SiliconBeat

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 Read the rest of this entry »

Lam Research has decided it won’t occupy one of two new buildings in Livermore that it agreed to lease from BNP Paribas in December 2007. As of the end of 2008, Lam had $170.2 million in restricted cash and short-term investments set aside as collateral required under the lease agreements, according to the company’s May 8 quarterly financial filing with the SEC.

Lam, which is also in the process of laying off Read the rest of this entry »

One silver lining of the current downturn, at least as far as businesses leasing space goes,  is that rents are getting cheaper.

Vivus, the Mountain View pharmaceutical company, extended the lease it signed two years ago on its corporate headquarters at 1172 Castro Street and is getting the rent lowered from $1.85 per square foot to $1.64, lowering the current monthly payment from $26,338 to $23,349 starting Aug. 1 and expiring July 31, 2011, according to a filing the company made Thursday, and compared to the original lease.

Adept Technology, the Livermore maker of manufacturing robotics, is set to go to court Sept. 16 to try and stop its eviction from its headquarter facilities in the Tri-Valley Technology Center on Triad Drive, according to one of its SEC filings Wednesda. It’s landlord, who gave the company notice back in April that it wished to terminate its lease, and saying that the company owed it a $1 million “termination fee.” The July deadline came and went with Adept still occupying the space. A second termination notice was served giving the company until Aug. 26 to vacacte the premises, which Adept still has not done. Read the rest of this entry »

For the second time in less than a year, Aviza Technology has seen the buyer of its Scotts Valley headquarter pull out of the deal at the last moment, according to a filing Friday.

In March, we wrote about the announcement of the most recent deal, which marked down the price for the nine-building property to Read the rest of this entry »

Do we smell a bottom? (Pun unintended, but apt nonetheless.)

As the downsizing of the American dream continues, we noticed this Reuters story in our in-box:

Asia, Mideast to unleash “go west” property drive

Here’s a quote from the story, which, like a drop of water, seems to contain a world within it:

“Instead of talking about emerging markets in Asia, now emerging markets could be in the U.S.,” said Yu Lai Boon, chief investment officer of Dubai World, a state-owned investment firm. “As investors in the Middle East, we’re seriously looking at the U.S. and European markets right now as the beginning of investment for the next golden era.”

Could this be what our appetite for cheap foreign stuff and expensive oil, coupled with a manic housing market, has wrought: foreign buyers for our real estate. That should please The Blackstone Group, at the very least.

VeriSign has agreed to sell its facilities at 675 and 685 E. Middlefield Road in Mountain View. The buildings make up 159,000 square feet of the 290,000 square feet the company now owns and occupies as its headquarters on East Middlefield Road, according to an SEC filing Wednesday.

The buyer, listed as PR III Middlefield Road, will pay $49 million for the property upon completion of its due diligence review, and may terminate the sale for any or no reason.

VeriSign has agreed to lease back the properties for 30 months after the sale is completed, which is expected to take place later this month, paying $12.5 million or about $2.62 per square foot per month. Verisign will also have the option to extend the lease for five more years when it expires.

Hansen Medical, the Mountain View medical device company, filed a disclaimer with the SEC early Tuesday about a “May 4, 2008 New York Times article” in which “a statement concerning when (Hansen Medical) should become profitable” was attributed to “an officer” at the company. Read the rest of this entry »