Well, no news on the Whole Foods Markets in San Jose, but I did see something in the San Francisco Business Times about a Whole Foods project in SF being scrapped.
The developer of a combined Whole Foods Market and housing development in SF (Haight & Stanyon) has scrapped their plans citing the economic downturn and high city fees.
Apparently, the developer would have to pay between $5 - 6 million in city fees to pull the permits for the development, which was to consist of a 34,000 sf Whole Foods Market and 62 apartments. Ouch!
It probably didn't help that the entitlement process took 32 months. Ouch!
Maybe somebody in the South Bay should give the developer a call and see if he wants to do something down here.
Your comments are always appreciated. Thanks for reading.
Tuesday, June 9, 2009
Monday, June 8, 2009
Random Thoughts on Twitter vs. Blogs
I know, this is suppose to be a blog on Commercial Real Estate, not a technology blog (and we know we have enough of those). However, since I've recently started using Twitter, I've been thinking about blogging vs. twittering.
I find myself twittering more than I blog. I think it something about being able to dash off a quick message (and it has to be quick since you only has 140 characters), rather than sitting down and actually writing about something. (I use to be an mechanical engineer, so 140 characters is just about right.) I think that this is the main reason that I find myself twittering more and no, I don't twitter about what I had for breakfast.
And there's that aspect about following. There's a lot of good and bad aspects to following. The good is that you get a lot of information quickly and the bad is that you get a lot of information quick. You can easily get an overload of information with Twitter.
I use TweetDeck to group the people I follow (if you twitter, you need to check this program out). But that can also happen with blogs, so I also use Google Reader to consolidate the blogs that I follow.
So, I'll continue to do both, at least until something new comes around. LOL
If you're interested in following me on Twitter, I'm "svcomremoose".
Your comments are always appreciated. Thanks for reading.
I find myself twittering more than I blog. I think it something about being able to dash off a quick message (and it has to be quick since you only has 140 characters), rather than sitting down and actually writing about something. (I use to be an mechanical engineer, so 140 characters is just about right.) I think that this is the main reason that I find myself twittering more and no, I don't twitter about what I had for breakfast.
And there's that aspect about following. There's a lot of good and bad aspects to following. The good is that you get a lot of information quickly and the bad is that you get a lot of information quick. You can easily get an overload of information with Twitter.
I use TweetDeck to group the people I follow (if you twitter, you need to check this program out). But that can also happen with blogs, so I also use Google Reader to consolidate the blogs that I follow.
So, I'll continue to do both, at least until something new comes around. LOL
If you're interested in following me on Twitter, I'm "svcomremoose".
Your comments are always appreciated. Thanks for reading.
Thursday, June 4, 2009
Professional Brokers' Forum - June 11
It's that time of month again (most of the commercial real estate forums seem to be in the second week of the month), so here's the information on the Professional Brokers' Forum. This one looks pretty interesting, especially if you want to work with the City of San Jose.
Date: June 11, 2009
Time: 11:30 - 1:30 PM
Speaker: Neil Stone, City of San Jose's Real Estate Division Manager
Topic: The City of San Jose - Real Estate Asset Management and a Role for Brokers
Place: 777 North First Street, Mezzanine Room, San Jose, CA
The Real Estate Division is responsible for the City's acquisition of property for roadway widening, new libraries and fire stations, etc., handling leasing on behalf of the City as both lessor and lessee as well as sale of surplus properties.
If you're planning on attending, you should RSVP Ron Ricard @ ron.ricard@ipx1031.com.
Registration is from 11:30 - 12:00 (and so is lunch).
Your comments are always appreciated. Thanks for reading.
Date: June 11, 2009
Time: 11:30 - 1:30 PM
Speaker: Neil Stone, City of San Jose's Real Estate Division Manager
Topic: The City of San Jose - Real Estate Asset Management and a Role for Brokers
Place: 777 North First Street, Mezzanine Room, San Jose, CA
The Real Estate Division is responsible for the City's acquisition of property for roadway widening, new libraries and fire stations, etc., handling leasing on behalf of the City as both lessor and lessee as well as sale of surplus properties.
If you're planning on attending, you should RSVP Ron Ricard @ ron.ricard@ipx1031.com.
Registration is from 11:30 - 12:00 (and so is lunch).
Your comments are always appreciated. Thanks for reading.
NCalCCIM June 9th Luncheon Meeting
Well, it's that time again. Time for me to put in a plug for the NCalCCIM June 9th Luncheon Meeting (click on the title for more information and to register for the event).
Location: Four Points Sheraton, 5121 Hopyard Road, Pleasanton
Agenda:
9:00 AM Technology Session
10:15 AM Mentoring Session: Integrating between brokers, architects and contractors - Michael Hanneken, President NCalCCIM Chapter
11:30 AM Marketing Session
12:00 Noon Luncheon Program - Luis Belmonte
Our luncheon speaker will be Luis Belmonte, Principal with Seven Hills Properties of San Francisco, developers of neighborhood retail and multi-family residential properties. Mr. Belmonte is a humorously outspoken observer of development trends and politics. Prior to starting Seven Hills Properties, he was Executive Vice President of AMB Property Corporation.
East Bay Crew will be joining us for this meeting.
Your comments are always appreciated. Thanks for reading.
Location: Four Points Sheraton, 5121 Hopyard Road, Pleasanton
Agenda:
9:00 AM Technology Session
10:15 AM Mentoring Session: Integrating between brokers, architects and contractors - Michael Hanneken, President NCalCCIM Chapter
11:30 AM Marketing Session
12:00 Noon Luncheon Program - Luis Belmonte
Our luncheon speaker will be Luis Belmonte, Principal with Seven Hills Properties of San Francisco, developers of neighborhood retail and multi-family residential properties. Mr. Belmonte is a humorously outspoken observer of development trends and politics. Prior to starting Seven Hills Properties, he was Executive Vice President of AMB Property Corporation.
East Bay Crew will be joining us for this meeting.
Your comments are always appreciated. Thanks for reading.
Tuesday, June 2, 2009
Bay Area Apartment Brokers Forum - June 10, 2008
If you've read my posts before (and hopefully, you have), you know that this is one of the forums that I always recommend attending, especially if you're interested in multi-family in the Bay Area and you don't have to be a broker to attend.
Group: Bay Area Apartment Brokers Forum
Guest Speaker: Tod Spieker - President, Spieker Companies, Inc.
Topic: Apartment Straight Talk 2009 - Q&A
Date: Wednesday, June 10, 2009 @ 8:00 AM
Place: First American Exchange, 1737 N. 1st St., San Jose - 4th Flr.
Breakfast: Continental Breakfast provided by First American Exchange
Chairman: Richard Domich - CB Richard Ellis, Inc.
Vice Chairman: Keith Suddijan - Cornish & Carey Commercial
Membership: Kari Noomen - WaMu - J.P. Morgan Chase
Sponsor: Mary Kay Kennedy - First American Exchange
Adjournment: 9:30 AM
Note: All present will have an opportunity to present their listings, buyer requirements as well as their analysis of current events and market trends that directly effect the multi-housing (apartment) industry in Silicon Valley and the greater Bay Area.
Your comments are always appreciated. Thanks for reading.
Group: Bay Area Apartment Brokers Forum
Guest Speaker: Tod Spieker - President, Spieker Companies, Inc.
Topic: Apartment Straight Talk 2009 - Q&A
Date: Wednesday, June 10, 2009 @ 8:00 AM
Place: First American Exchange, 1737 N. 1st St., San Jose - 4th Flr.
Breakfast: Continental Breakfast provided by First American Exchange
Chairman: Richard Domich - CB Richard Ellis, Inc.
Vice Chairman: Keith Suddijan - Cornish & Carey Commercial
Membership: Kari Noomen - WaMu - J.P. Morgan Chase
Sponsor: Mary Kay Kennedy - First American Exchange
Adjournment: 9:30 AM
Note: All present will have an opportunity to present their listings, buyer requirements as well as their analysis of current events and market trends that directly effect the multi-housing (apartment) industry in Silicon Valley and the greater Bay Area.
Your comments are always appreciated. Thanks for reading.
Friday, May 29, 2009
TiVo Saves Big Bucks on Lease Renewal
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.
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.
Thursday, May 28, 2009
Retail Space Available for Sublease in South San Jose
I've been debating with myself on whether or not to post this listing on my blog. It was either this or posting about Twitter (you'll probably get this post next week).
Approx. 3,600 sf of open area retail space is available for sublease @ $6,600 ($1.84 psf) a month NNN from June 1, 2009 until February 28, 2012.
The space is located with a Lucky Supermarket on one side and a Long's Drug on the other side. There is a good mix of Tenants with Wells Fargo Bank, Payless Shoes, Kiddie Academy, Trek Bikes and Subway Sandwiches. There is easy access to Highway 87 and Capitol Auto Mall and Home Depot is just down the street.
If you're interested or would like more information, please send me an email.
Your comments are always appreciated. Thanks for reading.
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