Thursday, December 5, 2013

Tech firm leases top floor of BofA building - hell has officially frozen over!

The former Carnelian Room and Bankers Club atop 555 California has been leased, to a GAMING COMPANY!!!

The tech world is continuing to infiltrate the traditional Central Business District, no longer the home to stuffy financial services firms.

See here from the SF Business Times: http://www.bizjournals.com/sanfrancisco/blog/2013/12/sign-of-the-times-finnish-gaming.html?ana=e_du_pub&s=article_du&ed=2013-12-05


Thursday, November 7, 2013

Tuesday, August 27, 2013

TRI Commercial's Q2 2013 Quarterly Newsletter is here!


Please visit this link for information compiled by TRI.

https://docs.google.com/file/d/0B2t3moAZc2nyS3R4c203emdSZ00/edit?usp=sharing

The Gedymin Report - Q2 2013 Commercial Real Estate Newsletter is here - new format!

Apologies for the delay - please view this link and you will learn more about San Francisco office vacancy, lease rates, investment news, venture-capital information and much more.

https://docs.google.com/file/d/0B2t3moAZc2nyWTFVcm5JaDRndU0/edit?usp=sharing

Thursday, May 9, 2013

From National Real Estate Investor: Echo Boomers seek different lifestyles than their parents, affecting Commercial Real Estate

Echo Boomers, unlike their parents, are flocking to urban locations such as San Francisco, to be close to their work, night life, high end cuisine, the arts, and greater diversity than their parents who chose to move to the suburbs.

This will add demand to the residential real estate markets and also force companies to establish or maintain their commercial real estate presence in urban locales, further reducing commercial availabilities.

Please see here.

From The Registry: "Large working complexes will be pyramids for dead people."

Please see here where Uday Dandavate explains how the office environment is transforming more to an environment where people synergize their personal lives with their professional lives which is reflected in their desired office environments.

Big Dog Holdings / Zynga Places +/- 20,000 Square Feet On The Market

There are several new suites available for lease at 650 Townsend Street, home to owner-user Zynga, that recently hit the market.

After spending $228 million, Zynga may have enough space to lease of its own.

I will report back whether or not Zynga places more space on the market in this building, a sign of their future stability and as some wonder, the first shoe to drop with some tech firms who may be struggling.

Friday, May 3, 2013

From SFGate: How A Startup With No Revenue Can Be Worth A Billion Dollars

This article is very appropriate in the San Francisco commercial real estate community as there are hundreds of companies, if not more, leasing space in the City with this same financial situation.

Landlord's need to balance their financial risk with waiting for a profitable company to make an offer - not an easy task.

Concern #1: what is companies like Zynga, Salesforce, Dropbox, and others stop receiving VC money?  Will millions of square feet of office space then hit the market, either as a sublease or direct?

The answer lies in one place - ask me for the answer.

New Exclusive For Sale Listing: Introducing 819 Ellis Street, San Francisco, CA

This property is steps from the Van Ness Corridor which is experiencing a revitalization as new residential development is occurring, the new Cal Pacific hospital will be transformed, and more.

If you have questions about this 28,800 rentable square foot property, please don't hesitate to contact me or Gary Cohen.

The Gedymin Report - Q1 2013 Newsletter Is Here!

Please click here for my newly re-designed quarterly newsletter which provides readers with market statistics, research, trends, venture-capital investment information, lending rates, and much more.

TRI Commercial's Q1 2013 Market Report is Here!

Please click here for the first quarter 2013 newsletter which TRI's research department has recently completed.

Wednesday, February 27, 2013

From SF Business Times: $100 PSF/YR rents approaching again?

Yes, rents are rising but most companies will never pay $100 / foot.  Someone in San Francisco may break current commercial real estate office leasing rates by inking a high priced deal in the Ferry Building.

For the right user, the space is one of a kind and cannot be replicated.  View here.

Friday, February 22, 2013

From SF Business Times: Speculative Development in San Francisco Underway

The San Francisco Business Times has an informative article in today's edition explaining why developers are constructing new office buildings here in San Francisco without anchor tenants in tow.

Please note their quotes referencing where we currently are in comparison to the 2007 and 2000 real estate cycles.

Article here.

Monday, February 18, 2013

From LoopNet - Moscone Expansion One Step Closer

Please see this link which explains how the Moscone Center expansion took one step forward towards becoming a reality.

The upside for construction jobs, City revenue, hotel income and more seems high.

Shared SF Office Space, Ideal for Tech Firms

My cousin has office space for lease South of Market - please visit http://sfbay.craigslist.org/sfc/off/3604275237.html

Please let them know you heard it from me!

TRI Commercial Top 15 2012

I was recently honored as one of TRI Commercial's top producers for 2012 - an exciting professional accomplishment!

New Hope for Arts Community in MidMa San Francisco

One of my favorite business colleagues, Elvin Padilla of the Tenderloin Economic Development Project, provided a recent update that indicates arts uses are being considered for a MidMa development site at 950 Market Street.

Having represented several owners and tenants in this part of San Francisco, I see the advantages of including the arts community in this rapidly-changing district.  If only services non-profits, tech firms, and the upwardly mobile tech workers who will be residing in MidMa are the only new additions to the region, then yet another SF neighborhood will suffer tragic gentrification. 

Please see Elvin's update at http://nomnic.org/2013/02/major-victory-for-tenderloin-community-advocacy-on-950-project/

Tuesday, February 5, 2013

Why do tech companies want to be in Northern California?

Tech firms find the Bay Area most ideal for locating their business for several reasons but one main reason is the M&A market.

Please see an article by CB Insights explaining more at http://www.cbinsights.com/blog/acquisitions/tech-mergers-acquisitions-deals-2012-report

Q4 2012 TRI Commercial Market Report

Please see the below link for TRI's 4th quarter market report.

https://docs.google.com/file/d/0B2t3moAZc2nyTlNhUnRrNTY1MVE/edit?usp=sharing

The Gedymin Report - Q4 Commercial Real Estate News & Information

Please review my quarterly newsletter for facts, information, trends, and more pertaining to the Bay Area commercial real estate market.

You will read about vacancy, rental rates, investment news, venture capital spending, and much more.

Please visit https://docs.google.com/file/d/0B2t3moAZc2nybTEzUUpUMVN3Nzg/edit?usp=sharing

Downtown SF Sublease - mix of offices, conference rooms, etc.

My colleague Cal Nakanishi has a long term client that is looking to sublease their space at 115 Sansome Street.

Please see https://docs.google.com/file/d/0B2t3moAZc2nyRnpBQkhfUUZqeGs/edit?usp=sharing

or feel free to contact me with more information.