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• Shea Finds Safeway to Anchor New Development
4/05/01
Supermarket giant Safeway Inc has signed a $30 mil, 25-year lease for a 52k sf ($1.92/sf/mo) store, as the anchor tenant at a new project called The Shops at Waterford, being developed in Dublin by Aliso Viejo-based Shea Prop...
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• Burnham Pacific Takes Care of Some Spring Cleaning
4/04/01
The dissolution of Burnham Pacific Properties Inc is dramatically altering the ownership landscape for Bay Area neighborhood and community shopping centers, but other sales are also contributing to the change.
A large number...
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• Tenants Triumph in Today's San Francisco Office Market
3/30/01
While the amount of square footage leased in San Francisco has declined precipitously from this time last year, the number of deals hasn't shown a proportionate drop. So reports Colin Yasukochi, client services manager for th...
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• March 28, 2001 - Sun Still Shining on Solano
3/28/01
Solano County was slow to benefit from the boom times that the rest of the Bay Area experienced over the past few years. Likewise, it's slower to suffer from the downturn.
We are continuing to see steady and increased intere...
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• Colliers International Takes Up More Space
3/27/01
Colliers International is continuing to aggressively expand their management business, as they've recently announced contracts for six new properties totaling over 1 msf of space, of which about 200k sf is located in the Bay ...
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• March 26, 2001 - Commissions Rising in Line with Vacancies in San Francisco
3/26/01
An article in this week's San Francisco Business Times reveals that broker commissions and bonuses in the city continue to rise, moving in tune the market. For example, it says the owner of the 56k sf office/retail building 3...
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• March 22, 2001 - Investment Grade - Buyers Still Give SF High Marks
3/22/01
San Francisco's office market may be going through unpleasant shrinking pains at the moment, but the situation has had minimal impact on the investment market. There are a few simple reasons for this. Though there was a rash ...
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• Catellus' Mission Bay Projects Clarified
3/20/01
Here are some more details on the approved plans for development space awarded to Catellus Development, as part of the city of San Francisco's annual allocation of 875k sf of new development permits for large office projects....
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• Cisco and Intel Forge Ahead
3/16/01
Cutbacks of 8,000 employees at Cisco Systems and 5,000 at Intel Corp apparently will not affect development at the Pacific Commons in Fremont. Catellus Development Corp of San Francisco says neither company intends to renege ...
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• Doerken to Juice Up Citrus Center
3/15/01
LA-based Doerken Properties continues its push into the San Francisco Bay Area, with the recent acquisition of Citrus Center, their third shopping center in the region. Doerken paid $16.3 mil for the 101k sf ($161/sf) propert...
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• March 13, 2001 - Three SF Buildings Win Approval in Annual Contest, One More to Come
3/13/01
A few months ago the so-called beauty contest to decide which proposed San Francisco office projects would be approved for development looked to be a cutthroat affair.* With two proposals totaling 475k sf assured of approval ...
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• March 9, 2001 - Nokia Says No — Telecom Company Pullback Sends Troubling Message
3/09/01
The Sonoma County battle of the developers, to see which would get Nokia as the tenant for its new project is decided and the winner is … nobody. Well, except Nokia's current landlord, or rather landlords, for the cell phone ...
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• Bay Area Deal Update
3/08/01
There was a major land buy in the northern part of San Jose, as BEA Systems has purchased a 40-acre parcel of land, along North First St, for $270 mil. That price averages out to $155/sf for what is one of the few large piece...
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• Mixed Market Gives Off Mixed Signals
3/07/01
Not everyone considers the San Francisco market to be in the midst of a severe downturn. Greg Flynn, founder of Flynn Land Co, thinks the reversal has been much exaggerated, and he's got evidence to back him up. To wit, he ju...
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• March 2, 2001 - Return of the Monster Space
3/03/01
San Francisco is not the only Bay Area market burdened with an excess of sublease office space. Marin County and parts of the East Bay face similar gluts, though, as in San Francisco, many brokers insist the resultant rise in...
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• March 1, 2001 - It Makes a Village
3/01/01
Traffic congestion has become a serious issue throughout the San Francisco Bay Area, spawning a growing interest in development of so-called transit villages. And it looks like San Mateo County is bidding to become the region...
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• Bay Area Leasing Activity
2/28/01
Here's a quick rundown of a few recent leases in the region. We'll start in the southern end of Alameda County and work our way north. In Fremont, Athens Transportation has leased 63k sf to Seven-Up Bottling Company, in a 20-...
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• February 23, 2001 - Grant Building Grandstand
2/23/01
The owner of the Grant Building at Seventh and Market streets in San Francisco took the highly unusual step of alerting the press to the refusal of a group of building tenants to accept a recent rent offer. In a somewhat sens...
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• Spieker Says Yes to Equity
2/23/01
Fulfilling his oft-repeated prophecy about continued consolidation in the REIT industry, Sam Zell and his Equity Office Properties, the largest REIT in the country, today announced plans to swallow up Menlo Park-based Spieker...
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• Developers Land at Oakland Airport
2/22/01
The Port of Oakland has sold two prime development parcels and has moved closer to a final agreement on the sale of a third. The transactions represent the sale of the last available parcels at Oakland Airport Business Park.
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