SAN FRANCISCO-The area to be developed lies between Illinois Street and the bay and stretches from Mariposa Street to 22nd Street. It is part of San Francisco's industrial complex -- an area recently transformed from old industrial space to hip live-work district.
BURLINGAME-Colliers has taken on the role of advisor for the last large waterfront property in the San Francisco International Airport area. The deadline for RFPs has passed for developers of a major hotel site in Burlingame and Colliers expects the marketing ball to start rolling very soon.
SACRAMENTO, CA-The two-story building was partially vacant at the time of the sale and CT Realty has assigned Kurt Munger of Cornish & Carey to negotiate new leases for the open space.
OAKLAND, CA-Versata leases the 13th floor of the Kaiser building at 300 Lakeside Dr. to Newscale, a shared services management company. Versata leased approximately 100,000 sf of class A office space in the building last May, and is now downsizing.
SACRAMENTO-Working on a steep hillside slope, crews have just begun demolition of a small building on the site. The 76,000-sf, three building vocational training facility is 13 months out. DPR Construction is the general contractor.
SAN FRANCISCO-The Financial District is the neighborhood least affected by skyrocketing vacancy rates in San Francisco, according to the latest vacancy report by CoStar Realty.
SAN FRANCISCO-The purged proposal, the largest of four, was discovered to have the most negative effect on the environment and was protested against because of the noise problems it would create for the Bayview Hunters Point area.
SAN FRANCISCO-One Workplace takes about 27,000 sf of the 90,000 sf vacated earlier this year by Quakko Sports. The 10-year lease was priced in the low 30's per sf, annually, triple net.
SAN FRANCISCO-The Presidio's new plan would demolish several buildings to create open space, but also open other areas for retail and commercial growth development. The plan now awaits approval from the trust's board of directors.
SACRAMENTO, CA-The property was on the market for only two weeks and sold at the list price, making the capitalization rate right around 7.10%. The buyer is an investor from Southern California.