Satellite Housing keeps busy with $58 million Oakland investment

 

By Blanca Torres – Reporter-San Francisco Business Times

Satellite Affordable Housing Associates plans to break ground this month on the $33 million, 92-unit Lakeside Senior Apartments at Second Avenue and E. 15th Street in Oakland. Satellite partnered with Oakland Housing Initiatives and the Oakland Housing Authority on the project.

The property, designed by David Baker + Partners, will include one-bedroom apartments. The contractor on the project is James E. Roberts Obayashi Corp.

Satellite also recently upgraded five of its senior communities, totaling about $25 million for 350 units. The properties include four in Oakland: Satellite Central, Park Boulevard Manor, Doh On Yuen, and Glen Brook Terrace, as well as one in Berkeley, Stuart Pratt Manor.

The rehab included improving the common areas, systems and façades and was designed by Anne Phillips Architecture. Construction was done by a joint venture between D&H Construction and BBI Construction.

Coldwell HQ to Concord

Coldwell Banker’s Northern California headquarters for residential real estate is moving from Bishop Ranch in San Ramon to a 16,000-square-foot space in Concord Gateway, a 600,000-square-foot office complex at 1855 Gateway Blvd. in Concord.

Moving to Concord brings the office closer to employees who live in eastern Contra Costa County, the company said. Negotiations between Coldwell Banker and landlord Sierra Pacific Properties took about a year.

“Bishop Ranch also fought hard to keep its tenant,” said Scott Ellis, a Transwestern broker who represented the landlord. “But Sierra Pacific Properties patiently worked through several different proposals to allow Coldwell Banker to build space in a new location. This deal is a big victory for Concord Gateway.”

Sierra Pacific, a Bay Area developer, built Concord Gateway, a two-building, 10-story office complex, about 25 years ago. Trigger Reital and Terry Vani, both of Transwestern, also worked on the deal. Kirk Beebe of CBRE represented Coldwell Banker.

Company grows fivefold

Restoration Management Co., a fire and property damage restoration company, bought a 155,000-square-foot industrial complex at 4120-4142 Point Eden Way in Hayward to house the firm’s headquarters.

The company, founded in 1985, plans to move from its previous, 32,000-square-foot space in Union City.

Jesse Lucas of Lee & Associates in Oakland represented Restoration Management.Thomas Signorelli of Westgate Advisors arranged financing for the buyer.

 

Original Source

Hayes Valley Condo Project Breaks Ground – Costar Group

Written by Randyl Drummer (rdrummer@costar.com)
May 08, 2013


Hayes Valley Condo Project Breaks Ground
News: Regional

Project Represents Key Movement Forward for Land That Once Languished In Freeway’s
Shadow

DM Development Partners, LLC and New York-based DDG have begun construction on 8 Octavia, a 47-
unit condominium project at Octavia and Market streets.

After stops and starts due to the recession, Octavia Street at the foot of Market Street has resumed a
transformation that began when the earthquake-damaged Central Freeway was torn down in 2002.

“8 Octavia is another vital cornerstone of the Market-Octavia plan, and will be an integral asset to one of
our most vibrant neighborhoods,” said San Francisco Mayor Ed Lee. “I’m thrilled to see it under way.”

The project by Stanley Saitowitz-Natoma Architects is designed to be a new gateway to the Hayes Valley
neighborhood.

Floor plans include a pod concept which maximizes living space by containing the kitchen, bath and
washer/dryer within a single module. A flex space floor plan can be portioned into multiple rooms with
movable panels. The project will include keyless entry via smartphones and user-controlled louvers to
modulate heat and privacy.

DDG and DM Development plan to follow up 8 Octavia with joint-venture projects at 400 Grove St. and
450 Hayes St., says Chris Prokop, DDG chief operating officer.

San Francisco Leasing Slows Amid Office Boom

Date: Tuesday, May 14, 2013, Dan Levy, Reporter – Bloomberg
Recent expansion of tech companies spurred a surge in office rent, putting San Francisco at the top of U.S. office market. Consequently, new development around the Bay Area is set to add 6.5 million square feet of office space. However, leasing is now falling in the City as costs rise and companies examine their needs.

Original Source

Apple to Open New Store in Union Square

Date: Thursday, May 16, 2013, Caleb Garling, Reporter – SFGate
Apple has submitted plans to open a new retail store on Union Square, replacing its nine-year-old store at Stockton and Ellis streets a few blocks away. The new outlet will occupy the space at Stockton and Post streets formerly occupied by Levi’s and be about 45 percent larger than the existing space.

Original Source

Apple’s new Union Square store

Hipsters Head North to FiDi

Date: Friday, May 10, 2013, J.K. Dineen, Reporter – San Francisco Business Times

With technology-friendly renovations, 550 Kearny Street has broken down “the barriers, the idea that hipsters only go to SoMa.” The 10-
story asset has managed to lure two growing tech companies: Weather Underground and iCrossing. The building is currently 100-percent
leased.

Original Source

California Commercial Building Owners Must Comply With New Energy Use Disclosure Rules Commencing July 1, 2013

California Commercial Building Owners Must Comply With New Energy Use Disclosure Rules Commencing July 1, 2013

By Pamela Westhoff and Lydia Lake

What you need to know:

The long-awaited energy use disclosure requirements, first enacted as AB 1103 (Saldana) in 2007 (codified as California Public Resources Code, §25402.10), are finally effective. Commencing July 1, 2013, owners of commercial, non-residential buildings in excess of 50,000 square feet will be required to track and disclose detailed information regarding energy consumption at each building. The reporting requirements will be extended to buildings in excess of 10,000 square feet commencing on January 1, 2014; and to buildings in excess of 5,000 square feet on July 1, 2014.

Initially, official disclosure is required only in connection with the following events: (i) sale of the building, (ii) leasing the entire building, or (iii) financing the entire building. In order to comply, you must disclose the energy usage for the building within 24 hours of execution of a lease or sale agreement or upon submittal of a loan application, as applicable.

The required disclosures include the following documents, forms of which are available on the United States EPA’s Energy Star® website as referenced below:

  • Disclosure Summary Sheet
  • Statement of Energy Performance
  • Data Checklist and Facility Summary

In order to comply with these newly effective requirements, a commercial property owner must be registered with the United States EPA’s Energy Star® Portfolio Management program at least 30 days in advance of a required disclosure.

Read More

San Francisco Mid-Market retail center kicks off Construction to start for 2015 opening

— J.K. Dineen; Reporter – San Francisco Business Times

 

Market Street Place between Fifth and Sixth Streets will feature 250,000 square feet and clear heights up to 17 feet on the ground floor. Interior finishes include natural stone, glass walls and art installations.

The wrecking crews are revving up on Market Street.

At Trinity Place the windows have been removed from the old Del Webb Townhouse motel and Swinerton Builders is getting ready to start knocking down walls. At Market Street Place, demolition
crews are preparing for construction at the site of what will become a 250,000-square-foot retail center scheduled to open in 2015.

The buildings slated for demolition are mid-block on Market Street between Fifth and Sixth streets. Demolition will take approximately 12 weeks and will begin at the interior of the current structures in conjunction with preparing for exterior demolition.

Demolition work will include installation of a pedestrian canopy and playwood barricades. By the end of April, crews will start removing exterior walls from the existing buildings.

“We appreciate the public’s patience and cooperation while we begin this essential demolition work,” said Chris Maguire, CEO of Cypress Equities, which is co-developing the site with The Carlyle
Group. “The end result will be a retail center that the entire City of San Francisco and the Bay Area will be proud of.”

Market Street Place, which has not yet landed a tenant, will be a six-level retail redevelopment project featuring an exterior façade of translucent glass. Designed by Gensler, the project will have
an open floor plan with heights up to 17 feet on the ground floor. The planned interior finishes include natural stone, glass wall systems, stainless steel accent finishes, progressive lighting and
creative art installations.

Lowe to add office building

Last week Lowe Enterprises received the OK from San Mateo to build a three-story, 107,696-square-foot office building at the 22-acre Clearview Business Park. First up will be the demolition of an existing building and the addition of a five-story, 655-space garage.

The confidence to go forward is fueled by Lowe’s booming tenants. Clearview is home to:

  • The 100,000-square-foot headquarters of GoPro sports cameras.
  • Akamai Technologies, which has 70,000 square feet
  • Solar City, which has 66,000.

Clearview’s 270,000 square feet in six buildings is 100 percent leased.

“We have a captive audience on the site that has expressed interest in the new building,” said Hanns Lee, senior vice president for Lowe.

Lowe Enterprises, O’Connor Capital Partners and Pearlmark Real Estate Partners bought the then-vacant property, formerly Visa’s headquarters, in 2007.

 

Original Source

Living the tech lifestyle: First look inside new SF apartments, condos

San Francisco is undergoing a massive construction boom that will bring about 4,000 new housing units to the city over coming months, and thousands more in future years. Where and why the building is happening and how it will transform the look and feel of the city is discussed in more depth here.

What will life be like inside the forthcoming new residences? Developers are clearly trying to appeal to Gen Y tech types with amenities such as dog washing, bike parking — even a dog run and bike repair area at Avalon Bay’s AVA 55 at 9th — industrial-feel lobbies, state-of-the-art fitness centers. Many  projects will incorporate ground-floor retail with shops and restaurants that essentially will create fully serviced neighborhoods overnight.

Here are peeks inside three upcoming projects.

Trinity Place Phase 11 at 1190 Mission Street is slated to open in June with 418 units in a 22-story tower at the corner of Mission and Eighth Street. Next door is 1188 Mission (Phase I); when all four phases are completed the complex will bring 1,800 units to what had been a desolate stretch of Mid-Market just steps from the Civic Center BART station. The buildings will surround a green plaza open to the public. Retail is part of the plan, but no commercial tenants have been identified yet.

trinity_place1

Most of the apartments are studios for about $2,000 with one bedrooms for $2,400 in the building corners. A compact 485 square feet, the studios feature an alcove space for beds with sliding shutters so the area can be closed off for privacy or opened to the rest of the apartment to create a slightly more spacious feel. Generous closets are another touch to help counterbalance the tight quarters.

Marlow offers ninety-eight modern, luxurious condominium residences in the heart of restaurants, nightlife, shopping and culture. Located at the corner of Clay Street and Van Ness Avenue, Marlow is the nexus of modern city life.

In a different part of the city and a more upscale target audience, The Marlow condominium complex located at 1780 Clay Street at Van Ness Avenue, bills itself as offering a nexus to “three of San Francisco’s most desirable and stylish neighborhoods” — Pacific Heights, Russian Hill and Nob Hill.

marlow_exterior

Many units have balconies; all feature “contemporary finishes” and “high performance kitchens.” A private park in the center will offer a green oasis. The 98-unit complex will open in March 2014 with prices from the upper $600,000s.

Coming even sooner is the Blanc, slated to open this fall with 35 condos at 1080 Sutter Street at Larkin Street, also priced from the upper $600,000s.

rooftop-deck

Designed by Stanley Saitowitz, the residences feature sleek finishes and open floor plans. A furnished roof deck offers city views.

Original Source

Nielsen Takes 18,694 SF in San Francisco

Consumer Research Firm Signs 88-Month Deal

The Nielsen Company, a consumer research firm, signed an 88 month lease for 18,694 square feet in the office building on 1010-1040 Battery St. in San Francisco, CA.
At two stories, the property totals 119,000 square feet and was built in 1907. Renovations were completed in 1996, according to CoStar data.

Wes Powell and Chris Holland of Jones Lang LaSalle provided representation for the landlord, LaSalle Investment Management, while Nielsen was represented by Brian Beswick and Darin Bosch of CBRE

 

Source: http://bit.ly/17zYGH4