Latest Articles
San Jose Update
March 1, 2010
The Redevelopment Agency has issued its monthly report and while activity at downtown San Jose condos seems to be improving, sales continue to be extremely slow: 360 Residences – 0/213 Units Closed Escrow (but they are getting a Subway on the ground floor!) Axis – 86/329U Closed Escrow City Heights – 95/124 Units Closed Escrow [...]
Dimon: California Larger Risk Than Greece
February 28, 2010
Jamie Dimon, the chief of JP Morgan Chase has indicated that California poses a larger risk than Greece. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest of the United States, had problems making debt repayments. Dimon isn’t the [...]
Bloom Energy
February 24, 2010
In case anybody missed it on 60 minutes… Sunnyvale-based Bloom Energy… Watch CBS News Videos Online
Moodys’ Commercial Property Price Index Increases 4.1% In December
February 22, 2010
Moody’s CPPI registered another gain for December. The index rose by 4.1% in December, following a 1% increase in November, marking the second consecutive month of increases. Despite transaction volumes up dramatically over previous lows, and prices beginning to rise, Moody’s remains cautious on the future, citing in its report that “it would be naïve [...]
Record Breaking Land Site Headed Back to Bank
February 19, 2010
Back at the top of the market in 2007, Candy & Candy acquired an 8-acre development site in Beverly Hills. The price? $500,000,000 – or some $1400 per square foot! Just three years earlier, the seller, New Pacific Realty, had acquired the site for $33.5M. It was encumbered with a long-term lease to the Robinson-May [...]
Mountain View Considering Upping North Bayshore FAR
February 18, 2010
Google has devoured much of the Shoreline and North Bayshore area of Mountain View and now is seeking to work with the city of Mountain View to make the city “a model for Silicon Valley”. This entails bringing in MUX and residential uses, and increasing the FAR. My bet is public transportation (rightly so) is [...]
Creditors Push For Auction of Whistler on Friday
February 18, 2010
The site of the 2010 Winter Olympics may be headed for auction on Friday. Apparently investors in the resort are back on payments on a $524M loan the used to acquire Whistler and other resorts and creditors are pushing for a sale to happen as soon as Friday. The story begins in the distant days [...]
AvalonBay Resuming Apartment Construction
February 18, 2010
After nearly a year of halting new construction, AvalonBay has resumed apartment construction. The company has plans to construct some $400M of new apartment product as the company and others begin to wager that jobs will return and apartment vacancy rates will plummet. AvalonBay, based in Alexandria, Virginia, is putting shovels in the ground when [...]
2010 Silicon Valley Index Released
February 17, 2010
Joint Venture Silicon Valley Network has released its comprehensive Silicon Valley Index for 2010. The 76-page report covers everything Silicon Valley, from governance, to economy and society. The full report can be downloaded from here. We’ll also link to it from our link bar. [via Joint Venture]
Premier Retail Location in Default
February 16, 2010
Remember the Premier Retail Location by Santana Row we blogged about back in October? Well not surprisingly, the asset is now in default. On the one hand, only big rents can save this thing, but on the other what is the point of marketing it at a ridiculous rent and simply spinning your wheels? Looking from [...]
