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February 21, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• $10 Mil Hotel Buy Causes Investor to Get Vertigo
1/17/02
The entry of Prudential-CRES into the San Francisco market, as reported here earlier this week, is not the only example of new beginnings in the midst of a market downturn. Hotel specialist Curtis Davies left the local office...
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• January 16, 2002 - Marriage with Prudential Gives SF Brokerage New Name
1/16/02
Undaunted by a vacancy rate of 20% and climbing, a new commercial brokerage has entered the San Francisco market. That is, new in name and capabilities. Belvedere Associates Inc, a small independent firm that often slips bene...
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• Peninsula Émigrés Find Room to Grow in Hayward and San Leandro
1/11/02
Though not immune from the woes of the rest of the Bay Area, the Hayward-San Leandro industrial market has been relatively active due to low rents, attractive spaces, proximity to Oakland International Airport and the Port of...
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• January 9, 2002 - Big Splash in Bay Area Gene Pool - Tularik to Double in Size
1/09/02
It's certainly not a cure-all, but a hefty new office/R&D lease in South San Francisco by rising biotech star Tularik Inc is a welcome pick-me-up for a market knocked on its rear by the dot-com implosion. At 282k sf, the deal...
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• New Year's Lease Comps from the Bay Area
1/07/02
Here's a quick review of a few recent leases around the Bay Area. We'll lead off in San Jose, as Fujitsu Laboratories of America inked a five-year, $4.85 mil lease for 36.24k sf ($2.23/sf/mo) at 3811 Zanker Rd, between the 23...
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• January 4, 2002 - San Francisco Seeks to Put Money Back into U.S. Mint
1/04/02
Can San Francisco find either a developer or federal aid - or both - to rehab the historic U.S. Mint at 5th and Mission? That's the intention of a tentative agreement with the federal government that would allow the city to t...
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• Insignia/ESG Starts New Year with Expansionary Attitude for Bay Area
1/03/02
The new year has brought some changes to the San Francisco office of Insignia/ESG, as the international full service commercial real estate services firm has expanded to a new location in Four Embarcadero Center, as of Januar...
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• San Francisco Landlords Still Trying to Figure Out How to Spell Relief
1/03/02
Local commercial property owners may have joined the rest of the Bay Area in lusty choruses of Auld Lang Syne as the chimes of midnight ushered in the new year, but the fact that so many acquaintances were forgot in 2001 no d...
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• December 28, 2001 - Sonoma County Whines Enjoy Vintage Year
12/28/01
Though Sonoma County landlords and brokers may not be weeping as many tears as their counterparts south of the Golden Gate, smiles only occasionally break through the gloom. Based on mid-December data from Santa Rosa-based Ke...
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• San Mateo Sans Big Tenants
12/27/01
The completion of a new headquarters campus for Franklin Templeton at Bay Meadows in San Mateo has left a big gap at CarrAmerica Realty Corp.'s San Mateo Centre in the same city, with one of the complex's three 72Ksf building...
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• Public Policy Suits Shuwa, Matteson's Capital is Up Stevens Creek
12/21/01
Today's story is a simple roundup of some recent sales from around the Bay Area. The deals range in price from $1.8 mil to more than $30 mil. The list includes both vacant land and buildings, and both private and public entit...
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• December 20, 2001 - Clothier Creates Gap at Mission Bay
12/20/01
It's official. As we speculated here last week, Gap Inc has decided to sublease the building currently in construction for them at Catellus Development Corp's Mission Bay project in San Francisco. That's not totally disastrou...
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• South Bay Property Shuffle
12/18/01
Here's a quick synopsis of a few recent South Bay commercial property sales, which we pulled from the broker newsletter put out by the Cityfeet.com folks in San Francisco. Starting in San Jose, the James D. Griffiths Trust pa...
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• December 14, 2001 - Losing Bidder Says Oakland's Jack London Sale Not a Square Deal
12/14/01
Despite a higher bid, the Port of Oakland has agreed to sell four buildings totaling about 215k sf at Jack London Square for $17.2 mil to a partnership headed by local businessman James Falaschi and Hal Ellis, president of Sa...
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• December 12, 2001 - Catellus to Leave Mission Bay Spec Building Unfinished for Now
12/12/01
Catellus Development Corp has announced plans to halt construction on its 275k sf spec building at San Francisco's Mission Bay. Work will terminate at the end of the month with completion of the foundation and first-floor sla...
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• December 7, 2001 - It's Business as Usual in Union City and San Leandro
12/07/01
The sale of a tech-oriented business park and completion of a large industrial complex in Union City suggests that confidence remains high in southern Alameda County markets, even in the midst of a recession. Though Fremont i...
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• Merrill Lynch to Give Back 100k sf in San Francisco
12/06/01
What San Francisco definitely doesn't need at the moment is more large blocks of space put up for sublease. But that's exactly what it got with the announcement by Merrill Lynch that the brokerage house is looking for subtena...
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• Bay Area Lease Review
12/04/01
Here's a quick synopsis of some sizable recent Bay Area leases, starting with an update on a big San Francisco law firm deal that we first hinted at in October, as Farella Braun & Martel signed a 10-year renewal and expansion...
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• December 3, 2001 - Napa County May See Vacancies Under 10% by Year-End
12/03/01
With its relatively small industrial base and very small office base, Napa County is somewhat less subject to market vagaries than other parts of the Bay Area. Though 3rd-quarter office and industrial vacancy rates were rathe...
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• Summit Commercial Acquires 414k sf Koll Dublin Center
11/30/01
Summit Commercial Properties, the commercial real estate arm of Highridge Partners, an El Segundo-based real estate investment firm, has acquired Koll Dublin Corporate Center, a three-building office campus in the Bay Area ci...
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