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June 15, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• June 27, 2001 - Marin Rents Still Strong, Despite 500k sf for Sublease
6/27/01
More than 500k sf of sublease office space has hit the market in Marin County over the past three months, according to Orion Partners Ltd. The amount is small potatoes compared to what's available in San Francisco, but it con...
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• June 22, 2001 - SF Landlords Give In, Start Offering Concessions
6/22/01
Give 'em an inch, they'll take a mile. That's how San Francisco landlords are feeling about tenants these days. After a period of giving new tenants almost nothing but an empty shell, property owners once again are making maj...
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• Downtown San Mateo Sees Return of Class A Development
6/21/01
Downtown San Mateo is about to get a major new addition, as 101 Ellsworth, the first Class A office structure built in the city's central core since the mid-eighties, will be wrapping up construction in October of this year. ...
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• June 20, 2001 - New Leases Boost SF Peninsula in Competition For Biotech Capital
6/20/01
Two new biotech leases, and a third signed a couple of months ago, put a new South San Francisco development at the forefront of biotech growth, helping to position the northern half of the San Francisco Peninsula as the worl...
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• June 15, 2001 - Hayward Warehouse Sale Sets Record
6/15/01
Things may be tough in Northern California, but not that tough, judging by a recent Hayward warehouse sale brokered by Colliers International. The $925k paid for a small 7.1k sf warehouse property at 2416 Whipple Rd set a rec...
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• Gateway Commons Development to Open Up More Opportunity in Northern Peninsula Area
6/14/01
Development of Boston Properties' 250k sf spec South San Francisco office building is well underway, at their Gateway Commons office park, with the steel having been topped off a couple of weeks ago. The 11-story high-rise, w...
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• Major Deals in the East Bay
6/13/01
We've got news of a couple of sizable deals from the East Bay, one a lease and the other a sale transaction. We'll begin with the lease, as the County of Contra Costa just signed a 10-year, $13 mil deal for 60k sf, in what is...
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• June 12, 2001 - Chipping Away: Tenants Slowly Absorb SF Space
6/12/01
Though San Francisco continues to have a problem with surplus space, at least some of it - including a fair amount of sublease space - is being absorbed. In the most recent (reported) sublease deal, Rapt Inc, which provides e...
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• Falcon Swoops In On Historic SF Office Building
6/11/01
One Montgomery Street LLC, an offshore investment entity controlled by Falcon Real Estate and Urban Realty Company, has purchased One Montgomery, an historic 80k sf office building at the corner of Montgomery, Post and Market...
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• June 7, 2001 - Tiny Petaluma on Big Development Binge
6/07/01
The real estate slowdown hasn't deterred Sonoma County developers from initiating new office projects, especially in the small town of Petaluma where demand continues to outpace supply. At least eight new projects are in deve...
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• June 5, 2001 -- Shifting Market Prompts CB to Close Walnut Creek Office
6/05/01
The closure of the Walnut Creek office of CB Richard Ellis and the transfer of the firm's local staff and operations to the Pleasanton office marks a major shift in Bay Area market dynamics. Walnut Creek emerged in the 1980s ...
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• Bay Area Continues to See Sales of Smaller Properties
6/01/01
Though the market downturn has significantly slowed Bay Area investment sales, smaller properties that are priced right continue to find purchasers. Well-leased properties with credit or proven tenants that are offered at pri...
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• May 30, 2001 -- Richmond Riches: Industrial City Successfully Adapting to 21st Century
5/30/01
Richmond, a former industrial city at the north end of San Francisco Bay, is succeeding at transforming itself into a high-tech mecca. Or so says John Troughton, a Cushman & Wakefield agent recently honored by the city as Bro...
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• Southern Santa Clara County Business Park Signs 152k sf Lease
5/25/01
While a lot of Bay Area spec projects are finding it tough sledding at the moment, development of Madrone Business Park in Morgan Hill is moving along at breakneck speed. A new 152k sf lease by contract manufacturer Paramit C...
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• Bay Area Deal Highlights
5/24/01
We'll lead off this latest update with news of a recent office sale in the city, as the Public Policy Institute has purchased the 98k sf Pacific Lumber Building, located at 500 Washington St, close to the intersection with Co...
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• May 23, 2001 -- San Francisco's Biggest Deal of Year Pales in Comparison to 2000
5/23/01
The San Francisco Business Times trumpets a recent lease by Epicentric Inc at the Landmark at One Market as the biggest deal of the year so far in San Francisco. That may be true, but at a mere 75k sf, it looks rather puny co...
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• May 18, 2001 -- Silicon Valley Vacancy Low -- but Availability Climbing
5/18/01
A few months ago, brokers in Silicon Valley were boasting that Silicon Valley was largely immune from the travails besetting San Francisco commercial real estate because Internet businesses played a relatively small role in t...
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• San Francisco News Briefs
5/17/01
Here's a few news items from San Francisco, starting with W.R. Hambrecht's revised plans to expand from 25k sf at 539 Bryant St into a 62k sf historic building at the Presidio, the former Army base that has become part of the...
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• May 16, 2001 - Crossing the Finnish Line: Nokia Changes Mind, Will Go to Santa Rosa
5/16/01
Santa Rosa architect-developers Simons & Brecht must think negotiating with Finnish telecom giant Nokia is a bit like pulling petals off a daisy: They love us, they love us not, they love us... Less than two months ago, the ...
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• Ziggurat Signs $175 Mil Juggernaut of a Deal
5/15/01
In what is reported to be the largest deal in West Sacramento in recent history, the State of California's General Services Administration has signed an 18-year, $175 mil sublease for 319.5k sf ($2.54/sf/mo) of space in the c...
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