In Spite Of The Bad Press, California is Doing Quite Well, Thank you!
I mentioned in a recent blog that Boston Properties is planning for downtown San Jose, California, will feature 1.4 million square feet of office space. Kilroy Realty is in the approval process for 676,801 square feet of new office space at the SoMa Flower Mart project in San Francisco. Amazon just purchased 304 acres in Pleasanton, near Livermore where it already has 600,000 sf of warehouse space at Longfellow Logistics Center, 707,000 sf in Richmond, 506,000 sf in Hayward and maybe 850,000 sf at the Prologics project in Tracy. Tesla could have put its new megafactory anywhere in the U.S. it wanted, but in Lathrop, California if announced a Megafactory with 500,000 sf, which brings its total for Lathrop to over 2.3 million square feet of space. Say what you want, kudos to California, 5th largest economy in the World!!! #Californiabusiness #commercialrealestate #SIOR
