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TMG Partners was attracted to The Quad because of its stable long-term cash flow, the Santa Clara location, the need to provide office space for many size requirements and the existing suite of amenities.
District 237's new leases include a new long-term lease for 142,710 square feet with Raytheon, 96,000 square-feet to NXP Semiconductors and 76,000 square-feet to CDK Global.
Longfellow Real Estate has named Northern California real estate veteran Evan Schwimmer as managing director of Bay Area operations to oversee the expansion of its portfolio in this active science and innovation cluster.
Kaiser Permanente has canceled its $900 million 29-story headquarters project encompassing 1.6 million square feet, where it was planning to relocate approximately 7,000 employees from seven East Bay offices.
Critics say the law should redefine distressed areas and prevent investments in casinos, stadiums, luxury hotels, student housing, storage facilities and high-end housing from qualifying for the tax breaks.
Financing to the tune of $991.77 million was arranged for a 17-property portfolio totaling more than 7 million square feet across major US markets on behalf of CalSTRS and its advisor, PCCP.
New York Life Real Estate Investors, on behalf of an institutional client, recently acquired the five-story 87,140-square-foot mixed-use office and retail building at 630 K St. from Swift Real Estate Partners.
SAP initially began relocating its regional offices to Bishop Ranch in 2015 in a consolidation from the South Bay to the East Bay for a total of 235,000 square feet.
Hellyer Oaks Technology Park consists of two interconnected office/R&D buildings which Vertical Ventures recently sold to Swift Real Estate Partners in a $55.65 million transaction.
As of late, CityLine Sunnyvale signed three new leases with retail tenants, bringing Ulta Beauty, Kids Care Dental & Orthodontics and Xfinity to the development in late 2020.