East Bay Office Space Market Report
Free Shuttle Starts Service
Oakland’s latest improvement launched yesterday with the service of a free shuttle running between Jack London Square and the Uptown neighborhoods. This will be giving residents and business something to smile about as it will not only be useful but also will be giving the “Gourmet” ghetto a run for its money making all those [...]
Read More »Clients in The News Being Green
This week Wendel Rosen was recognized for being green. Donald Simon leads this effort by advising clients to help reduce the human footprint. Simon joined the firm in 2002 and ever since he has helped advise clients on LEED issues relating to Solar and renewable energy, climate change, green building and organic products. He strongly [...]
Read More »2nd Quarter 2010 – East Bay Office Market Report
Sendmail was able to leverage a soft Emeryville market and reduce their occupancy cost by 50% through a combination of reduced rent and rightsizing.
Read More »Profit for Non-Profit
We have seen an increase in non-profit activity in the real estate world. This can be recognized either in the form of new leases or real estate investment. More locally and recently we have seen non-profits investing their profit in assets to not only help their business but help the business of others. You could [...]
Read More »Auction, Auction
Another sign of the economy has found its way into the east bay commercial real estate arena. Mervyn’s the once popular department store’s debt is hitting the auction block later this month in Hayward via the internet. The 336,000 square foot department store that was turned into office space will hit the online auction opening [...]
Read More »Fruitvale Phase II
Oakland’s redevelopment agency recently slated plans to buy a surface parking lot at the Fruitvale BART station. The proposed project is estimated at $100 million dollars. The project will be the second phase of Signature Properties Inc.’s residential project there. The site currently sits on 3.4 acres and the land is valued at $6 million. [...]
Read More »Donahue Gallagher Woods LLP
Donahue Gallagher Woods moved from 300 Lakeside to 1999 Harrison Street in downtown Oakland. Donahue specializes in litigation, counseling, dispute resolution services among others. They have two others locations giving them a strong presence in the Bay Area. This will complete the second major law firm transaction of the year after Burnham and Brown inked [...]
Read More »Acquisition Opportunity
Eastdil Secured has announced that the three building project known as the Watergate Towers in Emeryville is up for sale. This will be the second multiple building project for sale this summer as Oakland City Center Closed no more than a week ago. The project is comprised of 813,557 square feet stacked in three office [...]
Read More »CBRE Investors is Oaklands Newest Landlord
Yes that’s right, CBRE Investors closed last week Wednesday on the Oakland City Center portfolio. The project includes the premier 555 12th and 1111 Broadway properties as well as 1300 Clay Street, 505 14th Street and the City Square. The five locations make up 1.6 million square feet that is 91% leased with a 1,150 [...]
Read More »Ellis Partners sells Alameda office building
Ellis Partners recently completed the sale of Bay View Plaza a 62,000 square-foot office building in Alameda to Worthington Investments for $10.6 million or $171 per square foot. The property is located at 1600 Harbor Bay Business Parkway in the Harbor Bay Business Park nestled up against the Oakland International Airport. The two story building [...]
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