Cresa Opens East Bay Office, Expands Bay Area Presence

By Natalie Dolce

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(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22^nd in Los Angeles).

OAKLAND, CA-Cresa has opened its newest commercial real estate office: Cresa East Bay, located in Oakland, CA. The new office will be led by managing principals Matt Elmquist and Scott Stone, who formerly were principals at AEGIS Realty Partners in Oakland.

The East Bay team, including VP Stephen Carlson, advisor Frank Palestini, and marketing manager Jennifer Tucker, will work closely with Cresa San Francisco, expanding Cresa’s leadership in the Bay Area along with the firm’s offices in San Jose and Palo Alto, according to a prepared statement.

According to Craig Zodikoff, managing principal of Cresa San Francisco, AEGIS Realty, founded in 1994, is “an exceptionally good fit for our firm.” AEGIS specialized in tenant representation and corporate sales in the high-technology and biotech arenas.

Elmquist

Zodikoff says in a prepared statement that “Cresa has been expanding services in the local area, and our new office in East Bay is a logical extension for us.”

Elmquist and Stone have a combined total of 30 years’ experience in commercial real estate. Their major clients have included Amyris, Biotime, Children’s Hospital in Oakland, GT Nexus, Oncologic, Onyx Pharmaceuticals, and Zogenix. Zodikoff points out that “Matt and Scott are highly respected, top producers who share our tenant advocacy philosophy and are very compatible with our corporate culture. By joining forces, we become a stronger player in the East Bay and throughout the region; we also gain from their complementary capabilities in such disciplines as corporate dispositions and investment sales.”

Stone

According to Zodikoff, Cresa is always looking for best-in-class partnerships. “Our new office will add quality and depth to our service offerings,” Zodikoff says. “We have joined with like-minded professionals who believe that corporate clients are best served when they have a service provider that puts their interests first and avoids conflicts of interest.”

The market in San Francisco and East Bay has been experiencing increased velocity, says Zodikoff, but it is still volatile, and there is a delicate balance between tenants and landlords.  “Bringing our new team aboard gives Cresa added strength in representing tenants.”

California offices of Cresa include East Bay, San Francisco, San Jose, Palo Alto, Sacramento, Los Angeles, Woodland Hills, Orange County, Ontario, and San Diego.

Categories: West, Office, San Francisco