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April 21, 2014
 Lee & Associates Promotes Jones
Lee & Associates promoted Ben Jones to principal in its Oakland office. Since coming to Lee & Associates as an associate in 2008, Jones has concentrated on the sales and leasing of office space in the metropolitan area of greater Oakland. In the last year and a half alone, Jones has secured more than 50 office sales and lease deals in the Bay Area. Lee & Associates has continued to expand the Oakland office since its inception in 2006, growing...
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April 18, 2014
 CoStar's People of Note (Apr. 13 - 19)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Indianapolis, New York City, Austin, San Antonio, Chicago, Boston, Washington DC, Milwaukee / Madison, San Francisco, South Florida, Houston, Phoenix, Dallas, Southern Connecticut, and Raleigh / Durham. INDIANAPOLIS Jackiw Joins Milhaus Management as President By...
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April 17, 2014
 Market Trend: East Bay/Oakland's Office Vacancy Decreases to 10.6%
The East Bay/Oakland Office market ended the first quarter 2014 with a vacancy rate of 10.6%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 136,858 square feet in the first quarter. That compares to positive 177,600 square feet in the fourth quarter 2013. Vacant sublease space increased in the quarter, ending the quarter at 368,168 square feet. Tenants moving into large blocks of space in 2014 include...
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April 16, 2014
 Newark Retail Center Changes Hands
Imwalle Properties sold its 10,971-square-foot retail center on the corner of Newark Blvd. and Jarvis Ave. in Newark, CA, to a private investor for $5.8 million, or about $529 per square foot. The center, known as Rosemont Square, was constructed in 2012 and is occupied by several tenants including Auto Zone, T-Mobile and Starbucks. Bob Quigley of SRS Real Estate Partners in San Jose represented the seller. For more information on this transaction...
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April 13, 2014
 Market Trend: East Bay/Oakland's Industrial Vacancy Decreases to 7.7%
The East Bay/Oakland Industrial market ended the first quarter 2014 with a vacancy rate of 7.7%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,367,136 square feet in the first quarter. That compares to positive 757,969 square feet in the fourth quarter 2013. Vacant sublease space increased in the quarter, ending the quarter at 870,687 square feet. Tenants moving into large blocks of space in 2014...
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April 13, 2014
 Castro Valley Plaza 3 Trades for $3.5M
A private investor purchased 21060 Redwood Rd. in Castro Valley, CA for $3.5 million, or about $192 per square foot. Built in 1988, the 18,270-square-foot Castro Valley Plaza 3 office building sits on .68 acres in N. Hayward/Castro Valley submarket. The buyer is a tenant in the building who purchased the property as an investment. Michael Tanzillo and Linda Sullivan of MTC Commercial Real Estate in Oakland represented the seller. Tanzillo also...
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