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San Francisco Consumer Price Index (CPI) Update

December 23, 2008

Tweet December’s CPI number’s are not yet out, but the latest numbers indicate that inflation has turned into deflation as of October. The graph and data indicate YoY (12-month) changes in the inflation rate for the San Francisco Region, Wage Earners and Clerical Workers index. The latest available data indicates an annual rate of increase […]

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Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round

December 10, 2008

Tweet Sunnyvale-based Yahoo (YHOO: 37.79 +0.21%) began its latest round of layoffs today. The estimate is that 1,500 employees will be laid off worldwide in this latest round. Both analysts covering Yahoo! as well as friends working for the company estimate that there are still several thousand more employees within the company whose jobs could be […]

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Prop 1A – High Speed Rail Measure Set to Pass

November 5, 2008

Tweet Video Rendering of San Jose Diridon Station With 92% of the precincts reporting, Prop 1A looks set to pass with 52% voting Yes. The ballot measure, officially called the “Safe, Reliable High-Speed Passenger Train Bond Act” essentially authorizes the state to sell up to $10B worth of bonds to finance the construction of a […]

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San Francisco Residential Projects On Hold

October 31, 2008

Tweet KPIX/CBS is reporting on the condo projects in San Francisco which have either been cancelled or put on hold. The status of some of the most notable multi-family projects in San Francisco are as follows: Urban West Associates’ Rincon Hill Tower 2 – cancelled indefinitely Bosa Developments’ Radiance @ Mission Bay Phase 2 – […]

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Thelen Reid & Priest Chooses to Dissolve; Landlords Wondering Who’s Next?

October 28, 2008

Tweet 84-year old law firm Thelen Reid & Priest’s partnership voted this morning to dissolve the firm by as early as late November. The firm has succumbed to market, staffing, and economic forces. As previously mentioned, the firm occupies roughly 175,000 square feet of Class A office space locally, space which will very likely be […]

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Thelen Reid & Priest Dissolution Vote Expected; 175,000 Square Feet of Office Space On Deck

October 28, 2008

Tweet It’s been rumoured that Thelen Reid & Priest could vote as early as today to dissolve the 80 year old law firm. The law firm is facing a similar fate as Heller Ehrman as it has had many of its partners poached over the past year. Loss of key partners and a slowing practice […]

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Broadway Partners Deal to Sell One Sansome to Mirae Falls Apart

October 21, 2008

Tweet After having gone into contract with Broadway Partners about two months ago to acquire One Sansome Street, it appears South Korea-based Mirae Asset MAPS Investment Company has backed out of the $365M transaction. The 650,000 square foot building is leased in large part to Citigroup on leases which run for several more years. We’ve heard […]

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Broadway Partners Runs Into Trouble – San Francisco Holdings On The Table?

October 11, 2008

Tweet During 2006 and 2007, New York’s Broadway partners went on a tear, acquiring billions of dollars worth of real estate, with Lehman Partners providing the financing for a good chunk of it. That put Broadway Partners on the map as the third largest acquirer of New York City office buildings after Macklowe and Tishman […]

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General Growth on the Chopping Block?

October 4, 2008

Tweet There has been significant amount of talk this past week that General Growth Properties (GGP), the giant shopping mall REIT, could be on the chopping block. GGP’s local San Francisco Bay Area assets include the Stonestown Galleria in San Francisco, NewPark Mall in Newark, and Eastridge Mall in San Jose. The REIT also owns […]

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SF Chronicle Article Today On San Francisco Office Space Market

October 3, 2008

Tweet The SF Chronicle today is featuring an article discussing the trouble San Francisco office market is facing as a result of all that is going on in the equity and debt markets. There are two key takeaways in this article. The first is that we could see a 900 basis point increase in the office vacancy […]

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