SAN FRANCISCO, CA – December 11, 2013 – HFF announced today the sale of Pacific Commons Shopping Center, an 865,783-square-foot regional power center in Fremont, California.

Noted as one of the largest power centers in Northern California, HFF marketed the property on behalf of the seller, an affiliate of Catellus Development Corporation, a TPG Real Estate investment. Heitman purchased the asset which was subject to an existing loan.

Pacific Commons Shopping Center is located at the southwest corner of Interstate 880 and Auto Mall Parkway. Completed in phases between 2004 and 2006, the center is part of a larger approximately 1.2 million-square-foot retail development situated within an 840-acre mixed-use master planned community that also includes 1.1 million square feet of office/R&D and light industrial space, an 11-dealership auto mall, 440-acre wetland preserve and a 153-acre land parcel with entitlements for 3.4 million square feet of additional office, R&D and retail. Situated on 79.2 acres, Pacific Commons Shopping Center is approximately 97 percent leased and is anchored by tenants such as Lowe’s, Costco, Nordstrom Rack, TJ Maxx, HomeGoods, Staples, Kohl’s, DSW, Target (NAP) and Cinemark Century Theaters (NAP).

Read the rest of the story on The Register – here.

By Robert Carlsen of The Registry

The term “Golden Triangle” harks back to a mysterious and perilous Southeast Asian geography that defies time. It’s also a place that defies law being one of two primary locations in Asia where illicit drugs are produced.

There is a slice of Silicon Valley flanked by Highways 101, 237 and 880, and incorporating parts of Santa Clara, North San Jose, Sunnyvale and Milpitas that bears the same name. The golden moniker is an appropriate descriptor given the level of commercial, residential, retail, entertainment and hospitality real estate projects under way in this small region.

Major tech players such as Google, Cisco, Samsung and others are spreading out in rapid succession here. And they are just the tip of the proverbial iceberg.

According to San Jose Mayor Chuck Reed, the city put together a task force 20 years ago to study economic development opportunities in the fledgling Triangle, which was showing great promise in attracting burgeoning technology companies.

Read the rest of the article on The Registry here.

KB Home is well underway with the construction of 242 for-sale residential homes located on the north side of The Flea Market, bordering Berryessa Road in San Jose. The foundations for the model homes are being formed, and the finished models will open in December 2013.

Borelli Investment Company represented The Flea Market in the sale of 9.5 net acres of excess land in February 2013. Borelli Investment Company is also the project manager on the development of the 120 acre site.

As part of Phase I, Berryessa Road is being renovated in include sidewalks and infrastructure in order to provide a pedestrian-friendly entrance to the future Berryessa BART station. Sierra Road will be opened to Berryessa Road. A walking trail along Coyote Creek will be constructed, and land will be dedicated to the City for a future park to be built next to the entrance of the creek trail.

All inquiries for this project should be directed to Chris Anderson or Ralph Borelli at Borelli Investment Company – 408-453-4700.

1825 De La Cruz Boulevard is affordable Small Office Space near Mineta San Jose International Airport.

If you’re in the market for small and affordable office space in the South San Francisco Bay Area, 1825 De La Cruz Boulevard in Santa Clara is your building. As part of an invigorated marketing campaign, recently appointed leasing agents Larry Bengiveno and Patrick Bumb have worked with the property owner to offer an attractive move-in incentive.

In addition to competitive pricing, take advantage of 1 month free rent with a 1 year lease commitment. These second floor office suites range from 600 – 4,000 sq. ft. and feature fresh paint, new carpet, newly remodeled restrooms, well-maintained grounds and local property management.

With neighbors like Costco, Mineta San Jose International Airport, Santa Clara University and bustling El Camino Real, the location of this building is ideal for your small office use.

For more information on these spaces, or answers to any of your real estate questions, contact Larry Bengiveno and Patrick Bumb at (408) 453-4700.

 
 
 

Google agreed to rent a former shopping mall in Mountain View, in the largest Silicon Valley lease deal of the year, according to the property’s owners.

The former mall is being renovated into an office complex, with completion scheduled for next year, real estate investment firm Rockwood Capital LLC said today in a statement. Once the renovation is completed, the campus will have more than 500,000 square feet of office space on 27.6 acres.

Read the full story at the Silicon Valley Business Journal site.

Five years ago, the neighborhood retail center on Saich Way at Stevens Creek Boulevard in the heart of Cupertino had a fire that destroyed most of the businesses located there.  Now, developer Borelli Investment Company and contractor SiliconX Construction have received approval from the Cupertino City Council to rebuild and expand the center to 15,500 square feet of retail space.  Construction is expected to begin in the 1st quarter of 2014, with completion expected by October 2014.

Surrounded by some of the largest and most successful employers in Silicon Valley and situated across Saich Way from a busy Target store, the Saich Way Station center promises to offer its tenants not only high-quality Class “A” retail space, but also an incomparable, high-traffic location.  This desirable combination for tenants has already resulted in approximately 50% of the expanded center to be pre-leased.

“We and our team have worked very hard with the long-time family owners of the property and the City of Cupertino to design a project that complements the well-planned Cupertino community,” said Tom Purtell, Chief Operating Officer of SiliconX Construction.  “This has made the project very attractive to the retailers we’re talking to and we’re excited about the prospects for the center going forward.”

Built from the Ground Up

The construction project will involve complete demolition of the existing structures on the site, and then building the new retail center from the ground up.  There will be ample parking and extensive landscaping that will include orchard-like trees consistent with Cupertino’s heritage.  Further, because the retail center falls within Cupertino’s Heart of the City Specific Plan area, attention will be paid to ensuring that the site is friendly to both pedestrians and cyclists, with wide walkways and bike racks in front of the retail businesses.

In addition to Borelli Investment Company as developer and SiliconX Construction as general contractor, other team members on the project include FCGA Architecture as architect, and HMH Engineers as civil engineers. For information about the new Saich Way Station retail center, contact Tom Purtell at (408) 418-0099 or e-mail tom@borelli.com.

SiliconX Construction, an affiliate of Borelli Investment Company, is a full-service general contractor that provides a wide array of value-focused construction services to clients throughout Northern California.  Specialties include ground-up construction, major renovations, tenant improvements, and facilities maintenance.  For more information, call Tom Purtell at (408) 418-0099, or e-mail tom@borelli.com.  For more information about SiliconX Construction, visit siliconxconstruction.com.

 

 

#          #          #

Borelli Investment Company has been retained to run point on property management at this Golden Triangle office building.

Epoch Realty Capital has made its third Silicon Valley deal in less than a year, picking up a 123,000-square-foot office building in Silicon Valley’s Golden Triangle. Epoch will embark on a multimillion-dollar renovation, including a complete re-do of the entry and lobby area “to bring a current, high-tech feel,” Love said. Borelli Investment Co. has been retained to run point on property management.

Read the full story in the Silicon Valley Business Journal here.

nbsp;

nbsp;

Southern California powerhouse Matt Construction Corp. has been selected as general contractor to build the first phase of the $300 million Nvidia Corp. campus in Santa Clara.

The company displaces Webcor, which had been announced in February as the general contractor for the first 500,000 square feet of a one million square-foot development.

Nvidia proposes a two-building campus of matching triangles characterized most obviously by their massive expanse: 250,000 contiguous square feet on each of four floors. It is slated to accommodate 2,500 workers on 25 acres the company acquired in 2009.

Read the rest of the story on The Registry.

World citizen Uday Dandavate is one chief executive whose company won’t occupy a campus and who would never advise anyone else to build one.

Trained in industrial design at the Ohio State University with a focus on learning methods and tools from psychology, anthropology and communications theory, Dandavate advises corporate America. His clients include Samsung, Microsoft, Motorola, Intel, Honda, Hewlett-Packard, Johnson Controls, Kodak and Pepsi.
SonicRim, his company, helps companies see how workers and customers experience their culture and products. “Whenever our customers want to add something new for their customers or make a workplace experience innovation, they come to us to understand the experience of the target audience, so they can improve the idea,” he said.

Read the rest of the story at The Registry.

San Jose and San Francisco are among the top-10 jobs-producing metropolitan areas in the country today based on their employment growth rates over the last 12 months, the brokerage finds. Together with the Oakland metropolitan area, the region is growing on the order of 100,000 jobs a year and should maintain that pace for the next several years, Hessam Nadji, Marcus’ managing director of Research and Advisory Services, said.

Read the full story at The Registry.