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1st Hot ’spec’ deal in S.F.

Hot ’spec’ deal 1st in S.F. since recession began.

Below is a link to the “Hot ’spec’ Deal 1st in S.F. Since Recession Began” article of the San Francisco Chronicle:

Real Estate Economy is Moving Again in the South Bay

A sign of things to come or simply a developer taking advantage of a shortage of good quality rental apartments in the area? In either instance this is a good sign that the real estate economy is moving again in the South Bay – which has been the last submarket to witness firsthand the recovery in the Bay Area.

Below is a link to the “218-Apartment Mixed-Use Project Planned in San Jose” article of The Silicon Valley/San Jose Business Journal:

Willow Glen Project Leasing Up

Willow Glen’s $10MM Town Square project nears completion. If you’re in the neighborhood you should check this out. Good looking project which will add much to the already vibrant downtown Willow Glen.

Below is a link to the “Willow Glen Project Leasing Up” article of The Silicon Valley/San Jose Business Journal:

Sale of 535 Mission Street

Sale of 535 Mission Street could top $70M – but that includes materials…..really?

Below is a link to the “Sale of 535 Mission St. Could Top $70M” article of The San Francisco Business Times:

FACEBOOK NEWS

Working the system or being a prudent tenant? Facebook is reportedly eyeing expansion space in Newark (i.e. the other side of the bay). The price differential between Menlo Park and Newark is CRAZY – and would be a very prudent move as it pertains to keeping occupancy costs down. But we are talking about Facebook here. Are they really going to expand in Newark or, as I suspect, are they just testing the resolve of Menlo Park’s planning department (whom they are looking for expansion approvals from) who, by reputation, can be both difficult and slow to deal with? Slow and difficult – two qualities that go hand in hand with the world of social media (extreme sarcasm).

Below is a link to the “Facebook Shops for Campus Options Beyond Menlo Park” article of The Silicon Valley/San Jose Business Journal:

Lew Wolff, Partners Sell Fairmont S.F.

Lew Wolff, Partners Sell Fairmont S.F. for $200M

Below is a link to the “Lew Wolff, Partners Sell Fairmont S.F. for $200M” article of The Silicon Valley/San Jose Business Journal:

New Transbay Deal: Land Price Cut to $185 Million

New Transbay Deal: Land Price Cut to $185 Million.

Below is a link to the “New Transbay Deal: Land Price Cut to $185 Million” article of the San Francisco Business Times:

One Kings Lane Takes 51K Square Feet

One Kings Lane Takes 51,000 SF at 1355 Market.

Below is a link to the “One Kings Lane Takes 51,000 SF at 1355 Market” article of CoStar:

San Francisco’s Ritz-Carlton Sale

SF’s Ritz-Carlton Could Fetch $168 Million in Sale

Below is a link to the “SF’s Ritz-Carlton Could Fetch $168 Million in Sale” article of The San Francisco Chronicle:

PG&E to Move 800 Workers to Bishop Ranch in San Ramon

PG&E to Move 800 Workers to Bishop Ranch in San Ramon; Leases 250,000 Square Feet

Below is a link to the “PG&E to Move 800 Workers to Bishop Ranch in San Ramon; Leases 250,000 Square Feet” article of The San Francisco Business Times:

OptiMedica Tripled Size of Sunnyvale Operation

Congratulations to OptiMedica who have tripled the size of their Sunnyvale operation. The global ophthalmic company now leases 55,000 RSF at 1310 Moffett Park Drive, Sunnyvale.

Below is a link to the “OptiMedica Moves into Expanded Sunnyvale HQ” article of The Silicon Valley/San Jose Business Journal:

San Jose to Upgrade its Free Wi-Fi Capabilities

San Jose to upgrade its free wi-fi capabilities.

Below is a link to the “San Jose to Upgrade Downtown’s Free Wi-Fi ” article of The Silicon Valley/San Jose Business Journal:

Prologis Testimonial

“Ed — I want to take this opportunity to express my thanks to you and my appreciation of your negotiation skills displayed in our recent +/-91,000 square feet lease transaction…I also appreciate your exceptional diligence and your comprehensive approach to ensure that all relevant aspects of our negotiations were carefully and timely addressed rather than overlooked at the expense of one or both parties – as can be the case often times.”