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Transpacific Continues on Acquisition Highway with NoCal DaimlerChrysler Building 2/04/02 Transpacific Development Company (TDC), a Torrance-based real estate development, investment and management firm, controlled by Shurl Curci, just made a significant addition to their portfolio with the acquisition of a 431k s...
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February 1, 2002 - San Francisco Peninsula Continues Downward Slide 2/01/02 The 4th Quarter office report from CB Richard Ellis for the San Francisco Peninsula suggests the downturn is nearing, but has not reached, its end. The report, however, contains several inconsistencies that bring this conclus...
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Oakland High-Rise Merritts Recognition for Strong Leasing Year 1/31/02 2001 was a good year for Transpacific Development Company's Lake Merritt Plaza, as they closed out the year at more than 97% leased, thanks in part to several fourth quarter transactions. The 27-story granite building, locate...
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January 30, 2002 - Changes in Store for Oakland Waterfront and Downtown Properties 1/30/02 Two recent actions promise to propel Oakland another few steps toward transformation of the city's downtown into a thriving commercial and residential area. In the first, the Port of Oakland's Board of Commissioners approved ...
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January 25, 2002 - They'll Drink to That: Napa Toasts Two New Wine-Related Businesses 1/25/02 Two new leases in the City of Napa underscore both the importance of the wine industry in Napa County's fortunes and the industry's continued growth, even during a period of retrenchment for most business sectors. Diageo plc ...
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January 24, 2002 - Alameda Gets to the Point - Enters Formal Negotiations for $2 Bil Development 1/24/02 The City of Alameda has been taking major steps to increase its share of Bay Area development and business activity. The most significant step was the City Council's Jan 17 approval of an exclusive negotiation agreement betwe...
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Lees and Grant Lead CB's Civil Negotiations for Landlords in San Mateo 1/21/02 The San Francisco Peninsula Office Properties Group of CB Richard Ellis, a five member team co-directed by James Lees and Tim Grant, has recently closed a number of leases in the San Mateo area recently, which we'll list in t...
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San Francisco Moving Forward on Waterfront Project, Thanks to Pier Pressure 1/18/02 Johnson Fain Partners, the well-known LA-based architecture and urban planning firm, has completed a master-plan for the San Francisco Piers 27, 29 and 31, in conjunction with the Mills Corporation and the YMCA of San Francis...
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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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