Thursday, June 26, 2008

New Retail Center in Fremont, Ca

New Retail Center
Osgood Retail Center-Auto Mall Parkway, Fremont, California
3350 Mowry Avenue
Old Mission Courtyard

Stevenson Row
Charles Schwab
Fuzio Universal Pasta

Sunday, June 22, 2008

Fremont Update: Part 1

Pacific Commons

Yogurt Swirl (Now Opened)
Asian Pearl (Mid July or Late July)
Chez Nous Bakery (June or July)
Dickey's Barbeque Pit ( Open July 7, 2008) Please note the date change

The Globe

Saigon Village
Cyclo Cafe (Open June or July)
Pho Appetit (Open 2-3 weeks)
Orchid Restaurant
Taste of Asia/Vietnam - Food Court (Open August)
Rice Museum
Miss Saigon
Royal Thai
1 New Tenant (Unknown)

Fremont Times Square
Navlet's Garden Centers (Demolish July)

Coming Soon

Straw Hat Grill ( formerly Pizzeria SFO Bar & Grill, next to Sweet Tomatoes)

Tuesday, June 10, 2008

Fundraiser for Bob Wasserman at Japra Mahal

India Post News Service

The current Mayor of Fremont, Bob Wasserman runs against former Fremont mayor Gus Morrison and Councilman Steve Cho.

Under Wasserman's leadership, the city, the fourth largest in the Bay area, is now a hub for arts to sports to fine dining to high tech companies.

Many in Fremont are keen to see Wasserman serve again as Mayor and on Sunday, June 8, in a bid to help the re-election of Wasserman as Mayor, Dr Romesh Japra hosted a fundraising dinner at his residence, Japra Mahal. Also present were Vice Mayor Bill Harrison and Council Member Bob Wieckowski, and Council Member, Anu Natarajan, the first Indian to be elected to the City Council.

The Vice-Mayor and council members spoke highly of Wasserman's leadership skills, political acumen, and his dedication to serving the city of Fremont. 'Please come back Mayor', smiled Anu Natarajan. Bob Wasserman remarked it would be an honor to serve Fremont again as Mayor. He spoke glowingly of his team, saying that interaction with his Council members has always been fruitful if there has been criticism; it's been healthy, constructive criticism.

He said Fremont is slowly but surely flourishing, becoming more business friendly, and the home of several high tech companies. Currently, the city of Fremont is working closely with the A's, and the A's now have completed the land transaction and control 226-acres of land in the City of Fremont where the new Cisco Field ballpark and the urban village will be built. In addition, the A's will continue to work with the City staff on the steps necessary to commence the public application process.

Monday, June 9, 2008

10 Fastest-Growing Real Estate Markets

10 Fastest-Growing Real Estate Markets

The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.

The S&P Case/Shiller Home Price Index, which tracks 20 of the largest housing markets, showed prices plummeting by 12.7% in the 12 months ending February. That's the biggest fall since the index began tracking prices in 2000.

Meanwhile, foreclosure filings more than doubled in the first three months of 2008, spiking 112%. So far this year 156,463 families have lost their homes to repossessions. Many markets won't hit bottom till late 2009 or even 2010.

Pity the residents of Stockton, Calif., whose homes are likely to lose more than half of their 2006 value. But if you happen to live in Texas -- or any of the other cities below -- congratulations: The housing tornado passed you by.

1. McAllen, Texas

12-month forecast: 4%
Median home price: $109,000
One year price change: 2.1%
Five year price change: 23.3%
Change in foreclosure rate: 23%

2. Rochester, N.Y.

12-month forecast: 2.7%
Median home price: $121,000
One year price change: 3.4%
Five year price change: 20.1%
Change in foreclosure rate: 5%

3. Birmingham, Alabama

12-month forecast: 2.7%
Median home price: $156,000
One year price change: 2.9%
Five year price change: 29.4%
Change in foreclosure rate: 20%

4. Syracuse, N.Y.

12-month forecast: 2.6%
Median home price: $126,000
One year price change: 0.8%
Five year price change: 29.5%
Change in foreclosure rate: 27%

5. Buffalo/Niagara Falls, N.Y.

12-month forecast: 2.4%
Median home price: $105,000
One year price change: 1.6%
Five year price change: 24.5%
Change in foreclosure rate: 14%

6. New Orleans, La.

12-month forecast: 2.2%
Median home price: $158,000
One year price change: 1%
Five year price change: 43.7%
Change in foreclosure rate: 49%

7. Scranton, P.A.

12-month forecast: 2.2%
Median home price: $128,000
One year price change: 7.2%
Five year price change: 41.1%
Change in foreclosure rate: 8%

8. Grand Rapids, Mich.

12-month forecast: 1.9%
Median home price: $124,000
One year price change: -3%
Five year price change: 8.3%
Change in foreclosure rate: 37%

9. Baton Rouge, La.

12-month forecast: 1.9%
Median home price: $170,000
One year price change: 5.7%
Five year price change: 38.3%
Change in foreclosure rate: 14%

10. El Paso, Texas

12-month forecast: 1.8%
Median home price: $134,000
One year price change: 6.9%
Five year price change: 51.9%
Change in foreclosure rate: 32%

Monday, June 2, 2008

BART to buy land for Warm Springs rail extension

Bart took a step acquiring seven acres of Fremont land for its rail extension from the Fremont station to a proposed new station in the Warm Springs district of the city.

The board acquire privately owned land at 39410 Civic Center Drive. BART has estimated the market value of the land at around $5.23 million.


The City of Fremont hasn't heard back from MTC yet for the MTC station area planning grant on Warm Springs Bart Station. If the City of Fremont receives a grant, the planning process will include the City Council, key stakeholders, and local property owners in a process to help define compatible land uses.

More high-tech companies in Fremont

George Avalos of the Contra Costa Times writes that more tech companies will expand in Fremont.

Two high-tech companies and a food and water purifying firm have all signed deals to expand in Fremont or move their operations there. The expansions mean more jobs for Fremont.

"We are well positioned to provide a home for growing computer technology, clean technology and life sciences companies," said Lori Taylor, the city of Fremont economic development manager.

The new deals in Fremont include:

  • Super Micro Computer Inc. The San Jose-based maker of high-end mother boards and servers rented 246,000 square feet of production and warehouse space. The deal was handled by commercial realty brokers from CB Richard Ellis and Colliers International.
  • Asus Computer International, which was already in Fremont, leased 153,000 square feet. The maker of computer, consumer electronics and communications products said the new building represents a significant expansion of its operations.
  • PurFresh Inc. has moved its operations and headquarters from Livermore. The maker of technology to purify food and water rented 30,000 square feet in its new home.

    "We needed room to grow," David Cope, president and chief executive officer, said of the PurFresh relocation. "We found that real estate is becoming less expensive in Fremont compared with the Livermore area.''

    PurFresh moved about 52 workers to Fremont as part of the move, Cope said. The company moved into a building that allows for plenty of expansion, if that's needed.

    "We could probably double our head count," Cope said. "We have a bunch of open space in the building."

    Fremont may have an advantage in rental costs over areas besides the Tri-Valley, said Joe Elliott, a Colliers broker.

    "Compared to the rest of Silicon Valley, Fremont has more affordable space," Elliott said.

    Room for expansion also was a factor for Super Micro, which has been growing rapidly in recent years near its San Jose headquarters, said Michael Kalodrich, a spokesman for the high-tech company.

    About 50 people are working at Super Micro's new Fremont complex. But that number should grow.

    "It's a huge facility," Kalodrich said. "So that head count could multiply several times over the next year or two."

    Asus Computer needed more room as well, but it had to confront an extra complication from the potential construction of a baseball stadium and other projects in Fremont. Asus is currently located near the site of the proposed Oakland Athletics ballpark.

    "With the stadium, a lot of things are going to be built," said Cher Chronis, director of marketing communications with Asus. "I understand lease rates have increased exponentially in that area."

    Asus was unable to re-negotiate its lease with the company's current landlord.

    Plus, the company's business has grown strongly in recent years, said Debby Lee, an Asus spokeswoman.

    More expansions could head Fremont's way.

    "We are getting a lot of inquiries from a number of companies," the city's Taylor said.

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