San Francisco

News

How One Group Of Owners Tokenized An Office For Greater Liquidity

Erika Morphy | September 21, 2018

Tokens created on Flote are backed by physical real estate and adhere to relevant financial regulations and qualified investor checks.

News

Fremont Industrial Entices with Growth-Driving Fundamentals

Lisa Brown | September 21, 2018

Dermody’s acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.

News

Off-Market Triple-Net Assets Go Like Hotcakes

Lisa Brown | September 20, 2018

With limited supply, urban in-fill generational triple net assets leased to top-tier credit tenants in hot markets such as Los Altos continue to be in high demand and many sales are off-market.

News

Nonprofit Uses Pay from Savings Plan for Upgrades

Lisa Brown | September 19, 2018

Even with incentives from utilities and the government, Mercy Housing needed a more creative solution so it partnered with Bright Power to upgrade 80 properties, GlobeSt.com learns in this EXCLUSIVE.

News

California Investor Acquires Stamford Multifamily

John Jordan | September 18, 2018

A joint venture of Norwalk, CT-based Fuller Development and Spinnaker Real Estate Partners sold the 183-unit market rate apartment property to Friedkin, according to brokerage firm CBRE.

News

Sac Industrial Completions Go to Single Users

Lisa Brown | September 18, 2018

The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.

Breaking News

Multifamily Portfolio Gets Financing Jolt

Lisa Brown | September 17, 2018

A 12-property 455-unit multifamily portfolio with 13 ground-floor retail suites just received $113.5 million via a six-year (including extension options) floating-rate loan through an affiliate of Walton Street Capital.

Commentary

Rent Control, a California Nightmare

Joseph Ori | September 17, 2018

It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.

News

3 LaSalle Hotels Are Under Contract For $715M

Erika Morphy | September 17, 2018

More sales are to come: Pebblebrook plans to sell between $500 million to $1 billion of hotels after the merger is complete.

Commentary

Why Now Is the Time to Invest in Sacramento CRE

Richard Sarkis | September 17, 2018

The exorbitant cost of doing business in the Bay Area is driving more companies to up-and-coming regional markets like Sacramento.

Q&A

Land Costs Propel Developers to Maximize Efficiencies

Lisa Brown | September 17, 2018

SVN’s Getty says worsening traffic conditions are accelerating the values of in-fill parcels as developers appear willing to offer higher prices to acquire land closer to high-tech employers and transit corridors.

News

Ascendas-Singbridge Enters US With Office Portfolio Deal

Erika Morphy | September 14, 2018

The 3.3 million square foot portfolio is located in Portland, Raleigh and San Diego.

News

Starbucks Commits to 10,000 ‘Greener Stores’ by 2025

John Jordan | September 14, 2018

“Simply put, sustainable coffee, served sustainably is our aspiration,” said Kevin Johnson, president and CEO of Starbucks.

News

Class-A Space Goes for $1,565/SF

Lisa Brown | September 13, 2018

McCarthy Cook recently acquired Dropbox-anchored Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot.

Expert Opinion

Beyond the Elephant, Which Tax Issues May Affect CRE?

Lisa Brown | September 13, 2018

The tax reform act has been largely incorporated into the IRS code though some provisions still face interpretation and fine tuning, says Chris Paris, partner, Moss Adams, in this EXCLUSIVE.

News

Location is Vital for Healthcare Assets

Lisa Brown | September 12, 2018

Hospitals and medical providers seek to place offices in neighborhoods and suburban areas, closer to where people live and work, in order to reduce costs and appeal to patients seeking medical care.

News

Affordable Units Soon to Quadruple

Lisa Brown | September 11, 2018

A mixed-use development will have the first substantial slate of affordable units to be delivered within the downtown precise plan and quadruple the number of affordable units completed under the plan to date.

News

Can CRE Communication be Streamlined?

Lisa Brown | September 10, 2018

The communication process can lead to longer timelines and reduced outputs, ultimately driving real estate prices up and limiting global economic growth, but Openland recently launched a CRE messenger for this need.

News

Office Construction Dip May Cause Heartburn

Lisa Brown | September 07, 2018

San Francisco office space continues to dwindle, and the area may face a shortage of available office space between now and 2022 when the next major office project will be completed.

Research

Atlanta Named Nation’s Third Greenest City in CBRE Study

Steve Lubetkin | September 07, 2018

“Green building certifications have become an important proxy for sustainable practices, recognized by all stakeholders,” says David Pogue, CBRE’s senior vice president, global client care.

News

Retail Exhibits Resiliency to Bounce Back

Lisa Brown | September 06, 2018

Successful malls will be those that transform beyond shopping into social town centers, places where people go to eat, meet friends, be entertained, relax or experience an array of other services, says QIC.

Breaking News

Mission Rock to be Centerpiece for Central Waterfront

Lisa Brown | September 05, 2018

The San Francisco Giants just announced the selection of Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park.

News

Expectations for Office Connectivity Skyrocket

Lisa Brown | September 05, 2018

As office space shrinks, the tech performance of the space becomes more important, i.e., dedicated Internet access, connectivity to private cloud networks and secure connection to offshore centers.

Q&A

Treadmills Give Way to Outdoor Exercise on Campuses

Lisa Brown | September 04, 2018

Even though summer is over, office workers won’t miss time outdoors as many campuses are incorporating wellness elements with outdoor work and exercise areas, GlobeSt.com learns in this EXCLUSIVE.

News

Demand for Flexibility is Not Going Anywhere

Lisa Brown | August 31, 2018

More than 5 million square feet of new space becoming available in each of the past three years and another 3 million square feet of new space has opened in the first half of 2018, says Cushman & Wakefield.

Event News

Council Thinks Outside the Course for Cure

Lisa Brown | August 30, 2018

Northern California Real Estate and Construction Council’s annual Bike to Hope capitalizes on the plethora of commercial real estate types who are avid bicyclists to raise money for life-threatening diseases.

News

Working Styles a Priority in Human Experience Campaign

Lisa Brown | August 29, 2018

JLL’s design decisions hinged on individual working styles, rather than a business objective and how to make working lives easier, encourage collaboration and productivity, and boost job satisfaction/balance.

News

Central Site Gets Goods to 30 Million Residents

Lisa Brown | August 28, 2018

With a FedEx Ground hub onsite and near a UPS ground hub, Wonderful Industrial Park’s location has access to 14% of the US population within 300 miles and same-day delivery to 30 million Californians.

News

Splunk Plunks Down Another Santana Lease

Lisa Brown | August 27, 2018

Splunk Inc. signed a long-term lease for 301,000 square feet of office area in Federal Realty Investment Trust's 700 Santana Row, a 319,000-square-foot class-A mixed-use office and retail building in San Jose.

Q&A

Internet-Resistant Tenants Rule Retail

Lisa Brown | August 27, 2018

Neighborhood centers anchors are traditional daily-needs retailers such as grocery, drug and dollar stores, as well as service tenants that are more Internet-resistant, GlobeSt.com learns in this EXCLUSIVE.

News

Korda Group Acquires San Gabriel Valley Multifamily

John Jordan | August 24, 2018

The asset sold for $272,569 per unit.

News

With Scarce Land, Approvals are Harder to Obtain

Lisa Brown | August 24, 2018

One mixed-use project, Ameswell Mountain View, located on one of the last fully entitled development sites in Mountain View, has bucked that notion and recently broke ground.

News

Lendlease, Australian Fund Form $2B Initiative For US Multifamily

Erika Morphy | August 23, 2018

The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.

News

Million-Plus Pads Still Fare Well

Lisa Brown | August 23, 2018

Sales of homes priced in the $1 million to $3 million range continue to surge and one such development, Mira, will be located in the Transbay neighborhood with access to the new Salesforce Transit Center.

Prologis Closes DCT Industrial Trust Acquisition

Erika Morphy | August 22, 2018

Earlier this week DCT Industrial’s shareholders voted to approve the $8.4 billion transaction.

News

Canna-Business Gets Contact High

Lisa Brown | August 22, 2018

While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.

Light at the End of the Tunnel for Upzoning

Lisa Brown | August 21, 2018

San Francisco prepares for enactment of the first large upzoning of the center of the city since the downtown plan was adopted in the 1980s, now oriented to produce more office space than new housing.

News

VMG Pays Nearly $45M for Summit at Douglas Ridge

John Jordan | August 20, 2018

Palmer Capital represented both VMG and Ellis Partners and secured $32.2 million of financing for the transaction from Umpqua Bank’s commercial banking division.

Q&A News

Battle of the Bay: Silicon Valley vs. San Francisco

Lisa Brown | August 20, 2018

The Valley continues to experience record-setting economic expansion with a large development boom in North San Jose, downtown San Jose and Santa Clara, and San Francisco office vacancy sits at 7%.

News

Transit Phase Two Includes Trains

Lisa Brown | August 17, 2018

Phase one connects buses from AC Transit and WestCAT to/from the East Bay, and Greyhound and Amtrak Thruway buses with Muni service while phase two would bring in Caltrain and high-speed rail.

News

Transit Construction Stats are Staggering

Lisa Brown | August 16, 2018

More than 640,000 cubic yards were excavated and 92,000 cubic yards of concrete were recycled from the old terminal, enough to fill 28 Olympic-size swimming pools, according to the JV construction team.

Bay Area Companies Fuel Seattle's Growth

Lisa Brown | August 16, 2018

With a rate of 63.1%, Seattle has the most educated workforce in North America of residents older than 25 holding a bachelor’s degree or higher and ranks second for tech talent only behind the Bay Area.

News

Penthouse Unit at 181 Fremont Trades for Record Price

John Jordan | August 15, 2018

The Mark Co. projects sales to top $1 billion for the expansive development across from DTLA's Staple Center.

News

Transit Center Ticks All Boxes for a Public Space

Lisa Brown | August 15, 2018

Pelli Clarke Pelli Architects’ architectural design for Salesforce Transit Center illustrates how a dense urban transit-based development can be a cornerstone for a sustainable and livable city.

Event Coverage News

Park is the Top Icing Layer of Transit Center

Lisa Brown | August 14, 2018

The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.

Co-Working Rebrand Focuses on Tech/Energy

Lisa Brown | August 13, 2018

The newly christened McClellan Innovation Center, an 8,000-square-foot office, can accommodate up to 100 guests per day with flexible temporary or long-term desk leasing for individuals and companies.

News

Tech Workers Call the Shots for Space

Lisa Brown | August 10, 2018

With the unemployment rate at 4%, many companies are taking a cold hard look at just what employees, especially the decision-driving Millennials, want in office spaces.

News

Chase Center Works Against the Buzzer

Lisa Brown | August 09, 2018

The Chase Center is a 18,064-seat sports and entertainment arena set to open in fall 2019 in time for the first tip-off of the 2019-2020 NBA season, and will anchor an 11-acre mixed-use complex in Mission Bay.

News

Large Block Tech Space is Scarce in San Mateo

Lisa Brown | August 08, 2018

Such is the demand among large tenants for space—especially close to Caltrain or BART—that Bay Meadows developers revised plans for the last two buildings to add 167,000 square feet to the initial 200,000 total.

News

Silicon Valley Retail Space is Aging Out

Lisa Brown | August 07, 2018

Market Park San Jose, the $2.5 billion 120-acre mixed-use development, is rapidly taking shape to fill the retail void and will be the largest transit-oriented development in Silicon Valley when completed.