San Francisco

WeWork is setting up shop in five full floors totaling 12,000 square feet in a long-term lease valued at more than $10 million in the 110-year-old 50,000-square-foot office tower in Union Square.

In addition to denser housing projects, a series of underutilized retail and office projects are planned to be repositioned as either housing-only developments or mixed-use centers with housing, says Garber in this <b>EXCLUSIVE</b>.

In this shifting market, both buyers and sellers of commercial real estate need to thoughtfully protect their interests and limit their risk to the extent possible.

San Francisco office tenant demand relative to available supply has reached its highest level since 1999, and tenant square footage has increased to 6.8 million square feet, equal to the level of existing supply.

CT Realty recently sold the newly built 1.12 million-square-foot industrial building, NorCal Logistics Center, to Bentall Kennedy (US) Limited Partnership on behalf of its US core fund for $105.3 million.

As the Greater Bay Area continues to expand and commute times worsen, companies/employees continue to seek office and working alternatives to save time and increase productivity.

Underpinning the success of 221 Main St.'s leasing program are a series of strategic enhancements which culminated last year in an extensive renovation of the building's outdoor terrace.

Brookfield is developing a 28-acre waterfront neighborhood with new housing, waterfront parks, artist space and manufacturing, and rehabilitated historic buildings.