Bascom Northwest Ventures Acquires 260-Unit Class-A Apartment Community in Denver, Colorado for $90,500,000

1000 South Broadway Apartments SAN FRANCISCO, Oct. 24, 2019 /PRNewswire/ -- Bascom Northwest Ventures, LLC ("Bascom Northwest") has acquired 1000 South Broadway Apartments ("1000 South Broadway"), a 260-unit Class-A infill apartment community located in the dynamic city of Denver, Colorado at 1000 South Broadway, Denver, Colorado.  The $90.5 million acquisition ($348,076/unit) closed on October 18, 2019.  Terry Daly of Cushman & Wakefield ("CW") arranged the $54.50 million loan with Wells Fargo Bank.   The property management team will be Avenue 5 Residential. The property was purchased with investment proceeds derived from the sale of a successful 15-year investment in an urban infill property in Bellevue, Washington. Built in 2015, 1000 South Broadway is located in Wash Park with convenient proximity to Denver's major retail, restaurant and employment centers. With short access to the Broadway Station light rail, residents benefit from excellent accessibility to Denver's largest employment centers in the Central Business District and the Denver Tech Center, where companies such as DaVita, Arrow Electronics, [...]

Kristina Wollan Joins Cushman & Wakefield as Managing Director, Investor Services

SAN FRANCISCO, Calif., October 29, 2019 – Cushman & Wakefield announced today that Kristina Wollan has joined the firm as Managing Director, Investor Services, based in San Francisco. In her new role, Wollan will be charged with ensuring the firm’s largest clients receive the highest level of client service, advisory and customized solutions across the entire platform of services, including capital markets, agency leasing, property management, valuation and advisory and construction management. “Kristina brings great experience in working closely with clients to understand their business priorities, challenges and opportunities. She will play a key role in delivering clients an integrated investor services solution, customized to maximize the value of their real estate portfolio,” said Carlo Barel di Sant’Albano, Cushman & Wakefield Chief Executive, Global Capital Markets and Investor Services. Added Wollan, “Cushman & Wakefield has built a client-first Investor Services and Capital Markets platform that is unrivaled in our industry. [...]

TMG Partners Announces Next Generation Office Tower To Rise In Uptown Oakland

Telegraph Tower to Deliver 875,000 Square Feet of Workspace  with Outdoor Decks on all Floors in Transit-Rich Location Telegraph Tower OAKLAND, Calif. - (October 10, 2019) –TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, has begun leasing efforts for Telegraph Tower, a fully-entitled, next generation office development at 2200 Telegraph Avenue, which is at the corner of Telegraph and West Grand Avenues in the heart of the Oakland’s Uptown neighborhood. Groundbreaking for the tower is slated for mid-2020. “TMG Partners’ Telegraph Tower is a stunning workplace that offers the Bay Area’s best commute to the companies lucky enough to call Oakland home,” said Oakland Mayor Libby Schaaf. “I am proud to have TMG supporting the future of Uptown as they develop exceptional, needed product in our ever-burgeoning city.” The 875,000 square-foot building, designed by Solomon Cordwell Buenz Architects, offers up to 37,000 square-foot floorplates [...]

Cushman & Wakefield Promotes Sandra Boyle to West Region Lead for Asset Services

Accomplished Professional Brings over 30 Years Experience to Lead Role with Firm SAN FRANCISCO, Calif., October 2, 2019 – Cushman & Wakefield announced today the firm has appointed Sandra Boyle, CPM, LEED AP to the role of West Region Lead for Asset Services. Based in San Francisco, Sandra possesses more than 30 years of experience in commercial real estate with exceptional expertise in asset and portfolio management, project management and ground-up development. In her new leadership role within Cushman & Wakefield, Sandra will be responsible for growing the firm’s Asset Services portfolio in the West Region with a focus on client care, team engagement, developing best practices and talent recruitment. Her territorial responsibility includes the states of California, Oregon, Washington, Nevada, Arizona, Utah, Colorado, and Texas. Sandra joined Cushman & Wakefield in 2011 as Director of Asset Services and soon thereafter moved into the Chief Operating Officer role for San Francisco. [...]

Big Tech Moves Into Oakland while Construction Pipeline Swells

Cushman & Wakefield Releases Q2 Report for East Bay Oakland Office Market OAKLAND, Calif., July 23, 2019 – Cushman & Wakefield’s research department has released their second quarter 2019 market report for the East Bay Oakland office market. Below are the key findings from this report plus local expert commentary: VACANCY AND OCCUPANCY GROWTH BOTH ON UPSWING Vacancy in the East Bay Oakland office market was 10.5% at mid-year 2019, up modestly from a year ago, largely due to the new delivery of the 244,000-square-foot (sf) 2150 Webster building, that is unleased. Vacancy in the Oakland CBD was 10.3%, its first time above 10% in nearly five years. Keith Reichert, lead research analyst for Cushman & Wakefield’s Oakland office, said, “Despite a modest rise in vacancy, occupancy has increased by a significant 443,600 sf over the past year market wide, with the second quarter of 2019 achieving more than 200,000 [...]

Woodstock Development Acquires One Bay in Burlingame, Calif. – Cushman & Wakefield Retained for Leasing Services

BURLINGAME, Calif., July 1, 2019 – Woodstock Development is pleased to announce the acquisition of One Bay in Burlingame, California. Located at 1350 Bayshore Highway, the nine-story building is approximately 196,000 square feet of Class A office space situated on 4.75 acres along the waterfront of the San Francisco Bay. The property was acquired from New York Life Real Estate Investors and Harvest Properties. Headquartered in downtown Burlingame, Woodstock Development has been active in the Peninsula and East Bay Office and Life Science markets for over 25 years. “One Bay has historically enjoyed a strong presence in the northern and mid-Peninsula markets,” said Woodstock Development’s President Kirk Syme. “The building features a timeless design while offering unobstructed panoramic Bay views that stretch as far as downtown San Francisco and across to the East Bay, and south along the Peninsula.” One Bay currently offers a 10-minute shuttle service to the BART [...]

Cushman & Wakefield Providing Bank of the West with Integrated Facilities Management Services in the U.S.

Cushman & Wakefield Global Occupier Services Delivering Integrated Facilities Management Services for Bank of the West's 3.7 MSF Retail Branch Portfolio SAN FRANCISCO, Calif., May 29, 2019 – Cushman & Wakefield (NYSE: CWK) has announced the firm has been hired to provide Bank of the West with Integrated Facilities Management services across Bank of the West’s 3.7 million-square-foot U.S. retail branch portfolio. Executive Vice President Sean Prasad led the process for Cushman & Wakefield. Executive Managing Director Martin Woodrow, Senior Managing Director Tim Eichholz and Account Manager Jack Devoy of the firm will lead a Global Occupier Services (GOS) team providing Bank of the West with Facilities Management and Mobile Engineering services. Cushman & Wakefield’s GOS team will be utilizing its Portfolio Services Center (PSC) to support over 600 locations for Bank of the West. Comprised of 700+ professionals, the PSC provides clients with centralized Strategic Consulting, Transaction Management, Portfolio [...]

East Bay Oakland Office Market Awaits Arrival of Large Tech and New Construction to Fuel Growth

Market's 2019 Investment Sales Pricing Reaches New Heights Oakland, Calif., May 1, 2019 – The East Bay Oakland office market may have got off to a slow start in 2019, with virtually no growth and moderate leasing activity, but significant growth, driven primarily by in-migration from major tech users, awaits just on the horizon, according to Cushman & Wakefield’s new Q1 2019 market report. Meanwhile, rental rates continue to climb overall, led by rates in the region’s CBD areas, while investment sales pricing continues to reach new heights. Despite the sluggish start, the firm’s local experts maintain a highly positive outlook for the region, as a result of new tech activity plus housing opportunities. Keith Reichert, local Research Analyst with Cushman & Wakefield in Oakland, said, “Office vacancy for the East Bay Oakland market remains healthy at 9.5%, essentially unchanged from the previous quarter, while gross leasing activity totaled just [...]

Knotel Expands in San Francisco with 52,285 SF Multi-Floor Lease at 455 Market Street

SAN FRANCISCO, Calif., April 24, 2019 – Cushman & Wakefield announced today that Knotel, a flexible workspace provider, has signed a new lease for 52,285 square feet of office space at 455 Market Street in San Francisco’s Financial District. The company will operate the 7th and 8th floors of the 23-story, Class A office and retail complex located in the heart of downtown San Francisco on the famous city thoroughfare, Market Street. Cushman & Wakefield’s John Walsh and David Duble represented the landlord in the transaction. Walsh said, “We are very excited to have Knotel as a new tenant in the building.” In a public statement, Amol Sarva, CEO of Knotel, commented, “San Francisco is our second largest market, so it’s unsurprising that we already have the most locations in town for flexible office. However, given the competitive office market and high cost of doing business, we will continue to [...]

Napa Square Introduces ‘Executive Suite’ Concept to Napa Valley – Cushman & Wakefield Heads Project Leasing Effort

Cushman & Wakefield Heads Project Leasing Effort, Foresees Success of Executive Suite Concept Ahead NAPA, Calif., March 25, 2019 – Cushman & Wakefield announced today that Napa Square, a premier office building located at 1455 First Street in downtown Napa, has introduced a brand new executive suite concept to the marketplace. Situated on the second floor of the 3-story building, the new offices are being offered to individuals or groups on a monthly or longer-term rental basis. Cushman & Wakefield’s Margaret Duskin and Bo Harkins are heading the leasing efforts for the property which is positioned in one of the world’s most popular wine and culinary destinations. Duskin said, “Our executive workspaces offer entrepreneurs, employees and employers alike greater flexibility, connectivity, and convenience both in terms of location and function.” She added, “Major nearby corporate hubs like San Francisco and Oakland already have extensive executive suites, and coworking concepts (such [...]