San Jose
Renesas Electronics Inks 216 KSF Lease in Milpitas
In one of Silicon Valley’s largest transactions this year, the company agreed to expand its premises to include all of 915 Murphy Ranch Road at Murphy Crossing.
Tech Scene Stays Hot, Rent Growth Cools in San Jose
Rent growth has been decelerating since it reached double-digit levels in 2015. As of May, the metro’s $2,675 average rent was more than double the national average of $1,316, according to Yardi Matrix.
InfiniPower Lands $54M for Upcoming Silicon Valley Marriott
CBRE secured construction financing for the development of a 147-key Marriott Residence Inn and a 114-key Fairfield Inn & Suites in North San Jose. InfiniPower Hospitality plans to develop the property on a vacant 6.7-acre site purchased in 2006.
Panoche Valley Solar Project to be Downsized
Through a settlement with California environmentalist groups, nearly half of the solar development’s capacity will move to the Imperial Valley as a measure to protect the Panoche valley’s endangered species.
Nazareth Snags $16M Silicon Valley Industrial Asset
The two flex buildings total 180,000 square feet, making the company one of the single-largest landlords in Morgan Hill, Calif.
Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
Cohesity Relocating to San Jose
The company leased nearly 40,000 square feet of office space at River Park Tower II in San Jose, Calif. Expected to move in the last quarter of the year, Cohesity will occupy the seventh and eighth floors of the building.
Dermody Snags Silicon Valley Class A Industrial Asset
JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.
Mammoth 1 MSF San Jose Office Project in Talks
TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story buildings.
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.