ALAMEDA-The property had been on the market to be leased for quite a while before it was put up for sale, then sold immediately for $6.5 million. The building, in Alameda's Harbor Bay Business Park, is 50% occupied by Lucent Technologies under a 5-year lease.
SACRAMENTO, CA-The the 25-story, 426,789-sf office and retail space has attracted two new tenants and four more have signed renewals and expansions. The building is now 99.6% leased.
SANTA CLARA-A booster group aiming to move the Major League Baseball team to Santa Clara presented a proposal to the City Council for building a $262 million, 42,000-seat stadium on city owned property across from the Great America theme park.
SUNNYVALE, CA-Yahoo subleased the space, which it occupied for 18 months, for all fives years left on its master lease. Oak plans to move into the space in early November.
MILPITAS, CA-The Interstate 880 widening project in the Milpitas corridor is expected to cure 9-mph commutes that have stifled development in the area.
EL CERRITO, CA-Ross reportedly has successful stores in Emeryville, Richmond and Berkeley, and feels El Cerrito will target a market it is missing. The company signed on for 10 years in an area where triple-net lease rates are about $20 per sf.
RANCHO CORDOVA, CA-The company has occupied a 77,000 sf building in the Capital Center Business Park since last month and have been looking to expand in the area. Rents in the area go for about $1.65 per sf, monthly, full service.
OAKLAND, CA-The seven-year deal for 25,000 sf of recently renovated sublease space carries a monthly rent of $3 per sf, full service, with bi-annual increases of 3.5%.
SAN FRANCISCO-Huntsman Architectural Group signs on for 18,871 sf in 50 California at a rate $42 per sf. The firm liked the fact that the location was in shell condition and could be designed "like a blank canvas.
SACRAMENTO-McClellan Business Park, a joint venture between Morgan Stanley Real Estate, Industrial Realty Group and Stanford Ranch, has just leased 800,000 SF of space to three major tenants, adding to 2.5 million sf leased to 67 tenants over the past 18 months.