“TRI is very concerned about what we consider to be the ‘lost generation’ of young talent entering #CRE brokerage post-2008 recession”- TRI Commercial President, Tom Martindale SIOR on the new talent that CRE firms need to cultivate in order to survive. Featuring multiple different voices from other experts in the field, including numerous fellow CORFAC International affiliates, Globe St. presents a wide perspective on the subject. Full article linked on image below:
TRI Commercial was presented as the Gold Award Winner of CORFAC International‘s Fifth Annual Standards of Excellence Awards at the Fall Summit in Denver, CO.
Recognizing a company’s leadership, participation, referrals, industry awards, CORFAC branding, and reporting, we at TRI are honored, humbled, and excited to continue embodying these valuable attributes! Thank you for your acknowledgement and support! https://lnkd.in/gF6F8xh
Mark Gedymin, our in-house surfer, took TRI to the waves this year. The Pedro Point Surf Club event benefits worthy causes like Ride A Wave, The Surfrider Foundation, and the Pacifica Beach Coalition. It had an excellent turn out and unusually not-foggy skies–what better way to spend a seaside day then to be #BuildingGreatRelationships?
TRI held a strong presence this year at the Bi-Annual CORFAC International Summit held in Denver, CO.
With seasoned agents, new associates, a panel speaker, and the TRI CEO and President in tow, TRI had the distinction of being the best repped affiliate in The Mile-High City!
As always, it was an excellent and information occasion full of the sharing of knowledge that goes hand in hand with #BuildingGreatRelationships.
As one of our newer agents and first-time CORFAC attendee noted, “It was inspiring to see so many CORFAC affiliates come together from all over the world. Witnessing the synergy first-hand really shifted my perspective of this global CRE community.”
Looking forward to networking @ the Spring Summit in Austin, TX, February 28-March 3, 2018!
Twenty-four companies relocated from the Peninsula and Silicon Valley in 2012 and 2013, absorbing 700,000 square feet. Many of these firms moving to the City are actually saving money. For locations such as downtown Palo Alto and Stanford Research Park, asking rents start at $72 to $84 a square foot, triple net.
Cancer drug developer Medivation Inc. leased 43,000 square feet at 499 Illinois Street in Mission Bay and will establish a laboratory in the space. This lease leaves the building with 36,000 square feet of vacancy — 8,000 square feet on the first floor and 28,000 square feet on the second floor.
Swift Realty Partners paid $20 million to acquire the 77,000-square-foot Corporate Terrace at 3466, 3468 and 3470 Mount Diablo Boulevard in Lafayette. The office building is located within the Lamorinda submarket, where current vacancy rate is 8.3 percent and average asking rent is $2.70 per square foot for full-service gross on a monthly basis.
Due to relatively affordable prices at approximately $100 per square foot, buyers have snapped up historic Class B office buildings in Oakland. For instance, Terra Nova paid about $3.25 million or $116 per square foot for 1714 Franklin Street. Also, the Greenlining Institute bought 364 14th Street for $1.96 million or $84 per square foot.