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Office Archives - The Ivy Group

Santa Clara’s Bassett Technology Park signs leases for 3 R&D, manufacturing tenants

By Devan J. Patel – Reporter, Silicon Valley Business Journal Feb 22, 2024 Bassett Technology Park in North Santa Clara has signed leases for three tenants to use a combined 175,000 square feet of R&D band and manufacturing space. EOTech LLC and Evoloh Inc. have inked new leases at the campus, located at 3508-3580 Bassett St., while […]

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Cupertino gives OK to redevelopment plans for former Vallco Mall

By Devan J. Patel – Reporter, Silicon Valley Business Journal Feb 20, 2024 Updated Feb 20, 2024 10:58am PST The mixed-use redevelopment of the former Vallco Mall in Cupertino, known as The Rise, has cleared a key planning milestone, paving the way for the project to receive permits and begin construction in the coming months. Cupertino has approved modified […]

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Related Santa Clara project gets a revamp, swaps industrial and advanced manufacturing for office space

By J. Jennings Moss – Editor-in-Chief and General Manager, Silicon Valley Business Journal Jan 31, 2024 Updated Jan 31, 2024 3:25pm PST Related Santa Clara, a massive mixed-use project that’s set to rise across from Levi’s Stadium, has filed an application with the city of Santa Clara to change the mix of buildings to significantly reduce the amount […]

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Strada Investment Group Buys 201 Spear St

By Sarah Klearman – Staff Reporter, San Francisco Business Times Jan 10, 2024 Updated Jan 10, 2024 4:25pm PST Strada Investment Group has formally assumed ownership of 201 Spear St., the latest San Francisco office building to trade hands via a deed in lieu of foreclosure process — and at a considerable discount to its prepandemic value. The […]

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San Francisco’s postpandemic office reset is starting to take shape

By Sarah Klearman – Staff Reporter, San Francisco Business Times Dec 4, 2023 Roger Fields wasted little time placing 550 California St. up for lease. After all, there was no shortage of space to play with. Wells Fargo, which sold 550 California to Fields’ firm, Peninsula Land & Capital, for $40.5 million in September, had once occupied […]

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Where distressed commercial real estate loans are piling up the fastest

By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Sep 18, 2023 The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of outdated office towers struggle to refill vacant spaces and cash flow on those buildings becomes a bigger challenge. A recent […]

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Office vacancy rates are increasing in Sun Belt cities, select northern markets

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 […]

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The vacancy rate for R&D space in Silicon Valley hit a 9-year high in Q3

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 […]

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A Palo Alto office building sold for nearly $2,000 a square foot

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, […]

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Silicon Valley mayors made their pitch to the real estate industry: We are moving in the right direction

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, […]

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