Regions Southwest
Bioscience Firm Plans to Double Foster City Campus to 1.2MSF
May 5, 2008

Gilead Sciences Inc. is making big expansion plans at its Foster City compound, the San Francisco Examiner reports. According to city Planning Commission records, Gilead is seeking the green light to increase the size of its 17-building campus of office and laboratory space from about 630,000 square feet to 1.2 million square feet. The biopharmaceutical company acquired the property from Equity Office Properties Trust for $123 million in 2003, when it consisted of 16 buildings with an aggregate 500,000 square feet.


 
Recent Southwest Headlines
UDR Wraps Up Reinvestment of Funds from $1.7B 1031 Exchange
Sept. 08, 2008
Almost exactly six months after closing on the sale of 86 apartment properties to DRA Fund VI L.L.C. and joint venture partner Steven D. Bell & Co., UDR Inc. has concluded the reinvestment of 1031 exchange funds from the from the $1.7 billion sale.
Gaylord to Develop Convention/Resort Facility in Mesa
Sept. 05, 2008
Gaylord Entertainment has inked a deal to buy a parcel of land at the Mesa Proving Grounds in Mesa, Ariz., for the development of a resort and convention center. The development will occupy about 100 acres of the Mesa Proving Grounds, which totals about 3,200 acres.
Starwood, Sands Reach Deal on Luxury Residences for Las Vegas Strip
Sept. 05, 2008
Starwood Hotels & Resorts Worldwide Inc. will bring its high-end St. Regis brand to Las Vegas with the opening in two years of The St. Regis Residences at the Venetian Palazzo, LasVegas. Starwood and Las Vegas Sands Corp. reached an agreement for Starwood to manage 398 private luxury residences in a $600 million residential tower under construction on The Strip between The Venetian and The Palazzo.
Jerry Fults Fults to Start New Firm in Dallas
Sept. 05, 2008
Despite a flat Dallas real estate market, Tracy Fults took a leap of faith in the creation of his new real estate firm of Fults Commercial, following in the footsteps of his late father and one-time mentor Jerry Fults
Houston Hotel Emerges from $22M Makeover
Sept. 05, 2008
Sunstone Hotel Investors has wrapped up its reinvention of the former Wyndham Greenspoint Hotel, re-opening the 480-room property as the Hilton Houston North.