San Francisco Bay Area's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
SACRAMENTO-The California Department of Food and Agriculture is opting for an expensive relocation plan during its 18-month renovation, which will completely transform the department's 76-year-old building. The double move is estimated to cost an extra $900,000, which opponents say is unnecessary.
SAN FRANCISCO-Bridgeville, a small town north of San Francisco, goes down in history as the first entire town to be sold online. The $1.8-million purchase was made on EBay.
SAN FRANCISCO-The Presidio Trust is relying on investors to help rehabilitate the Presidio's Montgomery Street barracks, but the estimated renovation costs coupled with the current economy, has kept interest light.
OAKLAND, CA-OBRA, the company converting the former Oakland Army Base in Oakland for commercial use, subleases two warehouse spaces to Bay Area companies.
SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.
FOLSOM, CA-Meadowview Limited Partners of Marin County bought the Riley Professional Center in central Folsom for $6.95 million. The seller, Capital Builders, built the property in 2000.
OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.
ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.
SAN FRANCISCO-Michael Huaco brings 15 years of corporate real estate experience to Insignia/ESG, where he will focus on establishing new corporate real estate relationship with the Bay Area's major firms.
SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.