As part of the package, the City of San Francisco is offering to link the institute to its fiber optic network and provide free or low cost lab and conference space on the San Francisco General Hospital campus. By Thursday morning, San Francisco was the only city that had posted its full proposal on its Web site as requested by the institute.On the City of Los Angeles Web site, a letter from its mayor detailed the major components of its proposal: free Downtown office space in City National Plaza, free meeting space at the Los Angeles Convention Center, occasional use of a private corporate jet and $1 million in foundation grants.
San Diego is reportedly offering free rent for 10 years in view space in the citys biotech hub, as well as free grant-making consulting services from companies that work with the National Cancer Institute. San Joses bid reportedly includes the option to choose from two sites, one near the airport and the other downtown.In addition, it is said to include free conference center use, discount furniture, interior design services, and free or discounted hardware and software equipment from Silicon Valley companies such as Hewlett-Packard conveyancing experts, city of Emeryville and Wareham Development, which owns about 1 million sf of lab space in the area, have plans to keep the headquarters in Emeryville.
According to published reports, their offer includes free rent as well as a promise to support the biotech industry by speculatively developing a four-story, 200,000-sf laboratory and office building on a 2-acre parcel it is acquiring east of EmeryStation near Hollis and Powell streets. The City of Sacramento is offering free rent in a building at One Capital Mall and $800,000 in tenant improvements in cooperation with the building owner, the Tsakopoulos family.
In addition, the city will provide 40 parking spaces, free convention and meeting facilities, and discounts on hotel accommodations, office equipment and furniture, a city spokesperson tells GlobeSt.com. ATLANTA-Duke Realty Corp.s 13-year-old client relationship with Switzerland-based Leica Geosystems has resulted in a 10-year, 80,000-sf lease in a 100,000-sf building Duke bought just to accommodate Leicas requirements.
Duke officials declined to disclose the value of the leasing transaction but area brokers familiar with the suburban Norcross submarket tell the deal is in the range of $16 million. Duke will lease the remaining 20,000 sf to other tenants at a gross asking rent of $19.50 per sf.
That initial lease grew to 50,000 sf Leica currently occupies. Duke Construction, a division of Indianapolis-based Duke Realty Corp., is handling renovations on the 100,000-sf building which is expected to be ready for occupancy early in the second quarter. LOS ANGELES-The buyers of a 109,000-sf land parcel at the corner of Wilshire Boulevard and Hoover Street plans to build a 22-story condo tower with ground floor retail space at the Koreatown site, according to Lee & Associates.