Tivo renegotiates rent reduction at Alviso headquarters
Tivo re-negotiated the lease for its 127,124-square-foot headquarters it leases in the Alviso neighborhood in San Jose at 2160 and 2190 Gold Street from the Bixby Technology Center, getting a 23 percent decrease in its rent beginning next February and extending the term for an additional seven years, according to a filing the company made Monday.
The rent roll-back begins Feb. 1, 2010, when the company will begin paying $1.10 per square foot, down from the $1.42 rate it currently pays. The rent will then increase a nickel a year, reaching $1.40 in the final year.
The company is also being given a $7 per-square-foot tenant-improvement allowance.
In other news contained in the same filing, the digital video recording services firm said that Geoff Yang, a founding partner of Redpoint Venture Partners, will not stand for re-election at the company’s next shareholder meeting after 12 years of service. He sits on the board’s nominating-and-governance and technology committees.
1 comment
corruption
More needs to be done to investigate the practices of how executives are treated, pampered, and provided with endless compensation, at the cost of the employees, who work hard and are not rewarded.
Jun 23, 2009