Jay Paul Company

Last updated
Jay Paul Company
Type privately held
Industry real estate
Founded1975;48 years ago (1975)
Founder Jay Paul
Headquarters Silicon Valley
Area served
San Francisco

Jay Paul Company is a privately held real estate development company, working primarily in Silicon Valley and based in San Francisco. [1] The company holds more than 11 million square feet of office space in Silicon Valley, and growing. [2]

History

Jay Paul Company was founded in 1975, as a result of the founder, Jay Paul, saving his father's savings-and-loan business in Southern California. [3] [4] In the early 1980s, the company started building office spaces in Silicon Valley. [4] In the late 1990s, Jay Paul Co. bought up part of Moffett Field for development, since then it has grown into five business complexes in a 1,156-acre business district known as Moffett Park within Sunnyvale, California. [5]

Jay Paul Company's first project in the city of San Francisco was 181 Fremont, a skyscraper with a 70-story tower with offices and 67 luxury condos up top. [2] 181 Fremont was completed in 2016, and at the time was the second-tallest building in San Francisco. It replaced a four-story building. [6]

In 2018, Jay Paul Co. purchased Cityview Plaza in San Jose, California which will be an 11-acre, mixed-use development project and includes office, retail, a public plaza, and parking stalls. [7]

It has been speculated that the success of the company has been due to investing in higher quality construction, with consideration of special features uncommonly found in traditional office spaces (such as volleyball courts, basketball gyms, onsite cafes, etc), and investing in spaces along major highways in order to encourage companies that want to display signs. [3] [4]

Related Research Articles

<span class="mw-page-title-main">Silicon Valley</span> Place in California, United States

Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of Santa Clara Valley. San Jose is Silicon Valley's largest city, the third-largest in California, and the tenth-largest in the United States; other major Silicon Valley cities include Sunnyvale, Santa Clara, Redwood City, Mountain View, Palo Alto, Menlo Park, and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world, according to the Brookings Institution, and, as of June 2021, has the highest percentage of homes valued at $1 million or more in the United States.

<span class="mw-page-title-main">Sunnyvale, California</span> City in California, United States

Sunnyvale is a city located in the Santa Clara Valley in northwest Santa Clara County in the U.S. state of California.

<span class="mw-page-title-main">Moffett Federal Airfield</span> Joint civil-military airport in California

Moffett Federal Airfield, also known as Moffett Field, is a joint civil-military airport located in an unincorporated part of Santa Clara County, California, United States, between northern Mountain View and northern Sunnyvale. On November 10, 2014, NASA announced that it would be leasing 1,000 acres (400 ha) of the airfield property to Google for 60 years.

<span class="mw-page-title-main">Irvine Company</span> American real estate company

The Irvine Company LLC is an American private company focused on real estate development. It is headquartered in Newport Beach, California, with a large portion of its operations centered in and around Irvine, California, a planned city of more than 300,000 people mainly designed by the Irvine Company. The company was founded by the Irvine family and is currently wholly owned by Donald Bren. Since the company is private, its financials are not released to the public. However, Donald Bren is the wealthiest real estate developer in the United States, with a net worth of $15.3 billion as of April 2021.

<span class="mw-page-title-main">Googleplex</span> Corporate headquarters complex of Google

The Googleplex is the corporate headquarters complex of Google and its parent company, Alphabet Inc. It is located at 1600 Amphitheatre Parkway in Mountain View, California.

Carl Edwin Berg is an American businessman, real estate investor and venture capitalist. He has been included in Forbes magazine's list of the 400 richest people in America several times, and in March 2013 his net worth was estimated at $1.1 billion.

John Arrillaga was an American billionaire real estate developer and philanthropist who was one of the largest landowners in Silicon Valley. He was also a college basketball player when he attended Stanford University.

<span class="mw-page-title-main">Brooklyn Commons</span> Business and educational center in New York City

Brooklyn Commons, formerly MetroTech Center, is a business and educational center in Downtown Brooklyn, New York City.

John Albert Sobrato is an American billionaire real estate developer, and the founder of the Cupertino, California-based Sobrato Organization, a Silicon Valley development firm specializing in commercial and residential real estate. He has been listed as one of the richest Americans for many years, and he and his family have made large philanthropic donations to a variety of causes.

<span class="mw-page-title-main">Vallco Shopping Mall</span> Shopping mall in California, U.S.

Vallco Shopping Mall is a mostly-demolished dead mall located in Cupertino, California, United States. Originally built as a single-story shopping mall in 1976 with a lower level added in 1988 and a third-level movie theater added in 2007, it was anchored for most of its existence by Macy's, Sears, and J.C. Penney. As of August 2022, the mall is owned by Sand Hill Property Co. and is almost entirely vacant, with Cupertino Ice Center, Bowlmor Lanes, Benihana, and Fremont Union High School (FUHSD) Adult & Community Education as the only remaining tenants, all in the section to the east of Wolfe Road. The larger western portion of the main mall structure was demolished in August 2019 and the pedestrian overpass was demolished in March 2020; plans for the site include a mixed-use development consisting of office space, housing, and retail.

<span class="mw-page-title-main">181 Fremont</span> 803-foot mixed-use skyscraper in the South of Market District of San Francisco

181 Fremont is an 803-foot (245 m) mixed-use skyscraper in the South of Market District of San Francisco, California. The building, designed by Heller Manus Architects, is located adjacent to the Transbay Transit Center and 199 Fremont Street developments. 181 Fremont is owned and operated by Jay Paul Company. Jay Paul Company is the sole owner and developer of the project. The entire office portion of the building has been leased to Facebook to house its San Francisco office and Instagram division.

<span class="mw-page-title-main">350 Mission Street</span> Commercial offices in San Francisco, California

Salesforce East is a skyscraper in the South of Market district of San Francisco, California. Current designs call for 30 stories and 455 ft (139 m) above street level.

Santa Clara County, California, is one of California's original counties, with prior habitation dating from prehistory to the Alta California period.

<span class="mw-page-title-main">Sunnyvale Town Center</span>

Sunnyvale Town Center was a two-level shopping mall located in Sunnyvale, California, USA. It opened in 1979 on the site of much of the city's downtown, and was anchored by Macy's, Montgomery Ward, and later, J.C. Penney. Target moved in when Montgomery Ward closed. By the early 2000s, the mall had failed financially and only the Target and Macy's stores remained open. Work on a mixed-use development to replace the mall was stalled by a legal dispute from 2009 to 2015, with most buildings incomplete, but resumed after the city reached an agreement with new developers in mid-2016. By the end of 2020, a multi-screen movie theater and a supermarket had been built and opened in addition to most of the residential buildings; as of January 2021, replacement plans were going forward for a group of lots including the site of Macy's, which closed in 2019. Much of the area has now been rebranded as CityLine Sunnyvale.

<span class="mw-page-title-main">Warm Springs/South Fremont station</span> Rapid transit station in San Francisco Bay Area

Warm Springs/South Fremont station is a Bay Area Rapid Transit (BART) station located in the Warm Springs district of Fremont, California, United States. The East Bay station is served by the Berryessa/North San José–Daly City line and Berryessa/North San José–Richmond line. It was the southern terminus of both lines from its opening on March 25, 2017, until June 13, 2020, when BART opened the first phase of the Silicon Valley BART extension.

Joseph "Jay" Paul is an American billionaire real estate developer, based in San Francisco.

<span class="mw-page-title-main">Park Tower at Transbay</span> 43-story, 605-foot office skyscraper in San Francisco

Park Tower at Transbay is a 43-story, 605-foot (184 m) office skyscraper in San Francisco, California. The tower is located on Block 5 of the San Francisco Transbay development plan at the corner of Beale and Howard Streets, near the Transbay Transit Center. The tower contains 743,000 square feet (69,000 m2) of office space. The entire office space has been leased by Facebook.

<span class="mw-page-title-main">Pacific Shores Center</span>

Pacific Shores Center is a high-tech business park located in Redwood City, California, adjacent to the Port of Redwood City.

Samsung Strategy and Innovation Center (SSIC) is a division of Samsung Electronics. It works with entrepreneurs and corporate partners to invest in disruptive technologies, such as artificial intelligence, digital health, mobility, Internet of Things and other consumer-facing applications of data-driven technology.

References

  1. "About Us". Jay Paul Company. Archived from the original on 28 July 2015. Retrieved 14 September 2015.
  2. 1 2 "Jay Paul". Forbes. Retrieved 2019-02-10.
  3. 1 2 "Developer cashes in with office campuses". Bloomberg News, Finance & Commerce. 2014-07-03. Retrieved 2019-02-10.
  4. 1 2 3 Savchuk, Katia. "Risk-taking Silicon Valley Developer Scores Tech Tenants, Emerges As Billionaire". Forbes. Retrieved 2019-02-10.
  5. Bitters, Janice (2018-09-30). "Jay Paul Co.'s patience pays off as developer eyes next frontier" . BizJournal.com. American City Business Journals. Retrieved 2019-02-10.
  6. "Jay Paul 'hits the ground running' - San Francisco Business Times". bizjournals.com. Retrieved 10 September 2016.
  7. Littman, Julie (July 26, 2018). "Jay Paul Co. Makes Big Mixed-Use Buy In Downtown San Jose". BisNow.com. Retrieved 2019-02-10.