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Office Sales Seen to be Starting Strong and Here’s Why

Source: bizjournals.com | Re-Post MNM Partners, LLC 2/18/2019 –

In the first six weeks of 2019, San Francisco has seen about $1.1 billion worth of office properties sold off or in contract to sell to hungry buyers. That’s not counting …

Sobrato Moves Forward with Broadway Plaza Project in Redwood City

Source: bizjournals.com | Re-Post MNM Partners, LLC 12/21/2018 –

One of the Peninsula’s busiest developers, the Sobrato Organization, is moving forward with a 15.3-acre project in Redwood City that promises to bring 520 homes and 420,000 square feet of office.…

First Redwood City Hotel In 15 Years To Open Its Doors

Source bizjournals.com | Re-Post MNM Partners, LLC 12/19/2016 –

Redwood City’s first new hotel to rise since the dot-com bust will open its doors mid-January.

Developed by OTO Development, the 177-room Courtyard Marriott at 600 Bair Island Road is part …

New Units Don’t Put Damper on Second-Quarter Apartment Rents

Despite hundreds of new apartments coming online, rents continued to zoom upward in the second quarter and are now exceeding rents achieved in the first dot-com boom when adjusted for inflation.

Asking rent for a one-bedroom apartment in San Mateo …

Median S.F. Home Price Hits A Record $1.15M And Sales Slip (Again)

Recorded sales activity for single-family homes and condos in San Francisco slipped 1.4 percent in May and is currently running 6.1 percent lower on a year-over-year basis, versus 5.6 percent lower last month. Sales activity in San Francisco typically increase …

San Jose is Blowing Past Other Bay Area Cities. Here’s Why.

Job growth in San Jose is now growing at an annual pace of 6%—the best in the nation for large metro areas and faster than the San Francisco-Oakland-Hayward Region (3.4%), according to the Bureau of Labor Statistics. Here’s what you …

NetSuite, GoPro Go Big in San Mateo

Two of San Mateo’s biggest employers signed lease expansions this month to grow by nearly 50,000 square feet each to stay in the city.

Software giant NetSuite (NYSE:N) and wearable camera maker GoPro (NASDAQ: GPRO) will each expand by about …

Multifamily Rent Growth Accelerates

SANTA BARBARA, CA—The multifamily sector evidently hasn’t gotten the memo that growth in fundamentals is supposed to be on the verge of losing steam. Yardi’s latest Matrix Monthly report says that average rents hit a record high of $1,150/month …

Low Vacancy, High Demand is the Theme for Bay Area Leasing

Low vacancies and high demand dominated the discussion at The Registry’s Mid-Year Broker Forum earlier this month, where several of the Bay Area’s top leasing and investment brokers spoke on the state of the commercial real estate market.

For Nick …

San Francisco Office Subleasing Climbs But Bubble Talk is Premature

Bay Area real estate has sustained a hot streak for a while now, so it is tempting to cry bubble at any sign that the market is headed toward a boom-and-bust scenario akin to the dot-com era at around the …

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