Last Friday, I saw that the Campus @ North First project was in trouble in an article from the Silicon Valley/San Jose Business Journal (click to see the article).
Apparently, it was in real trouble because I saw this morning in the San Jose Mercury (click to see the article) that Tishman Speyer Properties has defaulted on an $86.2 million loan from Bank of America. Tishman Speyer is still in negotiations with Bank of America on a "workout" on the land.
In March 2007, Tishman Speyer paid $108 million for the 40 acre site with plans of building a multi-phase 2.8 million square foot office park. I guess that's not going to happen.
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