The Electric Goats of Sausalito

  Environmentally Friendly Blogging This week's blog post is only marginally related to Cushman & Wakefield and the commercial real estate industry. However, I believe there are many businesses and service lines with close ties to our industry who may put this article's information to practical use. I recently learned of an ingenious and environmentally friendly service that Bay Area real estate developers, golf courses, property landlords, schools, homeowners, municipalities, construction companies or unmotivated, suburban husbands may find quite interesting - and fascinating. As a longtime blogger, I have also discovered that the most successful blogs tend to combine targeted business niche stories with local human interest stories. Hopefully the humans who find this story interesting will also be fond of goats. A Herd in the Distance I was peering out of the window of my Marin County apartment recently and noticed a group of smallish, furry animals about [...]

Collective Health Moves HQ From San Mateo to San Francisco

by Mike Kirner How To Liven Up Your Lobby: "Welcome to Our Living Wall" Story by The Registry Collective Health Leases Entire 85 Bluxome Street Building Late last month, Collective Health, an enterprise health insurance software provider secured $81 million series C funding and moved quickly to secure a new home in San Francisco. According to sources with knowledge of the transaction, the new home has been confirmed at 85 Bluxome Street in San Francisco, in the city’s burgeoning Central SoMa district. The Registry was the first to break the news of the lease when they interviewed Cyrus Sanandaji, principal of Bluxome Partners, the developer. At the time, Sanandaji could only confirm that the tenant will be a healthcare company and that the building is fully leased. His firm has most recently been behind the successful redevelopment and leasing of 1045 Bryant Street, a brick [...]

Social Stratosphere Update: In the News – September, 2015

By Mike Kirner Happy 161st Birthday, Oscar October 16th was the birthday of my favorite Victorian poet, dramatist and playwright, Oscar Wilde. If you've never heard of him, he was alive and making news headlines long before Trump, Tom Brady, Mark Zuckerberg, Jayzee, most of the Kardashians ....or even Hillary Clinton. I'm pretty sure he rarely used Facebook, text messaging and he secretly loathed social platforms like LinkedIn and twitter. Back then, requesting an Uber ride meant telling your butler to fetch a horse and carriage. Believe it or not, trendy and collaborative commercial real estate professionals like us used to write each other handwritten notes instead of blogging or blasting out email blasts like this. Oscar Fingal O'Flahertie Wills Wilde (16 October 1854 – 30 November 1900) was an Irish author, dramatist and extremely popular playwright.  After writing in different forms throughout the 1880s, he became one of London's most [...]

C&W Northern California In the News – June, 2015

Contained herein is a collection of news media mentions for Cushman & Wakefield's Northern California region. Stories include transactions secured by several of our brokers and updates on new projects.  The media also frequently publishes data that our team has provided via research reports. June news stories featured  George Eckard, Grant Lammersen, Jeff Cushman, Mark Andersen, Kris Kolmbach, David Scanlon, Kevin Lynch, Elaine Sahlins (Welcome to our Team, Elaine!), Ron Thomas, Reza Musavi, Dave Young and Bob Kraynak. Blog comments included remarks from Laura Duffy, Diana Harms, Victoria Garcia, Pei Hua Wang, Michelle Reyes and Stefanie Hasten.          Buchanan Street Partners Spends $25 Million on Marin Office Property rentv.com, June 30 Buchanan Street Partners has acquired Rowland Plaza, a 143.4k sf office project in the Marin County city of Novato. The property was sold by a joint venture between Barker Pacific Group and Rockwood Capital for $24.9 mil ($174/sf). Grant Lammersen and George [...]

“Eclectic Gem Property” Available in Oakland

  Eclectic Gem Property: An Architect's Dream Come True Several times a year, cushwakesanfranciso features an eclectic, interesting property ideally suited for a unique type of use. This month, 1433 Webster in Oakland, CA is the featured building. According to Associate Director Bart Damner of Cushman & Wakefield's San Francisco office, "Every once in a while you see a property or building that is a perfect fit for a very particular type of client. From the outside, it's clearly not the world's most beautiful building. However, the potential to convert this former parking garage into a vibrant, modern architect's or engineers office is clearly evident." Executive Director Ryan Hattersley of C&W's Oakland office also speaks enthusiastically about this property: "This Building has great potential and is ideally suited for a creative/open plan user that will take advantage of the high ceilings and let the light from the front of the building and skylights flow [...]

NRG Energy Signs Largest Lease North of Market Street This Year

By Cory Weinberg   Power company NRG Energy inked the largest lease north of Market Street this year, taking 51,530 square feet at 100 California St,, landlord Pembroke Real Estate said Monday. In San Francisco overall, the lease is the ninth-largest in San Francisco this year – far behind six-figure leases inked in the South Financial District and South of Market by Uber, Docusign and Lending Club, according to data compiled by Cushman & Wakefield. The energy giant will consolidate parts of the company from Marin County, San Francisco’s South of Market neighborhood and Emeryville into the 55-year-old 100 California office building in November. The company had already moved a cadre of formerly Marin County-based employees into subleased space on the seventh floor of the building. “They wanted great access to public transportation and a great location,” said Mark Anderson, a broker for Cushman & Wakefield who represented NRG. “They’re [...]

C&W In The News – May 2015

Smelling the Social Media Coffee "Smelling the Social Media Coffee" is a state of being that refers to individuals who regularly participate and interact with one or several of the social platforms that are part of today's social stratosphere. Their participation is often rewarded by news mentions in local and national press. Of course not everyone has time to consistently engage with social platforms, but it's a good idea to set aside at least 15 to 30 minutes per week to become more familiar with some of the more popular, business related online vehicles. Bold & Extra Bold: LinkedIn & Twitter LinkedIn and twitter are two of the most established and easiest to engage with on a consistent basis. Contributing to blog posts by writing articles and commenting on stories is also a good idea. In the long run, it establishes you as an "expert in your field" and helps build [...]

Wall Street Journal: City Living Lures Technology Firms

The Google building on 8th Ave in Manhattan. Photo: Preston Gannaway, WSJ   The Eschewing of Suburbia An interesting article recently appeared in the Wall Street Journal. Written by Eliot Brown, the story is one whose premise is not unfamiliar: Millennials continue to change the employment landscape of American cities and tech companies are leading the way in accommodating them. According to the article, especially technology companies are "eschewing suburban campuses for clusters in cities." Google in particular, is snatching up CBD office space voraciously and many of the other tech players are promptly following their lead. Urban campuses, filled with sweatshirt and jean wearing young professionals are likely to become more mainstream. Among other commercial real estate professionals, The Wall Street Journal interviewed Cushman's Executive Director J.D. Lumpkin, who advises landlords and tenants on office space in San Francisco. Lumpkin said tech companies want buildings clustered to [...]

Cushman & Wakefield Advises TIBCO Software in Biggest Sale in Palo Alto History

Stanford Research Park Campus Sells for Record Price Cushman & Wakefield's San Francisco offices recently announced that it closed on the sale-leaseback of a 292,000-square foot office / R&D campus located at 3301-3307 Hillview Avenue in Palo Alto’s Stanford Research Park. Morgan Stanley’s Prime Property Fund purchased the property in what was the largest sale transaction in Palo Alto history. Universally recognized as the birthplace of Silicon Valley, Stanford Research maintains a world-renowned reputation for an unparalleled tenant base including the most innovative technology companies as well as many of the top law and financial services firms. TIBCO Software Cushman & Wakefield marketed the property on behalf of TIBCO Software Inc., a global leader in infrastructure and business intelligence software.  Simultaneously with the closing of the sale, TIBCO signed a long term leaseback agreement with the new owner. As a definite sign of the times, the record price paid illustrates [...]

Facebook Likes Menlo Park

By Sethena Leiker Data Center Specialist Senior Analyst – Specialty Practice Groups Research Growing Like Geng Busters Facebook’s humble beginnings are similar to many Silicon Valley startups.  The company's very first offices were located in a modest 3,000-sf class B office space on Geng Road in East Palo Alto. With a robust network of venture capitalists and a deep talent pool stocked with Stanford graduates, Palo Alto was an ideal trophy location to maximize success potential. Doubling Down For years, the city of Palo Alto has enjoyed a reputation for nurturing young companies such as Google, Pinterest, Intuit and many others, and subsequently watching them take an accelerated rate of growth just outside its city limits. And Facebook did just that. After growing to 500,000 sf in Palo Alto, Facebook doubled down in Menlo Park in February of 2011, through a 1,022,000-sf acquisition of the Sun-Oracle campus for $81M. The very [...]