Cushman & Wakefield Arranges Sale of Holiday Inn Express, Mill Valley, CA

Highest Per Key Price for a Holiday Inn Express Outside of New York City Cushman & Wakefield today announced that it represented ARE WCP MILL VALLEY HOTEL, LLC., in the previously announced sale of The Holiday Inn Express Mill Valley hotel, located in Marin County, just seven miles north of San Francisco. The buyer was a privately owned company based in Northern California. The transaction marked the highest per key price for a Holiday Inn Express branded hotel, outside of New York City. Central Bay Area Location Situated in one of the nation’s most vibrant, coveted and picturesque lodging markets, The Holiday Inn Express Mill Valley features many resort-style amenities. The hotel is located in immediate proximity to some of California’s most iconic attractions, including the Golden Gate Bridge, Muir Woods, Mt. Tamalpais and Sausalito. It is also positioned in the heart of The Bay Area’s most prosperous corporate demand [...]

C&W Marketbeat Office Snapshot – Q2

By Robert Sammons Research Director, Northern California Economic Overview Private sector jobs for San Francisco have climbed to a record high of 922,500 as of May 2015, an increase of 39,400 (4.5%) year-over-year. The traditional office divisions recorded an increase of 25,200 positions or 6.9% over that same time period. Not surprisingly, the strongest subsector in office employment has been computer systems design & related services, which climbed by 10,000 positions or 18.2% to 64,800 year-over-year. The unemployment rate tumbled to 3.4% from 4.1% one year ago. Sublease Vacancy Up/ Leasing Activity Down The overall vacancy rate Citywide held steady at 6.4% in the second quarter. Year-over-year, vacancy has dropped 250 basis points (bps) from 8.9%. We feel the disparity between strong job growth and recent flat vacancy is due to two reasons - tenants that signed leases ahead of hiring and are now in the process of absorbing that [...]

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 [...]