Pacific Oaks College Graduates to New Location at the Golden Pacific Office Center in San Jose

pac_collPacific Oaks College, a Pasadena-based educational institution grounded in a social justice heritage in the Quaker tradition, is moving its San Francisco Bay Area instructional site from Mission College to the Golden Pacific Office Center on Winchester Boulevard in west San Jose.

Pacific Oaks will occupy all 10,500 sq. ft. of space on the ground floor of one of the two buildings in the three-story, 72,000 sq. ft. office complex — in space formerly occupied by Corinthian College. The new location will allow Pacific Oaks to serve a growing number of students in Northern California, offering access to the same support services that are available to students at the school’s main campus in the heart of Pasadena.

Founded 70 years ago by a small group of Quaker families, Pacific Oaks College is a fully accredited institution dedicated to serving non-traditional and adult students. The college offers bachelor’s completion and master’s degree programs in human development, marriage and family counseling, education, early childhood education, and teacher credentialing. In addition, Pacific Oaks has adopted an experiential learning approach that offers students the opportunity to earn academic credit for real-world experience together with regular coursework.

Borelli_logo_140x250The college was attracted to the Golden Pacific Office Center because of its ideal location near I-280 and I-880, easy street access and abundant parking with a ratio of approximately 10 spaces per thousand square feet (shared with the adjacent Bethel Church). Pacific Oaks was also pleased to learn that Borelli Investment Company — which provides property management services at the complex — is planning a significant renovation of the entire office center.

Borelli affiliate, SiliconX Construction, will oversee the contracting work at the complex, which will include an extensive renovation of all common areas, plus a complete uplift of the specific space Pacific Oaks will occupy. Improvements will include new floor coverings, painting and other upgrades to meet the college’s requirements. Pacific Oaks expects to move into its new Bay Area home in mid-July.

For additional information about space available in Golden Pacific Office Center, please contact Buddy Parsons, president of Borelli Investment Company, at (408) 453-4700, or email buddy@borelli.com.

 

About Borelli Investment Company

Now in its 60th year in business, Borelli Investment Company is one of the oldest commercial real estate firms serving the Santa Clara Valley, Central Valley and Sacramento areas. The company provides a full range of commercial real estate services — from development and asset management to land sales and property management services — as well as general contracting through its SiliconX Construction affiliate. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borellli.com.

About SiliconX Construction

SiliconX Construction is a full-service general contractor that provides a wide array of value-focused construction services to clients throughout Northern California. Specialties include ground-up construction, major renovations, tenant improvements, and facilities maintenance. For more information, call Tony Gonzales at (408) 418-0099, or e-mail tom@borelli.com. Or visit siliconxconstruction.com.

 

Palo Alto office rents zoom up in Q4

rentsAfter stabilizing for much of the year, Palo Alto office rents are closing out the year on an up note, according to a new infographic from JLL.

The city, considered one of Silicon Valley’s most desirable office markets, has seen rents overall climb 49 percent since the start of 2010, JLL says. The number for less-swanky Class B product? That’s zoomed even more, up 114.4 percent, JLL says.

Read the full story in the Silicon Valley Business journal here.

San Jose OKs massive 250-acre Diridon Station Plan

Zoning areas within the 250-acre Diridon Station Area Plan

Zoning areas within the 250-acre Diridon Station Area Plan

San Jose’s Diridon Station Area Plan is officially a go.

Article from Silicon Valley Business Journal

The San Jose City Council on Tuesday unanimously approved the new land-use guide for the 250-acre area centered on Diridon Station, the city’s biggest transit hub. The plan was slated for approval earlier this month, but council members delayed taking action until this week to go over some last-minute changes.

The plan hasn’t gotten a lot of coverage, but it’s a big deal for the long-term future of the area, which is just opposite downtown on the other side of Highway 87.

Read the rest of the story at Silicon Valley Business Journal.

Bay Area Real Estate Stongest in America

sf“We are in an outright boom; the strongest place in America.” Those were the resounding words spoken by Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at the Haas School of Business of the University of California, Berkeley, as he opened the center’s 19th annual conference, Monday, April 28, describing the state of the Bay Area real estate market.

The information presented at the event summarized the state of the national economy, with special emphasis on the regional figures, as well. But it was the assessment of the real estate industry that most of the attendees of the event wanted to hear. Unsurprisingly, the region checked in as healthy as one would expect.

Read the full story at The Registry.

Campbell Heating Up?

campbellThe Carlyle Group is buying Lincoln Court, one of the few higher-end office complexes in Campbell, in a deal rumored to be roughly $41 million, or $335 per square foot. Principal Global Investors is the seller.

Campbell is a market with limited inventory, and brokers say the West Valley city is poised to pick up as tenants get pushed out of nearby markets such as Los Gatos, where Netflix has continued to gobble up space. In a sign of bullishness on the market, Carlyle is raising asking rents at the 124,000 square foot, courtyard-style building located at 2105 S. Bascom Ave. to $3.75 per foot, full service.

Read the full story in the Silicon Valley Business Journal.

Multifamily Development Segment Rides a Perfect Storm

crescentAs the commercial building boom accelerates within the South Bay’s Golden Triangle district, the burgeoning North San Jose tech district bounded by highways 101, 880 and 237, future workers will be able to take advantage of new residential options rising in the surrounding regions and linked by bus, light rail and, in the near future, BART.

Tech giants such as Samsung and others are expanding their operations within the Golden Triangle while other major players, such as Adobe, Acer, Oracle and Pinger, continue to lure technology workers within the downtown San Jose core. These workers, according to Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast, are predominately Millennials (18-33) who prefer to live close to work in more densely populated areas rife with restaurants and shops.

Read the full story at The Registery, here.

Tech Jobs Incredibly Positive for 2014

SFmapThe San Francisco-Silicon Valley region experienced a sizzling 2013 in real-estate development and job growth that were fueled by a young technology crowd. More of the same is forecast for 2014 although the pace will not be quite as dizzying.

Read the source article at The Registry, here.

Bay Area real estate The RegistrySan Francisco and Silicon Valley will also increasingly become symbiotic as tech companies from the Peninsula to the South Bay continue to beef up their office presence in the big city in an effort to attract highly skilled employees who are seeking the urban lifestyle.

Tempering the enthusiasm somewhat are factors that include rising interest rates and a shaky confidence from small companies concerned with the high cost of doing business in California.

Still, “the trend from an office standpoint in this very special geography that we sit in is incredibly positive,” said Carl Shannon, senior managing director for New York-based developer Tishman Speyer. “We’re blessed in San Francisco to have an economy which has overcome the shrinking that is going on in corporate America.”

 

 

60 South Market Building Sold in San Jose

60Harvest Properties, a full service commercial real estate investment and development firm based in Emeryville, today announced it has purchased 60 South Market Street in San Jose, California.

Harvest Properties acquired the property from Ares Management with partner LaSalle Investment Management for an undisclosed sum. The transaction is the debut acquisition for Harvest and LaSalle as partners as well as the first investment for both in downtown San Jose.
Investment brokers involved in the transaction include Jeffrey Weber, Greg Coith, and Edmund Najera of Eastdil Secured. 60 South Market is a 232,536 square foot, 14-story Class “A” office tower centrally located in Silicon Valley’s downtown San Jose. Prominently positioned on the east side of Market Street, the property represents one of the finest downtown office towers with recently renovated common areas and on-site amenities that include a fitness center, conference room and outdoor balconies. With easy access to Highway 87 and Interstate 280, the p roperty provides direct access to key commute corridors and is within walking distance to Caltrain, the VTA light rail, and a myriad of amenities including San Pedro Market.

Read the full story at The Registry here.

Buildings Get Smarter and So Do Workplaces

wallsIn an era of rapid technological progress, is there a reason that an office complex or classroom building—both housing lots of smart people—can’t elevate its own IQ?

In a smart building, software allows communications among traditionally separate systems running everything from lighting, heating and ventilation to security and telecommunications. The systems’ convergence creates a single intelligent network that allows a building to react dynamically to real-time conditions using input from every source attainable. Moreover, smart buildings are the backbone of smart work environments, something that tenants increasingly want.

“They are engineering smart buildings with automation, which facilitates the creation of smart work environments.” Bob Brown, chief executive and co-founder, Fremont-based Teladata LLC
Energy is typically the largest expense for any U.S. building owner or user, accounting for 30 percent of operating costs in an average commercial building, according to the U.S. Environmental Protection Agency. Overall, commercial and industrial buildings use $200 billion a year nationwide on power, producing nearly half of the nation’s greenhouse-gas emissions. Smart buildings are being credited with reducing energy use from 20 percent to 30 percent as compared to conventionally built and operated structures.

Read the rest of the story at The Registryhere.