SAN FRANCISCO-The 26-story, 450,000 sf office building at 55 Second Street is 93% preleased. Anchor tenants in the $100-million building include Digital Island; Paul, Hastings, Janofsky & Walker, Preston, Gates, Ellis and the Fritz Companies.
PINOLE, CA-Pacific Property Co. of Palo Alto has purchased a 42-unit apartment complex here as the first acquisition in a new plan to own smaller apartment communities in infill locations throughout the Bay Area, in addition to the larger properties it usually acquires.
OAKLAND, CA-City officials and the Oakland Heritage Alliance will heap praise on Rotunda Partners for their $40-million redevelopment of the Rotunda Building, an 88-year-old, 350,000 sf historic landmark that has been vacant for nearly 20 years.
SAN JOSE-It's citizens versus leaders in the delayed redevelopment of San Jose's downtown area, with construction on hold until legal issues can be straightened out. The city plans to spend nearly $2 billion revitalizing the area.
SACRAMENTO, CA-Sacramento International Airport officials are reportedly trying to stall plans for the largest business park in Sacramento, which is slated to include 20 million sf of office and industrial space, 950 hotel rooms, and an 18-hole golf course.
ONTARIO, CA-The long-term lease gives Volkswagen and Audi parts a new headquarters for West Coast distribution. "Location, timing and building image were key factors for selecting this facility," says Dale Hawke of Volkswagen.
SAN FRANCISCO-AvalonBay Communities will spend an estimated $50 million to build a 360,000 sf apartment complex at 255 King Street. Mercy Housing is building a similar project nearby.
SONOMA, CA-The project will be located on Trust lands in Sonoma known as the Dry Creek Rancheria. The 60-acre, hilltop property overlooks the Alexander Valley vineyards and the Russian River in Sonoma County.
HAYWARD, CA-An engineering and mechanical contracting firm purchases the Amador Plaza office building -- the only building for sale in the area that fit the company's needs.
HAYWARD, CA-Res-Com Insulation sees its rent jump by nearly 50% despite the economic downturn, but a move would have cost them even more, says a broker involved in the deal.