Schwab Putting 375,000 SF for Sublease in San Francisco

March 9, 2009

Tweet Charles Schwab (SCHW: 34.45 -1.23%) is putting roughly 375,000 SF up for sublease at One Montgomery according to GlobeSt. Schwab occupies some 1,273,000 square feet in the San Francisco Bay Area, with a supermajority of that concentraded in San Francisco. The 375,000 SF vacancy would represent one of the largest blocks of office space available in […]


Do Over For San Francisco Metreon

March 5, 2009

Tweet The Metreon’s new owners, Westfield Group and Forest City Enterprises, have attained approvals from the San Francisco redevelopment agency  to reconfigure the center into a more welcoming, and restaurant-centric entertainment complex. The 300,000 SF project sits on a ground lease from the Redevelopment Agency, and was sold by Sony to its new owners back […]


Virgin Megastore in San Francisco To Close

March 4, 2009

Tweet Virgin is closing all of its U.S. Virgin Megastores, including the location on Market Street in San Francisco. Reports have the San Francisco location closing by the end of next month. The chain also occupies fantastic real estate in New York and Los Angeles.  The San Francisco store, located at 2 Stockton Street, is […]


Z Gallerie Closing Third of Stores

February 25, 2009

Tweet Z Gallerie announced that it will be closing 25 stores, representing roughly a third of its 77 stores. We’re not sure if any of the Bay Area locations are on the list, but the chain’s local stores occupy prime real estate. Z Gallerie’s Bay Area locations are: 340 University Avenue, Palo Alto, CA 1628 […]


Shake-Up at Grubb & Ellis San Jose

February 18, 2009

Tweet The Business Journal is reporting on more movement at Grubb & Ellis locally. Bill Hvidt, who was managing director at Grubb & Ellis since 2004 is returning to full-time brokerage and Mark Geisreiter is coming on board as Managing Director of the SF, SJ, Redwood City, and Walnut Creek offices. Geisreiter is an outsider […]


MadisonMarquette’s Distressed Retail Real Estate Index

February 5, 2009

Tweet TrafficCourt points us to a mini-study put out by MadisonMarquette’s Places Magazine  analyzing 63 metropolitan markets for signs of distress in the retail real estate sector. They put together a nice little analysis/index on the various markets to try to guage the markets which will likely produce the most distress. San Francisco and San Jose were […]


Allen Matkins/UCLA California Office Forecast

February 5, 2009

Tweet The Allen Matkins/UCLA Forecast, which is biannual survey and index for California commercial real estate markets is predicting more of what we already are hearing: that the downturn in the overall commercial real estate will continue for the foreseeable future with a recovery beginning sometime in the latter parts of 2010. In the Bay […]


San Francisco’s Largest Apartment Owner Loses 51 Buildings To Lender

February 1, 2009

Tweet The Lembi Group is San Francisco’s largest owner of apartment buildings. The Lembi Group, which operates Skyline Realty, Trophy Properties, and CitiApartments amassed a portfolio of 8,000 apartments across 307 buildings, and made significant acquisitions over the past several years, and over $400M in 2007 alone.  The Wall Street Journal has a detailed piece […]


AMB Lays off 22%

January 26, 2009

Tweet AMB Properties (AMB: N/A N/A) announced in a 8-K filing on the 23rd that it has instituted layoffs of approximately 22% in an effort to cut costs. It has also taken large impairment losses as a result of mark-to-market accounting requirements. The full SEC filing can be viewed here. We’ve also heard there have […]


San Francisco Consumer Price Index (CPI) – December 2008 Update

January 16, 2009

Tweet Click on image to view full-size The Consumer Price Index for San Francisco Bay Area, Urban Wage Earners and Clerical Workers, registered a -.2% drop, year over year in December, and led to an annual rate of 3.3%. Nationwide, Consumer Prices dropped by .7% in December, the third consecutive monthly decline. The annual 2008 […]

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