A Fresh Take on CRE

Bay Area Weekly Comp Digest: TuneIn, Innovation Council, and CoreLogic Sign New Leases!

Every Thursday, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
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Palo Alto: TuneIn Signs New Lease in the Great Western Building!

An Internet radio service that offers over 70,000 live global radio stations recently signed a new sublease for just South of 20,000 SQFT of office space (nearly half of the total square footage of the building) at 285 Hamilton Avenue. Sublessor SurveyMonkey.com agreed to accept rent starting in the high-$6.00 PSF for the 2.5 year lease term.  
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Santa Clara:  Intellectual Property Law Firm Signs New Lease at 
2880 Lakeside Drive!
  Innovation Council, LLP recently agreed to pay landlord, The Boston Company, rent starting in the mid-$2.00s PSF with 3% escalations for just over 5,000 SQFT of class A office space in The Lakeside Atrium building.  The firm will stay for 4 years, and it will enjoy 2 months of free rent.   Get the Innovation Council, LLP comp  
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Redwood City: CoreLogic Subleases Over 20,000 SQFT in the ShoreBreeze I Building!

CoreLogic, a provider of consumer, property, and financial information, just subleased over 20,000 SQFT of class A, full service office space from Enecsys, a micro inverter platform company.  The companies agreed to rent starting around $3.25 PSF for the 2.5 year lease term with 3 months of free rent.   Get the CoreLogic comp