The $210 million price is roughly half, or 47.7% below, the property's assessed value of $401.9 million. The new owners paid 31.2% less than the $305.1 million that the seller, Clarion Partners, paid for the site in 2015. The deal shows that even the presence of tech company Applied Materials as a tenant doesn't guarantee immunity from the economic maladies that have come to afflict the Bay Area office market.
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.
Ellore’s Wellness by Ellore program provides residents with personalized healthcare services, incorporating Medical Advisement, Concierge Medicine, and a focus on keeping seniors healthy and engaged.
The games will be hosted across the U.S., Mexico and Canada. Nearly all of the 11 U.S. host cities have spent or are planning to spend millions upgrading their stadiums and improving other infrastructure ahead of the games, but Santa Clara's Measure J from 20210 protects the city's general fund.