As I mentioned in a previous post, I've just started using Twitter. I heard this bit of news on the radio (KLIV again) at the end of last week and tweeted on it, but I forgot to post it on my blog.
So, here's the skinny.
TiVo has renewed their lease on their 127,000 sf headquarters building and has gotten a major reduction in rent plus money for tenant improvements. They are cutting the rent from $1.42 psf to $1.10 psf. There will be $0.05 psf annual increases until it reaches $1.40 psf. TiVo is also getting $7.00 psf for tenant improvements. Like I said, in my tweet, Ouch! (if you're the landlord).
Your comments are always appreciated. Thanks for reading.
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