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• March 10, 2003 - $4 Mil is the Right Price for a Budget Buy in SF's Jackson Square
3/10/03
With sellers finally resigned to the market reality of lower prices, the number of users and investors looking to acquire San Francisco buildings continues to grow at a rapid pace. While brokers say multiple offers are being ...
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• March 7, 2003 - On Again
3/07/03
It appears San Francisco could get a new city office building after all. The city issued a preliminary RFP in early December than abruptly withdrew it Christmas Eve, saying current low rents combined with a major budget crisi...
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• March 6, 2003 - Wheeling and Mealing
3/06/03
Two tenants signed 7-year deals for nearly 100k sf at Phase II of the 243k sf Lincoln Distribution Center in Benicia Industrial Park in Benicia. Cycle Gear Inc, the nation's largest motorcycle parts and gear retailer, leased ...
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• March 5, 2003 - X-Ray Vision
3/05/03
Though UCSF has a new 43-acre research campus in development at Catellus Corp's Mission Bay, the university signed a 15-year lease for 50k sf at China Basin Landing, a 727k sf complex adjacent to the 300-acre Catellus site. T...
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• March 4, 2003 - Million to One
3/04/03
Times have changed for the Alameda County Surplus Property Authority. Two and three years ago it appeared to be raking in millions by selling off massive chunks of Emerald Park, a major business complex being developed on a f...
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• March 3, 2003 - CRESA Pros Complete Pair of Bay Area Deals
3/03/03
Scott Kinder, a principal in the San Jose office of CRESA Partners, recently represented RAE Systems Inc in a lease renewal for 25k sf at 1339 Moffett Park Blvd in Sunnyvale. A high-tech manufacturer of wireless single and mu...
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• February 28, 2003 - San Francisco Lease Roundup
2/28/03
The office vacancy rate in San Francisco has stabilized at just under 25%, according to the most recent report from Starboard Commercial. This includes both direct and sublease space; without sublease space included, the figu...
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• February 27, 2003 - Telecom Firm Dials 911
2/27/03
International telecom company Cable & Wireless GRX has agreed to pay some $20 mil to get out of its 158k sf lease at 55 2nd St in San Francisco. The company acquired the lease with its June 2001 acquisition of Digital Island,...
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• February 26, 2003 - Offing the Offices
2/26/03
The number of proposed Bay Area projects that have been revised to decrease the amount of office space continues to grow. Two more were added to the list recently with announcements by Davis & Associates and Monahan Pacific C...
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• February 25, 2003 - Catholic Healthcare to Have More Mercy after New Lease for 110k sf
2/25/03
Abandoning earlier plans to build a $30 mil regional HQ in North Natomas, Catholic Healthcare West has signed a 10-year lease for 110k sf of offices at 3400 Data Dr in Sacramento. The lease is valued at a reported $25 mil, fo...
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• February 24, 2003 - The Nonprofit Motive
2/24/03
Formerly threatened by escalating boom-time rents with either relocation to outlying areas or dissolution, nonprofit, educational and religious organizations are increasingly taking advantage of decreased values to gain great...
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• February 21, 2003 - Blackstone Seeking Gold
2/21/03
With investor interest strong, a growing number of Bay Area landlords are putting properties on the market. Though some are being pushed by fear of losing their buildings to foreclosure (see Feb. 13 Rentv.com article on Tishm...
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• 50-Year Sunset
2/20/03
Prior to World War II, multi-decade leases were considered desirable by a lot of landlords, but these days they are more or less anathema. Even 20-year deals are rare. There are exceptions, however, as indicated by Sunset Avi...
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• Teachers Ends Up With Bay Area Fashion Park
2/19/03
An opening offer by the lender appeared to be sufficient to claim Vallco Fashion Park, the Cupertino mall put up for auction Feb. 13 by a court-appointed trustee. New York-based Teachers Insurance and Annuity Association of A...
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• Bay Area Partnership to Star in New Production On the Waterfront
2/18/03
A major mixed-used project is slated for development on the last remaining vacant land on the San Francisco Bay waterfront. The project will be built on a 75-acre site, the majority of bay frontage located at the 314-acre Ha...
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• February 14, 2003 - Lost & Foundry
2/14/03
San Francisco's Foundry Square, a four-building project at 1st and Howard streets owned partly by Equity Office Properties Inc and partly by Wilson Meany Sullivan LLC, appears to be having more success in leasing than other n...
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• Market Center Lands on the Market
2/13/03
As anticipated by local observers, Tishman Speyer has put the 770.4k sf Market Center on the block to avoid foreclosure. The 2-building complex at 555-575 Market is 80% vacant, with one building totally empty, despite recent ...
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• February 12, 2003 - REI Hikes into Former San Francisco Dot Com Building
2/11/03
Levin Menzies & Associates, a Walnut Creek development and investment company that owns several buildings in central San Francisco, has had a brief run of good luck. It found a buyer for a Financial District office building i...
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• February 10, 2003 - Hopes Re-Bloom for Emporium Building
2/10/03
Less than a month after announcing elimination of the luxury hotel component from the proposed Bloomingdale's-anchored mall in the shell of San Francisco's historic Emporium building, developer Forest City California revealed...
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• February 10, 2003 - Not to Trot
2/10/03
Last year may have been the Year of the Horse according to the Chinese Lunar calendar, but Year of the Pony was closer to the truth when it came to the Bay Area commercial leasing market. Small leases were the order of the da...
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