{"id":388277,"date":"2026-07-06T19:51:09","date_gmt":"2026-07-06T19:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/388277\/"},"modified":"2026-07-06T19:51:09","modified_gmt":"2026-07-06T19:51:09","slug":"peninsula-land-capital-buys-san-jose-offices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/388277\/","title":{"rendered":"Peninsula Land & Capital Buys San Jose Offices"},"content":{"rendered":"

Peninsula Land & Capital<\/a> is adding to its Bay Area office holdings with a discounted property in San Jose.\u00a0<\/p>\n

The Palo Alto-based firm, acting through an affiliate, purchased 2001 and 2005 Gateway Place in San Jose for $25 million, Mercury News reported<\/a>, citing Santa Clara County documents. Los Angeles-based Hudson Pacific Properties<\/a> sold the 152,300-square-foot complex next to San Jose Mineta International Airport. The sale price was 45.2 percent below the property\u2019s $45.6 million assessed value in January, according to Mercury News.\u00a0<\/p>\n

The buildings are part of San Jose\u2019s larger Gateway Place campus that totals 609,000 square feet. Peninsula Land & Capital\u2019s deal only includes the 2001 and 2005 Gateway Place buildings.\u00a0<\/p>\n

Peninsula Land & Capital has been on the prowl for commercial properties in the Bay Area at cheaper prices. In May, the firm bought an office building in Campbell for $24.6 million as part of its bargain-basement buying spree in the region.\u00a0<\/p>\n

The latest purchase in San Jose \u201caligns perfectly with [Peninsula\u2019s] ongoing focus on high-quality office and research and development properties in core Bay Area markets,\u201d company founder and CEO Roger Fields said of the deal, per Mercury News.\u00a0<\/p>\n

Offices in San Jose have been trading at a rapid clip so far this year.\u00a0<\/p>\n

Last month, a group of investors acquired the 58,000-square-foot office building at 110 Baytech Drive<\/a> in north San Jose for $13.5 million. Paceline Investors also plunked down $33 million last month for offices at 350 East Plumeria Drive<\/a>.\u00a0<\/p>\n

In May, electronics manufacturer Rocket EMS bought a research and office building at 5729 Fontanoso Way<\/a> for $18.8 million. A month earlier, an affiliate of BGO purchased the seven-building Rio Tech Office Park<\/a> for $164.3 million, representing a slight discount from the $170 million that seller Washington Holdings paid in 2021. Also in April, Paceline Investors bought<\/a> the 92,900-square-foot office and research building at 2581 Junction Avenue for $12.2 million, marking a 61.9 percent haircut from its 2018 sale price of $32 million.\u00a0<\/p>\n

\u2014 Chris Malone M\u00e9ndez<\/p>\n

\tRead more
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\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSan Francisco\t\t\t\t\t\t\t\t<\/p>\n

Peninsula Land & Capital takes builder\u2019s remedy route in Palo Alto<\/p>\n

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Roger Fields of Peninsula Land & Capital could buy SF office tower<\/p>\n

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Hudson Pacific lists its emptiest SF offices in ongoing property sell-off<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Peninsula Land & Capital is adding to its Bay Area office holdings with a discounted property in San…\n","protected":false},"author":2,"featured_media":388278,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[101,103,102,156558,104,106,105],"class_list":["post-388277","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-san-jose-office-transactions","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/388277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=388277"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/388277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/388278"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=388277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=388277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=388277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}