Commercial real estate deal drought in Silicon Valley stuns industry - Puget Sound Business Journal (Seattle):

martaemimbzini.blogspot.com
“There are loans coming due, and they may not be able to replacewthose loans,” Seligman said. Whether sellers lose big dependas on when they purchased the If they bought duringthe run-up from 2005 to the firsyt half of 2008, Nadji said they could lose 20 percent to 40 But if they bought in 2000 or 2001, the asset shouldd show appreciation. During the first quarter of 2009, LoopNe t reported only two apartment deals in themultifamilt sector. Saratoga Square in Santa Clara soldfor $2.6 million, or $163,000 per unit, while 1191 Brac Ave. in Willow Glen sold for $2.5 or $196,000 a unit. The two office properties that sold were1290 N. Firstg St. in San Jose for $4.
8 or $252 a square foot, and 431 Dinah’s Courtr in Palo Alto for $4 million, or $310 a square The high-water mark in the industriaol sector wasthe 3,000-square-foot flex building at 130 Main St. in Los Altos that sold for $3.5 million, or $1,194 a square The low was 555-559 Charcot Ave. in San which sold for $5.2 million, or $59 a square