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March 2013 Bay Area Real Estate News

 
Boston Properties to add 2 million square feet of office space to San Francisco including a planned 61-story 1.2m square foot project on the Transbay Tower site.
Irvine based LBA Realty considering major overhaul of 400,000 square foot mixed use building at 6701 San Pablo Ave, Emeryville.
Loja Real Estate LLC sells Downtown Pleasant Hill Shopping Center for $100m (345,687 sf) to an account advised by the real estate business of UBS Global Asset Management.
IMS Healthcare consolidates by leasing 26,164 square feet at 425 Market St in San Francisco.
Madison Park to convert west Oakland former General Electric light bulb factory into restored live/work units as part of $24.8 m project.
San Francisco seeing large number of planning applications for new commercial buildings including a 333,000 SF building at 100 Hooper St, an 80,000 SF structure at 77-85 Federal St in South Beach and a 53,000 SF project at 81-85 Bluxome St, near China Basin.
California High Speed Rail Authority seeks $8.6bn on tax payer bonds to help build the states planned $68 bn bullet train system.
Proposed 219,000 SF commercial development in Walnut Creek on a 25 acre parcel owned by Safeway goes to Design Review.
CineArts in Pleasant Hill to be redeveloped by SyWest Developments to include a two story Dicks Sporting Goods store if planning permission is approved.

Oakland's burgeoning restaurant science, employs over 4,800 people, 13.2% of Oakland's total tax revenue.
Tom Henderson scopes up 57,427 sf I.Magnin building in Oakland from Beacon Group Ventures. Office rents about $26psf.
SunCal building training facilities at Camp Parks Dublin in exchange for 180 acres of land for future home development.
Epic takes over 70,000 SF headquarters space at 4120 Dublin Blvd owned in 2011 by Tishman Speyer.
Bishop Ranch office park in San Ramon gets LEED certification for 37 buildings totaling 6.0m SF. Bishop Ranch is home to 600 tenants and 3,000 workers.
Fremont, the bay areas 4th largest city is planning to spend $15m to buy out property to build a downtown.

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