Silicon Valley Weekly News Blast - December 17, 2014

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  17th-Dec-2014
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A WEEKLY NEWS UPDATE :: DECEMBER 17, 2014


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Prudential Buys 2305 Mission College Blvd. in Santa Clara
Madison, New Jersey-based Prudential Real Estate Investors has acquired the 358,000 square 2305 Mission College Blvd. office/R&D facility in Santa Clara. The property had been owned in a joint venture by two Chicago-based real estate investment firms, Kinship Capital and Pearlmark Real Estate Partners. The firms had acquired the property in December of last year for $67 million.

Peterson, Jon: "Prudential Buys 2305 Mission College Blvd. in Santa Clara". 12.15.14
Prudential Buys 2305 Mission College Blvd. in Santa Clara (12.15.14)


EMC signs deal with Sobrato for new Menlo Park building
Seven months after snapping up a Menlo Park storage startup, EMC Corp. is expanding big-time in the Peninsula city. The Massachusetts-based computing giant signed a lease for one of two buildings that the Sobrato Organization is constructing at 151 Commonwealth Drive, a short hop from the Facebook headquarters.

Donato-Weinstein, Nathan: "EMC signs deal with Sobrato for new Menlo Park building". 12.14.14
EMC signs deal with Sobrato for new Menlo Park building (12.14.14)

Irvine buys more buildings in Sunnyvale's Peery Park
The Irvine Co. has beefed up its holdings in Sunnyvale's Peery Park business district. The deal, which closed last week, adds five buildings totaling about 113,000 square feet to Irvine's portfolio in the neighborhood, which is undergoing a new specific-plan process to bring it up to modern work-hub standards.

Donato-Weinstein, Nathan: "Irvine buys more buildings in Sunnyvale's Peery Park". 12.14.14
Irvine buys more buildings in Sunnyvale's Peery Park (12.14.14)

ServiceNow leases Sobrato's Lawson Lane campus in Santa Clara, ending a 7-year story
Two years after signing a big Santa Clara lease, ServiceNow Inc. is expanding again — and it won't be moving far. The cloud services company just signed a 12-year lease with the Sobrato Organization to occupy all of the Campus at Lawson Lane, a two-building, 330,000-square-foot office project down the street ServiceNow's current headquarters.

Donato-Weinstein, Nathan: "ServiceNow leases Sobrato's Lawson Lane campus in Santa Clara, ending a 7-year story". 12.12.14
ServiceNow leases Sobrato's Lawson Lane campus in Santa Clara, ending a 7-year story (12.12.14)


Lennar Commercial snaps up Texas Instruments real estate in Santa Clara
Lennar Commercial has bought a chunk of real estate from Texas Instruments in Santa Clara, marking the first acquisition here for the growing commercial division of the Miami-based company more commonly known for its subdivisions.

Donato-Weinstein, Nathan: "Lennar Commercial snaps up Texas Instruments real estate in Santa Clara". 12.15.14
Lennar Commercial snaps up Texas Instruments real estate in Santa Clara (12.15.14)

Rare spec office building in Mountain View moves forward
Developers behind a new office building in Mountain View said this week they had begun demolition on the site and turned in building plans to the city, a key milestone for a project that they expect to start building early next year. The building at 600 National Ave. is more than a decade in the making, as I wrote back when it got approval in May.

Donato-Weinstein, Nathan: "Rare spec office building in Mountain View moves forward". 12.11.14
Rare spec office building in Mountain View moves forward (12.11.14)

Sand Hill Road sale price shows sun isn't setting on VC crossroads
Well, it looks like the offering isn't going to disappoint. A fund managed by Invesco Real Estate appears to be the likely buyer for the 49-percent interest in Sand Hill Commons, one of the major office parks on the storied Menlo Park street, multiple industry sources tell me. According to a source not directly involved, the price for the 133,000-square-foot project at 2882-2884 Sand Hill Road will approach $1,700 per square foot — or nearly $113 million.

Donato-Weinstein, Nathan: "Sand Hill Road sale price shows sun isn't setting on VC crossroads". 12.10.14
Sand Hill Road sale price shows sun isn't setting on VC crossroads (12.10.14)

Sunset Magazine property sells to Embarcadero Capital Partners
Well, that didn't take long. Barely a month after putting the property up for sale, Time Inc. has found a buyer for the Sunset Magazine campus in Menlo Park. Embarcadero Capital Partners, the Belmont-based landlord, has been picked as the buyer for the verdant 7-acre site at 80 Willow Road. The deal was first reported by the Mercury News and confirmed by The Business Journal.

Donato-Weinstein, Nathan: "Sunset Magazine property sells to Embarcadero Capital Partners". 12.11.14
Sunset Magazine property sells to Embarcadero Capital Partners (12.11.14)

toward a greener tommorrow
Domain: Business
Category: Companies

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