Will an Incremental TIC Conversion earn you the most or your building? Written by TERRENCE JONES I recently sold a tenant-occupied building in a popular part of San Francisco. It was built before 1979 and was under rent control. The tenants in the building were combative and had many demands regarding buyer and broker access … Continue reading SF Apartment Magazine – ABCs of TICs
“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 … Continue reading CRE Firms Must Develop New Talent To Thrive – Globe St.
Beyond the specs of Square Feet and Price... These 5 metrics are key to finding the Office Space you are looking for. http://bit.ly/2rSAF1D
The Beijing-based company, Oceanwide, spends $32.5M on the small parcel next to the site for their $1.2B Mega-Development at 88 First Street, San Francisco http://news.theregistrysf.com/oceanwide-buys-san-francisco-parcel-next-to-its-proposed-mega-development-for-32-5mm/
CORFAC International is pleased to announce that Axis Property has joined our global network, bringing our total number of offices to 80 worldwide. Axis Property/CORFAC International is a commercial real estate firm specializing in property sales, leasing and property management in the industrial, office, retail and investment markets in greater Melbourne, Australia. Daniel Liberman, Director … Continue reading CORFAC International Welcomes Axis Property to the Family!
The article below notes the 20 zip codes with the highest rental rates in the Bay Area. One must take note that this research only covers apartment buildings of 50 units or more. Because of this, it is comprised mostly of buildings that were developed over the last decade. As these continue to pop up … Continue reading The Presidio has Highest Rental Rates in The Bay Area… and Comes in 4th in the Nation!
Passing the remaining 50 years of a ground-floor lease, this deal could surpass $300M, or $1,250 per square foot. http://www.bizjournals.com/sanfrancisco/news/2017/06/12/blackstone-bx-to-sell-sf-ferry-building-equity.html
Blake|Griggs Properties broke ground on a 178-unit apartment complex adjacent to the Walnut Creek BART at 1800 Lacassie Avenue. This is one of many upcoming developments geared towards commuters in this area. http://www.bizjournals.com/sanfrancisco/news/2017/06/14/developer-housing-near-walnut-creek-bart.html
Amazon has been working at infiltrating the retail brick-and-mortar store fronts over the last few years now; this deal sets a groundbreaking platform for the expansion and integration of online grocery shopping. https://www.nytimes.com/2017/06/16/business/dealbook/amazon-whole-foods.html?_r=0