Currently viewing the tag: "DivcoWest"

marketwatch-logo_copyMWest Acquires Office Portfolio in North San Jose, California
Joint venture MWest, backed by DivcoWest, Ivanhoe Cambridge and TPG Real Estate adds 825,000 square feet to its Silicon Valley Portfolio

divcowest venture MWest

SAN FRANCISCO, Nov 06, 2013 (BUSINESS WIRE) — MWest Properties has acquired three campuses in North San Jose, CA from Carr Properties, further expanding its Silicon Valley portfolio. Terms of the transaction were not disclosed.

The acquisition includes 12 R&D and corporate office buildings totaling 825,000 square feet. The major tenants include Boston Scientific BSX +0.07% , the North American headquarters of Taiwan Semiconductor Manufacturing Company TSM -0.62% and the corporate headquarters of Tessera.

“These are quality, well-managed assets with good credit tenancies in place in a market which has seen rental increases and improved vacancy rates and which continues to experience strong employment growth,” said Justin Wesley, Managing Director at MWest. “The addition of these assets creates tremendous synergies within our existing platform and significant value-add opportunities,” he added.

About MWest Properties: MWest Properties is a venture that was formed by DivcoWest, Ivanhoe Cambridge and TPG Real Estate in December 2012 to acquire the majority of assets owned by Mission West Properties (formerly, NYSE: MSW). The company’s holdings now include more than 7.1 million square feet of commercial office and R&D space across 85 properties in the Silicon Valley. MWest is focused on making additional property acquisitions in the Silicon Valley and San Francisco areas. MWest’s group of senior executives has extensive expertise in commercial property acquisition, redevelopment, and management.

About DivcoWest: DivcoWest was founded by Stuart Shiff, who founded DivcoWest Properties in 1993. DivcoWest is a vertically-integrated operating company with approximately 75 employees that provides asset, property and construction management and leasing services and has offices in the San Francisco Bay Area and Boston. DivcoWest is comprised of a dedicated group of professionals with extensive experience in sourcing, structuring, acquiring, financing, developing, redeveloping, managing, leasing and selling primarily commercial real estate and other real estate-related assets. DivcoWest employs a disciplined approach to investing on behalf of a broad base of U.S. and non-U.S. public and corporate pension funds, institutional investors and high net worth individuals, with a focus on creating value through prudent acquisitions, active management and well-timed sales. www.divcowest.com

About Ivanhoe Cambridge: Ivanhoe Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver an optimal return for its investors. Through its multiple subsidiaries, its assets in more than 20 countries are valued at over Cdn$35 billion as at December 31, 2012. Ivanhoe Cambridge is a real estate subsidiary of the Caisse de depot et placement du Quebec (lacaisse.com), one of Canada’s leading institutional fund managers. For more information, visit ivanhoecambridge.com.

About TPG Real Estate: TPG Real Estate is the real estate platform of TPG, a leading global private investment firm founded in 1992 with $55.3 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures and restructurings. The firm’s real estate transactions have included ST Residential, Catellus Development Corporation, Taylor Morrison Home Corporation TMHC +4.43% , Parkway Properties, Inc. PKY +1.17% , Merin BV, the Woolgate Exchange building in the City of London, Assisted Living Concepts, LLC, AV Homes, Inc. AVHI -0.47% , and PointPark Properties (P3), among others. For more information visit www.tpg.com.

SOURCE: MWest Properties

No question that relationships in the commercial real estate industry are the key point of difference. Operationally, the challenges for REITs once the deal has been vetted, financed and acquired is revolves around leveraging communication technology to ensure that property data & inventory availability information to potential clients. NetScope provides a comprehensive technology services, across the digital communication channels & devices (web, mobile, social media, paid search, SEO & email) to ensure a Web presence consistent with their business strategy.

biomed1Clients like BioMed Realty Trust, Inc. continue to innovate their web presence. Recently, NetScope’s team had the opportunity to handle a brand update/web development project designed to emphasize the importance of relationships in BioMed’s go-to-market strategy.

In addition to the “must have” searchable property listings, BioMed took bmr youtube editadvantage of YouTube in providing video property overviews and senior management interviews. Once again, reinforcing the brand positioning.

GA Mobile Chart ExampleUnderstanding the importance of a comprehensive digital strategy, Biomed developed a mobile site as well. Interesting note and sign of the times, the mobile traffic increases continue to be a growing percentage of the overall site traffic visits.

 

 

divcowest

NetScope is excited to be working with DivcoWest, a commercial REIT, real estate investment trust led by Stuart Schiff, CEO. DivcoWest’s strategy is acquisitions in key emerging US technology markets. Divco has acquired a sizable Silicon Valley portfolio. The portfolio’s tenants include Google, Apple, Huawei, NEC, Stryker and Fujitsu.

Providing space to the country’s top technology firms, it’s important that Divco maintains an innovative Web presence. NetScope is currently re-building Divco’s Web technology from the ground up. Efficient access to relevant real estate industry data, property data and investment information is critical.

devicesr-solutionsProviding an outstanding B2B customer experience for users that is efficient and consistent whether it be from a desktop, mobile smartphone or tablet device is a company responsive designpriority. Property look-up tools for clients and customers that are always on the go is critical, given the growth of usage by consumers. Mobile device access will be a key focus of the new web inventory availability functionality that will be enabled using responsive design technology.

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