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Silicon Valley Layoff Announcements

November 5, 2008

Tweet Another day….and another set of layoff announcements around the valley. The latest companies to announce layoffs are: LinkedIn – Mountain View, CA 10%, or 36 employees AMD – Sunnyvale, CA 3%, or 500 employees cuts to be global Cadence – San Jose, CA 12%, or 625 employees Intersil – San Jose, CA 9%, or […]

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Layoffs at Dash Navigation of Sunnyvale

November 4, 2008

Tweet Though not a large company, Sunnyvale-based Dash Navigation has laid off 2/3 of its staff (about 50 employees) in a move which is indicative of what is happening with many Silicon Valley startups. Trying to get in front of the curve, both startups and well established Silicon Valley companies are either halting growth or […]

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Harmonic in the Market for 150-200K Square Feet in Sunnyvale

October 9, 2008

Tweet Harmonic Inc. (HLIT: 6.67 +2.62%), the Sunnyvale provider of headend products for cable, satellite, and IP networks is said to be in the market for roughly 150K square feet of R&D space. The company currently leases space north of 237 in the Moffett Park submarket of Sunnyvale with the headquarters building being owned by […]

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Mellanox Takes Down 26K SF in Sunnyvale

October 6, 2008

Tweet Mellanox Technologies has signed a 65-1/2 month lease for 25,523 square feet at 350 Oakmead Parkway in Santa Clara. The rental rate is $2.25 per month, fully-serviced, with 2% annual escalations. Concessions included 5 1/2 months of free rent, and up to $25 per square foot in tenant improvement dollars. The company will be […]

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Amazing Sunnyvale – TMG and Principal Moving Forward to Bring Another 100K SF of Office Online

October 1, 2008

Tweet The Martin Group and its JV partner Principal Global Investors have plans to break ground shortly on 384 Santa Trinita Ave, a four-story Class A office project in Sunnyvale. The building will feature 25,000 square foot floor plates, and 3.35/1000 parking. This development would dump another 100,000 square feet of space on top of […]

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Moffett Towers Might Finally Be Getting a Tenant

September 22, 2008

Tweet Things haven’t gone as planned for the Moffett Towers project in Sunnyvale. Since being substantially completed in late 2007, the 1.8 million square foot (when all completed) project has sat empty waiting for a tenant. The landlord reduced rental rates from $3.25 NNN to $2.95 NNN some time ago, and still has no big deals to announce. […]

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California and Silicon Valley Unemployment Rate Numbers

September 5, 2008

Tweet Numbers today came out for the national unemployment rate, and it is no surprise that the numbers continue to rise. The national rate now stands at 6.1%, a five-year high. These numbers don’t tell us much about California and Silicon Valley, so the graph to the right and data below represent the trends for the […]

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Second Quarter Silicon Valley Office Space Leasing Activity

July 24, 2008

Tweet The list below represents the top lease transactions which occurred in Silicon Valley during the second quarter of 2008. Tenant Address Submarket Sq. Feet Class Blue Coat Systems 410-420 N Mary Avenue Sunnyvale        233,174 B EMC Corporation 2350 W El Camino Real Mountain View        105,143 A Symbol Technologies 6480 Via Del Oro […]

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RREEF Portfolio Sale Moving Forward

July 22, 2008

Tweet RREEF is moving forward with its sale of a twenty-building portfolio it acquired as part of a larger 120 building portfolio from Peery Arrillaga two years ago. RREEF was reported to be seeking $250 psf for the portfolio, but we’ve heard the price is coming in well below that mark, somewhere around $200 per foot. […]

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Blue Coat Systems Signs 233K Square Feet Lease in Sunnyvale

July 2, 2008

Tweet Blue Coat Systems (NASDAQ: BCSI) has extended its lease at 420 Mary Avenue in Sunnyvale. In addition, Blue Coat signed a lease to take an additional 116,586 square feet at 410 Mary Avenue. The buildings are 3-story Class B+ Office/R&D buildings owned and developed by Jay Paul Company out of San Francisco, the same […]

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