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Facebook Expands in Palo Alto; Subleases 265K Square Feet

December 15, 2009

Tweet 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 […]

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Subleases Now Account For 40% of Midtown Manhattan Office Space

May 26, 2009

Tweet 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 […]

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Yes, Even Sand Hill Is Not Immune

April 1, 2009

Tweet 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. […]

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Symantec Taking Down Whisman Campus

March 17, 2009

Tweet 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: 24.19 -1.39%) would make this move, because it could also take advantage and lockup space at the adjacent (former) […]

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Schwab Putting 375,000 SF for Sublease in San Francisco

March 9, 2009

Tweet Charles Schwab (SCHW: 29.26 -0.88%) 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 […]

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Tenants Concerned About Landlord Financials

March 4, 2009

Tweet 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 […]

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It’s Official: Yahoo! Vacating Mission College Campus

January 26, 2009

Tweet Yahoo! (YHOO: 42.55 -0.77%) 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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Avaya Brings Online 140,000 Square Feet of R&D and Office Space For Sublease in Milpitas

December 11, 2008

Tweet 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 […]

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Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round

December 10, 2008

Tweet Sunnyvale-based Yahoo (YHOO: 42.55 -0.77%) began its latest round of layoffs today. The estimate is that 1,500 employees will be laid off worldwide in this latest round. Both analysts covering Yahoo! as well as friends working for the company estimate that there are still several thousand more employees within the company whose jobs could be […]

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Google Puts An Additional 128,000 Square Feet Up For Sublease In Mountain View

December 10, 2008

Tweet Google (GOOG: 573.10 -0.44%) has put on the market an additional 128,000 square feet for sublease in Mountain View. The 3-building campus is located at 2375 Garcia Avenue, 2350 Bayshore Highway, and 1500 Salado Drive. Unlike much of Google’s other real estate, and similar to 395 Page Mill Road (which Google put up for […]

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