Ivanhoé 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.

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.

Federal 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.

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.

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.

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.

With 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.

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.