INDUSTRY news
Contract Manufacturer Grows In San Jose
By Sharon Simonson Growth fueled by acquisition and organic business expansion is pushing global contract manufacturer SMTC Corp. to expand its employee count...
Bay Area Office Brokers: Markets Still Look Good
By Sharon Simonson Despite the nation’s itinerant recovery, investors remain interested in Silicon Valley and San Francisco commercial property, while downtown Oakland seems on...
Pension Funds Buy Bay Area Multifamily, Again
By Jon Peterson Pension funds can’t seem to get enough of Bay Area apartments. The state of Wisconsin and the Los Angeles County...
Hines Selling Three San Mateo Buildings
By Jon Peterson Houston-based Hines Real Estate Investment Trust Inc. has put a three-building San Mateo office complex on the block. The sale...
Bechtel Lands At Bishop Ranch
By Sharon Simonson Nearly two dozen companies including a unit of San Francisco’s Bechtel Corp. have signed new leases in the last 60...
Investors Flock to San Francisco Office Deals
By Jon Peterson Institutional investors in two San Francisco office buildings in the city’s North Financial District have agreed to accept initial yields...
Gilead Pays $610 a Square Foot for Foster City Property
By Jon Peterson Foster City-based Gilead Sciences Inc. has agreed to pay $180 million, or $610 per square foot, to acquire 303 Velocity...
Jay Paul Looks to Climb ‘Tall Tree’ in Palo Alto
By Sharon Simonson San Francisco-based Jay Paul Co. has filed a request with the city of Palo Alto to allow the office developer...
Bay Area Retail Recovery Reaches Farther, Wider
By Sharon Simonson and Jon Peterson In another sign of the Bay Area’s retail revival, a new study shows that of nearly four...
BRE Buys Pleasanton Apartment Site
By Jon Peterson San Francisco-based BRE Properties Inc., a real estate investment trust with interests in nearly 25,000 California and Seattle, Wash., apartments,...
Walnut Creek Shopping Center Trades Hands for ‘Premium’ Price
By Sharon Simonson A BlackRock joint venture has acquired a Walnut Creek necessity-anchored shopping center for nearly $35 million in a deal that...
Dell Expands Silicon Valley Footprint
By Sharon Simonson Dell Inc. has agreed to lease 150,000 square feet in Santa Clara from The Irvine Co., the latest Silicon Valley...
