SAN JOSE-Business leaders in Silicon Valley hold a press conference to express a need for solution to state-mandated rate increases, saying that companies are being driven out of the area.
SACRAMENTO, CA- The new owners plan a massive mixed-use development on the 47.7-acre riverfront property on the west side of the city that includes more than three million sf of office space.
SAN FRANCISCO-The firm will pay $5 million in rent annually for land on which it will build a 900,000 SF complex with a 1,500 space underground garage. The deal accounts for 14% of the annual revenue expected from the old army base.
SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.
OAKLAND, CA-Evergreen Aviation Ground Logistics takes 46,871 SF at Edgewater Industrial Center, bringing the 400,000-sf complex to 100% occupancy for owner AMB Property Corp.
SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.
ANAHEIM, CA-The computer training company leases 18,177 sf in downtown Anaheim to house its new corporate headquarters and computer school. The building owner's broker says strong ownership proved to be a major selling point.
FRESNO, CA-The University plans to construct a 60,000 SF medical education and facility center in Downtown Fresno that will house all residents, medical faculty and staff. Construction is scheduled to begin in May 2002 and be complete by January 2004.
SAN FRANCISCO-Proposition H has prevented tenant rent hikes for many years, but property managers of apartment complexes have the upper hand again with a new court order which allows them to charge tenants for capital improvement costs.
SAN FRANCISCO-L.J. Melody & Company and CB Richard Ellis arranged the variable-rate financing for the recently renovated four-story property at 405-445 Jackson St. The building owner is Jackson Street Properties LLC.