1) How is Silicon Valley positioned to change as Google’s presence grows?
2) Office Rents: What tenants are preferring Silicon Valley to Oakland/San Francisco?
3) North San Jose Update: With many projects coming online in that part of town, what will the effect be on office rents in places like Palo Alto, Milpitas & Sunnyvale?
4) Land! With land values reaching new heights in and around transit hubs, what does that indicate for suburban sprawl?
5) Tech: With young companies making moves in SoCal, is Silicon Valley losing the appeal for companies on the up and up?
Century Plaza was built in 1982 and is a 4-story, 116K Class A office building located in Foster City, CA. The property, now owned by DivcoWest, has recently undergone an extensive capital renovation, positioning it near the front of the pack in Class A options along the 92 corridor.
DivcoWest, founded by Stuart Shiff, is a vertically-integrated operator, owner, developer and real estate partner to the innovation economy. Since its inception, DivcoWest and its predecessor have acquired more than 42 million square feet of commercial space located primarily in U.S. coastal innovation markets. The current real estate portfolio includes existing and development properties across office, R&D, lab, industrial, retail and multifamily. Headquartered in San Francisco, DivcoWest has corporate offices in Los Angeles and Boston, as well as numerous property management locations. For press inquiries, please contact Andrew Neilly at email@example.com and to learn more, visit www.divcowest.com.
|8:30 AM - 9:15 AM||
North San Jose & Milpitas Update
Hot Projects and Leasing Outlook
|9:15 AM - 10:00 AM||
The Google Effect!
Investment Sales Deep Dive for San Jose Land, Property and Construction Values! Value Add, Repositioning and Adaptive Re-Use
|10:00 AM - 10:30 AM||
|7:30 AM - 8:30 AM||
Breakfast & Networking
1065 East Hillsdale Boulevard
Foster City, CA 94404
Floor: 1st floor
Parking Information: Complimentary parking is available onsite.
Moving into 2018 many owners, developers, brokers and contractors have speculated on where Silicon Valley was headed. Tech still has a very strong presence in the region and with projects coming online in North San Jose, the overarching trends indicated a successful 2018 with regard to net absorption. As we head into the middle of the year, I’d like to put forth the question: what’s the next big splash in San Jose and Silicon Valley and how do you quantify it? Is it Google’s proposed campus, is it the development pipeline in North San Jose or is it the growth we have seen in cities like Fremont and Milpitas?
We recently held a program where Jeff Birdwell, head of Sares Regis NorCal’s commercial division reflected, “I’ve never seen a time like this. The dot-com boom was something … It came and a few people did well, and there was a big crash afterward. This feels more sustainable.” If Jeff’s sentiments are correct we are going to see a strong cycle in the Valley. Jeff went on to say,“With hard and soft costs, building costs now range from $600/SF to $3K/SF, and enterprise tech companies are willing to spend the money.” It will be interesting to see how office rents react to all the moves we are seeing in the valley. Only time will tell!
Stay tuned to tuned this space! Join as we aim to discuss the state of the Silicon Valley Market. Questions about the event content? Please email firstname.lastname@example.org