Articles Filed Under: Commercial

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Growing Commercial Concern (And Residential Parallels)

“Of particular concern for San Francisco is the fact that nearly 75 percent of the Class A – premier – office buildings downtown traded hands in the past four years, according to Tove Nilsen, director of market research at Colliers International. The flurry of activity propelled sales prices to... Read More »

Co-opting A Reader’s Comment: Our Commercial Market Decline

As a plugged-in reader commented and we’ve now co-opted, San Francisco’s commercial real estate market continues its decline. A few stats from Bloomberg: San Francisco office rents dropped 24 percent in the first quarter from a year earlier, the biggest decline since the dot-com crash in 2001. The office... Read More »

Millennium Tower (301 Mission) Update: Timing, Kitchen(s) And Bath

Millennium Tower (301 Mission) Update: Timing, Kitchen(s) And Bath

Millennium Tower has received their Temporary Certificate of Occupancy (TCO), closings will commence on April 7th, and residents will start moving in on the 20th. In terms of the restaurant (RN74), the kitchen has been cleared cook and April 23rd should be the first night the public dines. And... Read More »

Board Of Supervisors Uphold Appeal Of Babylon By The Bay Approval

The San Francisco Board of Supervisors has spoken, and the appeal of the Planning Commission’s approval for 110 Embarcadero has been upheld. Next up, an Environmental Impact Report (EIR). ∙ Babylon By The Bay Hits A Bagdad By The Bay Styled Road Block ∙ Forget Bagdad By The... Read More »

Babylon By The Bay Hits A Bagdad By The Bay Styled Road Block

Babylon By The Bay Hits A Bagdad By The Bay Styled Road Block

As we wrote about 110 Embarcadero when John King had the design scoop in early 2008: Assuming Planning Commission approval this spring, the building could be up, open and growing leaves by the end of 2009. As John Upton writes today: The Planning Commission’s January approval of the... Read More »

Landlord Foreclosure Concerns: Not Just For Residential These Days

“With downtown commercial property values down 30 percent from their highs in the summer of 2007, highly leveraged owners who bought at the peak are up against huge debt payments that will be extremely difficult to refinance. That is creating a situation where tenants are avoiding some “upside down”... Read More »

Metreon Makeover Approved, Entrance Rendered And Ready In 2010

Metreon Makeover Approved, Entrance Rendered And Ready In 2010

From the San Francisco Examiner with respect to the Metreon’s makeover: San Francisco Redevelopment Agency commissioners on Tuesday evening unanimously approved plans by new owners Westfield Group and Forest City Enterprises to rearrange the to better integrate it with the booming museum district neighborhood in SoMa. Under the... Read More »

Whole Foods Green-Lighted In Noe (And As Proposed On Market)

Whole Foods Green-Lighted In Noe (And As Proposed On Market)

While Whole Foods Market has been given the green light to take over the shuttered (but unfortunately not razed and to be rebuilt) Bell Market on 24th in Noe, the Prado Group continues to push forward with a proposed mixed-use development at 2001 Market Street which would replace the... Read More »

Office Space For Sublease And Unemployment Up In San Francisco

From J.K. Dineen at the San Francisco Business Times with respect to office space: San Francisco tenants unloaded another 250,000 square feet of unwanted office space onto the market in January, as employers slashed workers and pushed to generate sorely needed cash by subleasing floors in Class A downtown... Read More »