1st & Folsom bid process and a Transbay development update
March 29th, 2009 Filed Under Development Updates, Financial District, South of Market, Zoning & City Hall Issues
John King of the the Chronicle discussed the latest updates this week for the First & Folsom development site in the South Financial District here in San Francisco.
The commentary is actually geared toward the veil of secrecy surrounding the bidding process, but the way King surrounds the story with historical context and also explains how the development fits into the larger submarket growth is more intriguing to me.
I am a big fan of King’s writing as I have stated and reading his work will make you smarter, as well as educate you about the future of the financial district’s vertical growth through transbay development. [More...]
Duane Morris restructures, Schwab to vacate One Montgomery
March 27th, 2009 Filed Under Development Updates, Financial District, Midmarket/ City Hall, Mission Bay, South of Market, Tenant Activity, Zoning & City Hall Issues
Posts have been few and far between here at San Francisco Tenant Representation lately and I apologize for that. Fortunately I have been occupied assisting clients and as we have discussed, the market demands a great deal of attention on every transaction in this climate.
Below you will find a catchup list of events, developments, and transactions that have occurred over the past month or so. The biggest trend to pay attention to today, which has not quite shown itself in transactions yet, is the tendency right now for firms to put excess space on the sublease market… even if they only recently signed leases for this space. The best examples comes from 555 Mission, which is a beautiful new building trying hard to fill direct space. Two of the newest tenants to the project have already listed space for sublease, before ever taking occupancy of that space.
Economic Downturn Tests Sector Resilience Globe Street/ March 23rd, 2009
Duane Morris Restructures One Market Lease Costar Group/ March 11th, 2009
Law Firm Moving to 3 Embarcadero Center Costar Group/ March 11th, 2009
Architecture Firm Buys Historic San Francisco Building Costar Group/ February 25th, 2009
Bebo Co-Founders Buy Musto Plaza for $7.25 Million San Francisco Business Times/ March 20th, 2009
$30M Redevelopment for One Market Retail San Francisco Business Times/ March 13th, 2009
