Archives for March 2013

73 Office Buildings Acquired in Silicon Valley

bldgIvanhoé Cambridge Acquires 73 Office Buildings in Silicon Valley with Partners TPG and DivcoWest

Montreal, Quebec, March 20, 2013 – Ivanhoé Cambridge continues to develop its U.S. office portfolio and announces an investment in California’s Silicon Valley region through the acquisition of 73 office buildings in partnership with affiliates of TPG and DivcoWest, who jointly led the transaction which closed in late December 2012.

This opportunistic investment provides the partners with immediate access to 6.4 million square feet of leasable space with a very attractive potential long-term return.

Read the full story at The Registry here.

Nvidia to Build Silicon Valley’s Latest Wonder

The 250,000-square-foot floor plans envisioned for Nvidia’s new Santa Clara campus take to another new degree the rising corporate emphasis in the Bay Area on creating idiosyncratic workspace to fit specific business needs.

Electronic circuit-maker Nvidia Corp. said Feb. 20 that it intended to build a one million square-foot corporate headquarters expansion in two triangular buildings on a 24-acre site across from its existing campus at 2701 San Tomas Expressway.

Read the full story at The Registry here.

Expanding Santana Row Office Offerings

Santana Row Office SpaceFederal Realty Investment Trust is reconceiving the configuration of its wildly popular Santana Row development in San Jose to emphasize greater office use.

The Maryland-based real estate investment trust is pursuing plans to build 690,000 square feet of offices on three sites, including two existing surface parking lots within the 42-acre redevelopment’s existing footprint and a third site it is acquiring.

Read the full story in The Registry here.