ROSEVILLE, CA-DoveBid TMG has signed a lease with Stanford Ranch to occupy a 20,000-sf facility in Roseville. The company says it was motivated to relocate to Roseville because of lower costs and better quality of life.
NORTH NATOMAS, CA-North Natomas Place is expected to be complete in the next few months, and will be home to several small retail and commercial businesses. The center is expected to cost bout $5 million.
EAST PALO ALTO, CA-After months of arguing over IKEA's proposed development, the city left the decision to voters, who yesterday approved a required rezone for the project by a mere 100 votes.
FREMONT, CA-Level 3 Communications may have gotten out of its Pacific Commons lease but it was a costly exit. The technology firm paid a multi-million early termination fee in addition to the $30 million in tenant improvements it made.
SAN FRANCISCO-The California Supreme Court voted to uphold the city's residential hotel conversion law, which prevents residential hotel owners from converting the properties for tourist use.
SANTA CLARA, CA-The Mariposa Shopping Center in Santa Clara sells to a Dallas investor. The shopping center is anchored by Safeway, Longs Drugs and Ross, and is currently undergoing an expansion.
MARTINEZ, CA-The property in unincorporated Contra Costa County is bought by U.S. Development Group Inc., which plans to develop a private rail yard on the land.
SAN FRANCISCO-Originally Mission Bay developers planned on creating a mixed-use property that would be mostly office space, but retail tenants are much easier to land nowadays.
SAN FRANCISCO-A complete environmental impact report will be necessary for a proposed 107,000-sf store along Bayshore Boulevard at Cortland Avenue. Traffic is the overriding issue.
SACRAMENTO, CA-The Metro Air Park project was proposed in the 1980s by 22 ownership groups. Finally, the project has been awarded a permit that may allow it to break ground this summer.