MOUNTAIN VIEW, CA-The Computer History Museum has purchased a 119,000-sf two-year-old building on 7.5 acres. The seller was Carlyle Shoreline Trust, which purchased the property last year for more than $27 million.
SAN FRANCISCO-The city's available inventory remained high yet showed signs of stability, at 20.18% from 20.17% compared to the second quarter, accoridng to a just-released third quarter report from Insignia/ESG.
DALY CITY, CA-Kimco Realty Corp. picks up the 562,000-sf mall from Westlake Development Co. for shares in a DownREIT. Kimco plans spend $12 million renovating and repositioning the property.
SAN FRANCISCO-The firm will take space in Foundry Square II, a 493,000-sf, 10-story building at 2nd and Howard streets in Downtown San Francisco. Foundry Square is a joint venture of William Wilson & Associates and Equity Office Properties.
SAN JOSE, CA-If passed, Measure F will add 4% to San Jose's hotel guest taxes to raise $370 million for the San Jose McEnery Convention Center, which city officials say is desperately need of expansion and renovation.
BERKELEY, CA-Already in prison for bringing young Indian females into the country for forced prostitution and cheap labor, a major Berkeley apartment owner stands to lose some $70 million in assets if he loses a class action lawsuit filed by nine of the women.
PLEASANTON, CA-The Vintage Hills Center, a failing shopping center in Pleasanton, may be razed in favor of 150-unit multifamily development if a local developer's proposal is approved.
PLEASANTON, CA-California Custom Exteriors and American Pile Driving each have paid about $1 million for between 7,000 sf and 8,000 sf in industrial condos at the Pleasanton Business Park.
ORINDA, CA-The Orinda Union School District wants to turn the Pine Grove School site into a profitable development and has presented preliminary plans for a new housing project.
SAN JOSE, CA-The San Jose City Council passes a controversial plan to relocate businesses from an East San Jose shopping center if the city acquires it using eminent domain. The city wants to raze the buildings and redevelop the site.