Burlingame sites are grabbed by developer, could become big campus

BURLINGAME — A purchasing spree for Burlingame properties now tops $100 million and has enabled a big-time Bay Space developer to assemble a substantial chunk of land together the Peninsula bayfront.

In the most the latest burst of purchases, DivcoWest paid $53.1 million for six parcels on Previous Bayshore Highway in Burlingame, files filed on March 16 with the San Mateo County Recorder’s Office present.

Nonetheless these are only DivcoWest’s most recent slew of discounts on this extend of Outdated Bayshore, in accordance to this news organization’s critique of the county home records.

Prior to this month’s buys, DivcoWest invested $55.7 million around a period from August 2021 by January 2022 getting web-sites up coming to the just-acquired parcels.

A setting up at 1300 Previous Bayshore Freeway whose tenants contain Caribbean Gardens bar and Se Como Asi Taqueria. (Google Maps)

That provides the total price of the DivcoWest land discounts alongside Aged Bayshore Highway in Burlingame to $108.8 million, according to the home data.

DivcoWest wove with each other the qualities into a contiguous established of parcels that gives DivcoWest manage about around 15 acres, dependent on information and facts culled from county evaluation maps.

The web-sites occupy a fifty percent-mile extend subsequent to Outdated Bayshore Highway and the nearby bayfront.

Between the prominent businesses on the web sites that DivcoWest obtained over an 8-thirty day period period of time: Max’s of Burlingame restaurant, Getaway Inn Categorical San Francisco Airport, Caribbean Gardens bar and Se Como Asi Taqueria.

Some office properties, floor parking heaps and some vacant parcels also occupy the web sites now owned by DivcoWest.

Max’s of Burlingame cafe (suitable) and Holiday break Inn Convey (center) at 1250 Aged Bayshore Highway in Burlingame. (Google Maps)

The bargains are a reminder that important serious estate gamers and tech titans starvation for houses in San Mateo County as properly as internet sites in the Silicon Valley electronic hubs in Santa Clara County.

DivcoWest has turn into an active participant in Santa Clara County, San Mateo County and Alameda County.

On Jan. 7, the firm paid $164.5 million for an office developing in South San Francisco. On Dec. 16, DivcoWest bought an workplace constructing in Fremont’s Ardenwood district for $72.2 million.

Next Post

Arnold Schwarzenegger's Son Joseph Baena Celebrates Selling Home as a Real Estate Agent: 'SOLD'

Fri Mar 25 , 2022
Joseph Baena Celebrates Providing His To start with Residence: ‘SOLD’ Joseph Baena/Instagram Joseph Baena is celebrating advertising a dwelling! The 24-yr-outdated bodybuilder turned authentic estate agent announced in an Instagram put up on Wednesday that he offered a dwelling immediately after turning out to be a true estate agent previous […]
Arnold Schwarzenegger’s Son Joseph Baena Celebrates Selling Home as a Real Estate Agent: ‘SOLD’

You May Like