Press
Sunnyvale Town Center Redevelopment Kicks Off After $100MM Close
October 28, 2016 | The Registry

After years of legal battles and maneuvers, there is finally visible progress in Sunnyvale at its long-troubled Sunnyvale Town Center development site. STC Venture, a joint venture of Hunter Storm, Sares Regis Group of Northern California and investors advised by JP Morgan Asset Management, moved to kick off the work on redeveloping the site just Read More

Construction to begin yet again at Sunnyvale Town Center
October 28, 2016 | The Mercury News

A new chapter for Sunnyvale Town Center began Oct. 19 with a bit of destruction. The property’s new owners were on hand along with city officials to witness construction machinery tear down part of an incomplete, derelict structure that has loomed over the site as a symbol of stalled construction. Hearing the sickening crunch of Read More

Stalled Sunnyvale Town Center Project Back On Track
October 28, 2016 | BISNOW

Excavators are back at Sunnyvale Town Center and the long-stalled project is well underway. STC Venture, a JV of Hunter Storm and Sares Regis Group, and the City of Sunnyvale celebrated the start of redevelopment last week. Sunnyvale City Council, above, including council member Larry Klein, Vice Mayor Gustav Larsson, Mayor Glenn Hendricks, council member Jim Read More

STC Ventures Acquires Sunnyvale Town Center in California from Wells Fargo
October 7, 2016 | Shopping Center Business

Sunnyvale, Calif. — STC Ventures has purchased Sunnyvale Town Center, a 36-acre unfinished mixed-use project located in Sunnyvale, roughly five miles outside Santa Clara. STC is a joint venture between affiliates of Hunter Storm, Sares Regis Group of Northern California and institutional investors advised by J.P. Morgan Asset Management. Wells Fargo sold the property for Read More

Sunnyvale Town Center deal closes for $100 million
September 29, 2016 | Silicon Valley Business Journal

After nearly a year in escrow, a joint venture of Hunter Storm, Sares Regis Group of Northern California and others has closed on the long-dormant Sunnyvale Town Center. The group bought the property from Wells Fargo for $100 million, according to county records. The sale was for almost the entire half-finished 36-acre Town Center property, Read More

Sunnyvale Town Center: Updated agreement could lead to completion before 2021
August 11, 2016 | The Mercury News

Big steps have been taken toward seeing that the Sunnyvale Town Center is at long last completed. On June 30, the Successor Agency for the former Redevelopment Agency of the city of Sunnyvale, adopted the 2016 Modified and Restated Amended Disposition and Development and Owner Participation Agreement for the Sunnyvale Town Center. The agreement defines Read More

All Eyes on Sunnyvale Town Center’s Sale Price and Next Chapter
December 11, 2015 | The Registry

After a lively discussion in the Sunnyvale City Council chambers, the city’s elders voted to acknowledge that the proposed development team comprised of J.P. Morgan, Sares Regis and Hunter Properties has met criteria outlined by the council related to development experience and financial capacity to acquire the troubled development. This decision effectively gives the Sunnyvale Read More

Exclusive: South San Jose lands biggest new tenant in years
April 7, 2015 | Silicon Valley Business Journal

BAE Systems will move hundreds of workers to South San Jose after signing one of the largest leases there in years. The London-based international defense contractor has leased 161,718 square feet at 6331 and 6311 San Ignacio Ave., Megan Mitchell, a BAE communications official, told me on Monday. The bulk of the workers will move Read More

San Jose Mayor Liccardo: Silicon Valley is 'in a war for talent'
January 21, 2015 | Silicon Valley Business Journal

The San Jose-Silicon Valley region “is engaged in a war for talent” with competing metropolitan areas worldwide, San Jose Mayor Sam Liccardo said at a Silicon Valley Business Journal Economic Forecast event on Wednesday, a battle that “will very much determine the future of prosperity of our region for the next decade.” “Today the highly Read More

Hunter/Storm sells Village Oaks to Donahue Schriber for $111M

Looking to make a splash in Silicon Valley, Costa Mesa-based Donahue Schriber has paid $111 million for Village Oaks, the brand-new shopping center in south San Jose. The closely watched sale is one of the more significant retail transactions in recent years and shows the depth of demand for well-leased, Class A shopping center assets, Read More