San Jose’s City Council has approved a trio of agreements with Samsung Semiconductor Inc. to build a 680,000-square-foot research and development campus and new North American headquarters in North San Jose. The project is expected to involve a capital investment of no less than $200 million, assuming an estimated per square foot construction cost of about $300 and excluding the value of business equipment required to outfit the facility. The campus, which is proposed to include two, 10-story towers, is expected to house 2,000 workers. Samsung has an existing 300,000-square-foot complex … [Read more...]

It’s one of those winter days in the Bay Area where winds and a downpour are going to make that sprint from the parking lot to your office building a wet mess. If only the adjacent parking garage had any spaces. Lucky for you, you’re on speaking terms with the building. Yes, the building. It tells you that there are two spaces unfilled and one of them is near the fourth-level elevator. That “conversation” is not science fiction. And that isn’t all that a “smart” building might tell its tenants and owners. “There are a couple of trends we see in the industry,” said David Marks (pictured), … [Read more...]