73 Office Buildings Acquired in Silicon Valley

bldgIvanhoé Cambridge Acquires 73 Office Buildings in Silicon Valley with Partners TPG and DivcoWest

Montreal, Quebec, March 20, 2013 – Ivanhoé Cambridge continues to develop its U.S. office portfolio and announces an investment in California’s Silicon Valley region through the acquisition of 73 office buildings in partnership with affiliates of TPG and DivcoWest, who jointly led the transaction which closed in late December 2012.

This opportunistic investment provides the partners with immediate access to 6.4 million square feet of leasable space with a very attractive potential long-term return.

Read the full story at The Registry here.

Nvidia to Build Silicon Valley’s Latest Wonder

The 250,000-square-foot floor plans envisioned for Nvidia’s new Santa Clara campus take to another new degree the rising corporate emphasis in the Bay Area on creating idiosyncratic workspace to fit specific business needs.

Electronic circuit-maker Nvidia Corp. said Feb. 20 that it intended to build a one million square-foot corporate headquarters expansion in two triangular buildings on a 24-acre site across from its existing campus at 2701 San Tomas Expressway.

Read the full story at The Registry here.

Expanding Santana Row Office Offerings

Santana Row Office SpaceFederal Realty Investment Trust is reconceiving the configuration of its wildly popular Santana Row development in San Jose to emphasize greater office use.

The Maryland-based real estate investment trust is pursuing plans to build 690,000 square feet of offices on three sites, including two existing surface parking lots within the 42-acre redevelopment’s existing footprint and a third site it is acquiring.

Read the full story in The Registry here.



Borelli Brokers SJ Flea Market Deal


KB Home buys part of San Jose Flea Market for first phase of a transit village in the Berryessa district. The project’s first subdivision will be called Market Park and the complex deal, which required jumping through numerous approvals, was arranged by Borelli Investment Company.

Read the full story in these publications:

Silicon Valley Business Journal – “KB Home Flea Market Deal Closes

San Jose Mercury News – “KB Home buys part of San Jose Flea Market

For more information, contact Borelli Investment Company – Ralph Borelli – at 408.453.4700.




Ten Reasons to Hire Us as your Property Manager

Many real estate companies provide property management services as an afterthought. We know that quality assets require high-quality management, and we work hard to develop and implement proactive property management strategies that ensure your buildings are aggressively leased and professionally maintained throughout their holding period.

Top 10 Reasons to Hire Borelli Investment Company as your next third party Property Manager:

ForLeaseGuy210. We pride ourselves in managing commercial real estate assets since 1955 as if we owned them.

9. We love to solve challenges in order to re-position commercial properties.

8. We have seasoned Sr. Property Managers who seek results in raising the asset value of our clients properties.

7. We are experienced in managing all commercial property types for its clients including Office, Industrial, Flex, Retail and Hospitality properties.

6.  We have long-standing vendor and sub-contractor business relationships which influence the reduction in cost of services and timely quality of services.

5. We have long-standing governance relationships in Silicon Valley which promote access to solving planning and building issues.

4. We have alliances with Architects, Engineers, Subcontractors, and Consultants which garner our firm timely responses to issues and solutions.

3. We use marketing strategies to promote higher demand, market awareness, retention of tenancies and the promotion of vacant premises throughout the marketplace.

2. We use advanced A/R, Billing, Call-Ticketing Maintenance, Budgeting and Accounting module systems (BIC Access and Payable Pro), including standardized Skyline Accounting Systems and Yardi proprietary systems.

1. Our alliance with SiliconX Construction’s (General Contractor) maintenance department and general construction department, advancing preventative maintenance schedules and call ticket orders from management, quick response times, quality tenant improvements and ground-up construction.

Take a look at our property management services and then give us a call with any questions you may have.  We look forward to hearing from you.




Executive Terminal Planned on West Side of SJC

Proposed Executive Terminal at SJCExisting customer demand and historic, present and projected aviation trends are driving aircraft manager Signature Flight Support to invest $82 million at the San Jose airport, the company’s president and chief operating officer said.

Signature Flight Support promises a 17,000-square-foot “Executive Terminal,” including a proposed expansion of the San Jose Tech Museum; 240,000 square feet of aircraft hangar space in seven hangars; full aircraft service and maintenance; and 18.5 acres of ramp space where it can manage and service aircraft overnight for visitors.

Read the full story here at The Register.




Green Offices Becoming The Standard

The moniker “green” has gone from being hippy, to trendy, to en vogue, to cliché and now it’s the standard. Call it what you will, but this framework of thinking is here to stay.

We liked this blog article found on The Tenant Advocate blog. It’s a list of the most important decisions you can make when locating and operating your business, from a sustainability perspective.

Read the full story here.





Best Performing Cities Index: Tech Is Back

The Milken Institute’s annual index of Best Performing Cities indicated that tech is back. San Jose jumped 50 spots from last year – to Number 1 this year. The index measures of job, wage, and technology performance to rank the nation’s 200 large metropolitan areas and 179 smaller metros.

Read the full story on the Milken Institute website here.



World’s Greenest Office Building Opens

b2With 100% of its energy provided on-site by solar panels and its water harvested entirely from rain, a new six-story building in Seattle is being hailed as the greenest commercial structure in the world.

It’s not that the 50,000 square foot building has dramatic new green technologies, but it’s that the best of them are wrapped into a model green building.

The Bullitt Center houses the Bullitt Foundation, an important environmental foundation, run by Denis Hayes, the founder of Earth Day, and is in the process of leasing to tenants.

Read the full story on SustainableBusiness.com here.

Recovering Office Demand: Rents Up

2012 Mirrored Every Bit The Sluggish Recovery That CoStar Economists Predicted, But There Were a Few Surprises Along The Way.

Tenant demand for office space ended 2012 on a strong note as occupancy gains spread across a broadening array of U.S. markets, opening the door for widespread rental rate increases this year, CoStar Group reported in the company’s Year-End 2012 Office Review & Outlook.

Read the full story on CoStar here.