Benefits to building tenants include lower operating expenses due to the energy efficiency of the solar on the rooftop and on “solar trees.”  Tenants can feel good about locating here!

SilRay performed the solar installation.

Plans are being developed to modernize the three-story, 74,000 sq. ft., mission-style office center into smart buildings, which will include a number of energy-saving features, including utilizing solar power, which will include a number of energy efficiency upgrades, including installation of a roof-top solar energy system which is expected to offset the majority of electricity consumption of the building. Over the next 12 months, asset manager, Archers Capital; development manager, Borelli Investment Company; and general contractor, SiliconX Construction, will lead the renovation process with a particular emphasis on enhancing traffic flow and improving visibility.

The update is especially timely because it will address the fast-growing demand for modern office space in Silicon Valley and particularly in West San Jose. The renovation will complement the City of San Jose’s planned sweeping redevelopment of Winchester Boulevard from Santana Row to Campbell.

Archers and Borelli Investment Company have tapped local architectural firm, AAI, to reimagine the office center and creative an attractive, efficient environment that will serve the needs of the community. The footprint of the two buildings should remain largely the same. Currently, Comerica Bank and Pacific Oaks Colleges are the major tenants in the office complex.

“Our Westside community is greatly in need of upgraded Class B office space,” said Buddy Parsons, president of Borelli Investment Company. “The rebranding of Golden Pacific Office Center is now underway. The office complex is halfway between Santana Row and downtown Campbell. We anticipate attracting tenants from both areas with our renovated smart buildings and our generous 8/1,000 parking ratio.”

Affordable spaces are available now beginning at approximately 475 sq. ft. The location is close to restaurants and retail services on Winchester Blvd. and in Santana Row and Westfield Valley Fair, which are minutes away. The complex also offers quicker commutes for employees with ready access to I-280 and I-880. For more information, contact Borelli Investment Company at (408) 453-4700.

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About Archers Capital

Archers Capital is a San Jose, California-based real estate investment firm that invests, develops and manages both commercial and residential properties. Focused on the greater San Jose Bay Area, Archers manages investments and creates value in renovating and repositioning existing buildings and ground-up development. For more information, please visit www.archerscapital.com.

About Borelli Investment Company

Borelli Investment Company is a San Jose, California-based real estate services firm that has provided property management, leasing and development services to the Silicon Valley and beyond for over 60 years. Every member at Borelli brings a professional approach to help owners and investors achieve their goals. For more information, please visit www.borelli.com.

Pacific Oaks will occupy all 10,500 sq. ft. of space on the ground floor of one of the two buildings in the three-story, 72,000 sq. ft. office complex — in space formerly occupied by Corinthian College. The new location will allow Pacific Oaks to serve a growing number of students in Northern California, offering access to the same support services that are available to students at the school’s main campus in the heart of Pasadena.

Founded 70 years ago by a small group of Quaker families, Pacific Oaks College is a fully accredited institution dedicated to serving non-traditional and adult students. The college offers bachelor’s completion and master’s degree programs in human development, marriage and family counseling, education, early childhood education, and teacher credentialing. In addition, Pacific Oaks has adopted an experiential learning approach that offers students the opportunity to earn academic credit for real-world experience together with regular coursework.

The college was attracted to the Golden Pacific Office Center because of its ideal location near I-280 and I-880, easy street access and abundant parking with a ratio of approximately 10 spaces per thousand square feet (shared with the adjacent Bethel Church). Pacific Oaks was also pleased to learn that Borelli Investment Company — which provides property management services at the complex — is planning a significant renovation of the entire office center.

Borelli affiliate, SiliconX Construction, will oversee the contracting work at the complex, which will include an extensive renovation of all common areas, plus a complete uplift of the specific space Pacific Oaks will occupy. Improvements will include new floor coverings, painting and other upgrades to meet the college’s requirements. Pacific Oaks expects to move into its new Bay Area home in mid-July.

For additional information about space available in Golden Pacific Office Center, please contact Buddy Parsons, president of Borelli Investment Company, at (408) 453-4700, or email buddy@borelli.com.

About Borelli Investment Company

Now in its 60th year in business, Borelli Investment Company is one of the oldest commercial real estate firms serving the Santa Clara Valley, Central Valley and Sacramento areas. The company provides a full range of commercial real estate services — from development and asset management to land sales and property management services — as well as general contracting through its SiliconX Construction affiliate. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borellli.com.

About SiliconX Construction

SiliconX Construction is a full-service general contractor that provides a wide array of value-focused construction services to clients throughout Northern California. Specialties include ground-up construction, major renovations, tenant improvements, and facilities maintenance. For more information, call Tony Gonzales at (408) 418-0099, or e-mail tom@borelli.com. Or visit siliconxconstruction.com.

For leasing information, contact Lee Jatta at Borelli Investment Company – 408-453-4700.

The city, considered one of Silicon Valley’s most desirable office markets, has seen rents overall climb 49 percent since the start of 2010, JLL says. The number for less-swanky Class B product? That’s zoomed even more, up 114.4 percent, JLL says.

Read the full story in the Silicon Valley Business journal here.

San Jose’s Diridon Station Area Plan is officially a go.

Article from Silicon Valley Business Journal

The San Jose City Council on Tuesday unanimously approved the new land-use guide for the 250-acre area centered on Diridon Station, the city’s biggest transit hub. The plan was slated for approval earlier this month, but council members delayed taking action until this week to go over some last-minute changes.

The plan hasn’t gotten a lot of coverage, but it’s a big deal for the long-term future of the area, which is just opposite downtown on the other side of Highway 87.

Read the rest of the story at Silicon Valley Business Journal.

The information presented at the event summarized the state of the national economy, with special emphasis on the regional figures, as well. But it was the assessment of the real estate industry that most of the attendees of the event wanted to hear. Unsurprisingly, the region checked in as healthy as one would expect.

Read the full story at The Registry.

Campbell is a market with limited inventory, and brokers say the West Valley city is poised to pick up as tenants get pushed out of nearby markets such as Los Gatos, where Netflix has continued to gobble up space. In a sign of bullishness on the market, Carlyle is raising asking rents at the 124,000 square foot, courtyard-style building located at 2105 S. Bascom Ave. to $3.75 per foot, full service.

Read the full story in the Silicon Valley Business Journal.

Tech giants such as Samsung and others are expanding their operations within the Golden Triangle while other major players, such as Adobe, Acer, Oracle and Pinger, continue to lure technology workers within the downtown San Jose core. These workers, according to Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast, are predominately Millennials (18-33) who prefer to live close to work in more densely populated areas rife with restaurants and shops.

Read the full story at The Registery, here.

Read the source article at The Registry, here.

Bay Area real estate The RegistrySan Francisco and Silicon Valley will also increasingly become symbiotic as tech companies from the Peninsula to the South Bay continue to beef up their office presence in the big city in an effort to attract highly skilled employees who are seeking the urban lifestyle.

Tempering the enthusiasm somewhat are factors that include rising interest rates and a shaky confidence from small companies concerned with the high cost of doing business in California.

Still, “the trend from an office standpoint in this very special geography that we sit in is incredibly positive,” said Carl Shannon, senior managing director for New York-based developer Tishman Speyer. “We’re blessed in San Francisco to have an economy which has overcome the shrinking that is going on in corporate America.”