Commercial Real Estate Archives - Page 3 of 32 - The Ivy Group
Office vacancy rates are increasing in Sun Belt cities, select northern markets
October 12, 2023 By: Tim Vi Tran,
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Oct 11, 2023 Data reports are preliminary, but early glimpses into how the third-quarter office market fared suggest improvement in a few markets while others continue to add sublease space and direct vacancy. An analysis of preliminary Moody’s Analytics Inc. data from Q3 […]
The vacancy rate for R&D space in Silicon Valley hit a 9-year high in Q3
October 10, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Oct 9, 2023 Silicon Valley’s commercial real estate sector’s three major segments could be described as the good, the bad and the somewhere in between. The industrial portion is doing well, with strong demand and a vacancy rate of less than 3%, according to the latest data […]
Palo Alto postitioned itself to get up to $5M in grants for affordable housing near its former Fry’s store
October 6, 2023 By: Tim Vi Tran,
By Devan J. Patel – Reporter, Silicon Valley Business Journal Sep 20, 2023 Updated Sep 20, 2023 3:56pm PDT A portion of the former Fry’s Electronics site in Palo Alto could eventually be home to affordable housing, and the city may be able to get the Metropolitan Transportation Commission to help pay for it. The Palo Alto City […]
A Palo Alto office building sold for nearly $2,000 a square foot
October 6, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Oct 5, 2023 Updated Oct 5, 2023 9:04pm PDT A smaller Palo Alto office building sold Thursday for $58 million, or a whopping $1,933 a square foot. The purchaser — The Douglas Living Trust — bought the Park Boulevard structure from real estate investment firm Kenson Ventures LLC, […]
A Downtown San Jose luxury apartment complex fetched $74M in a sale
September 21, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Sep 20, 2023 Updated Sep 20, 2023 12:48pm PDT A pair of California real estate investment firms paid $74.25 million for The James, a recently built Downtown San Jose apartment building. Beverly Hills-based Archway Equities and Larkspur-based Virtú Investments teamed up to buy the 190-unit, six-story complex from […]
New owner of Seagate’s 30-acre Fremont campus may have bigger plans for the site
September 17, 2023 By: Tim Vi Tran,
By Sarah Klearman – Staff Reporter, San Francisco Business Times Sep 14, 2023 New York-based investor Madison Capital may have bigger plans for Seagate Technology Holding’s research and development campus in Fremont, new filings with the city suggest. The firm, which bought Dublin, Ireland-based Seagate’s (NASDAQ: STX) campus for $260 million in May, has proposed subdividing the 30-acre […]
Silicon Valley mayors made their pitch to the real estate industry: We are moving in the right direction
September 11, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Sep 11, 2023 The mayors of the South Bay’s three biggest cities have a message for the region’s real estate and construction industry leaders: Don’t focus on the negative headlines and short-term setbacks. Believe in Silicon Valley’s future. The region and their particularly cities admittedly face challenges, […]
SKS, Swig Co. close purchase of Union Bank’s longtime S.F. home in deal that shows downtown’s fallen building values
September 6, 2023 By: Tim Vi Tran,
By Laura Waxmann – Staff Reporter, San Francisco Business Times Aug 31, 2023 Updated Sep 1, 2023 5:41pm PDT A bid to purchase a 22-story glass and stone tower in the Financial District, viewed as a harbinger of the San Francisco office market’s reset, has made it over the finish line. Multiple sources have confirmed that SKS Real […]
An Apple-leased building in Sunnyvale sold for $41M
September 6, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Sep 1, 2023 A Miami-based real estate firm has scooped up an Apple Inc.-leased office-and-research building in Sunnyvale for $41 million. BentallGreenOak purchased the two-story building, which is located in the northern part of the city, Monday from an affiliate of real estate firm GI Partners, according […]
Los Angeles firm JRK Investors paid nearly $100M for Duo Apartments in San Jose
August 18, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Aug 17, 2023 Updated Aug 17, 2023 8:21pm PDT A Los Angeles real estate firm paid $93.5 million for an apartment complex in South San Jose that is located down the street from Valley Oak Technology Park. The Duo Apartments is a four-story, two-building complex that has 301 […]
