New Corporate Campuses Shed Dim Light on Workplace Stock

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As much effort as has been expended to explain the San Francisco workplace revolution, Silicon Valley workspace is in a jumble, too.

Five of the valley’s most important companies have announced large, expensive new campuses. On their face, the decisions—by Apple, Google, Facebook, Nvidia and Samsung—make two statements: Companies don’t expect to abandon Silicon Valley, but the existing workstock does not meet corporate needs.

Silicon Valley with its historic startup and hardware-engineering business culture has specialized in the vanilla office and workplace building. For landlords, the better to usher in the next company when the last one outgrows your space, gets bought or quietly fails. And venture capitalists aren’t interested in financing fancy.

Read the full story at The Registry.

 

 

 

Key San Jose Site Up for Grabs

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An 11.6-acre site on the east side of San Jose’s popping Santana Row shopping center is being brought to market for the first time in more than 40 years.

The Winchester family, which also owns the Winchester Mystery House next door, is offering the site unpriced as a redevelopment opportunity under a 50-year ground lease. Three of the signature, mushroom-capped movie houses owned and operated by Century Theatres throughout Silicon Valley and a sea of surface parking currently occupy the site. The property is zoned for immediate development of 500,000 square feet of offices and retail space but could accommodate more than a million square feet for the right user.

Read the full story at The Registry.

 

 

Vacancy Down in San Francisco Office Market

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The San Francisco office market is still the hottest in the country and one of the hottest around the world. The thriving technology sector continues to power the local real estate economy. The economies of agglomeration that have driven technology growth in Silicon Valley over the past 30 years have expanded into San Francisco.

Read the full story at The Registry.

73 Office Buildings Acquired in Silicon Valley

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Ivanhoé Cambridge Acquires 73 Office Buildings in Silicon Valley with Partners TPG and DivcoWest

Montreal, Quebec, March 20, 2013 – Ivanhoé Cambridge continues to develop its U.S. office portfolio and announces an investment in California’s Silicon Valley region through the acquisition of 73 office buildings in partnership with affiliates of TPG and DivcoWest, who jointly led the transaction which closed in late December 2012.

This opportunistic investment provides the partners with immediate access to 6.4 million square feet of leasable space with a very attractive potential long-term return.

Read the full story at The Registry here.

Expanding Santana Row Office Offerings

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Federal Realty Investment Trust is reconceiving the configuration of its wildly popular Santana Row development in San Jose to emphasize greater office use.

The Maryland-based real estate investment trust is pursuing plans to build 690,000 square feet of offices on three sites, including two existing surface parking lots within the 42-acre redevelopment’s existing footprint and a third site it is acquiring.

Read the full story in The Registry here.

Golden Pacific Office Center is located just south of Santana Row on Winchester. Check us out.
 

 

FICO Relocates to Silicon Valley

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New headquarters provide global analytics software leader with a hub for innovation and development in San Jose, Calif.

SAN JOSE, Calif. – January 4, 2013 – FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that it has relocated its corporate headquarters to San Jose, Calif. from Minneapolis. The new headquarters will serve as an innovation and development hub in the heart of Silicon Valley, enabling the company to continue to take advantage of technology innovations in Big Data and cloud computing, and draw from the region’s deep technology talent pool.

The move brings FICO back to its origins — the company was founded as Fair, Isaac in 1956 by engineer Bill Fair and mathematician Earl Isaac, who met when working on operations research projects at the Stanford Research Institute in Menlo Park, Calif. In its early days, the company revolutionized consumer lending through credit scoring, with analytic products such as the FICO® Score, the standard measure of U.S. consumer credit health. Today banks, retailers, insurance companies, government agencies, pharmaceuticals companies, telecommunications firms and many other organizations use FICO analytic software to make better decisions.

To read the full story, click here.

Santana Row Lands New Restaurants, Retailers

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Santana Row is celebrating its 10th anniversary with some new changes and additions.

Popular retailer H&M is already in the process of moving to the former Borders Books & Music, trading in its 7,800-square-foot space for 27,570 square feet. The store will open in early October, though the exact day is not yet confirmed.

Santana Row’s management company, Federal Realty, announced that retailer Splendid will move into about 2,000 square feet of H&M’s former space. The store will be Splendid’s first in Northern California.

Read more from the San Jose Business Journal here.

Golden Pacific Office Center is just down the street (south a few blocks on Winchester). To inquire about office space,

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