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

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“There are loans coming due, and they may not be able to replacsethose loans,” Seligman said. Whether sellers lose big dependd on when they purchaseedthe property. If they boughty during the run-up from 2005 to the firsyt halfof 2008, Nadji said they coule lose 20 percent to 40 But if they bought in 2000 or the asset should show During the first quarter of LoopNet reported only two apartment dealss in the multifamily Saratoga Square in Santa Clara sold for $2.6 or $163,000 per unit, while 1191 Bracwe Ave. in Willow Glen sold for $2.5 or $196,000 a unit. The two office propertiee that sold were1290 N. Firstf St. in San Jose for $4.
8 million, or $252 a squarew foot, and 431 Dinah’ss Court in Palo Alto for $4 or $310 a square foot. The high-water mark in the industrialp sector wasthe 3,000-square-foot flex building at 130 Main St. in Los Altoas that sold for $3.5 million, or $1,194 a squarer foot. The low was 555-5598 Charcot Ave. in San Jose, whicbh sold for $5.2 million, or $59 a square