 140,000 square feet is spread across two buildings, is Plug N’ Play with furniture, and has an asking rent of $1.25 NNN. The sublease runs through March 2012. The buildings are directly across from Cisco’s 410,000 square [...]
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