Harvest Properties, a full service commercial real estate investment and development firm based in Emeryville, today announced it has purchased 60 South Market Street in San Jose, California. Harvest Properties acquired the property from Ares Management with partner LaSalle Investment Management for an undisclosed sum. The transaction is the debut acquisition for Harvest and LaSalle as partners as well as the first investment for both in downtown San Jose. Investment brokers involved in the transaction include Jeffrey Weber, Greg Coith, and Edmund Najera of Eastdil Secured. 60 South Market … [Read more...]
Buildings Get Smarter and So Do Workplaces
In an era of rapid technological progress, is there a reason that an office complex or classroom building—both housing lots of smart people—can’t elevate its own IQ? In a smart building, software allows communications among traditionally separate systems running everything from lighting, heating and ventilation to security and telecommunications. The systems’ convergence creates a single intelligent network that allows a building to react dynamically to real-time conditions using input from every source attainable. Moreover, smart buildings are the backbone of smart work environments, … [Read more...]
Walkability of South Bay Cities
When Rockwood Capital and Four Corners Properties bought the Water Tower Plaza office and retail building in downtown Campbell, the “walkability” of the neighborhood was cited in the decision to buy. According to Seattle-based Web site and research company Walk Score, downtown Campbell is a “walker’s paradise.” Its 94-point score on a 100-point scale makes it one of the most walkable neighborhoods in Silicon Valley. We in the Bay Area hear a lot about the virtue of urban living, including benefits for the air, natural environment and public health. The region’s preoccupation has been … [Read more...]
Sale of Pacific Commons Shopping Center in Fremont
SAN FRANCISCO, CA – December 11, 2013 – HFF announced today the sale of Pacific Commons Shopping Center, an 865,783-square-foot regional power center in Fremont, California. Noted as one of the largest power centers in Northern California, HFF marketed the property on behalf of the seller, an affiliate of Catellus Development Corporation, a TPG Real Estate investment. Heitman purchased the asset which was subject to an existing loan. Pacific Commons Shopping Center is located at the southwest corner of Interstate 880 and Auto Mall Parkway. Completed in phases between 2004 and 2006, the … [Read more...]
Golden Triangle Shines in North San Jose
By Robert Carlsen of The Registry The term “Golden Triangle” harks back to a mysterious and perilous Southeast Asian geography that defies time. It’s also a place that defies law being one of two primary locations in Asia where illicit drugs are produced. There is a slice of Silicon Valley flanked by Highways 101, 237 and 880, and incorporating parts of Santa Clara, North San Jose, Sunnyvale and Milpitas that bears the same name. The golden moniker is an appropriate descriptor given the level of commercial, residential, retail, entertainment and hospitality real estate projects under way … [Read more...]
Berryessa Crossing Construction Update, October 2013
KB Home is well underway with the construction of 242 for-sale residential homes located on the north side of The Flea Market, bordering Berryessa Road in San Jose. The foundations for the model homes are being formed, and the finished models will open in December 2013. Borelli Investment Company represented The Flea Market in the sale of 9.5 net acres of excess land in February 2013. Borelli Investment Company is also the project manager on the development of the 120 acre site. As part of Phase I, Berryessa Road is being renovated in include sidewalks and infrastructure in order to … [Read more...]
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