What does 10% vacancy mean? According to San Francisco Business Times' J.K. Dineen, it's a magic number. "The 10 percent number is significant because it’s the level at which developers and their lenders have traditionally felt comfortable starting speculative development. Tishman Speyer has two buildings lined up for a 2012 construction start, 222 Second St. … Continue reading Looking for office space in SF? Better act fast.
After 14 long months, SF supervisors finally approved an agreement with the America's cup in a 11-0 vote. And we mean FINALLY. Key highlight of the deal, which is much smaller than the originally proposed one: The Port of San Francisco will spend about 48 million to fix Piers 30-32 Apparently, "the deal approved Tuesday gave … Continue reading More on the America’s Cup..
According to the San Francisco Business Times, the Bay Area is doing well... but could crash at any time if some key problems aren't addressed. Yikes. So what are these areas of pains? We'll go with bad news first. A study was held by McKinsey & Co (we've all heard that name someplace or another) that … Continue reading Doing business in the Bay Area? You might want to read this.
Words with Friends fans listen up: Zynga's moving in The social gaming company has entered into a purchase-and-sale agreement to buy buildings, which will house its corporate headquarters, at 650 Townsend St. and 699 8th St. in San Francisco. Zynga expects to close the transaction in the second quater. Some quick facts: Price: $228 million Seller: … Continue reading Zynga Inc. in San Francisco