Back in 2006 and 2007 office buildings were selling like hotcakes, and Class A buildings in wonderful locations filled with credit tenants were getting astronomical prices …

15th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

back then we called it a “frothy” market, and although there were a few questioning the sustainability of these pricing levels the herd mentality of real estate had far more money chasing the limited high end supply.  Then the crash came, and the experts were asking themselves, how could they have known ahead of time » Read More

Tips for Office Recycling courtesy of Buildings Magazine (April 2012) …

11th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

1. Make it a top-down decision; 2. Appoint a recycling coordinator; 3. Start small; 4. Build on the no-brainers, i.e. start with soda cans, cardboard, then add glass, ink cartridges and if you want to take it to the max, “Some offices have containers housing worms that eat food scraps – coffee grounds, banana peels, and » Read More

Ken Rosen, local commercial real estate guru at UC Berkeley

8th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

told a crowd recently that the Bay Area economy was the strongest in the nation (with the exception of oil-booming North Dakota, and how many people even live in North Dakota?), and we still have a long way to go in this recovery.  He predicts a growth rate for Northern California of 4.9 percent, with » Read More

Big office leases left and right …

7th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

just to name a few recent deals, John Muir Hospital just signed a long-term 150,000 square foot office lease at 1450 Treat Blvd. in Walnut Creek and Airbnb signed a 170,000 sf office lease at 888 Brannan St. in San Francisco. Tweet This Post Read More

Green Tenants More Productive …

4th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

according to the Building Owners and Managers Association office tenants who locate in “green” sustainable buildings enjoy higher employee satisfaction and retention, lower energy costs, lower common-area operational expenses,  and because their employees appreciate working in a more ethical environment they are likelier to attract higher quality talent … Tweet This Post Read More

Editorial Director David Bodamer in the April 2012 National Real Estate Investor issue made several excellent points

1st May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

on myth versus reality on Onshoring, which is bringing manufacturing and other jobs that went overseas back here to America.  He points out that while some firms have brought their manufacturing back home to the U.S. it should be recognized that with the great advances we have had in productivity it makes much fewer workers » Read More

Googlelicious office space …

30th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

according to Globe Investor, no two Google offices are the same, but there are common elements of shared spaces, cubes, yurts, eggs and “huddles,” video games, pool tables and pianos, cafes and little kitchens stocked with healthy food, and whiteboards.  Employees have the technology to be able to work from home, but are still encouraged » Read More

With East Bay office rents at an incredible comparative bargain,

27th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

i.e. Pleasanton and Concord Class A fully-serviced rents at $21.00 to $22.00/rsf per year, and average asking rates on the Peninsula in the $40.00 to $45.00/rsf range folks have asked me why more tech companies aren’t relocating to take advantage of these much-lower occupancy costs … and the answer is in one word … hiring » Read More

The “greenest” federal building in the country is NASA’s newest 50,000 square foot two-story office building in Mountain View, California.

24th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

It is so energy-efficient it actual generates more electricity than it consumes, with fuel cells from Bloom Energy, solar panels, a water recovery system, and building controls that can react to subtle changes in sunlight, temperature, wind and occupancy.  It has the LEED Platinum rating, the highest possible, with windows that open, an office floor » Read More

Two totally different elements in the Contra Costa market which is about 20 miles to the East of San Francisco.

20th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - 1 Comment

In a number of the upper-end residential areas like Orinda, Lafayette and Danville residential agents are reporting a huge spike in buyer interest in the $800,000 to $1,500,000 range, with multiple offers, sometimes as many as 5 to 6 offers per home, as homebuyers from San Francisco and the Peninsula decide that the longer commute » Read More

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