Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
In the largest office lease year to date, Asana will occupy the entire 265,890-square-foot office portion of 633 Folsom St., a 12-story building in South of Market.
Orchard Corporate Center, a fully occupied 101,374-square-foot class-A office/R&D campus in North San Jose, was sold by its developer, South Bay Development Company, to a private investor.
HFF represented the seller and worked with the buyer in the transaction to secure the acquisition financing from New York Life Insurance Co. Loan proceeds were used to acquire the property and provides additional capital for an upcoming building renovation, HFF reports.
This disruptor should not catch the real estate industry by surprise says the CEO of the transportation information company TransitScreen in a GlobeSt.com interview.
The seller was Drawbridge Realty, which acquired the property in 2013 and performed a complete redevelopment including new common areas and taking the building back to shell condition.