Articles Filed Under: Commercial

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Will It Or Won’t It, You Make The Call On A Commercial Backed Crisis

“Commercial property is “certainly going to be a significant drag” on growth, said Dean Maki, a former Fed researcher who is now chief U.S. economist in New York at Barclays Capital Inc., the investment-banking division of London-based Barclays Plc. “The bigger risk from it would be if it causes... Read More »

A Sale On Union Square Retail (239 Grant Sells For $773 Per Square)

From the San Francisco Business times: Peter Tso, a Chinese investor who owns several properties in Union Square, has paid $8.5 million for the 11,000-square-foot building at 239 Grant St., the first significant retail building to sell in Union Square since early 2008. The $773-a-square-foot sale price is less... Read More »

Twenty Nine Union Street Photos worth More Than “Weak” Words

Twenty Nine Union Street Photos worth More Than “Weak” Words

As you might recall, Union Street was recently pegged as one of San Francisco’s three weakest retail corridors. To put it in visual perspective, a tipster directs us to a montage of 29 empty or available store fronts between Gough and Fillmore. Read More »

San Francisco’s Commercial Sublease Snapshot

San Francisco’s Commercial Sublease Snapshot

According to Colliers International, 2,454,475 square feet of commercial sublease space is currently on the market in San Francisco (54% of which is currently vacant), down a net 148,911 square feet over the past 30 days driven by withdrawn listings rather than newly signed subleases of which there was... Read More »

A Commercial Quote With Residential Relevance?

It’s a fixed-income manager’s two ways of looking at Wells Fargo’s doubling down on commercial mortgage-backed bonds: “One is: Your past history tells me you don’t know how to assess this risk that well…The other is: Well, you’re bright people, you won’t make that same mistake again. Personally, I’m... Read More »

333 Bush: Bought For $281M In 2007 But Now Going Back To The Bank

333 Bush: Bought For $281M In 2007 But Now Going Back To The Bank

“Hines and Sterling American Property will give 333 Bush St. back to lenders Brookfield Real Estate Finance and Munich Hypo Bank, according to a statement from Hines executives.” (Hines, Sterling to surrender S.F. building) Read More »

San Francisco’s 50 Percent Fall Collection Grows For Commercial

San Francisco’s 50 Percent Fall Collection Grows For Commercial

“Polatnick Properties has planted its flag in Jackson Square with the…$7 million acquisition of 731 Sansome St. Polatnick paid about $185 a square foot for the 38,000-square-foot office building, less than half of what the historic 1911 structure would have traded for in 2007. The purchase was all cash.”... Read More »

Fighting “Blight” By Adding Art In San Francisco Storefronts

From the San Francisco Examiner: Taking a cue from cities such as New York, San Diego and San Jose, pilot program will temporarily place original art installations in vacant storefront windows. The first to be filled will be in the mid-Market Street area, followed by... Read More »

San Francisco’s Office Availability Rate Up To 20 Percent In Q2 2009

“CBRE says that downtown San Francisco’s availability rate for office space has now cracked 20 percent. It predicts that the city “will soon pass its all-time availability rate of 20.6 percent.” The brokerage reports that the city saw a 778,000-square-foot net vacant increase in vacant space .” ∙... Read More »

The Port In The (San Francisco Office) Storm

“The Port of San Francisco is preparing to reduce its minimum required lease payments to help fill vacant space and compete in San Francisco’s flailing office market….Under proposals due to be considered Tuesday by Port Commissioners, prospective tenants could see monthly rents for Class C space fall from $1.80... Read More »