![]() ![]() To an extent, this is a reasonable challenge that most strategy sim games confront you with, but given Project Highrise’s 2D, vertically stacked nature, one mistake in the early game can ruin your chances for a nice looking building later on. But there’s no way to know how to allocate your space properly as you continue the upward and outward expansion of your skyscraper without the knowledge of these size restrictions. Studio apartments are a manageable six tiles wide and one-bedroom apartments are eight wide, but you will eventually find the need to build two-bedrooms, large two-bedrooms, two-story duplexes, and huge lofts. (That is, until you’ve completed your first few scenarios and have it memorized.) The same goes for housing and other options. “People can judge the value of their buildings based on the price for 303 Almaden,” Sandlin said.“Small offices are four tiles wide and medium offices are 10 wide, but there are also large offices and HQ suites which, until you unlock them, have undisclosed dimensions that make long-term planning in Project Highrise a near impossibility. The latest price works out to roughly $151 a square foot. ![]() The buying group purchased the high-rise in an all-cash deal, the county documents show. ![]() Now, the same 303 Almaden tower that in 2017 created an all-time high benchmark price for a downtown San Jose office building is involved in a property deal that could point to a nadir for the local office market. Office vacancies rose and rents flattened, unsettling trends that helped to undermine the values of office buildings throughout the Bay Area. The fundamentals that helped office prices and rents rocket to previously undreamt-of heights in downtown San Jose began to crumble in 2020 with the coronavirus outbreak and the government-ordered business shutdowns to combat the spread of the deadly virus.Įven worse, tech companies starting in 2022 began to chop Bay Area jobs in big numbers, a downsizing that also curbed their respective appetites for office space. Three years later, however, the coronavirus erupted, bringing with it a plague of economic woes that torpedoed office buildings, hotels and retail properties. With its location at the corner of Almaden Boulevard and West San Carlos Street, the high-rise is considered one of the downtown’s top-notch properties.īig San Jose office building flops into loan default What is clear, however, is that the San Jose office tower sold for far less than its previous purchase price - despite several favorable attributes. 11-story downtown San Jose office tower at 303 Almaden Boulevard near West San Carlos Street. (George Avalos/Bay Area News Group) It wasn’t immediately certain if Steerpoint was involved with the 303 Almaden deal. George Mersho, chief executive officer of Morgan Hill-based Shoe Palace, headed up the group that bought the 11-story office tower, county real estate files show.Īnother company that Mersho heads, Bridge Group Investments, recently began to team up with Los Angeles-based Steerpoint Capital, a real estate firm, on multiple commercial real estate investments. Entry area of an 11-story office tower at 303 Almaden Boulevard near West San Carlos Street in downtown San Jose. (George Avalos/Bay Area News Group) 13 with the Santa Clara County Recorder’s Office. The office building, located at 303 Almaden Blvd., has been bought for slightly under $23.8 million, according to documents filed on Dec. ![]() SAN JOSE - A prominent office tower in downtown San Jose has been bought for a much lower price than the last time the high-rise was sold, a deal that underscores the frailty of the Bay Area office market in the wake of the coronavirus pandemic. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |