The Carlyle Group is buying Lincoln Court, one of the few higher-end office complexes in Campbell, in a deal rumored to be roughly $41 million, or $335 per square foot. Principal Global Investors is the seller. Campbell is a market with limited inventory, and brokers say the West Valley city is poised to pick up as tenants get pushed out of nearby markets such as Los Gatos, where Netflix has continued to gobble up space. In a sign of bullishness on the market, Carlyle is raising asking rents at the 124,000 square foot, courtyard-style building located at 2105 S. Bascom Ave. to $3.75 per … [Read more...]
Featured Property – Solar Row
644sf to 1953sf office space available now in San Jose at Solar Row! Solar Row is located on Winchester between Hamilton and 280, near Santana Row. 473 sf to 25,717 square feet office space 3 story office complex Convenient street access and abundant parking High street visibility On site banking Monument signage available Close to restaurants and retail services at Santana Row & Westfield Valley Fair Mall Near highways 880 & 280 Visit Solar-Row.com for more information Here are the current vacancies at Solar … [Read more...]
Multifamily Development Segment Rides a Perfect Storm
As 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, … [Read more...]
Are You Ready for Some Silicon Valley Football?
Are You Ready for Some Silicon Valley Football? Few 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 … [Read more...]
Rehab of Hangar One and Use of Moffett Federal Airfield
GSA, NASA Competitively Select Planetary Ventures, LLC to Begin Lease Negotiations for Rehabilitation of Hangar One and Use of Moffett Federal Airfield The U.S. General Services Administration (GSA) and NASA have selected Planetary Ventures, LLC as the preferred lessee on a lease to rehabilitate historic Hangar One and to manage Moffett Federal Airfield, currently managed by NASA’s Ames Research Center in Moffett Field, Calif. The lease will put Hangar One to new use and eliminate NASA’s management costs of the airfield.Hangar One NASA GSA’s Request for Proposals (RFP), issued on behalf … [Read more...]
Tech Jobs Incredibly Positive for 2014
The San Francisco-Silicon Valley region experienced a sizzling 2013 in real-estate development and job growth that were fueled by a young technology crowd. More of the same is forecast for 2014 although the pace will not be quite as dizzying. Read the source article at The Registry, here. Bay Area real estate The RegistrySan Francisco and Silicon Valley will also increasingly become symbiotic as tech companies from the Peninsula to the South Bay continue to beef up their office presence in the big city in an effort to attract highly skilled employees who are seeking the urban … [Read more...]
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