South Bay Realestate News – GE to Open $1B

November 23rd, 2011 05:00am

GE to Open $1B Global Software Center in East SF Bay Area
GE has announced plans to open a Global Software Center to be headquartered at the 585-acre Bishop Ranch Business Park in San Ramon, CA.As described by GE, the new “nerve center” in the East San Francisco Bay Area for the company's global software developers and engineers will employ about 400 software professionals.GE leased 225,000 square feet and should be in its new offices at Bishop Ranch 3 by mid-2012, said Ed Hagopian, executive vice…
Randyl Drummer

Market Trend: South Bay/San Jose's Retail Vacancy Decreases to 5.3%
The South Bay/San Jose retail market experienced a slight improvement in market conditions in the third quarter 2011.The vacancy rate went from 5.6% in the previous quarter to 5.3% in the current quarter. Net absorption was positive 424,588 square feet, and vacant sublease space decreased by 21,830 square feet.Tenants moving into large blocks of space in 2011 include: See Grins RV moving into 125,597 square feet at 7900 Arroyo Cir; Safeway…
Justin Sumner

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