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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 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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April 14, 2014
 PB&J Acquisitions Purchases 123,669-SF Industrial Facility
PB&J Acquisitions purchased 1001 Canal Blvd. in Richmond, CA for $6.75 million, or about $54 per-square-foot. The industrial building, located on a 6.71-acre parcel, totals 123,669 square feet in the Richmond/San Pablo submarket of Oakland. Built in 1968, the building contains 10 loading docks, six drive-in bays, a clear height of 26? and 10 levelators. Todd Severson, Greig Lagomarsino and Tim Mass of Colliers International represented the seller...
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April 08, 2014
 DivcoWest Closes On Lake Merritt Plaza
DivcoWest finalized its acquisition of the Lake Merritt Plaza in downtown Oakland, CA, acquiring the two-building office complex from Boston-based Beacon Capital Partners. Constructed in 1985, 1999 Harrison St. is a 27-story, Class A high-rise situated on the corner of Harrison and 20th St. The property totals 490,000 square feet and achieved LEED Gold certification in 2009 for its operating efficiency. 1956 Webster St. was constructed in 1955...
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