ALAMEDA, CA-The City of Alameda this week ceremoniously began the redevelopment of the Alameda Naval Air Station, which closed in 1997 along with many adjacent facilities, leaving several hundred apartments that are about to be torn down.
RANCHO CORDOVA, CA-A recently renovated apartment complex in Rancho Cordova has sold for approximately $3 million. Realtor James Pagonis told GlobeSt.com that the seller received eight offers in about a month.
SAN MATEO, CA-A dilapidated forensics lab is being replaced with a state-of-the-art, the $17-million facility that San Mateo officials say will serve as a future model for forensics in the region.
SAN FRANCISCO-Chevron is relocating its main headquarters to San Ramon, adding to the woes of building owner Tishman Speyer, which also is experiencing the worst the Internet decline has to offer.
CASTRO VALLEY, CA-Pacific Property Company bought the 33-unit Miramar Heights apartment community for $3,675,000. The property was purchased from the Earl Smith Group, an East Bay partnership.
DAVIS, CA-Robert and Margrit Mondavi, Bay Area winemakers, have contributed $35 million to UC Davis to build a new wine and food science institute. It is the single largest donation in the UC system's history.
GILROY, CA-Due to lack of funding, the $100-million Bonfonte Gardens amusement park has closed it doors after only three months after opening, leaving the possibility that the space may soon be put on the market.
SACRAMENTO, CA-The Downtown Development Group, on behalf of the city's redevelopment agency, is soliciting statements of qualifications for the transformation of a two-story former Woolworth's into a restaurant and entertainment center.
SUNNYVALE, CA-Lease Cost Solutions, in a joint venture with Personable.com, a Los Angeles-based application service provider, has launched LseMod Version 7.1, a commercial real estate financial analysis tool.
ROSEVILLE, CA-Three new Safeway stores are being developed in Northern California, showing that even in the slowest economies, some businesses still soar. In addition, a new shopping center in the area is under construction.