\n\t\t\tSilicon Valley office vacancies swell amid tech cutbacks\t\t<\/span>\n\n\t\t\t<\/a>\n\t\n<\/li><\/ul><\/aside>It’s anticipated that 850 live events a year will be produced from the center, along with in-studio and other programming, the college conference said.<\/p>\n“They are building out a very significant studio here,” Mehran Jr. said. “This is an important brand to have for our region. It’s kind of cool to get this deal done with this kind of creative organization.”<\/p>\n
The Bishop Ranch 15 office complex will be the new home for the Pac-12 state-of-the-art broadcast and content production facility, along with flexible workspace and meeting rooms for in-person meetings and events.<\/p>\n
“This is the kind of creative use that you would normally have expected in San Francisco or Berkeley,” Mehran Jr. said. “Here they have a location and a setup in a place that’s safe and is in a great place to come to work.”<\/p>\n
Bishop Ranch attracted another high-profile creative company in a sign that the business park continues to diversify its tenant basis.<\/p>\n
In recent years, Striking Distance Studios signed a lease for space in Bishop Ranch at 6111 Bollinger Canyon Road. Striking Distance is a video game maker that developed “The Callisto Project,” a recently-released survival horror game.<\/p>\n
Pac-12’s production studio and Striking Distance, along with other unique tenants such as The Lot cinema complex and Equinox fitness center, have landed in recent years at City Center Bishop Ranch.<\/p>\n
City Center, by adding numerous restaurants and shops, has effectively become a downtown for San Ramon.<\/p>\n
Bishop Ranch management also took steps to retain Chevron, a major occupant at the business park, with a deal to pay $174.5 million to buy the energy titan’s Chevron Park headquarters complex.<\/p>\n
As part of that deal, Chevron agreed to lease nearly 400,000 square feet in the BR 2600 office complex in Bishop Ranch, a rental transaction that enables Chevron to keep its world headquarters in San Ramon.<\/p>\n
Deals such as the Pac-12 production center are crucial in a post-coronavirus world where more than a few traditional corporate tenants are eyeing numerous ways to scale back their office space.<\/p>\n
“With what’s happening in the office market, we are looking for a lot of different kinds of uses to be tenants at Bishop Ranch,” Mehran Jr. said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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