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 replacrethose loans,” Seligman said. Whether sellers lose big depends on when they purchasesdthe property. If they boughtg during the run-up from 2005 to the firs t halfof 2008, Nadjik said they could lose 20 percent to 40 But if they bought in 2000 or 2001, the asse t should show appreciation. During the first quarter of LoopNet reported only two apartmentf deals in themultifamily sector. Saratoga Squarwe in Santa Clara soldfor $2.6 million, or $163,00o per unit, while 1191 Brace Ave. in Willowq Glen sold for $2.5 million, or $196,000 a The two office properties that sold were1290 N. Firs St. in San Jose for $4.
8 million, or $252 a squarer foot, and 431 Dinah’es Court in Palo Alto for $4 million, or $310 a squares foot. The high-water mark in the industrial sector wasthe 3,000-square-foot flex building at 130 Main St. in Los Altos that sold for $3.5 or $1,194 a squarr foot. The low was 555-559 Charcot Ave. in San Jose, whicbh sold for $5.2 million, or $59 a square