Archives for March 2014

Multifamily Development Segment Rides a Perfect Storm

crescentAs the commercial building boom accelerates within the South Bay’s Golden Triangle district, the burgeoning North San Jose tech district bounded by highways 101, 880 and 237, future workers will be able to take advantage of new residential options rising in the surrounding regions and linked by bus, light rail and, in the near future, BART.

Tech giants such as Samsung and others are expanding their operations within the Golden Triangle while other major players, such as Adobe, Acer, Oracle and Pinger, continue to lure technology workers within the downtown San Jose core. These workers, according to Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast, are predominately Millennials (18-33) who prefer to live close to work in more densely populated areas rife with restaurants and shops.

Read the full story at The Registery, here.

Are You Ready for Some Silicon Valley Football?

Are You Ready for Some Silicon Valley Football?

footballFew things conjure images of extreme excitement and fan devotion as football, and especially the Super Bowl. For cities that play home to National Football League franchises, they are gifts that keep on giving and giving. It is precisely the reason why Silicon Valley’s Fifteenth Annual Trends 2014 Real Estate Forecast, hosted by Colliers International on Wednesday in San Jose, made the new San Francisco 49ers Levi’s stadium in Santa Clara—home to the league’s fiftieth annual Big Game in 2016—the centerpiece of its commercial real estate panel.

Jonathan Harvey, the Turner-Devcon project director of the 21-acre Levi’s stadium site, says the field will be ready for play on August 2, just 5 months away, when the San Jose Earthquakes will host their first soccer match there. The field itself is well underway and nearly ready to sod. The US Golf Association sand-based natural turf has been growing for the last year in Livingston, Calif., and the sod will be brought to the job site shortly. Since the project broke ground in late April 2012, the Devcon-Turner team has been busy preparing the 68,991 seat LEED Gold-certified stadium for its fall 2014 debut.

Read the rest of the story at The Registry, here.