opera software expands in san mateo | the registry · opera¶s other san francisco bay area offices...
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Commercial
Opera Software Expands in San Mateo
By Jon Peterson
Opera Software, with existing space in San Mateo, Mountain View and San
Francisco, has expanded in the mid-Peninsula city by taking an additional 17,702
square feet of space in an office building at 1875 South Grant Street.
“We had decided that we
needed to expand into
more space. Since some
of our employees live in
San Francisco and some
in Silicon Valley, we felt
that the property in San
Mateo would allow our
employees to commute to
this office location from
either direction. This was
an important factor for
us.” says Mahi de Silva, chief executive officer of Opera Mediaworks, a subsidiary of
Opera Software.
According to recently-released data from Colliers International, the vacancy rate in
the San Francisco peninsula continues a downward trend. Mike Cobb, a senior vice
president in its Redwood City office noted in his blog post that the greater Peninsula
ended the third quarter at 11.68 percent vacancy, which was slightly better than the
results from a year ago at 11.83 percent. Overall, in San Mateo county, the vacancy is
at 12.73 percent
Gross absorption, a measure of leasing activity, also continued to show
improvements with 1.165 million square feet recorded on the Peninsula in the third
quarter of 2013, he added.
For Opera, which will maintain its global headquarters in Norway, the important
aspects of the expansion were proximity to major transportation thoroughfares and
its location. “Being near transportations hubs was a factor, as well. This building is
near Highways 92 and 101 and is close to a Caltrain stop. This new space will be
used as our headquarters for our operations in the United States,” de Silva added.
The tenant worked on the lease through its broker, Kristoph Lodge, a senior vice
president with Cornish & Carey Newmark Knight Frank in its Palo Alto office. Opera
and Lodge would not comment on the lease terms.
Opera is going through a major growth for its office and employee needs. The
company’s office space in the United States has gone from 20,000 square feet a
year ago to 60,000 square feet now. The firm and its subsidiaries now employ 200
employees in the Silicon Valley. This is up double from the same time last year. This
number is projected to reach 300 employees sometime in 2014.
The property at 1875 South Grant is an 11-story office building. Opera had been in
the 7th floor of the property. The new lease is for the 10th floor. It now occupies a total
of 35,404 square feet in the asset. The property is owned by a partnership controlled
by Osborn Capital.
Opera’s other San Francisco Bay Area offices are located at 594 Howard Street in
San Francisco and 799 East Evelyn Avenue in Mountain View.
Opera is a software product company that serves the internet industry on a
worldwide basis. It’s a publicly traded company that is listed on the Oslo Stock
Exchange under the ticker symbol OPERA.
Tagged Colliers International, Cornish & Carey, Mountain View, Osborn Capital, San Francisco,
San Mateo, Silicon Valley
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POSTED ON OCTOBER 15, 2013 BY PUBLISHER IN COMMERCIAL, INDUSTRY NEWS
Socialize!
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INDUSTRY News
East Bay Apartment Rent Growth
to Cool as Capacity Expands OCTOBER 15, 2013
Opera Software Expands in San
Mateo OCTOBER 15, 2013
CBRE Investors Puts San Mateo
Development in Newly-Formed
Commingled Fund OCTOBER 14, 2013
Bay Area Bike Share Makes First
Strides OCTOBER 11, 2013
Outsiders in Bay Area Capitalize
on Region’s Growth OCTOBER 10, 2013
More BREAKING news
FEATURED ARTICLES
Redwood City’s Rapid Changes
October 14, 2013 | Commercial, Featured, Finance, Hot Lot
Latest News Releases
CBRE: Hungry for Food Space OCTOBER 15, 2013
Colliers International Sells & Leases ±111,160
SF Warehouse in Stockton OCTOBER 15, 2013
Cassidy Turley Significant Investment Deals |
Northern California Offices OCTOBER 15, 2013
September California Foreclosure Activity Hits
Seven-Year Low OCTOBER 15, 2013
JLL: High-Technology and Healthcare Driving
Office Demand in Northern California OCTOBER 14, 2013
Colliers Oakland Industrial Team Represents
Westcore Properties in Acquisition of 163,000
SF Former San Francisco Chronicle Printing
Facility OCTOBER 14, 2013
Meyers Research Launches Zonda; Game
Changer for Housing Industry OCTOBER 14, 2013
Upcoming Events
O C T
16 Wed
O C T
17 Thu
12:00 pm SMPS North Bay Chapter will
host CHAT
3:00 pm CREW San Francisco will host an
Exploratorium Tour: Behind the Scenes @
Exploratorium Pier 15
5:00 pm IFMA Silicon Valley Chapter
presents a Mentor/Mentee Meeting
8:00 am SMPS San Francisco Chapter and AIA San Francisco presents Marketing
and BD Best Practices for Technical Professionals @ AIA SF
3:30 pm CoreNet Global Northern California Chapter will host a Chapter
Meeting
View Calendar
Newsletter Sign Up
Search this site
THE CREW SF GOLF
TOURNAMENT
CREW SILICON VALLEY
SEPT 2013 LUNCHEON
CONTRIBUTORS
Healthy Side Effects
of Health Reform OCTOBER 9, 2013
McNellis: Bankrupt
Values OCTOBER 8, 2013
McNellis Shines
Sunlight on Solar SEPTEMBER 4, 2013
McNellis: Lawyers’ Labors Lost AUGUST 7, 2013
McNellis: Partying
Like It’s 1999 JULY 17, 2013
Th
e
Re
gist
ry is an integrated Bay Area real estate
news company. We provide broad and
relevant industry coverage focusing on
analysis, information gathering and
breaking news in the real estate and
related sectors.
CURRENT ISSUE SOCIALIZE
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© 2007 - 2013 The Registry. All rights reserved.
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Opera Software Expands in San Mateo | The Registry Page 1 of 3
10/16/2013http://news.theregistrysf.com/opera-software-expands-san-mateo/
Home Commercial Residential Technology Hot Lot Finance AEC People on the Move News Releases Contributors Calendar
Commercial
Opera Software Expands in San Mateo
By Jon Peterson
Opera Software, with existing space in San Mateo, Mountain View and San
Francisco, has expanded in the mid-Peninsula city by taking an additional 17,702
square feet of space in an office building at 1875 South Grant Street.
“We had decided that we
needed to expand into
more space. Since some
of our employees live in
San Francisco and some
in Silicon Valley, we felt
that the property in San
Mateo would allow our
employees to commute to
this office location from
either direction. This was
an important factor for
us.” says Mahi de Silva, chief executive officer of Opera Mediaworks, a subsidiary of
Opera Software.
According to recently-released data from Colliers International, the vacancy rate in
the San Francisco peninsula continues a downward trend. Mike Cobb, a senior vice
president in its Redwood City office noted in his blog post that the greater Peninsula
ended the third quarter at 11.68 percent vacancy, which was slightly better than the
results from a year ago at 11.83 percent. Overall, in San Mateo county, the vacancy is
at 12.73 percent
Gross absorption, a measure of leasing activity, also continued to show
improvements with 1.165 million square feet recorded on the Peninsula in the third
quarter of 2013, he added.
For Opera, which will maintain its global headquarters in Norway, the important
aspects of the expansion were proximity to major transportation thoroughfares and
its location. “Being near transportations hubs was a factor, as well. This building is
near Highways 92 and 101 and is close to a Caltrain stop. This new space will be
used as our headquarters for our operations in the United States,” de Silva added.
The tenant worked on the lease through its broker, Kristoph Lodge, a senior vice
president with Cornish & Carey Newmark Knight Frank in its Palo Alto office. Opera
and Lodge would not comment on the lease terms.
Opera is going through a major growth for its office and employee needs. The
company’s office space in the United States has gone from 20,000 square feet a
year ago to 60,000 square feet now. The firm and its subsidiaries now employ 200
employees in the Silicon Valley. This is up double from the same time last year. This
number is projected to reach 300 employees sometime in 2014.
The property at 1875 South Grant is an 11-story office building. Opera had been in
the 7th floor of the property. The new lease is for the 10th floor. It now occupies a total
of 35,404 square feet in the asset. The property is owned by a partnership controlled
by Osborn Capital.
Opera’s other San Francisco Bay Area offices are located at 594 Howard Street in
San Francisco and 799 East Evelyn Avenue in Mountain View.
Opera is a software product company that serves the internet industry on a
worldwide basis. It’s a publicly traded company that is listed on the Oslo Stock
Exchange under the ticker symbol OPERA.
Tagged Colliers International, Cornish & Carey, Mountain View, Osborn Capital, San Francisco,
San Mateo, Silicon Valley
Email and/or Print article:
Share
POSTED ON OCTOBER 15, 2013 BY PUBLISHER IN COMMERCIAL, INDUSTRY NEWS
Socialize!
Tweet
INDUSTRY News
East Bay Apartment Rent Growth
to Cool as Capacity Expands OCTOBER 15, 2013
Opera Software Expands in San
Mateo OCTOBER 15, 2013
CBRE Investors Puts San Mateo
Development in Newly-Formed
Commingled Fund OCTOBER 14, 2013
Bay Area Bike Share Makes First
Strides OCTOBER 11, 2013
Outsiders in Bay Area Capitalize
on Region’s Growth OCTOBER 10, 2013
More BREAKING news
FEATURED ARTICLES
Redwood City’s Rapid Changes
October 14, 2013 | Commercial, Featured, Finance, Hot Lot
Latest News Releases
CBRE: Hungry for Food Space OCTOBER 15, 2013
Colliers International Sells & Leases ±111,160
SF Warehouse in Stockton OCTOBER 15, 2013
Cassidy Turley Significant Investment Deals |
Northern California Offices OCTOBER 15, 2013
September California Foreclosure Activity Hits
Seven-Year Low OCTOBER 15, 2013
JLL: High-Technology and Healthcare Driving
Office Demand in Northern California OCTOBER 14, 2013
Colliers Oakland Industrial Team Represents
Westcore Properties in Acquisition of 163,000
SF Former San Francisco Chronicle Printing
Facility OCTOBER 14, 2013
Meyers Research Launches Zonda; Game
Changer for Housing Industry OCTOBER 14, 2013
Upcoming Events
O C T
16 Wed
O C T
17 Thu
12:00 pm SMPS North Bay Chapter will
host CHAT
3:00 pm CREW San Francisco will host an
Exploratorium Tour: Behind the Scenes @
Exploratorium Pier 15
5:00 pm IFMA Silicon Valley Chapter
presents a Mentor/Mentee Meeting
8:00 am SMPS San Francisco Chapter and AIA San Francisco presents Marketing
and BD Best Practices for Technical Professionals @ AIA SF
3:30 pm CoreNet Global Northern California Chapter will host a Chapter
Meeting
View Calendar
Newsletter Sign Up
Search this site
THE CREW SF GOLF
TOURNAMENT
CREW SILICON VALLEY
SEPT 2013 LUNCHEON
CONTRIBUTORS
Healthy Side Effects
of Health Reform OCTOBER 9, 2013
McNellis: Bankrupt
Values OCTOBER 8, 2013
McNellis Shines
Sunlight on Solar SEPTEMBER 4, 2013
McNellis: Lawyers’ Labors Lost AUGUST 7, 2013
McNellis: Partying
Like It’s 1999 JULY 17, 2013
Th
e
Re
gist
ry is an integrated Bay Area real estate
news company. We provide broad and
relevant industry coverage focusing on
analysis, information gathering and
breaking news in the real estate and
related sectors.
CURRENT ISSUE SOCIALIZE
Search this site
LINKS
Home
Current Issue
Past Issues Articles
Advertising
Subscribe
Jobs
About Us
Contact Us
© 2007 - 2013 The Registry. All rights reserved.
Home Current Issue Past Issues Articles Advertising Subscribe Jobs About Us Contact Us
Opera Software Expands in San Mateo | The Registry Page 2 of 3
10/16/2013http://news.theregistrysf.com/opera-software-expands-san-mateo/
Home Commercial Residential Technology Hot Lot Finance AEC People on the Move News Releases Contributors Calendar
Commercial
Opera Software Expands in San Mateo
By Jon Peterson
Opera Software, with existing space in San Mateo, Mountain View and San
Francisco, has expanded in the mid-Peninsula city by taking an additional 17,702
square feet of space in an office building at 1875 South Grant Street.
“We had decided that we
needed to expand into
more space. Since some
of our employees live in
San Francisco and some
in Silicon Valley, we felt
that the property in San
Mateo would allow our
employees to commute to
this office location from
either direction. This was
an important factor for
us.” says Mahi de Silva, chief executive officer of Opera Mediaworks, a subsidiary of
Opera Software.
According to recently-released data from Colliers International, the vacancy rate in
the San Francisco peninsula continues a downward trend. Mike Cobb, a senior vice
president in its Redwood City office noted in his blog post that the greater Peninsula
ended the third quarter at 11.68 percent vacancy, which was slightly better than the
results from a year ago at 11.83 percent. Overall, in San Mateo county, the vacancy is
at 12.73 percent
Gross absorption, a measure of leasing activity, also continued to show
improvements with 1.165 million square feet recorded on the Peninsula in the third
quarter of 2013, he added.
For Opera, which will maintain its global headquarters in Norway, the important
aspects of the expansion were proximity to major transportation thoroughfares and
its location. “Being near transportations hubs was a factor, as well. This building is
near Highways 92 and 101 and is close to a Caltrain stop. This new space will be
used as our headquarters for our operations in the United States,” de Silva added.
The tenant worked on the lease through its broker, Kristoph Lodge, a senior vice
president with Cornish & Carey Newmark Knight Frank in its Palo Alto office. Opera
and Lodge would not comment on the lease terms.
Opera is going through a major growth for its office and employee needs. The
company’s office space in the United States has gone from 20,000 square feet a
year ago to 60,000 square feet now. The firm and its subsidiaries now employ 200
employees in the Silicon Valley. This is up double from the same time last year. This
number is projected to reach 300 employees sometime in 2014.
The property at 1875 South Grant is an 11-story office building. Opera had been in
the 7th floor of the property. The new lease is for the 10th floor. It now occupies a total
of 35,404 square feet in the asset. The property is owned by a partnership controlled
by Osborn Capital.
Opera’s other San Francisco Bay Area offices are located at 594 Howard Street in
San Francisco and 799 East Evelyn Avenue in Mountain View.
Opera is a software product company that serves the internet industry on a
worldwide basis. It’s a publicly traded company that is listed on the Oslo Stock
Exchange under the ticker symbol OPERA.
Tagged Colliers International, Cornish & Carey, Mountain View, Osborn Capital, San Francisco,
San Mateo, Silicon Valley
Email and/or Print article:
Share
POSTED ON OCTOBER 15, 2013 BY PUBLISHER IN COMMERCIAL, INDUSTRY NEWS
Socialize!
Tweet
INDUSTRY News
East Bay Apartment Rent Growth
to Cool as Capacity Expands OCTOBER 15, 2013
Opera Software Expands in San
Mateo OCTOBER 15, 2013
CBRE Investors Puts San Mateo
Development in Newly-Formed
Commingled Fund OCTOBER 14, 2013
Bay Area Bike Share Makes First
Strides OCTOBER 11, 2013
Outsiders in Bay Area Capitalize
on Region’s Growth OCTOBER 10, 2013
More BREAKING news
FEATURED ARTICLES
Redwood City’s Rapid Changes
October 14, 2013 | Commercial, Featured, Finance, Hot Lot
Latest News Releases
CBRE: Hungry for Food Space OCTOBER 15, 2013
Colliers International Sells & Leases ±111,160
SF Warehouse in Stockton OCTOBER 15, 2013
Cassidy Turley Significant Investment Deals |
Northern California Offices OCTOBER 15, 2013
September California Foreclosure Activity Hits
Seven-Year Low OCTOBER 15, 2013
JLL: High-Technology and Healthcare Driving
Office Demand in Northern California OCTOBER 14, 2013
Colliers Oakland Industrial Team Represents
Westcore Properties in Acquisition of 163,000
SF Former San Francisco Chronicle Printing
Facility OCTOBER 14, 2013
Meyers Research Launches Zonda; Game
Changer for Housing Industry OCTOBER 14, 2013
Upcoming Events
O C T
16 Wed
O C T
17 Thu
12:00 pm SMPS North Bay Chapter will host CHAT
3:00 pm CREW San Francisco will host an
Exploratorium Tour: Behind the Scenes @ Exploratorium Pier 15
5:00 pm IFMA Silicon Valley Chapter
presents a Mentor/Mentee Meeting
8:00 am SMPS San Francisco Chapter and AIA San Francisco presents Marketing
and BD Best Practices for Technical Professionals @ AIA SF
3:30 pm CoreNet Global Northern California Chapter will host a Chapter Meeting
View Calendar
Newsletter Sign Up
Search this site
THE CREW SF GOLF
TOURNAMENT
CREW SILICON VALLEY
SEPT 2013 LUNCHEON
CONTRIBUTORS
Healthy Side Effects
of Health Reform OCTOBER 9, 2013
McNellis: Bankrupt
Values OCTOBER 8, 2013
McNellis Shines
Sunlight on Solar SEPTEMBER 4, 2013
McNellis: Lawyers’ Labors Lost AUGUST 7, 2013
McNellis: Partying
Like It’s 1999 JULY 17, 2013
Th
e
Re
gist
ry is an integrated Bay Area real estate
news company. We provide broad and
relevant industry coverage focusing on
analysis, information gathering and
breaking news in the real estate and
related sectors.
CURRENT ISSUE SOCIALIZE
Search this site
LINKS
Home
Current Issue
Past Issues Articles
Advertising
Subscribe
Jobs
About Us
Contact Us
© 2007 - 2013 The Registry. All rights reserved.
Home Current Issue Past Issues Articles Advertising Subscribe Jobs About Us Contact Us
Opera Software Expands in San Mateo | The Registry Page 3 of 3
10/16/2013http://news.theregistrysf.com/opera-software-expands-san-mateo/