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Cushman & Wakefield appointed to lease new development at prized corner location – 300 Grant Ave, Union Square, San Francisco

SAN FRANCISCO, Ca., May 10, 2018 – Cushman & Wakefield has been appointed by A-Z 300 Grant LLC as retail leasing brokerage for 300 Grant Ave, Union Square – approximately a 70,000 square feet development project that will begin construction this week with plans for delivery Fall 2019 with opening Spring 2020. Cushman & Wakefield’s Vice Chairman, Kazuko Morgan, Senior Managing Director, Pam Mendelsohn, and Managing Director, Rhonda Diaz, will be the Landlord’s Retail Leasing representatives. The new ground up development will consist of six floors, with retail on the first three floors and Class A creative office space on the upper levels and is located in the heart of the Union Square shopping district amidst luxury brands Harry Winston, Dior, Valentino, and Cartier all of whom occupy corner locations. The site is also across the street from Banana Republic’s global flagship store; also a corner location. Ms. Morgan said the [...]

2018-05-14T11:45:45-07:00May 14th, 2018|Categories: In the News|0 Comments

Cybersecurity: A Major Capital Opportunity

SAN FRANCISCO, Ca., April 25, 2018 – A new report released by Cushman & Wakefield explores the rapid growth of cybercrime, the response of the cybersecurity industry and its impact on commercial real estate, especially in key technology and finance markets such as the San Francisco Bay Area, Washington, DC, New York and Austin, Texas. The number and presence of cybersecurity firms in the Americas continues to increase from year-to-year and San Francisco Bay Area leads the pack, according to the report Cybersecurity: A Major Capital Opportunity. The San Francisco Bay Area assumed no. 1 spot in the top 10 markets by new leases, including VC funding and job listings in 2017. In the Bay Area alone; 830, 469 commercial real estate square footage was leased, more than $1.65Bn in VC funding was administered and 13, 567 job openings were listed for this sector. The total national spend on cybersecurity [...]

2018-04-27T10:16:03-07:00April 27th, 2018|Categories: In the News|0 Comments

Cushman & Wakefield Leads in the Workplace Evolution with an Oakland Office & Workforce Housing Development

OAKLAND, Ca., February 28, 2018 – Cushman & Wakefield has announced it was awarded the exclusive marketing agency to sell, lease or joint venture a large site in downtown Oakland. The property, currently a parking facility, has been owned since 1945 by the locally-based Borsuk/Siegel family. It is comprised of two parcels 1439-43 Alice Street and 1434 Harrison Street totaling approximately 24,000sf. Cushman & Wakefield’s Palo Alto-based Executive Managing Director, David Klein, Esq. SIOR LEED AP said, “We are proud to share the family’s vision in offering the first project in Oakland (perhaps anywhere) to combine office and workforce housing in a single vertical development.” Oakland’s current zoning permits approximately 145,000sf for office space, up to 164 residential units, a childcare facility and does not require on-site parking for redevelopment. Mr. Klein said, “The property’s development as an office/workforce housing atelier meets the ever-growing need for employees to have convenient public [...]

2018-02-28T16:14:34-08:00February 28th, 2018|Categories: In the News|0 Comments

Cushman & Wakefield Sells Two Northern California Shopping Centers

SAN FRANCISCO, Ca., January 23, 2018 – Cushman & Wakefield announced today the sale of two significant multi-tenant retail investment properties. Completed in December 2017, by the San Francisco-based Retail Investment Advisors Team led by Executive Managing Directors, Dan Wald and Don LeBuhn, the sales represented a combined value of over $47 million in consideration. In the first transaction, Wald and LeBuhn represented SPI Holdings as its exclusive agent in the sale of the 49,990 square foot TJ Maxx-Staples center located on Cleveland Road in Santa Rosa, California, adjacent to the Coddington Mall. Though not a part of the offering, the center also featured Orchard Supply Hardware. The buyer was a private capital partnership in a 1031 exchange and utilized Terry Daly of Cushman & Wakefield Debt and Structured Finance Group to secure acquisition financing. In the second transaction, Wald and LeBuhn, were the exclusive agents for the local property [...]

2018-01-25T16:32:55-08:00January 25th, 2018|Categories: In the News|0 Comments

Industrial Site 100% Leased Sells in Prized Bay Area Location

OAKLAND, Ca., December 22, 2017 – Cushman & Wakefield announced today the sale of a business complex located at 25858 Clawiter Road in Hayward - a 195,000 square foot industrial site on a parcel of 9.59 acres consisting of three buildings, one a manufacturing building and the other two equipment rental/distribution buildings. The site also includes a large secured yard. Cushman & Wakefield’s Managing Director, Kate Woodcox, represented the buyer, CenterPoint Properties, and Dan Bergen from Colliers International and Richard Sutherland from The Sutherland Company represented the seller, Thomas Kewell from Clawiter Associates LLC. Clawiter Associates LLC has owned the property for more than 50 years. The project is 100 percent leased, two prominent tenants include Goodyear Tires and The Companion Group, Inc., and the site is in a high value location – along Highway 92 at the base of the San Mateo Bridge approach with excellent freeway access, centrally [...]

2018-01-04T11:30:20-08:00January 4th, 2018|Categories: In the News|0 Comments

Union Square, San Francisco, ranked no. 3 in Americas’ Most Expensive Retail Locations

San Francisco holds firm at no. 3 spot from last year – New York’s 5th Ave takes first place, LA’s Rodeo Drive no. 2 as highest retail rents in Americas SAN FRANCISCO, Calif. November 14, 2017 – Cushman & Wakefield has announced the 29th edition of its global flagship report, ‘Main Streets across the World’, and within the Americas – San Francisco’s Union Square is listed as the third most expensive location. The report tracks 451 of the top retail streets around the globe, ranking the most expensive in 68 countries by their prime rental value and enabling an analysis of trends in retail real estate performance. The top-five global city locations include: 1. New York’s 5th Avenue (49th – 60th Streets); 2. Hong Kong’s Causeway Bay; 3. London’s New Bond Street; 4. Milan’s Via Montenapoleone; and 5. Paris’ Avenue des Champs Elysees. In the Americas, the list’s top five [...]

2017-11-28T11:06:48-08:00November 28th, 2017|Categories: In the News|0 Comments

Cushman & Wakefield Represents Seller in Sale of $6.8 Million Office Building in Jack London, Oakland

  The Cushman & Wakefield Oakland team of John Dolby, Dane Hooks and Jay Hagglund represented the seller of 100 Webster in Jack London Square to the San Francisco-based advertising firm H&L Partners. The three story office building sold for $6.8 million which is close to $400 psf, a new high watermark for the Jack London submarket during this last real estate cycle. The 17,500 square foot building will serve as the new headquarters for the ad agency and the home of approximately 60 employees. H&L Partners has been a successful ad agency for over twenty five years. According to Dane Hooks: “I believe this is a part of an ongoing trend here in Oakland, as a number of high profile creative users have either relocated their offices across the Bay, or are considering making such a move. This really speaks to the attraction creatives have for Oakland, where [...]

2017-10-27T11:50:59-07:00October 27th, 2017|Categories: In the News|Tags: , , , , |0 Comments

Cushman & Wakefield to Manage Leasing & Property Management Services for 150 Post Street

  Madison Capital Hires Cushman & Wakefield Earlier this summer, Cushman & Wakefield’s San Francisco was officially hired by Madison Capital to handle retail leasing, office leasing and property management for 150 Post Street, a 110,000 sf commercial office building located one block east of Union Square in the Financial District of San Francisco. Madison Capital acquired 150 Post Street through a joint venture in August 2017.  The building was previously owned by a real estate investment trust for approximately 20 years. 150 Post Street includes 16,800 sf of retail space that is currently available for lease. The remainder of the building’s retail space is occupied by Shreve & Company. The tenant relocated to 150 Post Street earlier this year. According to Retail Vice Chairman Kazuko Morgan, ­­“This prominent assignment means a great deal to Cushman & Wakefield.  We are thrilled about the new ownership’s plan for the building, [...]

2017-09-28T13:20:19-07:00September 24th, 2017|Categories: In the News|0 Comments

David Bitner in the News – REITS Popular in Singapore

Is Singapore the Answer to Keeping Foreign Buyers Invested in U.S. Assets? Beth Mattson-Teig KBS Realty Advisors made headlines earlier this month with news that it was reportedly looking to bring an IPO of U.S. properties to the Singapore Exchange (SGX). That potential deal highlights a convergence of trends—notably, that U.S. companies are evolving investment vehicles to make it easier for foreign capital to invest in U.S. real estate, and that Singapore is emerging as a major player in the global REIT market. The SGX currently has more than 40 listed REITs and it is a melting pot of assets from countries throughout Asia, as well as Australia, the U.K. and the United States. The 2016 IPO of Manulife US REIT represented the first—and so far only—REIT backed by U.S. assets to list on the exchange. Manulife US REIT contains three office assets, including Figueroa in Los Angeles, Michelson [...]

2017-09-25T10:49:25-07:00September 20th, 2017|Categories: In the News|0 Comments

6X6 Retail Development in the News

By Katie Burke A developer has cut the cord on plans for a 105-room hotel in Mid-Market at 1236 Market St. After proposing an additional six stories for t he former two-story gym earlier this year, developer 1234 Market Street LLC sold the property in late August to a local nonprofit. The hotel would have joined a handful of others proposed for the downtown area. The Proper Hotel at 1100 Market St. opened earlier this month with a rooftop bar, three dining areas and rooms starting at $400 a night. The 200-room Yotel will make its debut later this fall at 1095 Market St. A 160-room hotel has been proposed across the street at 1055 Market St., just up the street from another 160-room hotel proposal at 1125 Market St. Momentum throughout Mid-Market has been building up in recent years as a host of residential, retail and hospitality proposals have joined the [...]

2017-09-25T10:22:43-07:00September 17th, 2017|Categories: In the News|0 Comments