AvalonBay Resuming Apartment Construction
After nearly a year of halting new construction, AvalonBay has resumed apartment construction. The company has plans to construct some $400M of new apartment product as the company and others begin to...
View ArticleMoodys’ Commercial Property Price Index Increases 4.1% In December
Moody’s CPPI registered another gain for December. The index rose by 4.1% in December, following a 1% increase in November, marking the second consecutive month of increases. Despite transaction...
View ArticleDimon: California Larger Risk Than Greece
Jamie Dimon, the chief of JP Morgan Chase has indicated that California poses a larger risk than Greece. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion”...
View ArticleSan Jose Update
The Redevelopment Agency has issued its monthly report and while activity at downtown San Jose condos seems to be improving, sales continue to be extremely slow: 360 Residences – 0/213 Units Closed...
View ArticleWal-Mart Scoping Former Mervyn’s Spaces in Southern California
Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF....
View ArticleAOL Takes Down 395 Page Mill Road
AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied....
View ArticlePrudential US Quarterly Update on Commercial Real Estate
Prudential is out with its quarterly update on US CRE. Values have increased (in some cases dramatically), capital markets are opening up, and volume is gaining. All is great, except the fundamentals...
View ArticleThanks Solyndra
For taking $550M of our money (in the form of loan guarantees) and using it to expand like crazy when the price of your product is probably going to get cut in half in a matter of a year. Just seven...
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