PLEASANTON, CA-Pleasanton's office market does not appear to be improving this quarter, as evidenced by a recent sublease agreement that was negotiated at about 40% less than 2002's year-end average rate.
BERKELEY, CA-After a lengthy delay due to neighborhood opposition, developer Patrick Kennedy of Panoramic Interests has gotten approval to build a housing complex on the site of an old cinema.
LIVERMORE, CA-Advanced Doorways has joined a slew of East Bay companies that are taking advantage of unprecedented interest rates to make the transition from renting office space to buying office buildings.
FAIRFIELD, CA-Travis Credit Union, a local credit union, has purchased a 30,374-sf parcel of land in Fairfield from Green Valley Crossings Shopping Center for approximately $700,000.
SAN JOSE, CA-According to BT Commercial's latest report on the Bay Area commercial real estate market, this year may demonstrate historical levels of positive annual net absorption, fueling a slow, but steady recovery.
SANTA CRUZ, CA-A local developer's affordable housing project has been approved by the Santa Cruz City Council, despite opposition from the proposed site's neighbors, who claimed that the project would disrupt peace in the area.
SAN FRANCISCO-MetLife Inc., IBM and Fremont Properties, which own the majority interest in one of San Francisco's largest office buildings, have put the 900,000-sf property up for sale.
PALO ALTO, CA-Hyatt Hotels Corp. has invited public comment on its proposed $100-million redevelopment of the 40-year-old Hyatt Rickeys hotel in Palo Alto, which will increase the hotel's size by 23%.
SAN FRANCISCO-One of San Francisco's oldest law firms is relocating from its current location in the Financial District, which it has occupied for 14 years, to a new building in SOMA.
FOLSOM, CA-Folsom Corporate Center's newest addition, a 151,000-sf office building on Iron Point Road, has secured its first big tenant, HDR Inc., which will occupy one-third of the building.