NEWS
posted by Sally Andreetta - Thursday, November 19
Medical Surgery Center Sells in Pleasanton, CA
Fully leased building sold on Stoneridge Drive for $2.73 million.
The medical building was never on the market but the Gilberts were willing to sell.
posted by Catherine Phillips - Tuesday, November 10
Shorensteins Prevail in Bid for S.F. Building
The Shorenstein family has purchased the note for 188 Spear at a 56% discount, $172.00 per square foot.
Prudential Real Estate Investors is in contract to sell the 147,000-square-foot office property to Shorenstein for $170 a square foot, a 56 percent drop from the $385 a square foot or $56.9 million that the city assessed the south financial district property for last fiscal year. The only other Class A financial district building to sell this year, 250 Montgomery St., traded for $172 a square foot — also a 56 percent drop from its previous sale in 2006.
posted by Sally Andreetta - Friday, November 6
Cawley Partners Sells Two NorCal Buildings
Cawley Partners has sold two Northern California buildings totaling 190,000-square feet to a private investor for a total of approximately $28 million, all cash, The two-story, tilt-wall properties are located at 10000 Goethe Road in Sacramento and 1650 Harbor Bay Parkway in the East Bay community of Alameda
“We’re seeing a tremendous amount of private capital coming into the market [whereas] institutional capital is mostly still on the sidelines,” Suharski tells GlobeSt.com.
posted by Sally Andreetta - Wednesday, November 4
What the pros say about Commercial real estate recovery
The fourth quarter 2009 LoopNet Pulse Poll said the number of respondents that think commercial real estate transactions will rebound in 2011
Respondents said lack of access to debt financing was the No. 1 barrier to recovery
posted by Joe Campi - Monday, October 26
Vacancy increases in Silicon Valley
Silicon Valley is looking for bottom in terms of vacancy
But it was vacancy in the research and development sector, or R&D, that Scott found most troubling. Vacancy rose to 16 percent, in large part because tech companies continued to lay off workers. One example cited by Grubb & Ellis was Lam Research Corp., which is based in Fremont. The firm returned 103,000 square feet to the market after reducing its work force by 375 employees.
posted by Sally Andreetta - Thursday, October 22
Marina Foods Pays $4.5M for Fremont Bldg
The property is part of the new retail condo development, Fremont Time Square.
East Bay-Asian grocer paid roughly $150 per square foot for freestanding cold shell structure
posted by Randy Sierra - Wednesday, October 21
BofA agrees to sell First Republic Bank
Read to find out who is buying and how much they agreed to pay.
When word emerged earlier this year that First Republic was on the sales block, the Business Times heard from several wealthy individuals and private equity firms interested in considering investing in a newly independent First Republic.
