Latest Articles
NVIDIA Planning Two Million Square Feet Campus in Santa Clara
April 14, 2008
Coming on the heels of its recent $150M purchase of the San Tomas Business park, NVIDIA is working to put the pieces in place to develop approximately 2,000,000 square feet of office and R&D space on the site. The park and an adjacent 11-acre piece consists of 475,000 square feet of office and R&D space spread across 10 [...]
Centex Bails Out Of Plant 51 Project and More
April 10, 2008
Centex has sold approximately 8,500 residential lots and units to Farallon Capital Management, RSF Partners, and Greenfield Partners. Part of the sale, which came in at an effective $455 Million after factoring in tax refunds back to Centex, included the Plant51 project in San Jose. According to the Business Journal, Centex did not even sell a [...]
Startups Today, VC’s Tomorrow
April 10, 2008
We’re starting to see more reports of the credit crunch infecting Silicon Valley make the mainstreem press. IHT came out with an article the other day discussing how startups in Silicon Valley are beginning to feel the crunch. For the most part, landlords and brokers have remained fairly bullish on the prospects of Silicon Valley with some [...]
Brocade In Talks to Lease @First Office Park at First & 237
April 4, 2008
The latest “big news” is that Brocade is in negotiations to lease the Phase I buildings of Hunter/Storm’s office project located at the SEC of 237 and First Street. The project is a JV between Hunter/Storm of Cupertino and MacFarlane Partners out of San Francisco. The project entails 4 Class A office buildings totaling 880,000 [...]
Mile High Tower in Saudi Arabia
March 31, 2008
The owner of the Savoy Hotel in London, Prince al-Walid bin Talal, is proposing a Mile High Tower in a sea port town near Jeddah in Saudi Arabia. This building, if it is even possible, would be more than twice the height of its nearest competitor. Estimated to cost approximately $10 Billion dollars to construct, [...]
Green Building Requirements Becoming Mandatory
March 24, 2008
The San Francisco Building Inspections Commission voted in favor on enacting new green building requirements. The requirements would require almost all commercial buildings (those bigger than 5,000 square feet) to comply with LEED standards. In addition, residential structures exceeding 75 feet in height and other buildings in excess of 25,000 square feet must also comply [...]
Economic Stimulus Act Includes Provision For Commercial Construction
March 24, 2008
Under current law, only 2.5% of a improvement costs to a commercial (or residential) property could be written off in the first year. The new economic stimulus package now allows for up to 50% of the improvement costs to be written off the first year provided the work is started and completed this year. This [...]
KT Properties Picks Up 1 S Market in Downtown San Jose
March 24, 2008
KT Properties has acquired the property locatd at 1 South Market St in Downtown San Jose from Haury Properties. Plans for the site include high-rise condominiums but could be changed to office if the demand materializes. KT and its partners are currently developing the AXIS residential condo project located at Santa Clara and N Almaden [...]
Hewlett Packard Reducing Real Estate Footprint by 25% in Cupertino and Palo Alto
March 19, 2008
As part of their cost cutting plan, Hewlett Packard is reducing its footprint in Cupertino and Palo Alto by approximately 25%. In addition, HP has in the recent past been divesting some assets it owned in the South Bay cities of Cupertino and Mountain View. The plan is to more efficiently use space and is [...]
Coyote Valley Plans Put on Hold
March 19, 2008
Over the past five years, a group of developers which included Shapell, Citation, and Keenan have been funding the planning process for Coyote Valley in South San Jose. The Coyote Valley has over the past two decades been considered as a place where companies could build additional campuses, with the latest campus plans belonging to [...]
