Deals In The News
SILICON VALLEY – “Talk about a strong week for investment sales activity in the Valley. Three significant transactions closed, totaling nearly 900,000 square feet, according to public records.”
“Los Angeles-based CommonWealth Partners acquired Sunnyvale Office Park from Tishman Speyer, according to a deed on file with Santa Clara County Clerk Recorder's Office. The complex consists of three four-story office buildings totaling just shy of 425,000 square feet. The campus, built in the early 2000s, has served as the headquarters for Juniper Networks, which is currently completing its own campus.”
“CBRE Global Investors has purchased Murphy Crossing, a five-building campus in Milpitas totaling about 375,000 square feet. Spear Street Capital was the seller.”
“Finally, San Francisco-based Stockbridge Capital Group has closed on San Jose's 5300 Stevens Creek - better known as the Triangle Building. The seller was The Carlyle Group. News of the building's pending sale and price was first reported Wednesday by The Registry.” (Registry version of the story is below.)
10 Avoidable Lighting Mistakes:
 Is your lighting really performing at its maximum capability? These
lighting mistakes and myths are more common than you might think.
If any of these sound familiar, don’t fret. It’s not too late to
improve your lighting quality and building performance. Consider these
10 tips as a launch pad to more efficient energy use. For the full article by: Janelle Penny
Green Sustainable Paint Solutions:
 There is always left-over or old paint on jobsites; but what to do with it? You can now officially and legally recycle it! Kelly-Moore Paints, for example, will accept up to 20 gallons per day. Requirements are that the cans have lids on them; are marked/labeled; and not oil based. For further details, please contact your favorite paint store.
LOCAL:
Fremont Property Value''s Continue to Rise:
 The median price of the 56 homes sold in the 94536 zip code in April was $494,500, according to numbers released Thursday by DQNews. That was an increase of 33 percent over April 2012. For More Information:
Bay Area Job Growth Speeds Up as Unemployment Rates Fall to Lowest Level in Five Years:
The Bay Area created more jobs in May than during the entire first four months of the year, pushing down unemployment rates in the region and statewide to their lowest levels in nearly five years, state labor officials reported Friday. (6/21/2013) For More Information:
Unemployment in the East Bay Drops Sharply For the Second Straight Month:
The East Bay added a significant number of jobs for the second month in a row. The state Economic Development Department reported Friday the unemployment rate in the East Bay fell to 6.7 percent in May. (6/21/2013) Contra Costa County's rate was 6.7 percent, down from 7.0 percent in April and 7.8 percent in March.
Alameda County's rate was 6.8 percent in May, down from 7.0 percent in April and 7.7 percent in March.
Most East Bay communities experienced similar drops in their unemployment rate. Fremont's unemployment rate was at 4.8 percent.
The East Bay added 4,400 jobs in May for a total workforce of 993,900.
Leisure and hospitality gained 1,800 jobs. Trade, transportation and
utilities added 900 jobs. Government employment increased by the same
amount. The construction industry added 700 jobs.
The only significant decrease was in the private education and health industry, which lost 700 jobs.
Bay Area:
 Foreclosure Sales Drop in Bay Area in May:
Foreclosure sales plummeted in May after federal banking authorities reminded lenders to play by the rules when foreclosing on homes, according to a report released Wednesday. Sales have been
declining for months and are now 70 percent below their level a year ago
in those counties as rising property values pull more homeowners out of
trouble and banks work on loan modifications with those who are still
struggling.
Summer Awareness:
 Though recycling started almost four decades ago, there is still a lot to learn! Many of us today still only think of recycling as the blue plastic bins. And when was the last time you were at Starbucks and "got stuck" at the "compost" or "landfill" or "recycle" bins? ha ha. Tips: - Whether flying or
driving, bring along reusable water bottles, coffee mugs and shopping totes to reduce
waste. - Although you sometimes can’t recycle your whole pizza box, you can tear off and
recycle the top half, as long as it’s grease-free. As always, check with
your local solid waste and recycling office to be sure. - You don’t need to rinse out your glass bottles and jars before recycling! Water is the next resource that will probably be rationed. - Recycle your dry cleaning, newspaper, & bread bags and also the plastic film on products like paper towels.
Closing:
Thank you for your continued trust in me and in us. We do not take that lightly. In fact, we continue to grow because of the trust we place in each other, because that leads to referrals for both parties! So again thank you..........for your business and your trust!
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