![]() Stonebridge Capital’s 14,400- square-foot lease was the largest lease transaction in the Peninsula of last quarter, followed by Alexandria Real Estate’s 13,600 square foot lease in South San Francisco.One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.īut what if you had the insights to effectively evaluate a company like Roblox Corp before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. ![]() The state of office sales was even bleaker, down 94 percent from 1.5 million square feet in the final quarter of 2021 to 99,000 square feet last quarter. There were 207,000 square feet of space leased last quarter, down 72 percent year over year, according to the Kidder Mathews report. The subleases by Roblox and Guidewire provide some needed activity in the Peninsula office market that stagnated in the fourth quarter of 2022. Other tenants at Bay Meadows include Snowflake, Wilson Meany and Stickbridge. The office buildings are part of a larger 83-acre transit-oriented development that will feature residential and retail projects. In total there are five buildings at Bay Meadows totaling 733,000 square feet, with Building 1 and Building 5 still under construction. By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.
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