While still below average, the vacancy rate for East Bay office space has ticked up from 8.2 percent at the beginning of the year to over 9 percent today, including an uptick in the vacancy rate for existing office space in Oakland’s Central Business District (from 6.6 percent to... Read More »
The sale of the waylaid Uptown Station development at 1945 Broadway in Uptown Oakland, which has been under construction since 2015 when Uber purchased the former Sears building for $123.5 million with the intention of occupying the new campus in the second quarter of this year, has closed escrow... Read More »
Having previously announced plans to sublet over half of the former Sears Building in Uptown Oakland which Uber purchased for $123.5 million in 2015, the company is now looking to sell the entire building prior to its expected opening in the second quarter of next year. And according to... Read More »
With Uptown Station’s opening already pushed back to the second quarter of 2018 due to design changes, Uber is now looking to sublet up to half of the 300,000 square feet of future office space at the former Sears Building in Uptown Oakland which it purchased for $123.5 million... Read More »
According to Alameda County records, Uber paid $123.5 million to acquire its future East Bay headquarters in Oakland’s Uptown. At 380,000 square feet, that’s $325 per square foot and exactly half the $650 per foot which Embarcadero Capital Partners paid for the 308,000-square-foot Class A office building at 301... Read More »
Uber has purchased the 400,000-square-foot Sears Building in Oakland’s Uptown neighborhood which the department store had occupied since 1996 and vacated last year. Built for the H. C. Capwell Company in 1929, 1945 Broadway was acquired by Lane Partners for $24.2 million in late 2014 and is in the... Read More »
Without naming names, two “large technology companies” are reportedly in discussions to lease the entire Sears Building in Oakland’s Uptown neighborhood which the department store vacated in September. The 400,000-square-foot building, which was built for the H. C. Capwell Company in 1929 and fronts Broadway, Telegraph Avenue and 20th Street,... Read More »
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