Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Tuesday, February 27, 2007
Finally Sobrato's San Jose Office Deal is Done!
After 4 long years, the castle that Sobrato built will finally be occupied. 488 Almaden Blvd, at the southern gateway to San Jose's downtown is being purchased by BEA Systems. The Sobrato company could not find a tenant to occupy the whole building - they would have easily leased the building if they wanted a multi-tenant building. That's quite some strength and resolve in Mr. Sobrato. In the end, the decision makers at BEA saw the light and will now own their corporate headquarters. This is a boon for downtonn. Approximately 1,000 jobs to be relocated there and its a huge benefit to the condo tower developers. If you were a BEA engineer, would you not put a deposit down on a new condo there?
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