CBRE CAPITAL MARKETS

IPG Silicon Valley

A WEEKLY NEWS UPDATE :: FEBRUARY 24, 2015



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INFORMATION
PLEASE CONTACT:

 

:: IPG - Silicon Valley

Contact

 

www.cbre.com/pcgsiliconvalley

 

 

Scott J. Prosser, SIOR
Executive Vice President

Lic. 01104754
+1 408. 453.7454

scott.prosser@cbre.com

Jef Henderson, J.D., CCIM, MCR, SLCR
Senior Vice President

Lic. 01483399
+1 408.453.7461

jefrey.henderson@cbre.com

Jack DePuy
Senior Associate

Lic. 01796176
+1 408.453.7466

jack.depuy@cbre.com

 

:: Featured Property

 

3565 Haven Ave.

Menlo Park, CA

 

 

Click on Photo for More of Our Listings

 

 

:: Quick Clicks

 

> Lennar's massive Fremont development reaching crucial milestone

 

> First look at Irvine Co.'s mixed-use proposal near Santa Clara Caltrain

 

> Cupertino retail center sells to KT Urban; redevelopment may follow

 

> DivcoWest pays $130.6M for San Mateo office buildings

 

> Palo Alto starts discussions on office-growth limit

 

> Windflower gains approval for 243-unit project by Union City BART

 

> Why this East Bay city is an emerging destination for biotech firms

 

> New Incentive Aims to Spark Office Construction in Downtown San Jose


 

 

:: Silicon Valley News

 

Lennar's massive Fremont development reaching crucial milestone
Take a look at the land just north of the Tesla Motors Inc. plant in Fremont, and it's clear there's a lot of opportunity for development: A new BART station is rapidly reaching completion nearby, and wide swaths of bare land are practically crying out for homes and offices.

 

Donato-Weinstein, Nathan: "Lennar's massive Fremont development reaching crucial milestone". 2.23.15
Lennar's massive Fremont development reaching crucial milestone (2.23.15)

 

 

 

First look at Irvine Co.'s mixed-use proposal near Santa Clara Caltrain
On the heels of its hugely expanded Santa Clara Square project, Irvine Company is at it again — this time, kitty corner from Santa Clara's Caltrain station. The Newport Beach-based developer and landlord is proposing 417 apartment units with about 26,000 square feet of retail space.

 

Donato-Weinstein, Nathan: "First look at Irvine Co.'s mixed-use proposal near Santa Clara Caltrain". 2.23.15
First look at Irvine Co.'s mixed-use proposal near Santa Clara Caltrain (2.23.15)

 

 

 

Cupertino retail center sells to KT Urban; redevelopment may follow
A development firm with deep roots in Cupertino has acquired one of the city's more venerable retail centers in a deal that could eventually pave the way for redevelopment. KT Urban, the company led by brothers Mark and Ken Tersini and formerly known as KT Properties, earlier this month acquired the Oaks shopping center at Stevens Creek Boulevard and Highway 85.

 

Donato-Weinstein, Nathan: "Cupertino retail center sells to KT Urban; redevelopment may follow". 2.19.15
Cupertino retail center sells to KT Urban; redevelopment may follow (2.19.15)

 

 

 

DivcoWest pays $130.6M for San Mateo office buildings
DivcoWest has acquired a 210,000-square-foot San Mateo office complex anchored by Salesforce Inc., its third pickup on the Peninsula in six months. Divco didn't release the purchase price, but tax records indicate the property at 700-900 Concar Drive traded for $130.6 million, or $621 per square foot.

 

Donato-Weinstein, Nathan: "DivcoWest pays $130.6M for San Mateo office buildings". 2.12.15
DivcoWest pays $130.6M for San Mateo office buildings (2.12.15)

 

 

 

Palo Alto starts discussions on office-growth limit
Palo Alto's city council on Monday took a hard look at imposing strict new citywide office-development limits, the beginnings of a discussion that reflects growing political pushback to booming growth in the epicenter of Silicon Valley. Council members took no action in a meeting that was testy at times, and bumped Part 2 of a conversation about an annual growth limit to their March 2 scheduled meeting.

 

Donato-Weinstein, Nathan: "Palo Alto starts discussions on office-growth limit". 2.10.15
Palo Alto starts discussions on office-growth limit (2.10.15)

 

 

 

Windflower gains approval for 243-unit project by Union City BART
Developer Windflower Properties has gained approval to build a 243-unit rental and retail building next to the Union City BART Station. San Francisco-based Windflower's project will also have 3,000 square feet of retail and amenity space. It will total around 290,000 square feet, said V. Fei Tsen, president of Windflower.

 

Li, Roland: "Windflower gains approval for 243-unit project by Union City BART". 2.12.15
Windflower gains approval for 243-unit project by Union City BART (2.12.15)

 

 

 

Why this East Bay city is an emerging destination for biotech firms
Serge Saxonov really didn't have to look far to find space for 10X Genomics Inc., his DNA sequencing technology company: He found all he needed in Pleasanton. That's right. Miles away from the biotech hubs of South San Francisco, the Mission Bay enclave of San Francisco, Emeryville and Redwood City, Pleasanton is emerging as an address of choice for cash-sensitive startups and mega-companies alike.

 

Leuty, Ron: "Why this East Bay city is an emerging destination for biotech firms". 2.13.15
Why this East Bay city is an emerging destination for biotech firms (2.13.15)

 

 

 

New Incentive Aims to Spark Office Construction in Downtown San Jose
Downtown San Jose is seeing plenty of activity in various sectors—entertainment, shopping and dining—with the likes of trendy hotspot San Pedro Square; high-density residential development such as the 643-unit Silvery Towers, which recently broke ground; and office leasing from a slew of technology companies.

 

Gonzales, Neil: "New Incentive Aims to Spark Office Construction in Downtown San Jose". 2.17.15
New Incentive Aims to Spark Office Construction in Downtown San Jose (2.17.15)

 

 

toward a greener tommorrow
 
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