March 27th, 2009
Duane Morris restructures, Schwab to vacate One Montgomery
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
San Francisco May Put Entitlements on Hold San Francisco Business Times/ February 20th, 2009
Charles Schwab to Vacate One Montgomery San Francisco Business Times/ March 6th, 2009
333 Harrison Development Update SocketSite.com/ March 20th, 2009
First & Folsom Development Update SocketSite.com/ March 18th, 2009
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If there is anything I can do to help you as a Tenant Representative in the commercial real estate world, please do not hesitate to get in touch with me.
Thanks for visiting,
Tom Poser, Jones Lang LaSalle, San Francisco
415-395-4941
www.sanfranciscotenantrep.com
