Earthsavers Erosion Control Leases 108,000-Square-Foot Industrial Facility in Sacramento Valley
The Registry, May 29
Cushman & Wakefield has finalized a 10-year industrial lease for 108,000 square feet at 1425 E. Beamer Street in Woodland. The commercial real estate services firm’s Oakland-based Managing Director Ken Reiff represented both the landlord, Beverly Hills, California based Amir Development, and the tenant, Earthsavers Erosion Control (ESEC).
Dasher Technologies Expands, has Long Term Plans at Campbell Tech Park in Campbell, CA
The Registry, May 27
Dasher Technologies has signed a long-term lease for 24,660 square feet at the Campbell Technology Park in Campbell, CA. Dasher, a premier IT solutions provider, is repositioning and expanding its occupancy within the park. Steve Pace, Dan Hollingsworth and Karen Sigl with Cushman & Wakefield’s San Jose office represented the landlord in the transaction.
KangaZoom Bouncing into Antioch, CA, Will Open Indoor Children’s Inflatable Entertainment Center & More
The Registry, May 27
A KangaZoom franchisee, Andreas Angles, LLC, will soon open a new Indoor Children’s Inflatable focus Entertainment Center in Antioch, CA. Located on the site of the former Antioch Family Fun Center that shuttered several years ago, Scott Bertrand with Cushman & Wakefield’s Walnut Creek office represented the tenant in the transaction.
DCT Lands Single Tenant for 297,000 SF Class A Warehouse Facility in Hayward, CA
Registry, May 27,
DCT Industrial has secured a single tenant for its 297,000 square foot Class A warehouse facility at 22290 Hathaway Avenue in Hayward, CA. 22290 Hathaway was formerly a 394,000 square foot building that is being redeveloped into this smaller size facility. The building is situated on ±11.7 acres. Jeff Starkovich, SIOR and Sam Higgins, SIOR with Cushman & Wakefield’s Oakland office represented the landlord in the transaction.
Petaluma Leads Sonoma County in Economic Development
Petaluma Argus Courier, May 23
Top-end office space in Petaluma is going for $2.01 per square foot compared to $4.32 in Mill Valley, according to Cushman and Wakefield N. California Research.
Top Leasing Brokers Recognized at ICSC RECon 2016 Special Event
PR Newswire, May 23
James Chung and Marisa Organo of Cushman & Wakefield in San Jose, CA were recognized for the most new lease transactions in the VEREIT portfolio during the past year. The team was recognized for leasing The Plant, a 509,000-square-foot anchored shopping center in San Jose, CA,
Shift to Thrift
dailycamera.com, May 21
As investor sentiment in the tech industry cools, startups are facing a new reality: Money doesn’t always come easily. The abundant venture capital funding that convinced companies they could stay private longer is now harder to come by — such funding in Silicon Valley fell 19.5 percent in the first quarter of 2016 compared with the same period in 2015. Managing Principal JD Lumpkin and Research Director Robert Sammons are quoted.
Renting Out Empty Desks Helps Startups Afford Pricey SF Offices
San Francisco Chronicle, May 20
Some industry experts, like Cushman & Wakefield, don’t necessarily think the sublease boom is a bad thing. C&W research is cited.
Cushman & Wakefield Named Agent for Sonoma County Industrial Development
DC Velocity, May 16
Commercial real estate services firm Cushman & Wakefield has been named leasing agent for a new, 260,000-square-foot industrial development in Sonoma County. Located on the Sonoma city line, the $32 million ground-up project is a joint venture of Washington Capital Management and VSP LLC. C&W industrial specialists Steven Leonard, Brian Foster and Nils VonDoepp are heading the leasing assignment out of the firm’s Larkspur, Calif., office.
This is Not a Bubble Bursting … it’s a Train Slowing down venturebeat.com, May 14 There has been an uproar in the tech world recently about what people perceive to be the “doom of the Silicon Valley economy. Cushman & Wakefield N. California research is cited.
West Sac Property for Sale near Raley Field has Residential Zoning
Sacramento Business Journal, May 11
A full, mostly undeveloped block near the West Sacramento riverfront is on the market, and already getting strong interest.
The Washington District property at 520 Fifth St. is zoned for housing. But listing broker Matt Cologna of Cushman & Wakefield’s Sacramento office said the type of housing could change.
Investment Heavyweights Buy State Office Complex
Sacramento Bee, May 6
In a deal that reflects institutional enthusiasm for Sacramento’s commercial real estate market, one of the investors in redevelopment around Golden 1 Center has joined with two big partners to acquire a prominent state office building in the downtown area. Chris Strain, an office leasing specialist with the Cushman & Wakefield brokerage firm, said the deal is particularly significant because of the continued presence here of Hines – a major investor in top-tier markets.
Analysis: Yes, the Office Market is Slowing Down – Not Time to Worry Yet
Silicon Valley Busines Journal, May 6 Take Cushman & Wakefield’s latest report, which found South Bay office vacancy ticked up in the first quarter. It was small — just 30 basis points — to reach 7.6 percent. Same story in San Mateo County, where office/R&D vacancy increased 20 basis points to 7.7 percent. Should landlords start to worry? “I don’t think it’s moving the needle that much,” said Robert Sammons, C&W’s regional director for northwest U.S. research.
Significant North Bay Commercial Real Estate Deals
Bay Business Journal, May 6
Allianz Global Risks US Insurance Company, the domestic operating arm of Germany-based Allianz, signed a lease for much of a 140,000-square-foot vacant former Tellabs building in Petaluma, according to Brian Foster of Cushman & Wakefield.
Office Rents in Oakland Hit an All-Time High
Socketsite.com, May 5
While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the dotcom era peak at the end of 2000. Cushman & Wakefield’s N. CA research is cited.
The Bottom Line: Sustainability Measures Pay Off Says Morgan Stanley Report
The Registry, May 5
A Cushman & Wakefield report says that many real estate investors lack the tools and insights needed to consistently integrate sustainability considerations into real estate investments. In the C&W survey of property owners and investment managers, more than half of respondents self-reported that their sustainability evaluations were inconsistent and their policies were not comprehensive
Exclusive: Oakland’s first tower in eight years files for building permits
SF Business Journal, May 5 Lennar Multifamily has filed for building permits for a 33-story tower at 1640 Broadway in downtown Oakland, moving forward with potentially the city’s first new tower in eight years.Lennar acquired the site from developerJoe Hernon, who had envisioned a project on the site back in 2000. Todd Vitzthum of Cushman & Wakefield brokered the land deal.
Washington Capital Funds $32MM Industrial Development in Sonoma County
The Registry, May 5 The San Francisco office of Washington Capital Management is the major funding source for the 20-acre Victory Station industrial development project located at 8th Street East and Highway 12 in Sonoma county, according to sources familiar with the development. The leasing efforts on the development will be done by Cushman & Wakefield, and one of the listing agents is Steve Leonard, a senior vice president in the company’s Larkspur office
As venture capital dries up, tech start-ups discover frugality
Los Angeles Times, May 1 As investor sentiment in the tech industry cools, start-ups are facing a new reality. Cushman & Wakefield’s San Francisco market leader J.D. Lumpkin said that tech start-ups are starting to make “scrappier, more responsible real estate decisions” to avoid spending huge amounts of money on a lease. Robert Sammons is quoted.
Scotts Valley’s old Borland campus lands huge new tenant
Silicon Valley Business Journal, May 2
UC Santa Cruz recently signed a 20-year lease to occupy nearly 130,000 square feet at Enterprise Tech Center, the sprawling Scotts Valley campus that was constructed in 1993 for the once-high-flying database software company. The new owner hired veteran broker Drew Arvay of Cushman & Wakefield to market the property.