#commercial-real-estate

#commercial-real-estate

Michael's legal career started at Cadwalader, Wickersham & Taft, the oldest law firm in the U.S. He joined their real estate finance group after graduating from Boston College Law School in 2002. The timing was important-he entered the industry just before the real estate boom of the mid-2000s. "Cadwalader was fast-paced and full of very smart people. I had to learn quickly how to manage complex deals," he recalls.

We were spread out across different buildings. Now it's all under one house, which is so nice,

MILPITAS - The 229-room Sheraton San Jose Hotel was bought for $20.1 million, according to documents filed on Aug. 22 at the Santa Clara County Recorder's Office, well below the property's assessed value. The purchase price for the hotel at 1801 Barber Lane, near the interchange of Interstate 880 and Montague Expressway, was 47% below its assessed value of $38.1 million as of January, according to county real estate documents.

The Campus at Scott, an office and tech complex in Santa Clara big enough to accommodate 1,800 to 2,300 workers, has been bought by an alliance of Bay Area real estate firm Ellis Partners and Boston-based hedge fund Baupost Group. We are thrilled to add these high-quality buildings to our growing portfolio of Silicon Valley office and research and development assets, said Kevin Bocci, an Ellis Partners senior vice president.

While I can't speak to the accuracy of these allegations, they are serious and credible. And they demand an answer,

YES: Recent actions by Irvine Company indicate that it has concluded that its resources are better deployed in locations outside of downtown. It continues to invest in other areas such as University City. The high downtown office vacancy rate, the sales price for the property on Broadway the Irvine Company just sold and the struggling Campus at Horton project are all good reasons to have a pessimistic view of downtown commercial real estate.

For 1,200 square feet on the ground level with a Wu-Tang Killa Beez-yellow HVAC barrel running through it, plus 900 square feet in the basement, I offered $186,000 per annum, or $15,500 per month, with 3 percent escalations per year and an initial lease term of 12 years and 8 months. Because the build-out and renovation was going to take time, I also requested eight months of free rent.

Archer Aviation has leased a 105,000-square-foot building at 10 West Tasman Dr., previously troubled with a loan failure, for its expansion efforts.

"A deal between the parties would create an Irish property behemoth, with industry sources saying that Sherry Fitzgerald is eager to expand its offering in the commercial sector."

HSBC has signed a 15-year lease for 210,000 sq ft in Canary Wharf after a desk shortage prompted reassessment of its London strategic operations.

Applied Materials has invested over $421 million in Sunnyvale properties, supporting plans for a new tech complex expected to bring 2,000 engineering jobs to Silicon Valley.

"Akerman failed to advise [plaintiff] Turner of the most basic and appropriate remedies available to landlords under Florida law in the event of a breach by a tenant."

The streets aren't paved with gold, but they're clean, edged in plantings and dotted with retailers. New commercial developments lure office tenants by offering the perks of downtown without the strife and grime.

Farsight AI has secured $16M in Series A funding to enhance workflow automation solutions specifically tailored for the financial services sector, showcasing significant investor confidence.

This fully renovated mixed-use commercial property offers updated features, practical layouts, and solid investment potential in one of Staten Island's most active corridors.

The evolution of our business - from one largely comprised of forever-hold, balance sheet assets to a mix that also includes properties held in fund strategies with varied hold periods and return goals - has led us to examine our organizational structure.

The recent acquisition of the former 23andMe headquarters illustrates the dramatic downfall of commercial property values in Silicon Valley post-pandemic.

The rapid pace of constructing data centers could have significant consequences for commercial real estate, particularly given the shift away from traditional office settings.

"I don't think there's been nearly as many properties in New York that have been trading hands," Levine said, adding that his firm had hoped to acquire antiquated office properties in the city that it could convert over to residential use.

Caliente, known for its massive second-floor deck with views of Lake Tahoe, quietly closed its doors in October 2024 after an 18-year run.

I think California is in a desperate situation today. It suffers from incredible mismanagement. I love a good challenge. I love helping people.

Downtown San Jose's office vacancy hit 30.6% this quarter, slightly better than previous quarter, but still concerning and indicative of ongoing real estate struggles.

Even buildings with low vacancy rates and steady rental incomes are feeling the sting of a fickle economy.

Ferrari's move to 425 Park Ave illustrates their commitment to enhance their brand presence with a more accessible, architecturally prominent showroom in New York City.