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NKF Star Brokerage Team Begins Marketing Santa Clara Development

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San Jose’s Hot Streak Continues

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The State of Oakland

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#Totally Tech

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Tech Brands Roku Inc, Glu Mobile, Havas, Sage Intacct Recently Signed New Leases.

3 NKF Influencers Changing the Game

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Blue Bottle Moves to Sacramento

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# Power Brokers Score 12 Goals; Top League

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Power Brokers Win Opener. Team Celebrates Diversity, Multi-Culturalism, Equality & Teamwork On & Off the Field.

#Globe Street

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Lisa Brown, multi-decade CRE marketing pro & contributor to GlobeSt.com weighs in on the NKF Spotlight.

#Major Developments

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NKF pitched & won some of the most coveted assignments in the region

#Redwood City Record: $325,620,000

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NKF Advises on Blu Harbor Mega Deal

#Neighbors in Need

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NKF NorCal has Raised Over $100,000 for Northern California fire victims in the last two years.

#EAST of The City

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Recent activity in the cities of Walnut Creek, Pleasanton, Oakland and others.

#On the Waterfront

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50% Less Rent. 100% More Nature. A unique, waterfront office campus in a serene, coastal setting.

#Zymergen

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NKF’s Bill Benton & Mike Brown Close 303,000 +\- SF Deal with Growing BioMed Brand

#Liz

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Top Producer & Vice Chairman Hart has Astonishing Year

#TOPICAL Quotes

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70,000 Reasons to Become a Thought Leader. A True Power Broker in the National Spotlight.

#Big Deal Makers

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NKF advises on major portfolio sales in 2019.

#Trophy Assets

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NKF Wins Numerous CRE Awards in 2019

#Data by Arata

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Despite tight market, More Than 1.0 million SF was absorbed during quarter.

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BLUE HAIR SPECIAL: Chip Wiser Reviews Sorrel Restaurant

#CRE Tech Awards

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Most Recognized Award for Industry Startups; Technology Companies

#1700 Broadway For Sale

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10 story, 31,500 SF Building in Uptown Available

#$36,250,000 Sacramento

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NKF’s LeBeouf; Pappageorge Advise on $36 MM Mega Deal

#Sacramento 1st in the Nation

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Warehousing and distribution is robust as demand for e-commerce distribution space continues.

#Breaking NKF News

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NKF NorCal Brokers Making Headlines This Week.

#5 Minutes of Fame

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How to generate buzz for your personal CRE brand.

#Welcome to Spotlight

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CRE news, big deals & no photos of the bridge.

#Your HQ Awaits

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One of few remaining high-quality HQ facilities available in Silicon Valley

#Sacramento News

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Broker of the Year Awards, presented by the Association of Commercial Real Estate.

#$116,000,000 Portfolio

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Reliant Group Management will convert four of the properties (369 units) to affordable housing, utilizing bonds and low income housing tax credits.

#Santana Row

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NKF’s Silicon Valley HQ is located in Santana Row.

#NKF FUTURES Golf

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NKF FUTURES hosts events & Cocktail Social happy hours throughout the year.

#Research Interactive

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An interactive & immersive experience, navigating through market data, down to the submarket level.

#Potential HQ

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Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants

#Sunset Criterium

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It’s the Bay Area’s Most Anticipated Competitive Cycling Event

#CoreNet Global

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As a Platinum sponsor, NKF benefits include recognition on the CoreNet website,  golf tourneys,  communications, events, as well as complimentary tickets to chapter meetings

#Bottom Line

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Silicon Valley Broker Gabe Regalado Opines on Coworking’s Benefits.

#Roll Out Red Carpet

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NKF Rock Stars Win Multiple, High Profile Awards in 2019

#3 Points by Poser

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CRE Veteran Tom Poser Opines as a Regular Guest Blogger.

#Santana West

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Santana West’s Silicon Valley location offers a competitive advantage for recruiting.

#$650,000,000 Pyramid

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Who Will Buy The SF Landmark; And for How Much?

#Linked

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Linkedin is a powerful platform for building a broker’s online brand.

#Breaking

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#Vice Chairman Liz

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Introducing the first ever female Vice Chairman in NKF’s NorCal history and the fifth female Vice Chairman in the company. Bravo! 

#2nd Quarter Office

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Q2 Results for the Region’s CRE Market

#Fabulously Thai

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CRE Veteran Chip Wiser Reviews His Favorite Local Dining Experiences

#The Snake Before Uber

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Oakland Asking Rates Are Rising & The Cool, Urban Vibe Continues

# Notable Deals

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Our Research Team works with brokers, clients to announce deals to the press and the general public.

# USA 2 – Holland 0

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US Women Soccer Team; NKF Women Crushing It.

#Life Sciences

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South San Francisco remains the leading submarket in the Bay Area and continues to possess elite-quality newer life science product.

#East Bay Today

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Research Teams work with brokers, clients and PR teams to announce deals to the press & general public.

#5,500 Miles

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Chip Wiser Reviews His Favorite San Francisco Restaurants

#ELEVATE Women

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8 NKF Brokers Nominated for Awards @ Annual Awards Gala at SF Jazz Center 

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Your Employer Pays Your Salary. Be Grateful by Posting Stories Relating to Your Company.

#Silicon Valley Rankings

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Six of the Top 25 Silicon Valley Brokers are NKF Brokers (25%)

#$48,000,000 Tower

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#Equality in Office; Field

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NKF Star Brokerage Team Begins Marketing Santa Clara Development

NKF NorCal / November 13, 2019


Story by Matthew Niksa, The Silicon Valley Business Journal
A team of three executive-level brokers from commercial brokerage firm Newmark Knight Frank has begun marketing the office component of Related Santa Clara, a massive mixed-use project adjacent to Levi’s Stadium and the Santa Clara Convention Center that’s being developed by real estate firm Related Cos. Related in May tapped Phil Mahoney, executive vice chairman of Newmark, John Yandle, executive vice president of Newmark’s San Jose office, and Joe Kelly, executive managing director of Newmark’s San Jose office, for its office leasing efforts.

 

5.74 Million Square Feet
The three brokers are marketing up to 5.74 million square feet of office space at Related Santa Clara. Of that office space, 740,000 square feet will be available for occupancy in 2023, while up to 5 million square feet is available now for build-to-suit commitments. Mahoney told the Business Journal on Thursday that he, Yandle and Kelly have only just begun marketing Related Santa Clara’s office opportunities because the project only recently became fully entitled. According to Phil Mahoney:

“There isn’t another project west of New York that matches the amount of build-to-suit office space that Related Santa Clara offers.”

 

“It’s going to have something for everyone,” Mahoney said. “It can really handle anything. It’s a unique mixed-use development of which the Valley hasn’t really seen other than perhaps Santana Row. It’s in a scale many times larger [than Santana Row].” The Related Santa Clara development will replace a city-owned golf course at 5155 Stars and Stripes Drive. Stephen Eimer, executive vice president of Related Urban, told the Business Journal that the municipal course closed today to make way for Related’s project. “Our project provides the Bay Area office community with a variety of product types to address their every need, from dynamic loft-style configurations for startups to large-scale corporate campuses of over 1 million square feet,” Eimer said in an email statement Thursday.

“We believe Newmark is the ideal brokerage team to fully represent us in leasing the depth and breadth of our office products,” said Eimer. 

+ Read Full Story
+ More Photos of Related Santa Clara

This Month’s Top  Stories

 

San Jose Hot Streak
+ Market Update on Silicon Valley 
Wing Lee

 

 

Totally Tech
+ Zymergen, Roku Inc, Snowflake, Glu Mobile, Havas, Sage Intacct Sign Leases
NKF NorCal 

 

 

 

FORBES: Where America’s Rich Live
+ 70,000 Reasons to Become a Thought Leader
Phil Mahoney

 

 

NKF Power Brokers Top Coed League
+ Diverse, Equal, Multi-Cultural & Undefeated
NKF NorCal 

 

 

Win an Award or Close a Deal?
Let’s Make a Big Deal Out of It! 
Contact michael.kirner@ngkf.com 

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San Jose’s Hot Streak Continues

NKF NorCal / November 11, 2019


RISING RATES; POSITIVE ABSORPTION
By Wing Lee, Research Manager
Office leasing activity throughout Silicon Valley remained strong in the third quarter of 2019, posting positive net absorption for the eighth quarter in a row and bringing the year-to-date total absorption to just under 1 million square feet. Although the office market showed a slight slowdown with net absorption of 129,780 square feet compared with the second quarter’s 461,828 square feet, the total number of square feet leased increased by more than 1.8 million to 4,458,232 square feet.

A few new, large Class A listings in Santa Clara and Mountain View pushed the average asking rates up $0.12/SF to $4.33/SF and the total availability rate up 1.2 percentage points to 9.04%.

SUBMARKET BREAKDOWN
San Jose led Silicon Valley in net absorption for the second quarter in a row, producing a whopping 602,895 square feet. This was due almost entirely to the massive lease Verizon signed at Coleman Highline, as the Airport submarket posted 651,325 square feet of absorption.

Campbell also had a strong quarter with 188,163 square feet of absorption, the best number the city has posted in more than 10 years.

In addition to a high positive absorption, Campbell’s availability rate dropped 7.7 percentage points to 15.72%. The massive drop in Campbell’s vacancy can mostly be attributed to the large lease 8×8 signed at 675 Creekside Way. Mountain View’s average asking rate jumped up $0.20/SF to $7.24/SF, mainly due to the completion of the office project at 750 Moffett Boulevard. The project is located in the Middlefield submarket, where average asking rates jumped $1.15/SF and the availability rate increased by 9.9 percentage points to 13.5%.
SIGNIFICANT TRANSACTIONS

Google once again secured the largest deal of the quarter, with a massive owner/user purchase of the Yahoo campus in Sunnyvale’s Moffett Park.

Moffet Park
The 974,639-square-foot campus in Sunnyvale’s Moffet Park consists of seven buildings and an additional parcel of land. Verizon, which owns Yahoo, is leasing back 594,412 square feet of the project, making it the second-largest deal of the third quarter. The third-largest deal of the quarter also goes to Verizon, which pre-leased a 593,990-square-foot building at Coleman Highline. This portion of the project was originally planned to have two office buildings, but will now include one office building built to suit for Verizon and a private 50,000-square-foot amenity building.

 

The fourth-largest deal was Apple’s 310,171-square foot owner/user purchase of two buildings at Cupertino City Center.

American Realty Advisors sold the buildings for a total of $290 million, or about $930/SF. The fifth-largest lease signed was a 181,196-square foot lease at Moffett Towers by a confidential tenant. Rounding out the list of top deals was the 177,815-square foot lease signed by 8×8 at 675 Creekside Way.
Slowdown in Investment Sales After Strong Second Quarter
After several large properties traded hands in the earlier in the year, investment activity in the office market slowed down a bit this quarter with only a few notable transactions. The largest investment deal was Preylock Holdings’ acquisition of the 151,998-square-foot building at 620 National Avenue in Mountain View. The building is fully occupied by Google until 2029 and sold for $190 million, or approximately $1,258/SF.

The second-largest investment deal of the quarter was the sale of 2611 and 2635 North First Street in San Jose to The Stanley Group.

The two buildings, which comprise the Valley Office Centre, were approximately 95% occupied at the time of the sale and sold for $29.7 million, or $407/SF.
With little to no indication of decreased appetite from tenants, the office market in Silicon Valley is looking to continue its streak of positive absorption in the coming quarters. The market is expected to see a large number of new construction projects completed in the fourth quarter of 2019 and the first quarter of 2020.

This new availability, combined with the number of large tenants looking to migrate to the South Bay from markets farther north, give a positive outlook for the future of the Silicon Valley office market.

For More Information, Contact
WING LEE
Research Manager
408.982.8427
wclee@ngkf.com

Other Silicon Valley Stories

 

Mahoney, Yandle, Kelly to Market Major Development
 + Related Santa Clara in the News
NKF Silicon Valley 

 

Fabulous Santana West Video
 + Fly Through World Class Office Campus
NKF Seeks Tenants for Massive Tech Complex

 

 

 

Silicon Valley Brokers Honored
+ NKF Top Producers Win Coveted Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

 

 

 

Santana West Featured in Mercury News
+ Big Expansion of Santana Row Underway
Tracy Solari, Todd  Shaffer, Randy Gabrielson

 

 

 

Sprawling, New Office Campus Underway
+ Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger

 

 

 

Top Silicon Valley Brokers Dominate 
+ NKF Ranks Highest in Survey
Phil Mahoney, Edmund Najera, Jeff Arrillaga, Mike Saign, Joseph Kelly, Randy Gabrielson, Todd Shaffer, John Yandle

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The State of Oakland

NKF NorCal / November 08, 2019


DEMAND REMAINS STEADY AS RENTS REACH NEW PEAKS
By Kyle Phillips, Research Analyst 
The Greater Oakland office market has remained active and in high demand as space is available at a higher cost. Rents have jumped consistently quarter over quarter, and the start of the second half of 2019 has been no different. Class A and Class B Downtown Oakland asking rents have surged significantly over the years, and these new rental rates might give local tenants sticker shock. In the past five years, Downtown Oakland asking rents increased from $2.79/SF to $5.24/SF for Class A and from $2.22/SF to $4.68/SF for Class B.

This accounts for an 88% increase for Class A and a 111% increase for Class B over a five-year period.

Downtown Oakland is not the only submarket to experience this kind of growth, however, as the same pattern of rental increases were recorded in surrounding areas such as the Oakland Airport, Jack London Square and Emeryville
AVAILABILITY TRENDS
Availability in the Greater Oakland market has begun to level off after slowly increasing over the past few years. The new construction hitting the market, such as 601 City Center, might cause another minor spike in availability, although this will likely be temporary due to demand for new large blocks of space.

The sudden spike in subleasing became a concern in early 2018, but the market has gobbled up a lot of these spaces, and the subleasing trend has become stable over the past seven quarters.

The region has shown an equal amount of demand to come with the new supply: Net absorption for the Greater Oakland market totaled 23,455 square feet for the third quarter and negative 76,204 square feet on the year. In the years immediately following the Great Recession, the Oakland market hovered around 17 to 20% total availability. Now, with rates twice as high, the availability rate has remained between 9 to 12% for the past few years.
CO-WORKING IN GREATER OAKLAND
WeWork inked one of the largest deals of the third quarter, leasing space at The Leamington, located at 1814 Franklin Street. The coworking company added three new floors to their portfolio for a total of 37,256 square feet of creative office space. WeWork released a statement that it halted all new leases for the time being.

In the past year, WeWork has added new shared space for technology startups in Berkeley, Emeryville and Oakland.

WeWork is now the leaseholder of nearly 250,000 square feet within this market, or roughly 1.0% of the total office inventory.
SIGNIFICANT LEASE TRANSACTIONS
Several noteworthy lease transactions were signed in the third quarter, making it the most active quarter so far this year. In the largest lease of the quarter, Penumbra, which creates solutions for stroke revascularization and embolization for use in the neurovasculature, leased a build-to-suit in Harbor Bay.

The new construction is set to be finished in 2022 and will consist of two floors comprising 122,286 square feet.

The second-largest lease occurred at the Key Building, which is also under construction. Credit Karma exercised its option to expand into an additional three floors, having already leased the top five floors. Credit Karma will now occupy the top eight floors for a total of 160,600 square feet in what is set to be a preeminent building coming in 2020.
INVESTMENT TRANSACTIONS
The most significant investment sale of the third quarter occurred at 180 Grand Avenue in Downtown Oakland. The 289,596-square-foot office tower listed by Newmark Knight Frank’s Capital Markets team sold for $175.0 million, or $628/SF.

 

 

For More Information:
Kyle Phillips
Research Analyst
510.496.5756
kyle.phillips@ngkf.com

 

+ Previous Oakland Research by Kyle Phillips 
+ More NKF East Bay News

Recent East Bay Deals & Assignments

 

 

North Loop 3, Alameda
Ideal for companies requiring more than the average warehouse/manufacturing offering, this prized gem in Alameda offers a 12-acre parcel, available for sale or lease to a variety of tech, STEM and life sciences tenants.  Scheduled for occupancy in spring 2020, the campus has attracted significant interest. Steve Kapp and Shawn Klein are spearheading sales & leasing.
+ More Info

 

 

Growers Square Secures Slalom
Walnut Creek, CABreck Lutz, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented Growers Square owner Rockwood Capital in lease negotiations with Slalom, represented by Mike Saign of NKF San Jose and Rich Hoyt of NKF Walnut Creek.

 

 

Hopsy Relocates in Richmond
Richmond, CA – Jeff Lahr and Jim Clark of NKF Oakland represented the Landlord in deal negotiations with Hopsy Inc., a taproom quality beer delivery service company represented by Tom Southern, also of NKF Oakland.
Portrait Displays Renews at Pleasanton HQ
Pleasanton, CA – Jeff Morgenstern of NKF Walnut Creek represented Portrait Displays, a software company that combines the latest in color science with advanced display technology, in the renewal of their 11,750-square-foot lease at in Pleasanton.

 

Warehouse Portfolio Sells for $4.7 Million
Hayward, CA – Tom Fehr of NKF Walnut Creek and Zach Smith of NKF Oakland represented the seller, Kaluanian Living Trust LP in the investment sale of 2214 and 2242 American Avenue in Hayward for $4.7 million. Paul Mueller and Spencer Jenkins of NKF Oakland represented the buyer, Lakeside Non-Ferrous Metals Inc.

 

 

Corporate Center Retains Eichleay Engineers
Concord, CA – Tom Fehr, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented the ownership group of Harbert Management and Montgomery Advisors at Corporate Centre in a 37,000-square-foot renewal of Eichleay Engineers’ lease.
Non-Profit GiveWell Leases Space in Lake Merritt Plaza
Oakland, CA – Jonathan Tomasco of NKF Oakland and Will Scovill of NKF San Francisco represented GiveWell in the signing of a 7,574-square-foot lease at Clarion Partners’ Lake Merritt Plaza in Oakland.

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#Totally Tech

NKF NorCal / November 05, 2019


Mostly Tech Tenants Sign Deals as Vacancy Drops to Under 3% in San Francisco.
Leasing activity, especially in the Bay Area’s red hot  technology niche, is as robust as ever.  Zymergen, Roku Inc, Snowflake, Glu Mobile, Havas, Sage Intacct all inked new deals within the 2nd and 3rd Quarters.
San Francisco Office Market
At the end of the third quarter of 2019, the overall vacancy rate in San Francisco dropped 40 basis points to 2.8%, and overall availability dropped 70 basis points to 7.8%, while demand of 7.6 million square feet outpaced supply. Year-to-date leasing activity remained constrained, down 26.3% compared with the same period last year. Despite the tight market, more than 1.0 million square feet was absorbed during the quarter, over half of which resulted from Dropbox’s move into 656,482 square feet at 1800 Owens Street. According to Andrea Arata, NKF Director of Research in San Francisco:

“Of the 3.3 million square feet currently under construction in The City, 84.0% has been pre-leased or is rumored to be in leases.”

“ If tenants are concerned about rent liabilities on their balance sheets, shorter-term or less expensive leases are a more favorable option, “ Arata said from her 1 Bush Street Office, which overlooks the pulsating heart of the Northern San Francisco Financial District and is near all the action, including Salesforce Tower and the popular South of Market district which is teeming with tech brands looking to expand and jean clad Millennials.
Silicon Valley Office: Rising Asking Rates
Office activity in Silicon Valley remained strong in the third quarter of 2019, posting positive net absorption for the eighth quarter in a row and bringing the year-to-date total absorption to just under 1 million square feet. Although the office market showed a slight slowdown with net absorption of 129,780 square feet compared with the second quarter’s 461,828 square feet, the total number of square feet leased increased by more than 1.8 million to 4,458,232 square feet. A few new large Class A listings in Santa Clara and Mountain View pushed the average asking rates up $0.12/SF to $4.33/SF and the total availability rate up 1.2 percentage points to 9.04%.

 

Roku Establishes Four Building Campus Near the San Jose Airport
San Jose, CARoku, Inc. recently increased its San Jose footprint, taking over the 162,557-square-foot space in Building 1 of Coleman Highline, previously leased to 8×8, Inc. Roku makes online media devices for entertainment streaming.

Represented by Phil Mahoney, Jeff Rodgers and Andy Hueser of Newmark Knight Frank San Jose, Roku’s total square footage in the project is now 716,285.

8×8 had one foot out the door, eyeing a potential move to 675 Creekside Way in Campbell. Fortunately for both parties, NKF was able to negotiate an assignment of the lease instead of a sublease so that Roku could take the space on a direct basis.
Sage Intacct Expands Further in Riverpark Towers
San Jose – Mike Saign, Phil Mahoney, Anne Ralston, and Joe Kelly of Newmark Knight Frank San Jose represented building owners DivcoWest and Rockpoint Group in their lease negotiations with tenant Sage Intacct at 300 Park Avenue in downtown San Jose.

Riverpark Towers is one of downtown’s most prominent Class A office projects, and is home to several other notable tenants such as Cohesity, Okta and Nokia.

As one of two buildings that make up Riverpark Towers, 300 Park Avenue has been home to the cloud services firm since 2014. This lease not only renewed Sage Intacct’s existing space, but expanded their lease to an additional floor and increased their footprint to a total of 118,410 square feet over six floors.

 

 

Bay Meadows Finds Snowflake
San Mateo, CAChristian Prelle and Carter Lyman of NKF Palo Alto represented Sublessee Upstart Holdings in a 48,353-square-foot transaction at 2950 Delaware Street in San Mateo. Upstart Holdings is a finance technology company that uses machine-learning technology to predict creditworthiness in its online lending marketplace.

Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose represented the Sublessor, Snowflake Inc.

Snowflake Inc. is the creator and owner of the only cloud-based data warehouse, giving companies the flexibility of big data platforms and the elasticity of the cloud.

 

Glu Mobile, Inc. Leases Space in the West Tower of Parkside Towers
Foster City, CA – Josh Rowell and Craig Kalinowski of NKF San Mateo represented Landlord Heitman, LLC in Glu Mobile’s 24,539-square-foot lease at Parkside Towers, located at 1001 East Hillsdale Boulevard in Foster City. The mobile gaming company is set to occupy the space on the fifth floor of this Class A office building through January 2027.

Glu Mobile Inc. is an American developer and publisher of mobile games for smartphone and tablet devices. Founded in San Francisco, in 2001, Glu offers products to multiple platforms including iOS, Android, Amazon, Windows Phone and Google Chrome.

 

French Company Havas Signs New Lease in North Financial District
San Francisco – Lauren Whitlock and Liz Hart of NKF San Francisco represented Havas San Francisco in signing a lease for a 17,476-square-foot recently turn-keyed spec suite on the 18th floor of 345 California Street.

Havas, headquartered in Paris, France, is one of the largest global advertising and communications groups in the world.

Havas is delighted to be moving to a more central location to connect with clients throughout the city.

 

 

Lincoln Building Sells To Local Investor
Lincoln, CA – Brian Barnes and Ken Noack of NKF Sacramento represented the Seller, Flocchini Group LLC, in the sale of 110 Flocchini Circle in Lincoln. This multi-tenant industrial building is 32,400 square feet and was built in 1994. On the market for just over 10 months, this was an investment sale that traded for $73.89/SF to a local investor. Seven out of the nine units were occupied at the time of sale.

 

 

+ Other Major Deals & Assignments
+ Recent East Bay Deals

Other NKF Deals in 2019

 

Provident Credit Union HQ
Redwood Shores, CA – Deborah O’Reilly and Craig Kalinowski of NKF San Mateo have fully leased 303 Twin Dolphin Drive, Provident Credit Union’s headquarters and one of Redwood Shores’ most prominent Class A office properties.
County of Santa Clara Leases Under Construction Project
San Jose, CA – Jack Lewis of NKF San Jose represented property owner Panattoni Development Company in an 82,900-square-foot lease to the County of Santa Clara. This freestanding industrial/manufacturing project located at 2144 Oakland Road is a rare opportunity.

 

Humu ‘Growth Plans
Mountain View, CA – Sean Whitney and Jeff Rodgers of NKF San Jose worked with Humu, Inc. to secure a lease for 31,745 square feet at 100 View Street in Mountain View. A phase-in for the initial space with eventual rights to the entire 48,000-square-foot building, the deal will accommodate Humu’s emphatic growth plans.

 

Alation Inc Finds New HQ
Redwood Shores, CA – Kristoph Lodge, Shawn Troedson, and Jack Troedson of NKF Palo Alto represented landlord Metropolitan Life Insurance Company in lease negotiations with Alation Inc., represented by Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose.

 

Anita Borg Leases Space in Belmont Shores
Belmont, CA – Dan Matteucci, John Kraft, and Sarah Bohannon of NKF San Mateo represented landlord Westlake Realty in the lease of 20,870 square feet on the fourth floor to the Anita Borg Institute at 1301 Shoreway Road in Belmont. The organization aims to recruit, retain, and advance women in technology.

 

Fluidigm Leases Space in SF
South San Francisco, CA- Mary Hines, Jennifer Vergara, and Jay Leslie of NKF San Mateo teamed up with Randy Scott of NKF Palo Alto to represent Phase 3 Real Estate Partners in the lease of 77,929 square feet to Fluidigm in the North Tower at 2 Tower Place in South San Francisco.
Burlingame Class A Development Fully Leased
Burlingame, CA – Dan Matteucci, Craig Kalinowski, and Josh Rowell of NKF San Mateo have fully leased 988 Howard Avenue, one of Downtown Burlingame’s most recently delivered developments, located directly across the street from the Caltrain station. The NKF team represented landlord Opus One Howard, LLC.
Morgan Stanley Renews Lease
Menlo Park, CA – Mike Courson of NKF Palo Alto and Mark Courson of NKF San Mateo represented landlords Clarion Partners and Invesco in the renewal of 12,072 square feet of space at 2882 Sand Hill Road in Menlo Park to Morgan Stanley Smith Barney Financing.
Yearning for the Spotlight ?
Let’s Find a Way to Get You Covered. Contact  michael.kirner@ngkf.com 

 


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3 NKF Influencers Changing the Game

NKF NorCal / November 05, 2019


Left to Right: Nancy Morse, Jennifer Essner, Jill Arias

NCRE: HALL OF FAME & WOMEN OF INFLUENCE
Hall of Fame Honoree: Nancy Morse
Women of Influence Honorees: Jill Arias and Jennifer Essner
Last month, The Northern California Real Estate (NCRE) Women of Influence program, presented by Allen Matkins and the San Francisco Business Times, recognized women across the spectrum of disciplines in the real estate industry—brokers, builders, designers, developers, lawyers, lenders and owners. Every two years, local professionals are honored for their outstanding achievements, including deals, projects and transactions. Subsequently, the winners are honored at The Northern California Real Estate Women of Influence awards luncheon at the Four Seasons Hotel in San Francisco. The recognition also includes online and printed editorial coverage in the San Francisco Business Times.
2019 Honorees
Among the 2019 awards gala attendees were prominent local business leaders including Mary Huss, the publisher of the SF Business Times. Other business professionals from all walks of life and throughout the Bay Area crowded the fabulous venue inside the Four Seasons Hotel. In 2019, Newmark Knight Frank is very honored and fortunate to have a trio of top talent be acknowledged at this biennial event: Jennifer Essner, Nancy Morse and Jill Arias. Below are excerpts of their achievements. Bravo! 
NANCY MORSE
Senior Managing Director
Newmark Knight Frank
Years in Business: 26, 5 in her current role
Business/Specialty: Environmental Consulting
Accomplishments: As a Senior Managing Director at Newmark Knight Frank, Nancy is responsible for providing transaction and real estate advisory services for Fortune 500 and private companies, including Kaiser Permanente, Sony Electronics, Qualcomm Inc., Panasonic Research and Development Co., and Wells Fargo Bank, locally, nationally, and/or globally. She has over 30 years of experience as a commercial real estate broker and advisor, consistently ranking as one of the top producers in both the San Jose and national office markets. She is actively involved in community initiatives, such as Napa Community Projects, Inc., a non-profit women’s organization that raises money for local philanthropic initiatives, and in bolstering other women in commercial real estate through her longtime involvement with CREW.

 

“ I believe the trend of promoting women, and diversity in general will gain even more momentum in CRE and other business niches throughout the US, ” says Nancy.

+ Read More About Nancy in the SF Business Times
+ Contact Nancy Morse

 

JILL ARIAS
Executive Managing Director
Newmark Knight Frank
Years in Business: 30, 9 in current role
Business/Specialty: Corporate Transaction Advisory Services
Accomplishments: As an Executive Managing Director at Newmark Knight Frank, Jill advises major corporate real estate tenants with strategy, site selection, financial analysis, transaction negotiations, and reporting, as well as the acquisition and disposition of commercial assets. She is recognized as a top producer at the firm. Before joining Newmark Knight Frank, she worked for Cushman & Wakefield, where she as one of the company’s Top 100 Brokers. She was also one of the top five directors in Cushman & Wakefield’s Palo Alto office. Jill was honored with Heitman Properties’ Top National Leasing Manager award. She has accomplished all of this as a single mother raising two daughters, both of whom are successful professionals in the commercial real estate industry.

“More women will continue to join our ranks, have a voice, and become successful leaders in the commercial real estate industry,” says Jill.

+ Read More About Jill in the SF Business Times
+ Contact Jill Arias 
JENNIFER ESSNER
Senior Managing Director
Newmark Knight Frank
Years in Business: 22, 15 in current role
Business/Specialty: Commercial Real Estate Brokerage
Accomplishments: Jennifer began her brokerage career in 2004, joining Newmark Knight Frank’s San Francisco office in 2018 as a Senior Managing Director. She focuses on corporate real estate advisory services for global, national and Bay Area companies. Her work includes representing tenants in their acquisitions and dispositions, leasing, subleasing, financial analyses, site selection, due diligence, and contract negotiations. Jennifer’s list of transactions includes closing over 400,000 square feet of leasing deals for a major technology company and the disposition of 1-acre development parcel in downtown Oakland.  According to Jennifer, “At the end of the day, I measure my success by negotiating the best deal possible, feeling like everyone gets their win, all while staying humble and likable yet strong and capable throughout the process – and injecting a little laughter here and there always helps.”

 “As brokers, we are thrown into the fire of an exceedingly competitive and male-dominant environment, a landscape that clearly fuels me,” says Jennifer.

+ Read More About Jennifer in the SF Business Times
+ Contact Jennifer Essner 

 

Related Stories

 

NKF Rockstars in the Spotlight
+ Roll Out the Red Carpet
NKF NorCal 

 

 

NKF Sponsors ELEVATE
+ 8 NKF Brokers Nominated 
NKF NorCal 

 

 

Equality in Office & Playing Field
+ Diverse Power Brokers Score 12 Goals; Top League
NKF NorCal 

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Blue Bottle Moves to Sacramento

Mike Kirner / November 04, 2019


Story by Mark Anderson, Sacramento Business Journal
Blue Bottle Coffee Inc. took a long-term lease in one of the last available industrial spaces in West Sacramento’s Riverside Commerce Center. The coffee company will roast beans for all its California retail cafe operations from a 39,000-square-foot facility. The company is shutting down its roasting operations in the Bay Area, said Kevin Jasper, senior managing director of commercial real estate brokerage Newmark Knight Frank. Jasper and Skip Vanderbundt represented the landlord, Harsch Investment Properties.

“It is so expensive to do food manufacturing in the Bay Area. When Blue Bottle signed the lease for the building in 2017, it was for 12 years, which is long for an industrial lease,” Jasper said.

It makes sense to go so long, however, considering the significant infrastructure improvements that needed to be made to the building, he said. According to Jasper:

“Blue Bottle basically converted a warehouse into a food manufacturing facility. That required more robust utility connections, more power and other investment.”

The West Sacramento location will be strictly for manufacturing and not customer facing, Jasper said. He said that the industrial park is now mostly built out, and it has very few vacancies. Blue Bottle opened what was then a packaging operation in Riverside Commerce Center last year, the city of West Sacramento announced at the time. In 2017, Nestle purchased a majority interest in Blue Bottle. Bloomberg News reported at the time that the world’s largest food company acquired a 68% stake in Blue Bottle for $425 million.  The Sacramento region is already home to coffee roasters such as San Francisco Bay Coffee Co. in Lincoln, and Java City Coffee, Pachamama Coffee Cooperative, Old Soul Co., Coffee Works LLC, Temple Coffee Inc. and Insight Coffee Roasters, all in Sacramento.
Read Full Story

Other Sacramento Stories

 

 

 

Sacramento Business Journal
+ Lennar Buys Antelope Property for $24,000,000
Guy Spitzer

 

 

 

Sacramento Business Times
+ Space Dwindles; Rents to Spike
Dan Chamberlain

 

 

Spotlight on Sacramento
+ Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

 

 

2019 ACRE Awards
+ Broker of the Year Awards
John Frisch, Kelly Rivett, Kevin Jasper, Todd Eschelman, Murray Wachtel 

 

Comstock Magazine
+ CRE Pros Weigh in on Real Estate
Chris Lemmon

 

 


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# Power Brokers Score 12 Goals; Top League

NKF NorCal / October 31, 2019


Diverse, Coed, Multi-Cultural & Undefeated
NKF POWER BROKERS are 2-0
Sitting at the top of the Sports4Good Thursday Night Coed soccer League are the newly founded NKF Power Brokers who have scored 12 goals in their first two games and have conceded just 5 goals. Cristina “Q” Quintero, Dash Peyton and NKF’s David Nowak contributed to the scoring. Gabriel Dion and Paolo Biondi drove the offense forward and peppered the opponents goal with numerous shots.

The NKF Power Brokers team is comprised of an eclectic collaboration of NKF employees, business associates, Linkedin contacts, friends and extended family members.

About the NKF Power Brokers
With players from the Japan, United States, Mexico, Germany, Chile, Italy, India,and other countries, this is a multi-cultural and multi-faceted collaboration. A melting pot of diverse players from all corners of  the Bay Area strap on their shin guards and cleats every Thursday evening and go to battle.

According to Defender & Coach Mike Kirner: “We’re all equal in the office, as well as the playing field and work together as one team; one cohesive unit…… on the road to hopefully securing even more victories.”

 

Newmark Knight Frank NorCal is sponsoring this multi-cultural co-ed soccer team for the Fall 2019 Sports4good soccer season at Beach Chalet Fields in the Outer Richmond District of San Francisco. See our full schedule here. 

The team was founded to honor this year’s incredible Women’s World Cup Champs, Team USA, and to promote multi cultural diversity, not just in the workplace, but on the soccer field. 

 

 

According to  NKF Executive Vice President, Chris Lemmon, 

What I like especially about this initiative, is we’re not simply sponsoring some local soccer team and then hoping to get some exposure; we are tying this into ALL the relevant issues that are part of a modern and diverse workplace environment.

 

Where:
Beach Chalet Soccer Fields in Outer Richmond, San Francisco are located directly behind the popular San Francisco restaurant with the same name. This complete soccer facility is very close to the world famous Cliff House. Its proximity to Ocean Beach, Marin County and the rest of the City makes this an appealing destination for tourists, locals, surfers and soccer fans. A dog beach is located near the soccer pitches. Beach Chalet Fields Site. 
When:
Season Starts Thursday, October 17th. It’s a 10 week season with Playoffs.
What:
It’s 8 on 8 co-ed matches with goalies and quality referees. Games are usually at 7:00 or 8:00 pm., with two games at 9:00 pm . Important to show up early to stretch, folks. People outside of NKF can join also. Shin guards required. Read rules here. 

 

Why:
To celebrate the awesomeness of the USA Women’s Team 2019 victories, multi-cultural diversity, equality, collaboration and international awareness in the workplace and the soccer pitch. It’s also a great excuse to  get back in shape.
Who:
Check out all the players and their nationalities on our current roster by looking at the far right column, or at the very bottom of this story on your mobile device. Most players have played competitive soccer at the high school level and higher.

 

Sign Up For Next Season: 
We’re totally full this season, Please send an email to our soccer coach and team leader here. We’ll put you in our database for new players. 
No Hidden Fees: (Except Your Uber Ride to the Game)
For those players who are selected, there is no fee to join, but we are asking for players who can commit to one full season of 10 games. In other words, please show up!

This is an organized league with referees, goalies and most players have played at the high school level or higher.

While this is labeled as a “recreational” level league, there are quite a few players who have a decade or several decades of soccer history.  Some of our players are former NCAA 1st Division standouts, College All – Americans and semi-pros. These matches require a lot of running and both aerobic and anaerobic conditioning will be highly sought after qualities in our players.
Sign Up Here for Next Season Begins in January 2020
We already have a 23 member co-ed squad, so if you wish to play next season, please send an email to our soccer coach and team leader. Please provide brief soccer playing history. 
Rules of 8 on 8 Co-Ed Soccer
+ More Information About the League
+ Beach Chalet Soccer Fields
+ 8 on 8 Coed Soccer Rules

 

Current Roster:

  1. Gabriel Dion –  Gabe is a Director of Corporate Services for Newmark Knight Frank in San Francisco. He started to play soccer at six years of age, which was a bit odd for a French Canadian at that time to choose soccer over hockey. By the age of sixteen he was competing with a regional team of the best players. He continued to play soccer throughout high school in Canada. Today, he runs marathons to keep in shape and he’s looking forward to helping the Power Brokers with his stamina.
    Paolo  Biondi – Everyone who plays local soccer knows Paolo in The City by the Bay. “Arguably the best defender I’ve ever seen,” says the NKF Power Broker coach. Paolo is both an incredible Sweeper who reads the game like it’s a book he wrote and an offensive driver. Clearly of Italian descent, he is also a workhorse and leader. Borussia Beach Chalet veteran. 
    Toni Sander Banks – Soccer Coach by day and baller by night, the beautiful game has been a defining force for this life long Soccer Junkie. From the pocked middle school fields of youth to the pinnacle of a semi-pro run with the SF Nighthawks, through various leagues and pick up games scattered around the world, Toni’s motto is  “have boots, will travel “...literally.
    Ryan Lamb   A Project Manager with Newmark Knight Frank San Francisco, Ryan played intramural soccer in college. An Oakland resident, he’s relatively new to NKF and he’ll be playing part time goal keeper. At 6 foot 2 inches, Ryan is looking forward to saving a goal or two and substituting for midfield players. 
    1. Travis ” The Move” Zeiler – As the inventor of the “Travis Zeiler Move,” Travis works for Newmark Knight Frank affiliate the CRE Group in SF. He’s a former high school soccer player whose European heritage hails from the mountains in Austria. Travis is a pilot, actor, photographer and man about town.  He has played bit parts in several popular Hollywood movies, including Steve Jobs. He lives near Ocean Beach in the City and likes to surf. 
    Kyle Ma   He’s a designer and works for Newmark Knight Frank in the City and he’s agreed to share some of the goal keeping duties during the season. Kyle hasn’t played a ton of soccer in his life, but he’s athletic, young and looking forward to being part of the inaugural “Power Brokers”  first season. 
    1. Megan McArthur –  Megan is a retail broker who works out of  NKF’s San Jose office. As both a midfielder and a forward, she was the 2016 Student Athlete of the Year and Offensive Player of the year at Southern Oregon University. In 2016 she was also on the CCC All Conference 1st Team, an All American Honorable Mention, as well as a member of the 2016 NSCAA All Regional Team. During her college career, Megan’s other honors included Women’s Soccer Team Captain, Student Athlete of the Year Runner Up and CCC All Conference 2nd Team. At Presentation High School, she was named first team all-league as a senior, second team as a junior and honorable mention as a sophomore. She is looking forward to the inaugural Power Brokers game on October 10th and to meet more of the Newmark Knight Frank family.
  1. Diamonne “Money” Mitchell – Diamonne is the fiancee’ of NKF Norcal’s Maurice Spikes, and has played soccer and has competed at the college and semi-pro level. She is a former Division 1 Track and Field athlete for the UC Davis Aggies in the long jump and triple jump. Diamonne also earned all-section and all-league distinction as a forward during soccer season. She led both her high school and club soccer team to division and state championships. Diamonne played club ball for Katana (Santa Maria, Calif.), earning NSCAA All-Region acclaim in 2008. Her favorite things about soccer are the camaraderie with teammates and the adrenaline rush from sprinting up and down the field. 
  1. Brad “Hattrick” Nickless – A tall, English gentleman and Borussia Beach Chalet veteran,  Brad is a scoring machine. Dubbed “the Alan Shearer” of Beach Chalet, hat tricks to him are nearly as common as a Millennial staring at their iphone. Look for Brad to make a contribution on his first match. 
  2. Fasica ” The King” Alemayehu  Star Ethiopian Striker and soccer standout with a penchant for brilliant dribbling and leaving players in the dust. Fasica once nutmegged Sunil, a local Indian legend, two times within the same dribble.
  1. Poppy “Two Touch” Vidrio –  Excelsior resident Poppy is a Pseudo- Legendary Mexican/American Professional who has documented proof he played with pro team Chivas as a youth in Guadalajara, Mexico. According to Mexican soccer history, his nickname was “Manetas.” Among the more senior players on the Power Brokers, Poppy is good at shielding the ball and passing it off to younger, faster players. Look for a plethora of assists and hyperbole when Poppy’s working his two-touch magic. 
  1. Kaz “Super Kaz” Ohno –  A seasoned Japanese finance wizard  and business man working in the Silicon Valley.  A resident of Redwood City, he’s not just fluent in English, Japanese, Portugese and monster Excel spreadsheets, but he’s a  former standout in the historic ” Made in France” teams of the 1990’s.  Super Kaz once scored two penalty kicks within a 10 minute period.  His favorite team is the Brazilian national team, but despite his decades of financial training, he cannot come to grips with the fact that overall, the Germans have a far better aggregate record.
  2. Mike “German Mike” KirnerNKF Player/Coach Mike Kirner is the Founder of Borussia Beach Chalet & Eintracht Boca Raton. Decades past his glory years, he’s a former member of the Florida Gators and Pi Kappa Alpha club soccer teams. As a youth, Mike spent 10 years wearing Lederhosen,  near Frankfurt am Main. A connoiseur of the “nutmeg”, he once nutmegged Peruvian World Cup star Teofilo “Nene” Cubillas during the Jurassic Period. As a seasoned storyteller, he insists he scored 3 header goals in one half of a men’s soccer competition. Today, he enjoys Weissbier & Sauerbraten from Suppenkueche much more than running sprints. 
    Cristina QuinteroBio coming soon
  • Amber WilsonBio coming soon
  • Kierra ScalercioBio coming soon

 


Comments (20)


ANGELIQUE ASHTON - Newmark Knight Frank

September 18, 2019

Anything we can do to be a leading example within our industry of effortless diversity among teammates, we should absolutely be doing! Go Power Brokers!

Seth Moore-Brown - Moser Associates, San Francisco

September 19, 2019

Would love to join! I may be missing it, but I don’t see a sign up tab/link! Let me know!

Mike Kirner

September 20, 2019

Sign up link is near top of page, or simply send an email to michael.kirner@ngkf.com – Thanks for contacting the NKF NorCal Spotlight Blog.

Geri Varvel - Newmark Knight Frank, Portland Oregon

September 20, 2019

What a fantastic idea! I love to see that NKF is celebrating women and diversity! It’s a great company to be a part of for many reasons – this touches on so many current, relevant and important topics; just love it! Go Team NKF!

Kelly Watts - Newmark Knight Frank

September 21, 2019

When you lead by example, you create a picture of what is possible. Kudos to our fabulous company for paving the way and continuing to highlight and support what is important today!.

Mike Kirner

September 21, 2019

All:
Nice of ya’ll to comment and share this on Linkedin! Look forward to more initiatives promoting women, diversity and all that things that make our brand a great one. !

Karl Westeld

September 21, 2019

Das is eine ganz wunderbare Idee! Darf ich vielleicht mitmachen? Ich heisse Karl Westfeld und habe frueher viel Fussball geschpielt. Ich melde mich. Danke.
K. Westfeld
San Francisco

Lisa Campbell - Newmark Knight Frank

September 21, 2019

This is awesome! Thank you for promoting diversity, equality…… and doing really cool things like this.

Mike Kirner - Newmark Knight Frank NorCal

September 21, 2019

Danke Schoen, Herr Wesfteld!
Sie koennen mich at – michael.kirner@ngkf.com – erreichen. Ich freue mich auf unser Erstes Spiel und die Antwort zu der Frage ist “natuerlich koennen Sie mitmachen.” Ich hoffe dass wir uns bald treffen.

Mit Freundlichen Gruessen!
Ciao
Mike Kirner

Rachel Pagan - Business Office Manager, NKF NorCal HQ

September 23, 2019

Diversity and mutual respect for men and women in the workplace and on the athletic field I think really hits home with what’s going on today! I appreciate that we are sponsoring important initiatives like this one.

It’s great that Newmark is paying homage to women and Team USA! Thank you Power Brokers for being our champions!

Love the tribute to women and the important effort behind diversity in the workplace, as well as the sports field. Bravo to NKF NorCal for leading the way and putting together such an international team.

Andrea Arata - Research Director NFK San Francisco

September 23, 2019

Great idea! Love that we are highlighting our company in so many different ways with this – our teamwork, our diversity, and our strength.

Gabriel Dion - Newmark Knight Frank SF

September 26, 2019

Interested! Let me know if there’s still room to join (full or part-time). And thanks for the organization of all of this.

Mike Kirner

September 26, 2019

Gabriel:

We’re filling up quickly! I can still put you on the roster, because often in these leagues players go out of time or have injuries here and there. Keep you posted and thanks so much. MTK

Rachael Auwae - NKF Portland, OR

September 26, 2019

I am thrilled with the inclusiveness and multinational dynamic happening here. Kudos to you, Mike, for putting this together. 🙂

Mike Kirner

September 26, 2019

Thanks Rachal. So great to speak to you in Portland the other day. Hope one day to collaborate on something like this up in the great NW! My best MTK

Chris Lemmon - Executive Vice President - NKF Sacramento

September 27, 2019

I am impressed with the caliber and scope of this type of company initiative – the player bios are interesting. What I like especially is we’re not simply sponsoring some local ball team and then hoping to get some exposure; we are tying this into all the relevant issues that are part of a modern and diverse workplace environment. Looks like a lot of work to run up and down the field. Sure you can handle that, Mike? !

Stephanie Miller - Business Operations Manager - NKF Sacramento

September 27, 2019

This is great! How can we get these same shirts for our soccer team? We have the 4th annual CRE Championship Cup and charity drive coming up in Sacramento next month and we’d like to piggyback with you on a jersey order. The CRE Soccer Cup is hosted by the local professional soccer team, the Sacramento Republic FC. This year’s event benefits foster and youth organizations.

Thanks for promoting and nurturing the importance of equality in the office and on the playing field.

Megan McArthur - Retail Broker - NKF Silicon Valley

September 29, 2019

Excited to celebrate some diversity and win some games! I’m looking forward to being part of the NKF Power Brokers inaugural season………


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#Globe Street

NKF NorCal / October 26, 2019


Spotlight Launches
Earlier this summer, Newmark Knight Frank NorCal  launched “NKF NorCal Spotlight,” a blog portal focusing on the booming, local commercial  real estate scene and the many creative talents of the people who make NKF NorCal their home. 
Globe Street has featured a story about the NKF NorCal Spotlight Blog. Check it out here. Among other things, the Globe Street story highlights the social platform’s diverse content and unique and bold design. “I like the NKF NorCal Spotlight blog because it definitely stands out from many of the other industry blogs I’ve seen in the CRE niche,” said Lisa Brown, multi-decade CRE marketing professional and contributor to GlobeSt.com

“Many companies seem to just ‘go through the motions’ of creating a blog simply to have one.  It almost seems like an afterthought.”

“After a while the content seems stagnant for long periods; and the whole reading experience is bordering on a bit boring. What I like about the NKF NorCal social platform is that it’s constantly updated, revised, reworded and there’s some energy and a personal touch and attitude behind many of the stories. Love the design also; definitely attention getting,”  Brown said.

According to NKF’s Mike Kirner, “The Heart & Soul of Social Media is an active, vibrant and constantly updated blog. In my experience, it is the undisputed content centerpiece of the online universe.”


Light-Hearted, Delicious Content
An unexpected element of the NKF NorCal Spotlight are stories that aren’t usually part of a CRE blog platform.  Senior Managing Director Chip Wiser, a thirty-year CRE veteran writes a monthly guest blogger column titled “Words by Wiser,” where he reviews his favorite San Francisco restaurants.

“My friends and contacts already know what I do for a living; sharing stories like this is a pure joy,” said Wiser.

Wiser also regularly publishes his restaurant reviews on Linkedin’s blogger platform.


Senior Managing Director Tom Poser writes “3 Points by Poser,” an insightful collection of business and life tips which incorporate his background in playing and coaching basketball throughout his long career.

“It shows how sports and business in my life are inevitably intertwined,” said Poser.

One of the year’s most popular Linkedin posts is repurposed as an educational social media story which  illustrates the power of Linkedin and is titled 23,396 Reasons Brokers Should Use Social Media. 
Building the Online Brand
Of course the blog also provides readers with transactional stories and newsworthy updates.  Kirner says the NKF NorCal Spotlight gives  Newmark Knight Frank’s brokers and staff a vested interest in expressing themselves and their personal brand online. “Encouraging  out of the box thinking and maybe having a bit of fun while you’re at it, is what this blog is all about. This strategy not only promotes  social sharing, but focuses on individuality and creative expression; and it’s all wrapped up in one really cool CRE blog. And bravo to Candice Liu, Creative Director NW Region, who was the fabulous lead designer! ” said Kirner.

 

 

Blog Features CRE News, Diversity Stories & Restaurant Reviews.

 

Most Popular Stories

 

 

Chilean, Italian, Mexican & German Form Team
Now Seeking Players for Fall 2019  League
Kyle Ma, Ryan Lamb, Travis Zeiler

 

 

Spotlight on Santana West
Santana Row Expands in San Jose
Tracy Solari, Todd Shaffer, Randy Gabrielson

 

NKF Power Brokers Kickoff Oct.10
Melting Pot Co-Ed Team to Dominate Fall Soccer
Paolo Biondi, Kyle Ma, Ryan Lamb, Travis Zeiler

 

 

Spotlight on NKF Rockstar Brokers
Roll Out the Red Carpet
Award Winning NKF NorCal Brokers

 

 

Name The Pyramid
Landmark Transamarica Pyramid is For Sale
Mark Geisreiter, Andrea Arata,  Ari Rokeach, Travis Zeiler

 

 

 

 

Sacramento Business Times
Space Dwindles; Rents to Spike
Dan Chamberlain

 

 

Spotlight on Pursuing Excellence
Three Points by Poser 
Tom Poser

 

 

 

Spotlight on Oakland
The Snake Before Uber:  Oakland’s Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

 

 

Spotlight on Industrial in Sactown
Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

 


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#Major Developments

NKF NorCal / October 25, 2019


NKF NorCal Wins Significant Leasing Assignments
During the last three quarters, NKF NorCal broker teams have pitched and won some of the most coveted assignments in the region. From Alameda’s North Loop 3 to Silicon Valley’s newest and most modern development projects, we have our irons in many fires and our hands on the pulse of the CRE industry. 

 

North Loop 3, Alameda: R&D/Advanced Manufacturing campus
In the Spring of 2019, Newmark Knight Frank (NKF), developer srmErnst, and Hillwood Investment Properties teamed up for an open house to showcase one of Alameda’s prized new gems: It’s a sprawling, state-of-the art, six building R&D/Advanced Manufacturing campus with a prominent location, right at the geographic center of the Bay Area. Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants.
2020 Occupancy
Scheduled for occupancy in the spring of 2020, the business park consists of six, brand new buildings, measuring from 23,955-square-feet to 47,910-square-feet. The buildings are on a 12-acre parcel and are available for sale or lease. Among many of the appealing business advantages of North Loop 3 are: a central Bay Area campus, close to San Francisco, the Peninsula, Oakland & SF International Airports, Port of Oakland and top tier universities; a functional footprint offering heavy power and loading; secure building sites within a well-maintained business park; superior modern construction meeting all codes; high-visibility building to display to customers and employees and low business taxes.
Ingress, Egress
Harbor Bay Business Park also offers excellent freeway access and transportation options, including I-880, the Harbor Bay ferry to San Francisco and South San Francisco, and a business park shuttle to the ferry and Coliseum BART station, which is free to end users. The developer, srmErnst is positioning this project to appeal to manufacturing & R&D tenants who today are demanding more flexible and conveniently located facilities. Interest has been robust thus far and NKF’s Steve Kapp, who is spearheading all leasing and sales efforts with Shawn Klein, has had several discussions with potential tenants.

“When you consider that it takes only 20 minutes on the Alameda Ferry to reach San Francisco, I can’t imagine anything more conveniently located for a workforce or an R&D/Advanced Manufacturing company that requires easy access to all cities in the Bay Area,” Kapp said.

“The potential tenants we’ve been talking to require more than the usual manufacturing or warehouse space, they seek flexible, attractive buildings which allow them to build laboratories, advanced manufacturing and development and research facilities and simultaneously accommodate their growing employee base,” said Joe Ernst, president at srmErnst.
North Loop 3 Website
NORTH LOOP 3 PUBLICITY
Globe Street
The Registry
NKF

 

 

 

Park Point in Milpitas
Global Design Firm HOK Engaged to Lead Transformative Park Point Project Modernization
Silicon Valley, CA  – A joint venture between Embarcadero Capital Partners and PCCP, LLC has acquired the recently renamed Park Point campus from Los Angeles-based Hudson Pacific Properties. The 30-acre site featuring three office/R&D buildings totaling approximately 472,000 square feet, located at 115 – 155 North McCarty Boulevard in Milpitas, is one of the few remaining high-quality headquarters facilities available in Silicon Valley.

HOK, a global design, architecture, engineering and planning firm, who was recently named among the world’s most innovative companies by Fast Company, has been engaged to lead the project’s revitalization as a contemporary, creative workplace.

Vice Chairman Jeff Arrillaga, Executive Managing Directors Shawn Kellenberger and Michael Saign of Newmark Knight Frank’s Silicon Valley office are the exclusive listing agents of Park Point. Park Point offers an optimized, highly efficient, flexible work environment that promotes productivity with best in class indoor/outdoor usable amenity space. This campus will be a key recruiting and retention asset for the next users. Located at the intersection of Highway 237 and I-880, Park Point occupies a strategic location for employers looking to reduce commute times for their employees traveling from all directions to Silicon Valley.

Given the dispersion of talent in the Bay Area, Park Point offers one of the most attractive macro level locations at Silicon Valley’s end of the San Francisco Bay.

Over 50 food, lodging, hospitality and retail amenities are located across the street from Park Point. Park Point also features direct access to the Guadalupe hiking trail and will have shuttle service to the new Milpitas BART station, offering seamless public transit connectivity. Embarcadero Capital Partners Principal Carol Donnelly said, “We have a long history of creating transformative corporate headquarters along the 237 Corridor.”

 “We are thrilled to start working on Park Point with our partner PCCP and the teams from HOK and NKF. We believe this campus is one of the best large blocks of space immediately available in Silicon Valley at an incredibly competitive price point,” said Donnelly.

 

Park Point Publicity
Globe Street
Mercury News
The Registry
bisnow SF
Real Estate Business Online
The News Funnel
Blau Journal
NKF NorCal Spotlight
NKF Website

 

Santana West
During the first week of August, one of the most anticipated office developments in San Jose was launched.  The first of the planned buildings broke ground across the street from the popular Santana Row mixed-use shopping center, which is also home to Newmark Knight Frank, Silicon Valley. It’s amazing what’s become of  Santana Row in the least two and a half decades. Check out the fabulous vimeo video of this project here. 

 

Long Ago @ Valley Fair
Back some years ago, I was starting out my career in real estate with a real estate investment trust that no longer exists: The Hahn Company.  I worked as the Assistant Director of Marketing for the mighty, 1 Million Square Feet Valley Fair Shopping center across the street.  It was one of my first “real jobs” out of college and I just loved it. We had a giant budget for marketing and promotions and our efforts paid off. Valley Fair sponsored high profile and expensive fashion shows and merchants were generating serious and impressive sales figures every month. That shopping center used to generate over $1,000 per square foot and it had over 200 stores.  Clearly, Valley Fair was the undisputed high fashion, super regional shopping mecca.  Today, it’s almost twice as big. Long before it was called Santana Row, Valley Fair’s next door neighbor was a tired, outdated and sad little strip center called Town and Country Village. Today it’s a completely different destination called Santana Row. What a dramatic improvement! Kudos to Federal and what they’ve accomplished here.

 

1 Million Square Feet
The new development, called Santana West, has city approval for nearly 1 million square feet of office space, but the developer is biting off just a piece of that starting with an eight-story, 360,000 square foot office building and a new parking garage with 1,750 stalls at the corner of Winchester Boulevard and Olin Avenue.
Spotlight Article
In a San Jose Spotlight article written by veteran reporter Janice Bitters, wrote about the fabulous new urban project.

Santana Row’s mixed-use live-work-play environment coupled with its superb Silicon Valley location offer a competitive advantage for recruiting.

In a recent interview, San Jose Mayor Sam Liccardo said: “You have created a sense of place here,” touting the developer’s endeavors at Santana Row. Referring to the under-construction office building, the mayor added, “We look forward to something quite extraordinary happening soon.” Read more of the Mayor’s remarks in the Mercury News.
The first office building, One Santana West, is expected to be available for tenants during the first three months of 2021. The second office building, the 360,000-square-foot Two Santana West, could become available as soon as the first three months of 2022.

Randy Gabrielson, Todd Shaffer and Tracey Solari of Newmark Knight Frank are in charge of marketing and leasing Santana West.

 

“We have the ability to offer tenants all the amenities of Santana Row, and we have a tested and first-class landlord in Federal Realty,” said Gabrielson.

Gabrielson also added that this new development will provide a place where companies can recruit and retain employees in a high-quality location.

 

SANTANA ROW & SANTANA WEST PUBLICITY

Read San Jose Spotlight Article
See SV Biz Journal Slide Show
Watch Santana West Video
Read Mercury News Article

 

 

 

 

Santana Row: NKF Silicon Valley HQ
This is an updated recap of the myriad of news concerning Newmark Knight Frank (NKF) Silicon Valley and our continuing involvement in the development of this popular shopping,  dining  and multifamily home destination known as Santana Row. In the Summer of 2018, Newmark Knight Frank moved into Santana Row to occupy 18,451 square feet at 3055 Olin Ave., in a lavish, modern space above Park Valencia hotel. Santana Row includes 50 shops, 30 restaurants, a 215-room boutique hotel, two parks and multiple plazas with outdoor seating, 615 apartments and 219 condos. Following the relocation, NKF President, Northwest Region Chuck Seufferlein told the SV Business Journal,

“It’s great to plant our flag at Santana Row. The location makes us even more accessible to regional, national and global clients with real estate needs in Silicon Valley and beyond.”

Our relocation was another example of professional and tech office tenants choosing to locate in mixed-use environments that combine residential, retail, food and entertainment. In 2017 Big data firm Splunk (represented by NKF) moved into 234,000 square feet at Santana Row.

Earlier this summer, Federal Realty Investment Trust, Santana Row’s owner, began construction on a new, 301,000 square foot office building, which is being marketed by NKF brokers Todd Shaffer, Tracey Solari and Randy Gabrielson.

NKF’s Silicon Valley office has long been intimately tied to the growth of the region’s tech sector, helping facilitate growth for most of the Valley’s marquee technology companies at one time or another. Today our service lines are strong in landlord representation, tenant rep, retail, land, and investment sales.  NKF currently has 12 offices located throughout Northern California. Newmark Knight Frank is the largest commercial real estate firm in Silicon Valley, with 115 agents in local offices.

 

700 Santana Row
NKF Silicon Valley is also the leasing broker for 700 Santana Row, a 291K SF office building currently under construction. The eight-story structure features 30K and 50K SF floor plates and headquarter-quality office space.

 

Santana West
Another recent NKF assignment is Santana West, a 1 Million SF development located across the street. Read more about Santana West here.  

 

Santana Row NKF Deal Highlights
2017
500 Santana Row – 234,622 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2018
700 Santana Row – 301, 019 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2019
500 Santana Row – 40,022 SF
Tenant: Blue Jean Co.
Developer: Federal Realty
Brokers: Armand Tiano 
Read More
2019
Santana West – 1,000,000 SF
Tenants: To Be Determined
Developer: Federal Realty
Brokers: Tracy Solari, Todd  Shaffer, Randy Gabrielson
Read More

 

Hungry for More Publicity? 
Feed Info to Our Chief Executive Blogger:   michael.kirner@ngkf.com 
FORBES: Where America’s Rich Live
+Executive Vice Chairman in the News 
Phil Mahoney

 

BREAKING: Jay Paul Project Launches
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

BREAKING: Vacaville Shopping Center Sells
+ Globe Street Exclusive
Nick Bicardo, Brandon Rogoff

 

 

 

 

Movers, Shakers & Deal Makers
+ NKF NorCal Brokers Crushing it in 2019
Richard Knudson, Rob LeDoux, Ramsey Daya, Zach LeBouf, Will Thomas, Kathy Knudson, Anthony Pappageorge

 

 

Roll Out the Red Carpet
NKF Top Producers Win Top Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

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#Redwood City Record: $325,620,000

NKF NorCal / October 19, 2019


Blu Harbor
Earlier this summer, Newmark Knight Frank NorCal brokered the biggest multifamily sale in the history of Redwood City. Blu Harbor, a 402-unit apartment community was sold to GID, a privately held and fully integrated real estate investment firm headquartered in Boston, MA, for $325,620,000. The seller was a partnership between Pauls Corporation, a leading capital management and real estate development firm based in Denver, CO, and Fortress Investment Group, a global investment manager headquartered in New York.

402 Unit Redwood City Multifamily Complex
Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor features an array of meticulously designed studio, 1 bedroom, 2-bedroom, and 3-bedroom apartment homes that offer spacious floor plans and condo quality interior finishes.

Blu Harbor offers a best-in-class amenity package that includes a salt water pool with expansive sundeck.

Other amenities include a club-quality fitness center with a spin studio, an outdoor cucina, a sports lounge, complimentary kayaks, a boat launch and a world-class marina outfitted with 64 boat slips. In addition to the property’s contemporary finishes and unrivaled amenity package, residents are drawn to Blu Harbor because of its outstanding location. Located on the east-side of Highway 101, adjacent to a 3,000-acre ecological reserve, Blu Harbor provides residents with a tranquil environment with direct access to local employers and lifestyle amenities along the Mid-Peninsula.

The property is located within a few minutes’ drive or bike ride of Downtown Redwood City, which over the past few years has emerged as the epicenter for some of Silicon Valley’s most dynamic companies.

Redwood City has become increasingly more attractive among the young, affluent demographic that now defines the region.

“Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor is an irreplaceable waterfront community representing one of the most attractive multifamily assets in the entire Bay Area,” said NKF’s John McCulloch.

The NKF Team
The Newmark Knight Frank Investment Sales team, led by Executive Managing Director John McCulloch, Executive Managing Director Mark Leary, and Director Rob LeDoux, served as the exclusive advisors on the transaction. Newmark Knight Frank’s Debt and Structured Finance team, led by Vice Chairman Ramsey Daya, Senior Managing Director Chris Moritz, and Director Travis Bailey, secured long-term debt financing for GID.
Interesting Stats
According to available NKF Research Data, this is the largest multifamily sale in Redwood City’s history and the largest in San Mateo County in the last five years, by total price. Overall, and this includes office building sales, this is the second largest deal in Redwood City this year, and the third largest deal in Redwood City’s history.

 

Publicity
Globe Street
Bisnow
Mercury News
San Francisco Business Journal
San Mateo Daily Journal 
Blau Journal
Connect Media
NKF NorCal News Flash

 

 

 

Broker Team Just Close a Huge Deal? 
Let’s Make a Big Deal Out of It! Contact:  michael.kirner@ngkf.com

Major Investment Sales of 2019

 

$116,000,000 Bay Area Portfolio Sale
+ Massive Portfolio Sale by NKF Multifamily Team
Richard Knutson, Will Thomas, Zach LaBeouf, Kathy Knutson

 

 

Sacramento Luxe Sells for $38,000,000 
+ Multifamily Sale in Sacramento
Zach LaBeouf, Anthony Pappageorge

 

 

 

Tribune Tower Sells for $48,000,000 
+ Iconic Oakland Landmark in the News 
Steven Golubchik, Grant Lammersen, Tyler Meyerdirk

 

 

 

 

50% Less Rent. 100 % More Nature.
+ Marin County Has Tech Campus Available
NKF NorCal 

 

 

 

 

Data by Arata
+ NKF NorCal Releases 3rd Quarter Statistics
Andrea Arata 

 


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#Neighbors in Need

NKF NorCal / October 18, 2019


 
Cantor Fitzgerald Relief Fund and NKF Provide Direct Financial Aid to Families Impacted by Northern California Wildfires
On Wednesday, September 11, 2019, the Cantor Fitzgerald Relief Fund and Newmark Knight Frank (NKF) employees directly distributed relief checks of $1,000 to families who lost their homes and are still recovering after the devastating Northern California Wildfires. The relief checks were distributed in numerous communities including Butte, Glenn and Shasta counties. The Northern California wildfire direct financial aid distribution took place in tandem with the Cantor Fitzgerald Relief Fund’s Charity Day, which is held each year to honor those who perished on 9/11 and raises money for hundreds of charitable organizations worldwide.

“It is a privilege to assist those who work so hard every day in their communities to help rebuild their lives in the face of disaster,” said Mike Kirner, NKF Director of PR & Communications – Northwestern Region.

Barbara Ramey, Labor Relations Representative for United Public Employees of California, echoed these sentiments: “The contribution makes a big difference in the lives of people who quite literally have lost every single thing they own.” Previously, the Cantor Fitzgerald Relief Fund and NKF assisted firefighters who had lost their homes battling the Southern California Wildfires.
 
About the Cantor Fitzgerald Relief Fund
On September 11, 2001, 658 Cantor Fitzgerald friends and colleagues and 61 Eurobrokers employees were lost in the World Trade Center terrorist attack. On September 14, 2001, the Cantor Fitzgerald Relief Fund was formed with an initial donation of $1 million from Cantor Fitzgerald and BGC Partners Chairman and CEO, Howard Lutnick. Mr. Lutnick and the Firm’s partners underwrote 100 percent of the expenses of the Relief Fund so that every penny of its income was paid out to those in need. In addition to the families of Cantor Fitzgerald’s employees who were lost on 9/11, the Relief Fund also assisted family members of World Trade Center victims from 14 other companies.
 
$180 Million Distributed
The Relief Fund raised and distributed over $180 million to over 800 families and 932 children of the victims of this tragedy. Since 9/11, the Relief Fund has expanded its mission to assist families impacted by natural disasters and emergencies, including Hurricane Maria and Irma in San Juan, Puerto Rico, the Southern and Northern California Wildfires, Hurricane Harvey in Houston, TX, the tornado in Moore, Oklahoma, Superstorm Sandy in NY, Hurricane Katrina in the Gulf Coast, the tsunami of 2004 and the Haiti Earthquake. The Relief Fund also works to assist wounded members of the U.S. military. Since its inception, it has distributed over $336 million.
 
+ To donate, please visit the Cantor Fitzgerald Relief Fund website here 
 

100% of every dollar raised by the Cantor Fitzgerald Relief Fund goes as direct financial aid to those affected by natural disasters and emergencies, direct service charities, and wounded members of our military.

 

CNBC 
+ Cantor Fitzgerald CEO Remembers  9/11
Howard Lutnick

 


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#EAST of The City

NKF NorCal / October 18, 2019


The East Bay

With offices throughout the Bay Area, Newmark Knight Frank is involved in hundreds of commercial real estate transactions, sales and leases every single year. Below are deals which recently closed in the cities of  Walnut Creek, Oakland, Pleasanton, Hayward, Richmond and Concord.
Growers Square Secures Consulting Firm Slalom
Walnut Creek, CABreck Lutz, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented Growers Square owner Rockwood Capital in lease negotiations with Slalom, represented by Mike Saign of NKF San Jose and Rich Hoyt of NKF Walnut Creek. Slalom, a modern consulting firm focused on strategy, technology, and business transformation, is headquartered in Seattle, Washington and employs more than 7,000 people in 27 offices in North America and London.

Growers Square, is a three-building, Class A office complex totaling 180,000 square feet.

 

Beer Delivery Company Hopsy Relocates in Richmond
Richmond, CA – Jeff Lahr and Jim Clark of Newmark Knight Frank Oakland represented the Landlord in deal negotiations with Hopsy Inc., a taproom quality beer delivery service company represented by Tom Southern, also of Newmark Knight Frank Oakland. Hopsy, based in the Bay Area, leased 56,805 square feet of warehouse and distribution at 4909 Central Avenue in Richmond, just around the corner from their current location in the southern portion of Richmond, and plan to occupy the new space in the third quarter.
Portrait Displays Renews at Pleasanton HQ
Pleasanton, CA – Jeff Morgenstern of NKF Walnut Creek represented Portrait Displays, a software company that combines the latest in color science with advanced display technology, in the renewal of their 11,750-square-foot lease at 6663 Owens Drive in Pleasanton, where they have been located since 1996.

In addition to the Pleasanton headquarters, Portrait Displays has offices and representation in Seattle, Germany, Taiwan, Japan, and Korea.

Warehouse Portfolio Sells for $4.7 Million
Hayward, CA – Tom Fehr of NKF Walnut Creek and Zach Smith of NKF Oakland represented the seller, Kaluanian Living Trust LP in the investment sale of 2214 and 2242 American Avenue in Hayward for $4.7 million. Paul Mueller and Spencer Jenkins of NKF Oakland represented the buyer, Lakeside Non-Ferrous Metals Inc. in the acquisition, which consists of 29,400 square feet of warehouse space among 21 units in two buildings.

 

Corporate Center Retains Eichleay Engineers
Concord, CA – Tom Fehr, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented the ownership group of Harbert Management and Montgomery Advisors at Corporate Centre in a 37,000-square-foot renewal of Eichleay Engineers’ lease at 1390 Willow Pass Road. Headquartered at the Property since 2006, Eichleay Engineers provide a comprehensive range of integrated engineering, architectural, project and construction management services. Corporate Centre is a highly efficient, two-building Class A Office Project that is easily accessible off Willow Pass Road in Concord and within walking distance to an abundance of new area amenities.

The project benefits from the recent delivery of a new state-of-the-art conference room and a best-in-class fitness facility in the comparable market.

Non-Profit GiveWell Leases Space in Lake Merritt Plaza
Oakland, CA – Jonathan Tomasco of NKF Oakland and Will Scovill of NKF San Francisco represented GiveWell in the signing of a 7,574-square-foot lease at Clarion Partners’ Lake Merritt Plaza, located at 1999 Harrison Street in Oakland. GiveWell, a non-profit that evaluates charities based on their cost-effectiveness, will occupy its new 12th floor suite in the fouth quarter.
BREAKING:
Market Remains Insulated from Wobble in Economy
+ Oakland Will be San Francisco in 5 Years or Less 
Andrea Arata 

 

 

CRE ReKapp
+ East Bay Broker Kapp Judges at Prominent Tech Awards in NY
Steve Kapp

 

 

17oo Broadway for Sale
Downtown Oakland Asset Last Sold for $13MM +
Tyler Myerdirk

 

 

NKF Oakland Advises on $116 MM Deal
+ Multifamily Sells Mega Bay Area  Portfolio
Richard Knutson, Will Thomas, Anthony Pappageorge, Zach LeBeouf, Kathy Knutson

 

Spotlight on Oakland
The Snake Before Uber: Oakland’s Professional  Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

 

 

Your New HQ Awaits in Alameda
+ R&D/Manufacturing Campus North Loop 3 Creates Local Buzz 
Steve Kapp, Shawn Klein 

 

 

 

 

 


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#On the Waterfront

NKF NorCal / October 17, 2019


Shoreline Office Park in Mill Valley
Newmark Knight Frank San Rafael has been awarded the listing assignment for one of the North Bay’s most conveniently located office parks: Shoreline Office Park in Mill Valley. As the name suggests, the sprawling, Class A, two-building office complex sits directly on the pristine shoreline of Richardson Bay on the Border of Mill Valley and Sausalito. It is located approximately 7 miles north of San Francisco.

The 100,000 sq ft office campus location is nestled near protected wetlands, a wildlife sanctuary and close to many local restaurants and retailers.

Anybody who lives in Southern Marin or San Francisco can tell you that proximity to HWY 101 and the City is of utmost importance. For commuters, this is likely among the number one most appealing aspects of Shoreline Office Park.
45,496 SF
Glassdoor, the major tenant in the property, is moving to San Francisco in order to expand and consolidate with its sister company, Indeed. This presents the opportunity to lease up to 45,496 square feet and provide a world class waterfront work environment nestled between U.S. 101 and Richardson Bay in the high-demand Southern Marin submarket. Check out photos of Shoreline Office Park here. 
50% Less Rent. 100% More Nature.
San Francisco is located a mere 7 miles from Shoreline Office Park and the savings a startup, tech brand or bio science tenant would realize in one calendar year is enough to make your accountant sit up and take notice.

The  full building occupancy opportunity provides freeway visible signage, spectacular views, immersion in nature, extremely efficient layout and popular amenities at a fraction of occupancy costs in San Francisco.

 

Fourth Quarter 2020
The building is available for lease in the 4th Quarter of 2020.  Smaller spaces ranging in size from approximately 980 square feet to approximately 3,379 square feet will be coming to market during 2020 also.

Haden Ongaro, Mark Carrington and Alisa Belew in Newmark Knight Frank’s San Rafael office and Mike Brown in the San Francisco office will be executing the assignment.

DESCRIPTION
Shoreline Office Center is a Class A, two-building office complex with 98,861 square feet located in the prominent bayside location of Mill Valley, CA in southern Marin County. The two-story and three-story buildings were built in 1985 and feature distinctive wood and steel framed construction with extensive interior and exterior improvements. Tenant spaces have been designed to provide a wide range of sizes, accommodating a variety of types of businesses.

Nearly all spaces have impressive water or views of the 2,700 foot Mount Tamalpais.

LOCATION
Shoreline Office Center has a breathtaking waterfront location on the shores of Richardson Bay. The entrance is literally next to Highway 101, Marin County’s primary freeway, it’s only seven miles north of San Francisco and offers best-in-market visibility and access.

Additionally, it’s close to public transit including both the Larkspur and Sausalito ferry.

 

KING OF THE MOUNTAIN DREAM COME TRUE
Whether your workforce consists of avid, KOM (King of the Mountain) cyclists or casual commuters who prefer biking to work, Shoreline Office Park is a fairly easy commute from Ross, Kentfield, Fairfax, Larkspur, San Anselmo, San Rafael or San Francisco. Most of the bike paths, trails and roads leading up to this location feature both breathtaking views and provide the ideal five, seven or ten mile workout. .

According to Haden Ongaro, ” This is a serene, coastal environment in the middle of one of Marin County’s most desireable and convenient areas.”

A seasoned cyclist could complete this morning commute via the Golden Gate Bridge from San Francisco in under 42 minutes. The Golden Gate 2 bus and 30 Bus takes roughly the same amount of time. The property also features on-site showers, lockers and several bike shops nearby

“For the right company, this is not just an idyllic and picturesque setting, it will be a dream job location for your staff and a breath of fresh air to your workforce,” said Mark Carrington.

AMENITIES
Spectacular views of the San Francisco Bay and Mt. Tamalpais. Numerous shopping and dining options are minutes away, as are recreational opportunities for sailing, kayaking, jogging and hiking. Popular nearby restaurants include Chinese favorites Tommy Wok and Feng Nan, Buckeye, Mediterranean – inspired Avatar,  FISH seafood, Dario’s Pizza and others. Shoreline Park is only 1.5 miles from downtown Sausalito and 3 miles from downtown Mill Valley.

 

+ Schedule a Property Tour: Contact Haden Ongaro
+ More Shoreline Park Photos
+ Marin Wildlife 
+ Mt. Tamalpais 
+ Local Bike Routes 

Related Stories

 

 

 

 

Commuting to Marin
+ Local Programs Ease Commute
Marin County

 

 

 

Cycling’s Biggest Night
+ North Bay Office Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

 

 

Marin’s Exotic Wildlife
+ Marin Headlands &  Richardson Bay
Marin County

 

 

 

 

 

Water Sports
+Sausalito Kayaking & Sailing 
Marin County

 

 

 

 

 

NKF Helps Out NorCal Fire Victims
+ Checks Disbursed to Families in Need 
NKF NorCal 

 

 

 

 

NKF Power Brokers Win 5-1
+ Co-ed Soccer Team Promotes Diversity;Teamwork
NKF NorCal 

 

 


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#Zymergen

Mike Kirner / October 15, 2019


Breaking News
Newmark Knight Frank San Francisco brokers Bill Benton and Mike Brown recently represented synthetic biology company Zymergen Inc. in a  303,000 +\- square foot lease in Emeryville, CA. Jennifer Vergara & Mary Hines with NKF’s San Mateo office represented the landlord, BioMed.
About Zymergen
Over the past century, the pace of industrial progress has declined as humans have exhausted the ways in which petrochemicals and traditional processes can be used to create new things. Instead, Zymergen uses biology as a source of new chemical building blocks that enable the development of novel products and materials. Zymergen works at scale –– improving industrial economics while making new markets realizable.
Atheoretic Approach
 Zymergen takes an atheoretic approach, leveraging machine learning to navigate the genomic search space to make discoveries far beyond the bounds of human intuition. This enables delivery of material diversity and performance capabilities not previously possible, with applications across industries –– from agriculture, to chemicals and materials, to pharmaceuticals and more.
Fast-growing Zymergen grabs landmark former Chiron space
By Ron Leuty: SF Business Times
Zooming Zymergen, a synthetic biology company using microbes to create new materials for customers in a range of industries — will lease the landmark former Chiron Corp. headquarters in Emeryville as the company swells to 800 people. The move means Zymergen, which calls itself a science and material innovation company, won’t occupy 301,000 square feet across three other Emeryville buildings that it leased in 2017. But a company official said the new lease for 293,358 square feet means Zymergen, which has patched together a network of space as it rapidly grows, can settle into a corporate campus quickly with the prospect to take more space. Full Story in SF Business Times. 

The 12-year lease, at under $60 per square foot, is a big win for Blackstone Group. The developer is also in talks with Emeryville city officials about plans to build an additional, already-entitled 830,000 square feet of additional lab and office space.

+ SF Business Times 
+The Registry 

Other Tech Talk

Tech Deals Thriving
+Roku, Snowflake, Glu Mobile Sage Intacct & Havas Expand
NKF NorCal 

 

 

 

50% Less Rent. 100 % More Nature.
+ Marin County Tech Campus Fits the Bill
Haden Ongaro, Mark Carrington, Lisa Belew

 

 

 

East of the City
+ Oakland, Walnut Creek, Pleasanton, Richmond News 
NKF NorCal 

 

 

 

CRE Tech Awards
NKF Broker Judges at National Tech Awards
Steve Kapp

 

 

Technical, NKF Power Brokers Win 5-1
+ Co-ed Soccer Team Promotes Diversity; Teamwork
NKF NorCal 

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#Liz

NKF NorCal / October 11, 2019


The popular national online CRE news portal Globe Street has selected the best and most talented professionals of the next generation to be a part of the 50 Under 40 Awards. Vice Chairman, Liz Hart, who works out of Newmark Knight Frank’s San Francisco office, has been acknowledged for this annual distinction. Hart has already won multiple other awards during the course of 2019. See all of Hart’s awards here. 
The Superstars 
With a record number of submissions this year, Globe Street’s 50 people under 40 years of age made great strides in 2019 within the commercial real estate industry. You likely know them already: they are the superstars who have stood out from the pack and will likely be at the helm of the organizations of the future. These individuals have a solid track record in the business, not just including transaction volume but also for their contribution to their company’s overall success. See complete Globe Street  list here. 
 
Globe Street 50 under 40
+ See All the Globe Street Winners
+ Love Awards? Here’s More Liz Hart 2019 Distinctions
+ Liz Hart Appointed as Vice Chairman
+ Women Scale Top Rungs in CRE Leadership 
+ Women & Men Collaborate in Office & Playing Field

 

 

Other Top Stories Today

Hart Promoted to Vice Chairman
+ Meet NKF Top Producer Liz Hart 
Liz Hart

 

 

Market Insulated from Wobble 
+ NKF NorCal in Globe Street
Andrea Arata 

 

FORBES: America’s Rich
+Executive Vice Chairman in the News 
Phil Mahoney

 

 

CRE ReKapp
+ NKF’s Kapp Judges at Prominent Tech Awards in NY
Steve Kapp

 

 

BREAKING: Office Towers Underway
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

 

NKF Closes on $326,000,000 Sale
+ Biggest Multi Family Sale in Redwood City History
Rob LeDoux, Ramsey Daya, John McCulloch, Mark Leary, Chris Moritz, Travis Bailey

 

 

 

 


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#TOPICAL Quotes

Phil Mahoney / October 10, 2019


The NKF NorCal SPOTLIGHT BLOG Presents:
This is a compilation of various topical news bites, bylines and articles in which NKF Executive Vice Chairman Phil Mahoney has been quoted in major online publications. As one of the nations’s top CRE producers, he is a sought after thought leader and his opinion counts and his words carry weight. 
Publications
During a career which has spanned  three decades, Mahoney has been interviewed by the Wall Street Journal, The New York Times, Forbes Magazine, Bloomberg, The Silicon Valley Business Journal, The Mercury News, The San Francisco Chronicle, Bisnow, the Registry, Globe Street and many others. This month, we shine the spotlight on Forbes, the San Jose Spotlight and the Silicon Valley Business Journal. 
70, 327 Reasons to Become a Modern Thought Leader 
The first article below in Forbes ran on October 5th. It explains why most rich people in the world live in California. It has already generated over 70,000 views. Blogger Note: What is especially satisfying about Forbes magazine is that they actually publish the number of page views an article generates. This number changes throughout the day. By the end of October, that number will likely surpass 75,000 views. Talk about Thought Leadership!

 

 

” Obviously, the economy of California has been very strong. Silicon Valley sort of drives the California economy, which drives the national economy.
Those that have been creative and risk-taking enough have really benefited from the decades-long cycle of expansion we’ve had here.”
+ Read More

 

I used to look at our top 10 brokers and say, Well, I’ll never be one of them.
Hopefully, I can make a living at this.
+ Read More

 

 

 

 

 

Gensler and Jay Paul Co have done a great job creating the workplace of the future.
All are walking distance to multiple forms of public transportation and amenities.”
+ Read More
+ Mahoney on Linkedin
+ Mahoney’s Profile on NGKF.com

 

STAY TUNED FOR MORE TOPICAL QUOTES 

 

 

Other Hot Topics

Office Towers Underway in Silicon Valley
+ 200 Park Avenue Breaks Ground  

 

 

Mercury News
+ Google in the News 

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#Big Deal Makers

NKF NorCal / October 10, 2019


2019 Deal Highlights
In 2019, Newmark Knight Frank has advised on some of the biggest deals in the region. From Silicon Valley to Sacramento, our broker teams have been involved with the buying and selling of large multi – family assets, as well as entire Bay Area portfolios. We’ve also been fortunate to win major leasing assignments for some of the Bay Area’s largest and sought after office parks and HQ opportunities.
Full Steam Ahead With $116MM Portfolio Sale
Earlier this year, Newmark Knight Frank’s multi- family team in Oakland represented the seller in a $116,000,000 portfolio sale of seven apartment communities in six Bay Area cities. The deal was widely covered in both local and national press.
Bay Area Portfolio
The properties are located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward. San Francisco based Reliant Group Management purchased the portfolio, which consists of 603 apartments totaling approximately 478,345 rentable square feet. The seller was an undisclosed private company. NKF Senior Managing Director Richard Knutson, CCIM, Senior Managing Director Anthony Pappageorge, Managing Director Zach LeBeouf and Associate Director Will Thomas advised on the sale. Kathy Knutson served as leader of the support team.

According to Knutson, “Portfolio deals of this size and scope are historically complicated when they involve just two or three properties. However, when you’re dealing with seven assets in four separate counties, it’s both extremely intricate and rare.”

Exclusive Listing
The Multi Family Team represented the seller under an exclusive listing agreement and initially procured ten purchase proposals.Reliant Group Management, one of the nation’s largest owners and operators of affordable housing, will convert four of the properties (369 units) to affordable housing, utilizing bonds and low income housing tax credits. It is estimated that Reliant Group Management will invest $40,000 per unit in upgrading these communities.
Workforce Housing
Three of the properties (234 units) will continue to be maintained as work force housing and will also receive extensive interior and exterior renovations. Reliant has retained a significant number of personnel from the former owner, reducing employment dislocation. Reliant Group Management President Joe Sherman noted, “At a time when affordable housing is in extremely short supply in the Bay Area, we are able to preserve and protect hundreds of units of affordable housing with this portfolio purchase.” A robust level of social services will be provided by Rainbow Housing Assistance Corporation, a non-profit that serves over 100 low-income communities nationwide.
Publicity
The Registry
Blau Journal
Real Estate Business Online
Globe Street

 

Think Your Deals Deserve National Press?
Let’s Take Your PR to Another Level. Contact michael.kirner@ngkf.com 

 

 

 

 

 

 

Blu Harbor Sells for $326 MM
Newmark Knight Frank NorCal has brokered the biggest multifamily sale in the history of Redwood City. Blu Harbor, a 402-unit apartment community was sold to GID, a privately held and fully integrated real estate investment firm headquartered in Boston, MA, for $325,620,000. The seller was a partnership between Pauls Corporation, a leading capital management and real estate development firm based in Denver, CO, and Fortress Investment Group, a global investment manager headquartered in New York.

402 Unit Redwood City Multifamily Complex
Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor features an array of meticulously designed studio, 1 bedroom, 2-bedroom, and 3-bedroom apartment homes that offer spacious floor plans and condo quality interior finishes.

Blu Harbor offers a best-in-class amenity package that includes a salt water pool with expansive sundeck.

Other amenities include a club-quality fitness center with a spin studio, an outdoor cucina, a sports lounge, complimentary kayaks, a boat launch and a world-class marina outfitted with 64 boat slips. In addition to the property’s contemporary finishes and unrivaled amenity package, residents are drawn to Blu Harbor because of its outstanding location. Located on the east-side of Highway 101, adjacent to a 3,000-acre ecological reserve, Blu Harbor provides residents with a tranquil environment with direct access to local employers and lifestyle amenities along the Mid-Peninsula.

The property is located within a few minutes’ drive or bike ride of Downtown Redwood City, which over the past few years has emerged as the epicenter for some of Silicon Valley’s most dynamic companies.

Redwood City has become increasingly more attractive among the young, affluent demographic that now defines the region.

“Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor is an irreplaceable waterfront community representing one of the most attractive multifamily assets in the entire Bay Area,” said NKF’s John McCulloch.

The NKF Team
The Newmark Knight Frank Investment Sales team, led by Executive Managing Director John McCulloch, Executive Managing Director Mark Leary, and Director Rob LeDoux, served as the exclusive advisors on the transaction. Newmark Knight Frank’s Debt and Structured Finance team, led by Vice Chairman Ramsey Daya, Senior Managing Director Chris Moritz, and Director Travis Bailey, secured long-term debt financing for GID.
Interesting Stats
According to available NKF Research Data, this is the largest multifamily sale in Redwood City’s history and the largest in San Mateo County in the last five years, by total price. Overall, and this includes office building sales, this is the second largest deal in Redwood City this year, and the third largest deal in Redwood City’s history.

 

Publicity
Globe Street
Bisnow
Mercury News
San Francisco Business Journal
San Mateo Daily Journal 
Blau Journal
Connect Media
NKF NorCal News Flash

 

 

 

Broker Team Just Close a Huge Deal? 
Let’s Make a Big Deal Out of It! Contact:  michael.kirner@ngkf.com

 

 

The Luxe Sells for $36 MM in Sacramento
Sacramento, CA – NKF Managing Director Zachary LeBeouf and Senior Managing Director Anthony Pappageorge recently represented ColRich in the $36,250,000 purchase of “The Luxe” apartment home community, a 220-unit multifamily asset measuring ±164,840 Square Feet. The purchase by ColRich further solidifies the company’s commitment to the Sacramento market. ColRich now owns over 1,100 units in the Sacramento MSA. This was an off-market transaction that included two loan assumptions and was a 1031 exchange for ColRich. The seller of the property was Southern California based Latitude Real Estate Investors.
Multi – Family
Located at 2501 Hurley Way in Sacramento, the property is comprised of two separate parcels: 2501 Hurley Way and 2510 Wittkop Way.

“As far as number of units are concerned, this is one of the largest multifamily transactions in Sacramento during the 2nd quarter of 2019,” said LeBeouf.

This is the second 200+unit transaction sold by LeBeouf and Pappageorge in the second quarter of 2019 and the sixth transaction the team has sold in the Sacramento market in the past 18 months. The Luxe is a gated community and amenities include a Business Center, Clubhouse, Courtyard, Fitness Center, Swimming Pool and a Spa. The asset is located roughly 15 minutes from the heart of downtown Sacramento.

 

According to LeBeouf, “ColRich is impressed with Sacramento’s dynamics as a market and will continue investing there because of them.”

 

Press
Blau Journal
Sacramento Business Journal 
The Registry 
NKF Spotlight Blog

 

 

Your New HQ Awaits
+ NKF NorCal Brokers to Lease Major Projects
Steve Kapp, Mike Saign, Jeff Arrillaga, Shawn Klein, Tracey Solari, Shawn Kellenberger, Todd Shaffer, Randy Gabrielson

 

 

 

50% Less Rent. 100 % More Nature.
+ Marin County Tech Campus Fits the Bill
Haden Ongaro, Mark Carrington, Lisa Belew

 

 

 

FORBES: Where America’s Rich Live
+Executive Vice Chairman in the News 
Phil Mahoney

 

 

BREAKING: San Jose To Get New, Cool Office Tower
+ Jay Paul Project Breaks Ground   
Phil Mahoney

 

 

NKF Closes on $326,000,000 Sale
+ Biggest Multi Family Sale in Redwood City History
Rob LeDoux, Ramsey Daya, John McCulloch, Mark Leary, Chris Moritz, Travis Bailey

 

 

Data by Arata
+ NKF NorCal Releases 3rd Quarter Statistics
Andrea Arata 

 

 


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#Trophy Assets

David Cullen / October 10, 2019


Our People are our Trophy Assets
During the course of the year 2019, Newmark Knight Frank NorCal brokers have won numerous awards in both local and national publications. From the Deal of the Year to Power Women.  From the Best of the Bay to the CRE Hall of Fame, NKF brokers are leading the way and paving a path to excellence every day.

We strongly support all the publications that sponsor these important annual awards.

The NKF NorCal PR & Communications team collaborate closely with  local and national publishers, editors and organizers to promote our winners on various social channels.

 

CPExecutive: Distinguished Achievement Awards
Silver Honoree (2nd Place, Nationally): Steve Gulubchik
Commercial Property Executive and Multi-Housing News hosted a joint reception in October, 2019, to honor the winners of the 2019 CPE Distinguished Achievement Awards and MHN Excellence Awards. The event was held at 10 Grand Central in New York City. Now in their ninth year, the CPE Distinguished Achievement Awards recognize the year’s top deals, projects and future leaders. Entries were judged by a distinguished panel of senior industry professionals. ​
MORE INFO

 

 

San Francisco Business Times: Influential Women in Business
Winner: Elizabeth Hart
The San Francisco Business Times’ annual Most Influential Women in Business publication celebrates 124 women business leaders in real estate, law, tech, finance, health care and many other industries. These women work in diverse fields, but all share a passion for what they do. They are leaders in their organizations and their communities. This year’s publication also included complete profiles of all the women celebrated as well as Q&As.
MORE INFO
Globe Street Real Estate Forum: 50 Under 40 Award
Winner: Elizabeth Hart
Every year, Globe Street’s 50 Under 40 list recognizes young, talented individuals that have made strong contributions and strides in the commercial real estate industry. These are individuals who are among the best and brightest in their field, with a proven track record at their company and a positive reputation in the business.
MORE INFO

 

 

Bisnow: Power Women 2019
Winner: Elizabeth Hart
Bisnow is one of the nation’s top CRE publications. Every year, dynamic women in all major cities are acknowledged and honored for their outstanding achievements in the office, their industry and our communities. The winners and guests are treated to a special Power Women breakfast and an inspirational message from recognized guest speakers at Hotel Nikko in San Francisco.
MORE INFO

 

 

 

NCRE: Hall of Fame & Women of Influence
Hall of Fame Honoree: Nancy Morse
Women of Influence Honorees: Jill Arias and Jennifer Essner
The Northern California Real Estate (NCRE) Women of Influence awards honor the contributions and achievements of women in Northern California real estate. The award recognizes professionals across the commercial real estate industry— brokers, builders, designers, developers, lawyers, lenders and owners. The winners are recognized in the categories of Rising Stars, Honorees or Hall of Fame. Select women are honored for their achievements at an awards luncheon and through online and printed editorial coverage by the San Francisco Business Times.
MORE INFO

 

NAIOP Best of the Bay Awards: Best Lease Transaction
Winning Team: Roman Adler, Bill Benton, Mike Brown and Jon Mackey
301, 333, 345 BRANNAN: CRUISE AUTOMATION LEASE
Over 300 members and guests gathered at Four Season Hotel in San Francisco for this very lively and unusual gala event. Unique among all CRE competitions, Best of the Bay features live “pitches” by nominees and interactive voting with attendees using wireless keypads to select winners in real time.  Reminiscent of the 70’s  hit “The Gong Show,” CRE veteran and legendary MC Luis Belmonte gongs those whose pitches fail to entertain.
MORE INFO
CREW & The Registry: ELEVATE
Winner: Hannah Potter, Rising Rock Star
Special Recognition
: Nancy Morse, ELEVATE Committee Chair & Finalist for Industry Impact Award
With over 400 people in attendance, the elegant ELEVATE gala recognizes women & diversity in CRE.  National CRE publication The Registry and CREW do a fabulous job collaborating  and host an elegant, well organized and delightful evening well worth attending. ELEVATE also highlights local companies who have implemented programs promoting greater diversity and inclusion in the workplace, and it shines the spotlight on exemplary women, men, mentors and stand-out CREW members who are making a positive impact. Among the NKF NorCal brokers recognized were Hannah Potter, who won the Rising Rockstar Award; Elevate Steering Committee Head Nancy Morse, and award nominees Meghan Basso, Jill Arias, Bryte Belloti, Sarah Bohannon and Mary Hines. Bravo to Registry co-founder Heather Bosanic, who hits a home run organizing and making this gala better every year!
MORE INFO
San Francisco Business Times: Deal of the Year
Winning Team: Donnette Clarens, Elizabeth Hart and Lauren Whitlock
UPTOWN STATION
At 356,000 square feet, Square’s lease of all of Uptown Station was Oakland’s largest in decades, giving the city a coveted major tech tenant. The digital payments company is moving 2,000 of its employees to this location. CIM Group purchased the former Sears department store for $180 million from Uber in 2017. Now it’s repurposing the building to include eight stories of office space, an atrium and 35,000 square feet of ground-floor retail.
MORE INFO

 

 

SEE MORE 2019 AWARDS HERE

NKF brokers are leading the way and paving a path to excellence.

 

 

FORBES: Where America’s Rich Live
+Executive Vice Chairman in the News 
Phil Mahoney

 

 

50% Less Rent. 100 % More Nature.
+ Marin County  Tech Campus Fits the Bill
Haden Ongaro, Mark Carrington, Lisa Belew

 

 

 

 

Multi-Cultural Team To Launch on the Soccer Pitch
+ 1st Match is October 10
Kyle Ma, Ryan Lamb, Travis Zeiler, Megan McArthur

 

 

 

Cycling’s Biggest Night
North Bay Office Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

 


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#Data by Arata

Andrea Arata / October 07, 2019


BOOM in THE CITY
I work in the heart of the Financial District as NKF’s San Francisco Research Director and commute each morning from Oakland to The City. I’ve been in the real estate business for over two decades and oversee, direct and prepare reports and statistical production including forecasting, quarterly analysis, client requests and database auditing for the San Francisco market. My most recent thought leadership report for the third quarter is featured below.

 

Vacancy drops to 2.8%
At the end of the third quarter of 2019, the overall vacancy rate dropped 40 basis points to 2.8%, and overall availability dropped 70 basis points to 7.8%, while demand of 7.6 million square feet outpaced supply. Year-to-date leasing activity remained constrained, down 26.3% compared with the same period last year.

Despite the tight market, more than 1.0 million square feet was absorbed during the quarter, over half of which resulted from Dropbox’s move into 656,482 square feet at 1800 Owens Street.

Prop M
Of the 3.3 million square feet currently under construction 84.0% has been pre-leased or is rumored to be in leases. Although the city granted Prop M allocations to several developments during the summer, these projects are not expected to break ground this year. As a result, vacancy is expected to stay low, and supply and demand will remain unbalanced until at least 2022 or 2023.

The restricted supply continues to push asking rates, which increased 8.9% year-over-year to $82.23/SF. Class A asking rates increased 10.5% year-over-year to $91.22/SF.

Smaller Leases
Despite the tight market, several landlords have noticed a slowdown in the time it takes to lease spaces of less than 20,000 square feet. One possible reason for this delay is that smaller tenants might hesitate at the longer term lengths required and therefore seek alternatives elsewhere, whether in coworking spaces or nearby markets. Another factor possibly affecting this size range is a change in venture funding over the past few years: the total number of investments has dropped, while the amount of funding has increased, resulting in fewer investments in smaller companies.

If tenants are concerned about rent liabilities on their balance sheets, shorter-term or less expensive leases are a more favorable option.

Wiggle Room
Recent headlines featuring large San Francisco tenants have many people speculating what the long-term result will be if a company puts significant space back on the market. However, with 2.8% vacancy, this market has a lot of wiggle-room: if the amount of space that came back on the market during the eight quarters of recession were to come back on the market right now, it would result in a 6.7% vacancy.
INVESTMENT SALES
Jamestown purchased Levi’s Plaza for $826.0 million from Gerson Bakar in one of the largest office deals in San Francisco history. The building portfolio includes an office footprint of five buildings totaling 931,160 square feet. The largest tenant, Levi Strauss & Co, has a lease until 2022.

In SOMA, Beacon Capital Partners purchased 650 Townsend Street for $602.7 million from Zynga in a sale-leaseback. Zynga will continue to occupy space for 12 years.

Hines & Hong Kong
Two notable partial-interest sales occurred this quarter. Hines and the Hong Kong Monetary Group Authority purchased a 49.0% interest in Park Tower at 250 Howard Street from John Buck Company for $534.0 million. The property is 100% leased to Facebook. Additionally, Paramount and Haral Insurance Investments acquired a 44.0% interest in 55 Second Street for $176.9 million from TIAA-CREF Investment Management. Elsewhere, WeWork purchased 600 California Street, a 359,833-square-foot building where it is the anchor tenant, from Bentall Kennedy for $331.0 million.

Bentall Kennedy had purchased the building in 2014 for $216.0 million. Other trades this quarter include AEW Capital Management and Redco.

 

+ Check Out Andrea in Globe Street Today 

 

BREAKING:
Market Remains Insulated from Wobble in Economy
+ NKF NorCal in Globe Street
Andrea Arata 

 

FORBES: Where America’s Rich Live
+Executive Vice Chairman in the News 
Phil Mahoney

 

 

CRE ReKapp
+ NKF’s Kapp Judges at Prominent Tech Awards in NY
Steve Kapp

 

 

BREAKING: Office Towers Underway in Silicon Valley
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

 

NKF Closes on $326,000,000 Sale
+ Biggest Multi Family Sale in Redwood City History
Rob LeDoux, Ramsey Daya, John McCulloch, Mark Leary, Chris Moritz, Travis Bailey

 

 

 

 


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#

Chip Wiser / October 06, 2019


The Blue Hair Special
When I was growing up the term “Blue Hair Special” referred to a restaurant dinner @ 5:00 PM, as this is when many senior citizens, whose white hair had a slight tint of blue, would dine so they could get home and get to sleep early. While this is likely also the case in today’s environment, it has another meaning in the colorful culinary world of San Francisco.
This Month’s Restaurant Review: Sorrel
Almost all restaurants reserve a few tables at the start of their evening for walk-in diners without reservations. As long as you are flexible, there is a very high probability you will be seated.

This was the case recently, with Sorrel, a nice neighborhood restaurant in Pacific Heights at 3228 Sacramento Street near Lyon.

The only time we could get a reservation was 9:15 PM, so we decided to take an early walk from Nob Hill to see if we could get in at the Blue Hair Special. We arrived promptly @ 5:00 PM, and within 15 minutes the restaurant was packed, which is a very good sign!

 

Chef Alex Hong
Alex Hong is the owner/chef. He graduated from the prestigious, Culinary Institute of America. Alex’s Cuisine at Sorrel is considered “New American” with Italian influences using the highest quality hyper-local ingredients that the Bay Area has to offer.

Sorrel provides a forum for Alex to incorporate and innovate the passion and lessons he has accrued over a decade of learning into a vision of his own.

 

New American = Californian
Hong calls it New American; I like calling  it Californian. Their wine list was good and contained unique wines. Primarily from California, Italy, France, and Spain. The bottle of 2016 Ceritas Marena Chardonnay, Sonoma Coast was very good, with not much oak. The service was excellent. The bar does not serve spirits, so do not plan for a cocktail.

 

Our Meal
Our meal was outstanding. The oysters were some of the best we have ever tasted. They were accompanied by a nice vinegarette, and the namesake sorrel ice. The focaccia bread was okay, the crust had a cheese in it, which took really overpowered what good be a good loaf of bread.

 

Gnocchi Heaven
We had two Fritta (Squash Blossoms) and the Cold Pea soup were outstanding; the Hamachi Crudo was good but kind of plain; the Gnocchi was some of the best we have ever had; the Cappellacci (stuffed w/ fava beans) was excellent; the Chef also sent us an order of the lobster ravioli, which was very good.

 

Sorrel is definitely a great spot to try.

 

Bravo et bon appetit!

Chip

 

+ Sorrel Website
+ Words by Wiser Reviews The Morris 
+ Words by Wiser Reviews Lapisara, Thai Eatery
+ Chip Wiser on Linkedin

More Words by Wiser in the NKF NorCal Spotlight

About Words By Wiser 
+ 5,000 Miles & 1 Million to Go
Chip Wiser

 

 

 

Lapisara
+ Fabulously Thai
Chip Wiser

 

 

 

 

 


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#CRE Tech Awards

Steve Kapp / October 04, 2019


The Most Recognized Award for Industry Startups and Technology Companies
On September 5th, cretech.com, the largest event, data and content platform in the commercial real estate tech industry, announced the winners of the 6th Annual  real estate tech-awards in New York. Sponsored by a distinguished group of leading VCs, investors, industry thought leaders and corporate real estate executives were the judges for this annual awards competition, considered the most coveted in the industry.
The Real Estate Tech Awards (#RETAS) are the leading international awards honoring excellence in commercial real estate tech, recognizing the most cutting-edge companies who have played an integral role in advancing tech in the industry throughout the year. Reflecting the tremendous growth and innovation within the sector, the #RETAS now award 25 Category Winners and five (5) Best-in-Class Finalists. NKF Executive Managing Director Steve Kapp, one of the Bay Area’s Leading CRE industrial brokers was among the distinguished panel of judges.
2019 Judges
Steve Kapp, Newmark Knight Frank
Andrew Ackerman, Dreamit Ventures
Antony Slumbers, antonyslumbers.com
Ben Liao, Techstars
Brendan Wallace, Fifth Wall
Darren Wesemann, Berkadia
David Goldberg, Corigin Ventures
Ed Walters, Tamarisc Ventures
Jesse Franklin, Macerich
Jonathan B. Schultz, Onyx Equities LLC
Karen Hollinger, AvalonBay Communities
Momei Qu, PSP Growth
Sara Shank, Beacon Capital Partners LLC
Travis Putnam, Navitas Capital
Bain Capital
Plug and Play
RET Ventures
RXR Realty
Jeremy Neuer, Coldwell Banker
+ Read More 

Other News

Tech Deals Thriving
+Roku, Snowflake, Glu Mobile Sage Intacct & Havas Expand
NKF NorCal 

 

 

 

North Loop 3, Alameda
+ Office Complex is Potential Bay Area HQ 
Steve Kapp, Shawn Klein

 

 

NKF Closes on $326,000,000 Sale
+ Biggest Multi Family Sale in Redwood City History
Rob LeDoux, Ramsey Daya, John McCulloch, Mark Leary, Chris Moritz, Travis Bailey

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#1700 Broadway For Sale

NKF NorCal / October 03, 2019


HP Investors & LNG Management to Sell 10 Story Building
THE REGISTRY SF – Two years and a round of extensive renovations later, HP Investors and LNG Management have placed 1700 Broadway, a ten-story, 31,500 square foot office building within downtown Oakland’s Uptown District, on the market. HP and LNG bought the property from Oakland-based California Capital and Investment Group back in 2017 for $13,276,000, or about $443 per square foot. Updated guidance pricing was not immediately available.

“The best part of the building is that it’s just sitting squarely in the center of town, right on top of BART, right next door to a major new residential apartment building that Lennar delivered, and so the market is just continuing to get better and better along Broadway and in Uptown,” explained Newmark Knight Frank Senior Managing Director Tyler Meyerdirk. “It’s all filling in.”

The property, which also includes 3,300 square feet of ground-level retail, was originally constructed in 1913 and has been updated twice since, in 2002 and then again over the course of the past year. To date, five of the nine office floors have been fully or partially repositioned, and updated suites feature large windows, new light fixtures, exposed brick and beams and hard surface floors. The floors were renovated upon tenant rollover, states HP Investors’ website. The 19th Street BART Station is also just steps from the building’s front door.
+ Read Full Story Here

 

NEW STORY: Silicon Valley’s Bottom Line
+ Gabe Regalado Opines on Coworking Trend
Gabe Regalado

 

Diversity; Equality in CRE Office & CRE Sports
+ Power Brokers Coed Soccer Team Launches
Ryan Lamb, Kyle Ma, Travis Zeiler, Poppy Vidreo

 

NKF NorCal Spotlight
+ North Bay Office Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

 

Spotlight on Silicon Valley
+ Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger,

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#$36,250,000 Sacramento

NKF NorCal / October 01, 2019


Sacramento, CA – NKF Managing Director Zachary LeBeouf and Senior Managing Director Anthony Pappageorge recently represented ColRich in the $36,250,000 purchase of “The Luxe” apartment home community, a 220-unit multifamily asset measuring ±164,840 Square Feet. The purchase by ColRich further solidifies the company’s commitment to the Sacramento market. ColRich now owns over 1,100 units in the Sacramento MSA. This was an off-market transaction that included two loan assumptions and was a 1031 exchange for ColRich. The seller of the property was Southern California based Latitude Real Estate Investors.
Multi – Family
Located at 2501 Hurley Way in Sacramento, the property is comprised of two separate parcels: 2501 Hurley Way and 2510 Wittkop Way.

“As far as number of units are concerned, this is one of the largest multifamily transactions in Sacramento during the 2nd quarter of 2019,” said LeBeouf.

This is the second 200+unit transaction sold by LeBeouf and Pappageorge in the second quarter of 2019 and the sixth transaction the team has sold in the Sacramento market in the past 18 months. The Luxe is a gated community and amenities include a Business Center, Clubhouse, Courtyard, Fitness Center, Swimming Pool and a Spa. The asset is located roughly 15 minutes from the heart of downtown Sacramento.

 

According to LeBeouf, “ColRich is impressed with Sacramento’s dynamics as a market and will continue investing there because of them.”

 

Press
Blau Journal
Sacramento Business Journal 
The Registry 
NKF Spotlight Blog

 

 

Need Advice on Generating Press & Online Buzz?
FREE for all NKF NorCal Peeps;
Completely unaffordable for all others:  michael.kirner@ngkf.com

LeBeouf; Pappageorge Advise on Mega Deal

 

 

BREAKING:
Market Remains Insulated from Wobble in Economy
+ Oakland Will be San Francisco in 5 Years or Less 
Andrea Arata 

 

 

CRE ReKapp
+ NKF’s Kapp Judges at Prominent Tech Awards in NY
Steve Kapp

 

 

BREAKING: Office Towers Underway in Silicon Valley
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

 

 

 

 

 


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#Sacramento 1st in the Nation

NKF NorCal / October 01, 2019


by Jeff Kvarme & Mike Smith
Sacramento I-80 Industrial Report
According to the I-80 Industrial Report, Sacramento’s industrial rent growth ranked first in the nation through the first two quarters of 2019 and nearly doubled the national average for rent appreciation at 10.7%. This figure is slightly lower than growth for 2018 (12.9%) which was an all-time, historical high for the region. Logistics space (warehousing and distribution) has seen the strongest increase as demand for e-commerce distribution space continues to grow.

Over the past three years average asking rents have risen from $0.40 per square foot per month triple net to $0.63 as of the end of last quarter.

 

Good News for Landlords
This is seen as good news for landlords, investors and developers though it has caused serious growing pains and concern for area tenants. On the other hand, industrial sales volume has plummeted through the first six months of 2019. Through the first half of this year we have seen $226 million in industrial sales compared to $948 million in 2018 and over $1 billion in 2017 (another all-time high for Sacramento).

This can largely be contributed to a severe shortage of inventory for purchase which in turn limits transaction volume.

According to Newmark Knight Frank Associate Director Jeff Kvarme, ” Land acquisition activity is up and land prices have recently begun to rise. “

Land Acquisition Activity
Expect land acquisition activity to continue as rents continue to rise and thus justify increased speculative development and build to suit activity. One example of such activity was Buzz Oates acquisition of two parcels totaling approximately 20.92 acres at 1690 Bell Avenue in 4Q18.

Buzz Oates is currently moving forward with plans to build two properties on this site totaling 339,549 square feet including a 79,800 square foot building that could potentially be divided into 20,000 square foot bays. Should this come to fruition it will be only the second building constructed during this cycle that would accommodate smaller tenants (Harsch Properties building at 920 Stillwater being the first).

Buzz Oates also has plans to develop 219,336 square feet at 24 Wayne Court in the Power Inn submarket and additional buildings slated for construction within Metro Air Park in Natomas. According to NKF Director Mike Smith,

“Other developers have been actively searching for land along the I-80 corridor.”

Also of note over the past quarter was the announcement that GLP’s entire US industrial portfolio would be acquired by Blackstone for $18.7 billion. Blackstone’s industrial arm, Link Industrial, is expected to close by the fourth quarter of 2019 and take over operation of GLP’s more than 988,000 square feet in Sacramento including Striker Industrial Park in Northgate.

Though this transaction likely means higher operating expenses that will be passed through to tenant’s in these parks (as a result of an increased tax basis that would be passed through for those tenants on triple net leases) it could also signal increased tenant improvement allowances and flexibility in getting deals done as compared to GLP. If Blackstone’s acquisition of the Westcore portfolio and Depot Park are any indication it should also be expected that they will raise asking rates.

Read Full Report

 

Through the first half of this year, Sacto has seen $226 million in industrial sales.

 

NKF NorCal Spotlight
North Bay Office Sponsors Major Bike Race

 

 

 

 

BREAKING: Office Towers Underway in Silicon Valley
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

 

 

BREAKING: Vacaville Shopping Center Sells
+Read Globe Street Exclusive Story
Nick Bicardo, Brandon Rogoff

 

 

Movers, Shakers & Deal Makers
+ NKF NorCal Brokers Crushing it in 2019
Richard Knudson, Rob LeDoux, Ramsey Daya, Zach LeBouf, Will Thomas, Kathy Knudson, Anthony Pappageorge

 

 

 

 

 

Roll Out the Red Carpet
+ NKF Top Producers Win Top Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

 

 

 

 

 

 

 

 

 

 

  
   

 


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#Breaking NKF News

NKF NorCal / September 30, 2019


1700 Broadway in Oakland for Sale 
Late last week, The Registry  announced that 1700 Broadway, a ten story building in Uptown Oakland is for sale. In 2017, the Class A office asset exchanged hands for nearly $14,000,000. NKF’s Tyler Meyerdirk is marketing the building. Read full story here. 
 
Equality in the Office & the Pitch
Mark your calendars: On Thursday, October 10th, 2019 the NKF NorCal Power Brokers Coed soccer team will play their inaugural game at Beach Chalet in San Francisco. A melting pot of diverse players from all corners of  the Bay Area and the world will play their first game ever. Read more here.

The team was founded to honor the US Women’s 2019 international soccer victories and to promote diversity not just in the workplace, but on the soccer field. 

 

9/11 & NorCal Fires
On September 11, 2019 NKF NorCal handed out $1,000 checks to 52 victims of last year’s horrible fires. Read the full story coming up next week. Every year since 2001, September 11th is a time to reflect on that most heinous and infamous day when the world changed and we lost so many innocent lives. Among the thousands who were deeply and directly affected was NKF’s parent company, Cantor Fitzgerald who lost hundreds of their employees. Read the story here. 
 
 
 
 

 

 
 
 

Other Trending Stories This Week

NEW SERIES: Silicon Valley’s Bottom Line
+ Gabe Regalado on Coworking Trend
Gabe Regalado

 

Spotlight on Diversity
+ NKF Launches American, German, Mexican, Japanese, English, Ethiopian, Chilean, Austrian Co-Ed Soccer Team 
Ryan Lamb, Kyle Ma, Gabe Dion, Travis Zeiler, Mike Kirner

 

 
CNBC – Squawk Box 
+ Cantor Fitzgerald CEO Howard Lutnick on 9/11
Howard Lutnick 

 

 

Mercury News
+ Google in the News 
Phil Mahoney

 

 

Globe Street
+ Annual  Women of Influence Awards Announced
Mary Hines 
 
Bisnow
+ 472K SF Milpitas Office Campus Acquired, Slated For Modernization
Jeff Arrillaga, Shawn Kellenberger, Michael Saign
 
 

Globe Street
+ Colrich Bullish on Sacramento: $36 MM Multifamily Deal Closes
Zach LaBeouf,  Anthony Pappageorge
 

 

Yearning for the Spotlight? 
+ Build Your Online Brand
Contact Mike Kirner

 

 

 
 
 
 
 
 
 
 
 

Comments (3)


Jacob Ames

September 21, 2019

I do not even know how I ended up here, but I thought this
post and this blog is really good. I don’t know who you are but certainly you are going to a famous blogger if
you aren’t already 😉 Really cool blog for a commercial real estate company – not seen one like this. Cheers to your designer and writer, Newmark!

kandiceslad

September 23, 2019

Very energetic and some quite interesting articles in this blog, I liked that a lot. Keep up the good work.

Lonnie Perrie

September 23, 2019

Hi there – This is my first visit to this site.
We are a collection of volunteers and starting a new project in a community and we saw this blog on twitter. It’s really nicely set up and we really love the design how it shift back and forth and scrolls through stories. Nice work on this, maaahvelous. Seriously.


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#5 Minutes of Fame

Mike Kirner / September 29, 2019


I’ve Been Around the Block
In my decades of being a brand storyteller, PR Guy and Social Media Practitioner,  I’ve heard it all and seen a lot. I’ve been in charge of the marketing and PR for 1.3 Million square foot shopping destinations with over 200 stores and sales well over $300,000,000 per year, such as Valley Fair in Santa Clara. I have also spearheaded all marketing, PR and social for startup tech brands who literally had no idea how to start up.

When CRE brokers and broker teams come to me seeking more publicity for their deals and their personal brands, I advise them to follow a few really  basic and simple steps. You’ll see it’s clearly not rocket science; it’s really basic stuff.

Step 1: Ask Your Clients
It’s important to first ask your clients if they’re ok with publicity. Some clearly shy away from it entirely, so there’s no need to spin your wheels if there is no interest. Not sure what to say? Simply show them this story and explain we’d like to create awareness for this important deal and it will look similar to this. Click here.
Step 2: Diamond in the Rough
Help me, the PR and Social Media guy, to create a rough draft of a press release. Firstly, answer a few simple questions about the deal you wish to promote.  These include:
– What’s the address of the deal?
What brokers were involved ?
– Describe the full scope of project.
– Was there anything unique or special about this deal?
Was it the biggest in your city this year; or county?
– Who was the buyer and seller?
– Provide professional photos of the project
Just include the basic facts, such as: Who, What, Where, When, Why. Explain how exactly your team was involved with the deal.  Choose a headline that you think will be interesting and newsworthy such as : Largest Deal in Redwood City History Closes. Ask your local researcher to gather current data and do some digging to see if your deal was the largest in your city, or the highest dollar per square foot within the last five years. Here’s an example of a major deal.
Step 3: Polishing & Editing
Allow the PR expert and writer (that’s me) to polish the release and maybe suggest some alternate headlines and possible quotes from the principals involved. The result will be a formal release on company branded letterhead.
Step 4: You’re in the News
Once the release is approved by corporate and the legal department (important steps) it is released to the news media. Usually you will see results in one week or less. The most popular CRE online news sources including the Mercury News, Globe Street, the SF Registry, Costar, The Business Journals, Blau Journal, Bisnow, Connect Media and several others will likely give you the most attention. It’s not likely that major publications such as the NY Times, Wall Street Journal or Washington Post will cover your story…….unless it’s truly an unprecendented or historic transaction. It naturally depends on how big, interesting or important your deal was.
Step 5: Toot Your Own Trumpet ….. Because You’re Worth It
Remind your team that we’re all in this together. Everyone on your team can be an effective marketer by simply reposting and sharing the news media results and articles on your social channels.  If five people were on the team and each of you has at least 500 Linkedin Connections, then several thousand potential people will read about your deal online. Post it on Linkedin, Facebook, Twitter, Instagram.

If everyone pitches in, your name and your brand is on its way to enjoying five minutes of CRE fame that may actually last over ten minutes.

Examples of Positive Publicity 
Globe Street
Bisnow
Mercury News
San Francisco Business Journal
San Mateo Daily Journal 
Blau Journal
Connect Media
NKF NorCal News Flash
Data by Arata
+ NKF SF Research Director’s Analysis of 3rd Qtr
Andrea Arata 

 

 

Movers, Shakers & Deal Makers
+ NKF NorCal Brokers Crushing it in 2019
NKF NorCal 

 

 

 

 

 

Roll Out the Red Carpet
NKF Top Producers Win Top Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

 

 

 

Your New HQ Awaits
+ NKF NorCal Brokers to Lease Major Projects
NKF NorCal 

 

 

 

NKF Closes on $326,000,000 Sale
+ Biggest Multi Family Sale in Redwood City History
Rob LeDoux, Ramsey Daya, John McCulloch, Mark Leary, Chris Moritz, Travis Bailey

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#Welcome to Spotlight

NKF NorCal / September 27, 2019


ABOUT THIS BLOG
Tons of news this week to report from NKF NorCal. Check out our newest stories on Santana Row in Silicon Valley, our brand new, multi-cultural coed soccer team and lots of other stuff! This blog is a content portal replete with news and information about Newmark Knight Frank NorCal. It is updated daily (hourly is more like it) and shines the spotlight on the people and commercial real estate stories that are a part of this vibrant region. In one way or another, NKF is in the news every single day of the year….could be in the SF Business Times, Globe Street, Bloomberg or simply the NKF NorCal Spotlight Blog. We’re part of today’s news and tomorrow’s headlines. Stop by daily!

 

National CRE publication Globe Street recently published an informative article about this blog; check it out here.  We also interviewed Lisa Brown, a popular CRE editor to get her personal opinion about our newest social platform. Read her response here. 

 

What’s Inside
Among other things, the NKF NorCal Spotlight focuses on the latest local and national CRE news, awards & honors, important wins, exceptional listings, research reports, our sponsorships, special events and of course, the heart and soul of the commercial real estate biz…………our  award-winning, rock star brokers. And have we ever won awards in 2019! Check them out here. 

 

You Have an Online Voice!
The NKF NorCal Spotlight also has room for light-hearted content written by Guest Bloggers. Check out a great local restaurant review by San Francisco resident and Senior Managing Director Chip Wiser in this month’s  “Words by Wiser,” or “3 Points by Poser,” a few relevant life lessons by CRE veteran and basketball coach Tom Poser. There’s also one of this year’s most viewed Linkedin stories: 23,396 Reasons  Brokers Should Use Social Media and plenty of other relevant CRE posts.

 

BECOME A GUEST BLOGGER
If you’re an NKF broker, team leader, or staff member and you’ve always wanted to get a story published, announce an important company event or cause, or simply show your boss (or your mom) what a fabulous writer you are, do please feel free to send a spell – checked, cogent email to Mike Kirner, NKF PR & Communications Director/NW (alias Chief Executive Blogger). 
Thanks for stopping by and sharing this blog on social media!

 

ABOUT NEWMARK KNIGHT FRANK
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. With roots dating back to 1929, our strong foundation makes us one of the most trusted names in the industry. NKF prides itself on delivering the highest level of service to our clients to meet their needs and exceed their expectations

 

Local Flavor: Our NorCal Offices
Our Northern California offices are located in San Francisco, San Jose, San Rafael, Santa Rosa, Roseville, Palo Alto, San Mateo, Oakland, Walnut Creek, Pleasanton and Sacramento. Hundreds of brokers, administrative staff, researchers and coordinators call NKF NorCal their home.

 

16,000 Strong
Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices in established and emerging property markets on six continents.

 

Breaking NKF NorCal News

NKF NorCal Spotlight focuses on CRE news,  important wins, exceptional listings and creative content. 

Oakland’s 1700 Broadway For Sale
+ 10 Story Office Building in Uptown
Tyler Meyerdirk

 

 

 

NEW SERIES: Silicon Valley’s Bottom Line
+ Gabe Regalado & The Coworking Trend
Gabe Regalado

 

 

Let’s Talk About Diversity on the Soccer Pitch
+ Now Seeking Players for Fall 2019  League
Ryan Lamb, Kyle Ma, Travis Zeiler, Poppy Vidreo
rokers

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#Your HQ Awaits

NKF NorCal / September 26, 2019


Park Point Modernization
Global Design Firm HOK Engaged to Lead Transformative Park Point Project Modernization
 A joint venture between Embarcadero Capital Partners and PCCP, LLC has acquired the recently renamed Park Point campus from Los Angeles-based Hudson Pacific Properties. The 30-acre site featuring three office/R&D buildings totaling approximately 472,000 square feet, located at 115 – 155 North McCarty Boulevard in Milpitas, is one of the few remaining high-quality headquarters facilities available in Silicon Valley.

HOK, a global design, architecture, engineering and planning firm, who was recently named among the world’s most innovative companies by Fast Company, has been engaged to lead the project’s revitalization as a contemporary, creative workplace.

Vice Chairman Jeff Arrillaga, Executive Managing Directors Shawn Kellenberger and Michael Saign of Newmark Knight Frank’s Silicon Valley office are the exclusive listing agents of Park Point. Park Point offers an optimized, highly efficient, flexible work environment that promotes productivity with best in class indoor/outdoor usable amenity space. This campus will be a key recruiting and retention asset for the next users. Located at the intersection of Highway 237 and I-880, Park Point occupies a strategic location for employers looking to reduce commute times for their employees traveling from all directions to Silicon Valley.

Given the dispersion of talent in the Bay Area, Park Point offers one of the most attractive macro level locations at Silicon Valley’s end of the San Francisco Bay.

Over 50 food, lodging, hospitality and retail amenities are located across the street from Park Point. Park Point also features direct access to the Guadalupe hiking trail and will have shuttle service to the new Milpitas BART station, offering seamless public transit connectivity. Embarcadero Capital Partners Principal Carol Donnelly said, “We have a long history of creating transformative corporate headquarters along the 237 Corridor.”

 “We are thrilled to start working on Park Point with our partner PCCP and the teams from HOK and NKF. We believe this campus is one of the best large blocks of space immediately available in Silicon Valley at an incredibly competitive price point,” said Donnelly.

 

Publicity
Globe Street
Mercury News
The Registry
bisnow SF
Real Estate Business Online
The News Funnel
Blau Journal
NKF NorCal Spotlight
NKF Website

 

 

Park Point offers an optimized, highly efficient, flexible work environment.

 

 

 

Most Read Stories

 

Spotlight on Blogging
 Blog Portal Promotes Broker Creativity
Chip Wiser, Tom Poser 

 

Spotlight on Santana West
Santana Row Expands in San Jose
Tracy Solari, Todd Shaffer, Randy Gabrielson

 

 

Spotlight on Sponsorships
NKF Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

Spotlight on Oakland
The Snake Before Uber:  Oakland’s Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

Spotlight on Sacramento
Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

2019 Awards Spotlight
Roll Out the Red Carpet
Award Winning NKF NorCal Brokers

 

 

Learn More About Social
Building Your Online Brand
Contact Mike Kirner

 

 

 

 

 

 

 

 

 

 

 


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#Sacramento News

NKF NorCal / September 25, 2019


After Hours: ACRE Broker of the Year Awards 2019
Earlier this summer, real estate business leaders across the Sacramento region gathered at the beautiful Hyatt Regency for the Broker of the Year Awards, presented by the Association of Commercial Real Estate.

The event Emcee was Newmark Knight Frank Senior Managing Director John Frisch, who announced the region’s top commercial real estate brokers.

The Sacramento Business Journal was among the main sponsors. The annual event also featured a charitable component, raising money for The Child Abuse Prevention Center.
John Frisch
NKF FINALISTS
Among the highlights of the event were several Newmark Knight Frank Sacramento brokers who were recognized in multiple categories. While NKF did not win the top designations, our brokers were finalists in three categories: Kelly Rivett ( Investment Broker of the Year) Kevin Jasper ( Industrial Broker of the Year) and Todd Eschelman & Murray Wachtel  (Office Broker of the Year)
Read Article in Sacramento Business Journal

 

 

CHRIS LEMMON FEATURED IN COMSTOCK MAGAZINE
NKF Executive Vice President Chris Lemmon was featured as a real estate expert in the May 2019 edition of Comstock Magazine. Comstock Magazine is the premier monthly business publication in California’s Capital Region. Serving Sacramento and the nine surrounding counties for more than 28 years, Comstock’s is the voice for business and quality of life in the region. Intriguing, insightful and inquisitive editorial has long been a hallmark of Comstock’s. Both online and in print, the popular publication takes an analytical look at the movers, shakers and forces shaping Sacto’s economic landscape of today and tomorrow.
Read Article in Comstock Magazine

 

 

 

 

Win an Award or Close a Mega Deal?
Let’s Spread the Word:
Contact  michael.kirner@ngkf.com 

NKF Sacramento brokers were finalists in multiple categories.

    NKF Q2 Industrial Report

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#$116,000,000 Portfolio

NKF NorCal / September 24, 2019


Multi-Family: Full Steam Ahead
Earlier this year, Newmark Knight Frank’s multi- family team in Oakland represented the seller in a $116,000,000 portfolio sale of seven apartment communities in six Bay Area cities. The deal was widely covered in both local and national press.
Bay Area Portfolio
The properties are located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward. San Francisco based Reliant Group Management purchased the portfolio, which consists of 603 apartments totaling approximately 478,345 rentable square feet. The seller was an undisclosed private company. NKF Senior Managing Director Richard Knutson, CCIM, Senior Managing Director Anthony Pappageorge, Managing Director Zach LeBeouf and Associate Director Will Thomas advised on the sale. Kathy Knutson served as leader of the support team.

According to Knutson, “Portfolio deals of this size and scope are historically complicated when they involve just two or three properties. However, when you’re dealing with seven assets in four separate counties, it’s both extremely intricate and rare.”

Exclusive Listing
The Multi Family Team represented the seller under an exclusive listing agreement and initially procured ten purchase proposals.Reliant Group Management, one of the nation’s largest owners and operators of affordable housing, will convert four of the properties (369 units) to affordable housing, utilizing bonds and low income housing tax credits. It is estimated that Reliant Group Management will invest $40,000 per unit in upgrading these communities.
Workforce Housing
Three of the properties (234 units) will continue to be maintained as work force housing and will also receive extensive interior and exterior renovations. Reliant has retained a significant number of personnel from the former owner, reducing employment dislocation. Reliant Group Management President Joe Sherman noted, “At a time when affordable housing is in extremely short supply in the Bay Area, we are able to preserve and protect hundreds of units of affordable housing with this portfolio purchase.” A robust level of social services will be provided by Rainbow Housing Assistance Corporation, a non-profit that serves over 100 low-income communities nationwide.
Publicity
The Registry
Blau Journal
Real Estate Business Online
Globe Street

 

Think Your Deals Deserve National Press?
Let’s Take Your PR to Another Level. Contact michael.kirner@ngkf.com 

Reliant Group Management will convert four of the properties (369 units) to affordable housing, utilizing bonds and low income housing tax credits.

 

 

 

2 Parking Garages Sell for $45 Million
German Investors Invest in Atlanta 
Nick Bicardo, Brandon Rogoff

 

 

Austrian, German, Japanese, Italian, Indian Form Team
Power Brokers Multi Cultural Soccer Team Launches
Ryan Lamb, Kyle Ma, Travis Zeiler, Poppy Vidreo

 

Cycling’s Biggest Night in Marin County
North Bay Office Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

 

Spotlight on Silicon Valley
Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger,

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#Santana Row

NKF NorCal / September 24, 2019


Santana Row: NKF Silicon Valley HQ
This is an updated recap of the myriad of news concerning Newmark Knight Frank (NKF) Silicon Valley and our continuing involvement in the development of this popular shopping,  dining  and multifamily home destination known as Santana Row. In the Summer of 2018, Newmark Knight Frank moved into Santana Row to occupy 18,451 square feet at 3055 Olin Ave., in a lavish, modern space above Park Valencia hotel. Santana Row includes 50 shops, 30 restaurants, a 215-room boutique hotel, two parks and multiple plazas with outdoor seating, 615 apartments and 219 condos. Following the relocation, NKF President, Northwest Region Chuck Seufferlein told the SV Business Journal,

“It’s great to plant our flag at Santana Row. The location makes us even more accessible to regional, national and global clients with real estate needs in Silicon Valley and beyond.”

Our relocation was another example of professional and tech office tenants choosing to locate in mixed-use environments that combine residential, retail, food and entertainment. In 2017 Big data firm Splunk (represented by NKF) moved into 234,000 square feet at Santana Row.

Earlier this summer, Federal Realty Investment Trust, Santana Row’s owner, began construction on a new, 301,000 square foot office building, which is being marketed by NKF brokers Todd Shaffer, Tracey Solari and Randy Gabrielson.

NKF’s Silicon Valley office has long been intimately tied to the growth of the region’s tech sector, helping facilitate growth for most of the Valley’s marquee technology companies at one time or another. Today our service lines are strong in landlord representation, tenant rep, retail, land, and investment sales.  NKF currently has 12 offices located throughout Northern California. Newmark Knight Frank is the largest commercial real estate firm in Silicon Valley, with 115 agents in local offices.

 

700 Santana Row
NKF Silicon Valley is also the leasing broker for 700 Santana Row, a 291K SF office building currently under construction. The eight-story structure features 30K and 50K SF floor plates and headquarter-quality office space.

 

Santana West
Another recent NKF assignment is Santana West, a 1 Million SF development located across the street. Read more about Santana West here.  

 

Santana Row NKF Deal Highlights
2017
500 Santana Row – 234,622 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2018
700 Santana Row – 301, 019 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2019
500 Santana Row – 40,022 SF
Tenant: Blue Jean Co.
Developer: Federal Realty
Brokers: Armand Tiano 
Read More
2019
Santana West – 1,000,000 SF
Tenants: To Be Determined
Developer: Federal Realty
Brokers: Tracy Solari, Todd  Shaffer, Randy Gabrielson
Read More

Other Silicon Valley Stories

 

 

Fabulous Santana West Video
 Fly Through World Class Office Campus
NKF Seeks Tenants for Massive Tech Complex

 

 

Silicon Valley Brokers Honored
NKF Top Producers Win Top Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

 

 

Santana West Featured in Mercury News
Big Expansion of Santana Row Underway
Tracy Solari, Todd  Shaffer, Randy Gabrielson

 

 

 

Sprawling, New Office Campus Underway
Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger

 

 

Top Silicon Valley Brokers Dominate 
NKF Ranks High in Survey
Phil Mahoney, Edmund Najera, Jeff Arrillaga, Mike Saign, Joseph Kelly, Randy Gabrielson, Todd Shaffer, John Yandle

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#NKF FUTURES Golf

NKF NorCal / September 12, 2019


3rd Annual Tournament
Earlier this summer, on Monday, June 24, 2019, Green Hills Country Club in Millbrae, CA hosted the 3rd ANNUAL FUTURES GOLF TOURNAMENT. A full field of golfers, comprised of NKF brokers and clients competed in this year’s event. Spearheaded by NKF Executive Managing Director Dan Matteucci, NKF FUTURES was founded in 2017. According to Matteucci: I noticed that the majority of CRE industry events catered principally towards senior level executives.” 

 

“There was a clear need to provide a platform that would help to cultivate and nurture relationships with the industry’s future leaders.”

NKF FUTURES MEMBERSHIP
Currently, NKF FUTURES has an active membership of over 50 NKF brokers and over 300 clients from across NorCal. These include VC firms, institutional owners, REITs, developers and various other business niches. NKF FUTURES hosts a variety of events and Cocktail Social happy hours throughout the course of the year.
The Course
Green Hills Country Club features breathtaking views of the sun-warmed hills between the Pacific Ocean and the San Francisco Bay. It was designed and built by world-famous golf course architect, Dr. Alister MacKenzie, who also designed the Augusta National Country Club, home of the Masters.
Contact Dan Mattuecci

 

 

Event Photos & Really Cool Videos
Event photos
Event video
Watch Ari Rockeach’ over the top swing

 

 

Got a Great Blog Story Idea or Upcoming Event?
Ping our Chief Executive Blogger:   michael.kirner@ngkf.com 

NKF Futures Hosts a Variety of Events & Cocktail Socials Throughout the Year. 

 

NKF CO-ED Soccer Team Launches in SF
Now Seeking Players for Fall 2019  League
Mike Kirner

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#Research Interactive

NKF NorCal / September 09, 2019


NKF NorCal Research Interactive
Earlier this year, Newmark Knight Frank NorCal embarked on a mission to offer clients, brokers, tech companies, developers and thought leaders a state of the art and interactive research map that surpasses all others. Spearheaded by VP of Research, Bonnie Readd and NW Creative Director Candice Liu, the goals for creating the map were to provide a visually appealing and easy to navigate interface that offers a comprehensive overview of  the local commercial real estate market.

According to Bonnie Readd, VP of NorCal Research, “The site is designed to be an interactive and immersive experience, giving viewers the ability to navigate market data down to the submarket level and new construction data down to the property level.”

Asking Rents; Availability
By simply clicking on a map of the numerous cities throughout Northern California, site visitors can quickly see average asking rents, absorption, availability and other relevant data for multiple property types, including office, research & development, industrial, and warehouse. Included in the arsenal of available data are new construction specifics, historical statistics, and quick access to quarterly reports.

The research website also highlights over 240 current and proposed construction projects, with multi-family and retail projects in the development queue.

Versatile & Detailed
“It’s an extremely versatile and simple to use online resource,” says Mark Bollozos, Executive VP of Operations for the Northwest Region. “We have a deep pool of seasoned researchers and analysts in our region. This interactive map is the result of a lot of hard work and extreme attention to detail by our web designers and best-in-class research staff. It has been a big hit,” he said.
Check Out Our Research
Visit NKF NorCal Research Site
Meet Our NorCal Research Staff

 

 

“Designed to be an Interactive & Immersive Experience.”

 

 

 

 

Most Popular Stories

 

Why This Blog is Important
 Blog Portal Promotes Broker Creativity
Chip Wiser, Tom Poser, Mike Kirner

 

Federal’s Santana West in the News
Santana Row Expands in San Jose
Tracy Solari, Todd Shaffer, Randy Gabrielson

 

 

Cycling’s Biggest Night
NKF Sponsors Major Pro Bike Race
Haden Ongaro, Mark Carrington

 

Spotlight on The Valley
Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger,

 

 

Spotlight on Oaktown
The Snake Before Uber:  Oakland’s Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

 

Sacto Brokers Generate Industrial Buzz
CA Capital City Leads US in Growth
Jeff Kvarme, Mike Smith

 

 

Rock Star Brokers in the Headlines
Roll Out the Red Carpet
Award Winning NKF NorCal Brokers

 

 

Learn More About Thought Leadership
Building Your Online Brand
Contact Mike Kirner

 

 

 

 

 

 

 

 

 

 

 


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#Potential HQ

NKF NorCal / September 06, 2019


R&D/Advanced Manufacturing campus
Oakland, CA – Newmark Knight Frank (NKF), developer srmErnst, and Hillwood Investment Properties recently teamed up for an open house to showcase one of Alameda’s prized new gems: It’s a sprawling, state-of-the art, six building R&D/Advanced Manufacturing campus with a prominent location, right at the geographic center of the Bay Area. Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants.
2020 Occupancy
Scheduled for occupancy in the spring of 2020, the business park consists of six, brand new buildings, measuring from 23,955-square-feet to 47,910-square-feet. The buildings are on a 12-acre parcel and are available for sale or lease. Among many of the appealing business advantages of North Loop 3 are: a central Bay Area campus, close to San Francisco, the Peninsula, Oakland & SF International Airports, Port of Oakland and top tier universities; a functional footprint offering heavy power and loading; secure building sites within a well-maintained business park; superior modern construction meeting all codes; high-visibility building to display to customers and employees and low business taxes.
Ingress, Egress
Harbor Bay Business Park also offers excellent freeway access and transportation options, including I-880, the Harbor Bay ferry to San Francisco and South San Francisco, and a business park shuttle to the ferry and Coliseum BART station, which is free to end users. The developer, srmErnst is positioning this project to appeal to manufacturing & R&D tenants who today are demanding more flexible and conveniently located facilities. Interest has been robust thus far and NKF’s Steve Kapp, who is spearheading all leasing and sales efforts with Shawn Klein, has had several discussions with potential tenants.

“When you consider that it takes only 20 minutes on the Alameda Ferry to reach San Francisco, I can’t imagine anything more conveniently located for a workforce or an R&D/Advanced Manufacturing company that requires easy access to all cities in the Bay Area,” Kapp said.

“The potential tenants we’ve been talking to require more than the usual manufacturing or warehouse space, they seek flexible, attractive buildings which allow them to build laboratories, advanced manufacturing and development and research facilities and simultaneously accommodate their growing employee base,” said Joe Ernst, president at srmErnst.
North Loop 3 Website
PUBLICITY
Globe Street
The Registry
NKF

 

 

Hungry for More Publicity? 
Feed Info to Our Chief Executive Blogger:   michael.kirner@ngkf.com 

Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants

 

Spotlight on Former Alameda Resident
The Snake Before Uber:  Oakland’s Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

 

Sacramento Business Journal
Lennar Buys Antelope Property for $24,000,000
Guy Spitzer

 

 

San Francisco Business Times
Iconic Transamerica Pyramid for Sale
Mark Geisreiter

 

 

Sacramento Business Times
Space Dwindles; Rents to Spike
Dan Chamberlain

 

Most Shared Online Stories

 

Spotlight on Santana West
Santana Row Expands in San Jose
Tracy Solari, Todd Shaffer, Randy Gabrielson

 

Spotlight on North Bay
NKF Sponsors Major Bike Race
Haden Ongaro, Mark Carrington

 

Spotlight on Silicon Valley
Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger,

 

 

Spotlight on Sacramento
Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

 

2019 Awards Spotlight
Roll Out the Red Carpet
Award Winning NKF NorCal Brokers

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#Sunset Criterium

NKF NorCal / September 04, 2019


Cycling’s Biggest Night
On Saturday, July 27th, Newmark Knight Frank’s North Bay Office was a major sponsor for one of professional cycling’s biggest and most popular annual events: The San Rafael Sunset Criterium in downtown San Rafael, CA. Every year, the men’s top-tier national professional cyclists race is the marquee event. A full day of competition began with amateur races starting at 1:30 p.m. The kids races commenced at 5:30 p.m. with the fixed-gear race (6 p.m.) and the women’s pro race (7 p.m.).  The final and most competitive event began around 8:15 pm . Many of the nation’s top professional men cyclists competed in a heated battle. NKF’s 4th and A street sponsors tent was located in the epicenter of the venue with a front row seat of all the action.
The Belt of Royalty
Hundreds of top ranked professional cyclists, who traveled from all across the country competed for a $15,000 cash prize and the “Belt of Royalty” bragging rights for the year. The race is comprised of two city blocks and competitors reach speeds of up to 40 mph.

This year, the competition featured eleven races throughout the day and evening and drew almost 10,000 spectators. Check out the winners here.

USA Crits Series
San Rafael was host to this year’s West Coast stop on the USA Crits Series and has a special place in the hearts of NKF’s North Bay offices.

The Sunset Criterium was conceived in 2006 by our very own Haden Ongaro, executive vice president and Mark Carrington, managing director and then passed on to Mike’s Bikes, who  currently produces the event.

Kids & Community
This event creates a strong sense of community and attendance continues to grow each year. The competition begins with amateur riders and children in the early afternoon and continues through the evening with the pro cyclists hitting the course at sunset.

The crowd cheered on the racers with cowbells and hoots, and occasionally, collective gasps were heard when a crash occured. Local restaurants and businesses stayed open late and the community spirit, heated competition and San Rafael’s beautiful hometown atmosphere make this one of the year’s most anticipated and fun family events.

 

 


Check Out More Photos on Facebook
Event Video
Sunset Criterium Website

 

 

Top ranked professional cyclists, who traveled from all across the country competed for a $15,000 cash prize.

 

 

 

Spotlight on San Rafael
Three Points by Poser 
Tom Poser

 

Spotlight on Oakland
The Snake Before Uber:  Oakland’s Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

Spotlight on Sacramento
Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

 

2019 Awards Spotlight
Roll Out the Red Carpet
Award Winning NKF NorCal Brokers

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#CoreNet Global

Mike Kirner / September 02, 2019


Mission
The mission of CoreNet Global’s Northern California Chapter is to connect groups of CRE professionals, end-users and service providers in order to advance knowledge, promote personal excellence and add value to each individual and their respective enterprises.
Diversified Programs
The CoreNet Global NorCal chapter accomplishes this mission through facilitating and sponsoring a variety of diversified programs that provide members educational and networking opportunities. CoreNet endeavors to create and enhance mutually rewarding relationships with colleagues in the Corporate Real Estate Industry whether an end user or a service provider.
NKF Sponsorship
As an annual Platinum sponsor, NKF receives a number of benefits for our contributions and we are offered opportunities to increase exposure and awareness within corporate real estate industry. Benefits include recognition on the CoreNet website, all communications, and events, as well as complimentary tickets to all chapter meetings.
CoreNet Website

 

Got a Great Blog Story Idea or Event?
Ping our Chief Executive Blogger:   michael.kirner@ngkf.com 

As a Platinum sponsor, NKF benefits include recognition on the CoreNet website,  golf tourneys, events, as well as free entry  to chapter meetings.


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#Bottom Line

Gabe Regalado / September 01, 2019


New Social Media Cross Promotion
Welcome to Silicon Valley’s Bottom Line, a  series of monthly blog posts I write for the NKF NorCal Spotlight Blog. Each blog story will be simultaneously announced in a banner ad campaign in every new Silicon Valley Voice edition for the next year. This series will also be promoted in the hard copy of the publication on a regular basis. It is in essence ” a social media content cross collaboration” between the NKF NorCal Spotlight Blog and The Silicon Valley Voice online news portal.
Coworking Explosion & Neumann 
Today, I’ll be writing about the omnipresent coworking phenomenon and how important a good community manager is to ensuring everything runs smoothly. In recent years, barely a single week transpired without the SF Chronicle, The Wall Street Journal  or some other publication writing a new article about the long-haired and charismatic “Godfather of coworking,” former CEO Adam Neumann and wework. Let’s take a closer look at what makes a good coworking space tick.
Wellness in the Office
Despite the fact that the overall popularity of the coworking craze may be tapering off, it is still a very vibrant and important part of how global workplaces have changed forever. The master of ceremonies and jack of all trades for any effective coworking space is the community manager. He or she must deal with a plethora of issues and scenarios every single day of the work week. These include employee retention, facilities, health and wellness in an office. There are also the issues surrounding the selection of ideal furniture, ergonomic positions, daily traffic commutes and the bottom line issues surrounding free food and other freebies at work. Many companies now sponsor several events per month to keep engagement and morale high and to get people talking more  and escalate the prospect of staff enjoying their daily work environments. To piggyback on this burgeoning trend, many employee-centric companies are being inspired by what the coworking brands have implemented.

From the coworking space playbook, Newmark Knight Frank SF recently offered employees a petting zoo in their courtyard sponsored by their landlord, Tishman & Speyer.

 The Petting Zoo included tropical birds, chickens, goats, a turtle, rabbits – even three little pigs..….The people and the pigs just loved it.

The Role of a Community Manager in a Coworking Space
From the dynamic environments of global chains such as global juggernaut WeWork, Knotel and Regus to more down to earth, single-space coworking venues, freelancers and startups are filling them up. Try getting a space in Salesforce Tower’s wework in San Francisco….forget it. !

Gone are the days of the lonely freelancer wearing fuzzy slippers and feeling isolated in the home office.

Users are often attracted not only by freebies such as free coffee, snacks and beer, but by modern, bold design, tinted windows, ambient lights, cool furniture and places to chill, awesome amenities and perhaps most important,  the prospect of joining a community where they look forward to coming to work each day.

Clearly, the role of a community manager in a coworking space cannot be overstated.

Social Butterfly
It takes a lot of effort and hard work to draw people into a coworking venue; it takes good follow up skills to retain long-term clients and build a close-knit community where people can enjoy collaborating while working. This is precisely what being a community manager is all about. Their job is to welcome new guests, friends and business associates, oversee social events, create a collaborative environment and work to make each member feel special. Community managers are generally likeable, gregarious and social butterflies at heart. Elton Kwok of Salesforce is a great example. Today he’s the General Manager of the Salesforce NorCal Region, but he started out as a Community Manager.

Elton Kwok of Wework in San Francisco’s majestic, 1,070 foot high Salesforce Tower is a great example of a Community Manager. Look Kwok up on Google; he’s everywhere.

Roles and Responsibilities
A good community manager can have a tremendous impact on the success of any coworking space. An important first step is to introduce new members into the community and to do so consistently – with every single member.  The duties they are tasked with on a daily basis will literally touch every part of the client experience. They should understand the needs of all space’s members and act as somewhat of a cheerleader, business partner and jack of all trades. Community managers are problem-solvers who are eager to go the extra mile for the entrepreneurs, digital nomads, and freelancers who are investing in your space.

The best community managers organize fun social events, such as wine tasting, martial arts training, yoga and encourage clients to participate.

They can also plan to have industry thought leaders, business gurus and wellness coaches conduct educational seminars and workshops, keep the kitche stocked with coffee and snacks, provide support to young professionals who need advice, and gather daily input from members to analyze where service could be improved.

Community Managers are in essence, part Dr. Phil, Anthony Robbins, Martha Stewart and the Pete’s Coffee guy who delivers the freshly roasted coffee beans.

The Benefits of a Good Community Manager
A Community Manager should ideally construct a healthy ecosystem in your coworking space environment—that way, members can come together to work, socialize and have fun in an organic, constructive way. Community managers offer this support, becoming the man or woman of the hour and whenever a coworker requires assistance. Your clients and members will feel supported just knowing that there’s someone on staff who is focused on forming bonds and creating meaningful relationships. In a way, community managers are also somewhat responsible for branding your space and putting it on the map. Invariably, they are also able to juggle multiple tasks, be consistently resourceful and always willing to help out where needed.

They’ll become a familiar face that’s associated positively with your business.

Key Takeaways
When considering the points highlighted above, it’s more evident that ever that a good community manager is necessary. They inject one on one and group energy into your growing community and shape its culture with sustainability in mind. Basically, their principal focus is on fostering contentment, as opposed to making money. This is the key to success in this niche. It’s basically about an “in house” brand manager who cares, follows through and is the brand cheerleader for the entire office.

 

The Bottom Line:  What’s In It For You? 
  • + Productivity. Imagine an environment without the stuffiness of a corporate office space but still more structure than your home office.
  • + Community/Networking. You have built-in new clients ever day. Go meet them.
  • + Generate New Business. The freelancer with the torn jeans next to you can be your personal creative director.
  • + Increase Your General Well Being. Mingling is good for the soul. 
  • + Expose You to Multi Cultural Diversity. Put your cell phone down and start a face to face dialogue.
  • + Cost Efficiency. No question about it; you’ll save money. 
  • + Flexibility. Need another 500 SF? No Problemo. 

In collaboration with the Silicon Valley Voice & the NKF NorCal Spotlight Blog, The Silicon Valley Bottom Line is a series of what’s going on in the local Silicon Valley CRE market and how I see the world.

 

About Gabe:
Gabe Regalado  joined Newmark Knight Frank Silicon Valley in 2017. As an associate director, Regalado brings fresh ideas and insights from social media and the ever-growing tech industry. With a focus on improving efficiency and productivity, his background in managing and leading large business development teams brings added value to his clients. A proven market leader with an impressive background, Regalado has taken on a wide range of executive leadership roles in a variety of professions, including four years as an area manager at Regus business centers, two years as vice president of business development at City Sports Club and two years as a founding partner of MyEcoID, a commercial and residential energy efficiency auditing company. Look for a brand new Silicon Valley Bottom Line every month.
+ Gabe on Linkedin
+ Contact Gabe 
+ Check Out Gabe’s Santana Row Offices
+Silicon Valley Voice 
+ Stay Tuned for The Next  Valley Bottom Line On Oct 30

 

 

 

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#Roll Out Red Carpet

David Cullen / September 01, 2019


NKF NorCal 2019 Award Winners & Special Recognition
During the course of the year 2019, Newmark Knight Frank NorCal brokers have won numerous awards in both local and national publications. From the Women of Influence Awards (There are four different Women of Influence Awards ) to the Deal of the Year; from the Best of the Bay to the CRE Hall of Fame, NKF brokers don’t just win deals, they win top awards!

We submit our brokers to all of the top local and national publications.

The NKF NorCal PR & Communications team collaborate closely with  local and national publishers, editors and organizers to promote our winners on various social channels.

 

Connect Media: 2019 Top National Brokers
Winning Brokers: Phil Mahoney, Edmund Najera, Steven Golubchik and Grant Lammersen
Based on more than 500 nominations received, Connect Media recognized 52 leading commercial real estate brokers, or teams of brokers, in property sales and leasing for this honor. Transactions considered included 2018 total dollar volume, total deal square footage and total number of transactions. Connect Media chose national winners, as well as leaders from California, Texas, New York and Chicago.
+ MORE INFO 

 

Silicon Valley Business Journal: Women of Influence
Winner: Lori Sweeney
Every year, The Silicon Valley Business Journal honors 100 Women of Influence for their impact on their professions and in their community. NKF’s Lori Sweeney has authored one impressive 20-year success story. Two decades after switching from residential to commercial real estate, the San Mateo County native helped broker Santa Clara’s largest-ever lease, when Palo Alto Networks agreed to take 1.1 million square feet of retail.
+ MORE INFO

 

Connect Media:  Next Generation National Awards
Winners: Sarah Bohannon (California) and Zachary LeBeouf (National)
Connect Media selected 90 young leaders throughout the U.S. who are already making big contributions, and are likely to be influential in the commercial real estate industry for a long time because of their talent, drive and fresh ideas. Connect Media picked these winners from nearly 500 nominations sent in by readers from all parts of the country and from all sectors of the CRE industry, from architecture to development, to finance and property sales.
+ MORE INFO

 

Globe Street: Women of Influence Awards
Winner: Mary Hines 
Ever wonder why there are so many awards called “Women of Influence?” It’s because Globe Street invented this popular industry trend back in 1983. Globe Street’s Women of Influence awards have recognized remarkable commercial real estate professionals who have significantly influenced the market or had outstanding successes in the past year. It is in that spirit that Globe Street launched the first-ever Women of Influence Conference this past July. It  celebrated the women who drive the commercial real estate industry forward. Thank you, Globe Street, for all you have accomplished and setting the bar.
+ MORE INFO

 

 

Bisnow: Power Women 2019
Winner: Elizabeth Hart
Bisnow is one of the nation’s top CRE publications. Every year, dynamic women in all major cities are acknowledged and honored for their outstanding achievements in the office, their industry and our communities. The winners and guests are treated to a special Power Women breakfast and an inspirational message from recognized guest speakers at Hotel Nikko in San Francisco.
+ MORE INFO

 

 

 

ACRE Sacramento Broker of the Year Awards 
Event MC: John Frisch
We are Newmark Knight Frank NorCal and we realize we cannot possibly win every single CRE award that’s out there! However, even if we don’t get the 1st place trophy, simply being  asked to be the Master of Ceremonies for one of the major Sacramento awards of the year is not too shabby, folks. CRE business leaders across the Sacramento region gathered at the Hyatt Regency for the Broker of the Year Awards, presented by the Association of Commercial Real Estate. The event Emcee was NKF Senior Managing Director John Frisch, who announced the region’s top commercial real estate brokers. The Sacramento Business Journal was among the main sponsors. The annual event raised money for The Child Abuse Prevention Center. Several NKF Sacramento brokers were finalists recognized in multiple categories: Kelly Rivett ( Investment Broker of the Year) Kevin Jasper ( Industrial Broker of the Year) and Todd Eschelman & Murray Wachtel  (Office Broker of the Year).
+ MORE INFO

 

 

 

 

 

 

 

 

 

Win Something Big?
Let’s Make a Big Deal Out of It.
Contact:  michael.kirner@ngkf.com

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#3 Points by Poser

Tom Poser / August 27, 2019


Welcome to a brand new online blog series called 3 Points by Poser. It’s a column I write for The NKF NorCal Spotlight. I will focus on three points that are worthy of consideration and offer a combination of life’s lessons, my theories on team work and fair play and what I bring to the commercial real estate arena –  so basically it’s about stuff I’ve learned both on and off the court and how the two are intertwined.
Hoops
For those of you who don’t know me that well, prior to my commercial real estate days, I spent many years playing hoops at a fairly high competitive level. After four years at Drake High in Marin, I played at the collegiate level for UC Santa Barbara and subsequently played in a European professional basketball league. I’m still very much involved with youth basketball as a coach and mentor and today juggle between my career as a Managing Director for NKF and a Marin dad with three young kids. Here are my 3 points for this month.
Point#1 – Not Everything is Perfect; Even Greatness
Last season, the Warriors just barely missed being world champs; hey #2 on the planet is not too shabby.  Looking for great things inside the new Chase arena! They are arguably one of the greatest franchises of all time.  Sure it stinks that they didn’t win it all last season, but look how far they’ve come since a decade ago; they have worked hard and accomplished what nobody could have possibly expected. Another real world example of how even greatness can be flawed is on TV.

Arguably the greatest television show ever filmed, Game of Thrones, essentially ended a few months back, with a 45-minute board meeting.  Crushingly disappointing.  There was yelling in the Poser house.

Point #2 – Some Decisions in Life are Not Easy
Let’s elaborate on employee happiness. We are lucky to live in a time during which our culture and CRE is focused on mindfulness and sustainability, as well as productivity and retainability.  All are key ingredients to happiness for our employees, coaching a winning sports team and personal pursuits. Several months ago I made a significant professional change, joining Newmark Knight Frank NorCal to continue forward on my now 15-year career after spending more than a decade with some great friends at JLL. I’m happy to report that I’m safely on the other side of this leap of faith and finding my balance.  It wasn’t an easy decision, but it was an incredible opportunity that I could not turn down. It felt incredibly flattering to be recruited by such an outstanding firm, and I am really stoked about shifting gears a bit to bring some of the best things I’ve learned to accelerate the San Rafael team, while acting as the bridge to all things San Francisco.
Point #3- Pursue Excellence, not Success
I have essentially made a professional bet on two concepts that I believe to be true:
A. Change leads to growth.
B. Life provides the best outcomes when you pursue excellence, not when you pursue success.
Truth be told, no good growth happens without some discomfort. After spending time in any environment, complacency creeps in and thwarts creativity, requiring us to step outside of the box we’ve found ourselves in, and look at things from a new perspective.

Newness and change can feel as uncomfortable as walking into a party where we didn’t realize there was a theme, and didn’t dress the part.

They demand that we think differently, become more agile, realign our thought patterns, and use the skills we have to bridge the divide of what we don’t yet know.

Check back in a few months, I’ll provide three new Poser Points to consider.

Best,
Tom Poser
Check Out Tom’s Blog
Think You Can Match Poser’s Prolific Prose?
Find Out How to Build Your Online Brand. Contact our Chief Executive Blogger:  michael.kirner@ngkf.com

Life provides the best outcomes when you pursue excellence, not when you pursue success.

Tom Poser

 

NKF Spotlight on North Bay
San Rafael Sponsors Pro Bike Race

 

NKF Spotlight on Silicon Valley
Your New HQ Awaits in Milpitas

 

NKF Spotlight on Oakland
The Snake Before Uber:  Oakland’s Makeover

 

 

NKF Spotlight on Sacramento
Sacramento Leads US in Industrial Growth

Comments (1)


Mark Carrington

July 26, 2019

Welcome Tom
Newness can feel uncomfortable but is almost always thriling and exciting. Welcome on board. Already enjoying working with you.


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#Santana West

Mike Kirner / August 26, 2019


Santana West
During the first week of August, one of the most anticipated office developments in San Jose was launched.  The first of the planned buildings broke ground across the street from the popular Santana Row mixed-use shopping center, which is also home to Newmark Knight Frank, Silicon Valley. It’s amazing what’s become of  Santana Row in the least two and a half decades. Check out the fabulous vimeo video of this project here. 

 

Long Ago @ Valley Fair
Back some years ago, I was starting out my career in real estate with a real estate investment trust that no longer exists: The Hahn Company.  I worked as the Assistant Director of Marketing for the mighty, 1 Million Square Feet Valley Fair Shopping center across the street.  It was one of my first “real jobs” out of college and I just loved it. We had a giant budget for marketing and promotions and our efforts paid off. Valley Fair sponsored high profile and expensive fashion shows and merchants were generating serious and impressive sales figures every month. That shopping center used to generate over $1,000 per square foot and it had over 200 stores.  Clearly, Valley Fair was the undisputed high fashion, super regional shopping mecca.  Today, it’s almost twice as big. Long before it was called Santana Row, Valley Fair’s next door neighbor was a tired, outdated and sad little strip center called Town and Country Village. Today it’s a completely different destination called Santana Row. What a dramatic improvement! Kudos to Federal and what they’ve accomplished here.

 

1 Million Square Feet
The new development, called Santana West, has city approval for nearly 1 million square feet of office space, but the developer is biting off just a piece of that starting with an eight-story, 360,000 square foot office building and a new parking garage with 1,750 stalls at the corner of Winchester Boulevard and Olin Avenue.
Spotlight Article
In a San Jose Spotlight article written by veteran reporter Janice Bitters, wrote about the fabulous new urban project.

Santana Row’s mixed-use live-work-play environment coupled with its superb Silicon Valley location offer a competitive advantage for recruiting.

In a recent interview, San Jose Mayor Sam Liccardo said: “You have created a sense of place here,” touting the developer’s endeavors at Santana Row. Referring to the under-construction office building, the mayor added, “We look forward to something quite extraordinary happening soon.” Read more of the Mayor’s remarks in the Mercury News.
The first office building, One Santana West, is expected to be available for tenants during the first three months of 2021. The second office building, the 360,000-square-foot Two Santana West, could become available as soon as the first three months of 2022.

Randy Gabrielson, Todd Shaffer and Tracey Solari of Newmark Knight Frank are in charge of marketing and leasing Santana West.

 

“We have the ability to offer tenants all the amenities of Santana Row, and we have a tested and first-class landlord in Federal Realty,” said Gabrielson.

Gabrielson also added that this new development will provide a place where companies can recruit and retain employees in a high-quality location.

 

PUBLICITY

Read San Jose Spotlight Article
See SV Biz Journal Slide Show
Watch Santana West Video
Read Mercury News Article

 

 

Randy Gabrielson, Todd Shaffer & Tracey Solari of NKF are in charge of leasing Santana West.

 

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Santana West Video
Check out this $100,000,000 Video! 

 

 

Santana West in Mercury News
Big Expansion of Santana Row Underway
Tracy Solari, Todd  Shaffer, Randy Gabrielson

 

 

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#$650,000,000 Pyramid

NKF NorCal / August 25, 2019


Doesn’t “Wework Pyramid” Have a Nice Ring to It?
 
Here’s your chance to have your name in lights. As everyone knows by now, the tall, sleek and famous Transamerica Pyramid has announced it is up for sale. Back in the day, everybody knew that the Pyramid was the tallest building in the City, measuring an impressive 853 feet. Today, the Salesforce Tower in SOMA eclipses the Pyramid by 200 feet and rises 1,070 majestic feet above a city teeming with texting Millennials and tech companies. As you know, times are changing rapidly and it’s anybody’s guess who will take over the iconic building. Tell us who you think will take over the pyramid, how much it will go for and your name will appear below. 
 
Who Will Buy the Pyramid? 
According to NKF’s Mark Geisreiter, “Foreign capital could be attracted to the pyramid’s iconic brand, while private equity groups might see value in revamping the entire block.” Geisreiter’s comments appeared in the SF Biz Times. 

————————————————————-

” I think it will go for $600 Million and it will be called Wework Tower, bought by a pension fund and wework’s Adam Neumann.” Karl Westfeld, San Francisco

————————————————————-

 “Jimmy Buffet (check his surprising net worth) will tap some of his investment partners and turn it into a Margaritaville Hotel. Likely at least $500 MM.”  Jim Kovac, San Jose 

————————————————————-

I think it easily breaks $600M, and sells to a Boston Properties or Brookfield or Starwood type. Or the Church of Scientology!
  Ari Rokeach, NKF Director

————————————————————-

“Definitely Adam Neumann would be interesting. The “Wework Tower” is like right up his alley, it’s not even funny. 500 Million, no less than that for sure. If the Oakland Tribune Tower went for $48 Million, they should get quite a bit more than that. Hot property; hotter location.”
  Mike Kirner, NKF 

————————————————————-

 
 
What’s Your Opinion?
Please send an email to: michael.kirner@ngkf.com 
 
 
 

 

 

 
 

San Francisco Business Times
Iconic Transamerica Pyramid for Sale
Mark Geisreiter

————————————————————-

 
What’s Your Opinion? 

————————————————————-

 
“Pinterest Pyramid has a nice ring to it.”
Andrea Arata – NKF San Francisco – Director of Research

————————————————————-

 

“It will go for $400 MM and Warren Buffet will turn it into a yuppie 24/7  buffet dining hall.”
 
Peter Schmitt, San Jose

————————————————————-

” My serious guess would be a bank like B of A, so  they’d have 555 California and the Pyramid in their portfolio.  $650M sounds expensive for how usable the office space actually is, but plausible given its an historic icon of a property. I wonder if it even counts as class A space any more?” My not serious guess: Jeff Bezos will buy it with some pocket change he found in his tuxedo pants and turn it into a rocket ship.”
Travis Zeiler, CRE Group San Francisco

————————————————————-

They’re selling the Transamerica Building?? That stinks.
Jim Kotsonas, San Francisco 

————————————————————-


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#Linked

Mike Kirner / August 23, 2019


Proof This
During the early Spring of 2019, I was asked to proofread an excel spreadsheet which contained a list of approximately 20 Newmark Knight Frank individuals who had earned promotions. The list featured the new titles that each broker had been awarded. They were all impressive titles, and a testament to the fact that talent and hard work pay off in the CRE industry. I saw very productive Executive Managing Directors, rising star Managing Directors, super millennial Associate Directors and roll-up-your-sleeves Senior Directors. Each of the individuals listed are among the many productive brokers who work for Newmark Knight Frank, NorCal. There was Roman Adler, Shannon Aja, Ari Rokeach, Danny Bartz, Tracy Solari, Aaron Gillespie, Mo Spikes, Lauren Whitlock and several others.
 
Vice Chairman #LIZ
However, one title stood out to me almost immediately. It was a newly appointed Vice Chairman – and the person whose name is attached to it was Liz Hart. I thought to myself, “I’ve not met a lot of female Vice Chairmen in the CRE industry.” To be more precise, Liz Hart is the first ever female Vice Chairman in NKF’s NorCal history and the fifth female Vice Chairman in the company. In fact, as far as I know,  there’s only one other female Vice Chairman in all of San Francisco……and she works on Fremont and Market Street at an up and coming CRE brand. 
 
Raising the Bar
Liz is an authentic power broker who seems to always be in motion. I often write quotes and make suggestions for brokers and thought leaders for various publications. Liz is the only one who not only completely rewrites my quotes – she has the audacity to improve them.

If ever there was a good time to craft a poignant press release, this was clearly it. 

As is often the case, I already had a headline in mind, before I even started writing: Newmark Knight Frank Raises the Bar on CRE Diversity. I also thought perhaps I would pitch the approved final release to Lisa Brown, a writer with Globe Street. Sometimes it’s a good idea to approach one reporter at a time to see if a publication would like a head start to break a newsworthy story before other publications see the press release. Surely, I thought – Lisa would do justice to my press release. Lisa is somebody I enjoy collaborating with, because like me, she shies away from two of the CRE industry’s most omnipresent and trite quotes: ” I am excited…..blah, blah,blah.” or ” We are excited…..blah, blah, blah.” If you pay attention, it’s absolutely everywhere. It’s overuse has become nearly painful to witness. 
I can’t believe I just allowed that phrase to appear in my own exciting story. It has now appeared in my story three times.

At a previous company, I once proposed to a revered Canadian senior executive that the use of these phrases should be officially and eternally banned from all North American communications. He was not amused because they were among his favorites.

 
Scaling Top Rungs
The headline of the Globe Street story is Women Scale Top Rungs in CRE Leadership. Check it out here. Naturally, I had no objection that my headline was changed dramatically; the writer, afterall is entitled to practice poetic license. No trace of the word excited anywhere! After about seven days, I sent an email to Liz Hart and showed her the various news media who had also covered her story. There were quite a few: The Registry, Connect Media, Blau Journal, CoStar, Commercial Real Estate Executive and several others. I posted the Globe Street story on social platforms and also proudly sent Liz my own Linkedin statistics. Since arriving at NKF eight months ago, I have encouraged NKF brokers and staff to frequently LIKE. COMMENT. SHARE on Linkedin.
 
Post with a View
The statistic I’m usually most intrigued by is how many total views are generated by any given post. Linkedin has a feature where you can see exactly how many people viewed the story you post and it also shows you what company they came from and in which city they reside. My own Linkedin post featuring the aforementioned Globe Street story generated 2,016 views in about four days. While this isn’t a staggering number, it’s generally better than most posts, which I have found range between 90 and 1,000 views, sometimes more. Obviously this number is affected by how interesting your story is, how many followers you have and, let’s face it………it’s also a barometer of how popular you are. I have approximately 1,100 followers, which shows I am not wildly popular, but reasonably popular. I’m cool with reasonable.
 
Exponentially Speaking 
I asked Liz if she could kindly share her own Linkedin stats, since she had posted the same story separately on her own Linkedin wall. I was not really prepared for the answer. I was expecting maybe 3,000 or 4,000.

The answer was 23,396. That’s twenty three thousand, three hundred and ninety six views in about one week. 

(On Good Friday, I was told the exact number was  34,478). That’s how many people viewed her post of the Globe Street story on Liz Hart’s Linkedin wall. Even if the big number above is off by a few thousand, are there any Linkedin members reading this story whose individual posts have surpassed that number? Who among you can top that number: 23,165 views in one week? The real point to this story is as follows: Does anybody really still not understand how important social media (a good reporter doesn’t hurt) is to build your personal brand?

Bravo, Liz Hart; Gracias, Lisa Brown; Thank You, Linkedin.

 

Enjoy Liz Hart’s  Story in Globe Street

 

 

Need a Linkedin or Social Media Lesson?
FREE for all NKF NorCal Peeps;
Completely unaffordable for all others:  michael.kirner@ngkf.com 

 

Image used is Designed by Freepik –  www.freepik.com 

Linkedin is an Extremely Effective Platform for Building Your Online Brand. 

 

 

 Blog Portal Promotes Broker Creativity

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#Breaking

Mike Kirner / August 22, 2019


Breaking CRE News
Below are some of the recent NKF NorCal stories in the news. The broker teams and thought leaders who work at NKF NorCal are sought after contributors and experts in their field.  We work closely with all the top national and local publications to bring you updated, relevant and interesting articles, stories and research findings.
NKF NorCal Spotlight
NKF Sponsors Major Pro Cycling Race in San Rafael
Haden Ongaro, Mark Carrington

 

San Francisco Business Times
Tech Giants Fight for Space in The City
Tom Poser, Mark Geisreiter
Bloomberg
Getting Fabulously Wealthy in Silicon Valley: No Coding Required
Phil Mahoney
Commercial Property Executive
DivcoWest JV Sells San Jose Office Asset for $230M
Phil Mahoney
NKF NorCal Spotlight
CRE Blog Encourages Broker Creativity
NKF NorCal 
The Registry
Embarcadero Capital Partners; PCCP Acquire Landmark ±472,000 sf Silicon Valley Campus
Jeff Arrillaga, Mike Saign, Shawn Kellenberger, 
Connect Media
NKF Advises on $326 MM Multifamily Sale in Redwood City
Rob LeDoux, John Mcullough, Ramsey Daya, Chris Moritz, Travis Bailey
SF Business Journal
NKF NorCal Advises on $326,000,000 Apartment Sale in Redwood City
Rob LeDoux, John Mcullough, Ramsey Daya, Chris Moritz, Travis Bailey
Silicon Valley Voice
Sunnyvale Tech Campus 1st Phase Launched
Joe Kelly 
Real Estate Business Online
Santana West Breaks Ground in Silicon Valley – NKF to Handle Leasing
NKF NorCal 
San Jose Spotlight
Cool Santana Row Project: Santana West
Randy Gabrielson, Todd Shaffer, Tracey Solari
Mercury News
Santana West: New Santana Row Project Underway: NKF Seeking Tenants
Todd Shaffer, Randy Gabrielson, Tracey Solari
Silicon Valley Business Journal
Santana West Breaks Ground
Tracey Solari, Todd Shaffer, Randy Gabrielson,
SF Business Journal 
NKF Vice Chairman  in the News
Liz Hart
Mercury News
Big Milpitas Office Park to Feature New Tech Campus
Jeff Arrillaga, Shawn Kellenberger, Michael Saign

NKF NorCal Award Winners UPDATE 
Throughout all of 2019, numerous NKF NorCal brokers and thought leaders have won awards and have been recognized by a myriad of top publications. Bravo to NKF veteran David Cullen for  rolling up his sleeves every day and keeping on top of all the different awards, submissions and follow up.  Did you know there were four different “Women of Influence” Awards? Please see all the 2019 award winners here.

 

Is Your Broker Team Thirsting for Some Online Buzz?
Add Some Caffeine to Your PR Efforts:   
contact michael.kirner@ngkf.com 
Sacramento Business Journal
Costco Buys Land in Loomis

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#Vice Chairman Liz

NKF NorCal / August 11, 2019


Liz Hart Promoted to Vice Chairman
Earlier this year Newmark Knight Frank NorCal promoted top producing and longtime CRE veteran Liz Hart to the position of Vice Chairman. Ms. Hart is the fifth female vice chairman in the company and NKF’s first female vice chairman in the San Francisco Bay Area.
The promotion of Ms. Hart further strengthens NKF’s diversity and inclusion initiatives and reinforces the mission of NKF’s Network of Women (NOW) organization, which represents the firm’s commitment to the recruitment, development and retention of women across the organization.  Subsequent to this historic appointment, Globe Street featured an extensive article on Hart, which ultimately generated over 20,000 views on Hart’s Linkedin wall. 
 
Eight Levels
Ms. Hart joined NKF in 2005 as a broker assistant, where her first real estate transaction was 937 square feet. Through hard work and dedication, her roles and responsibilities at NKF have grown and resulted in eight levels of promotion. She has been one of the region’s top performers over the past ten years. Her specialty is collaborating with prominent technology tenants on headquarters strategy and landlords on complex ground up and redevelopment projects. In the last several years, she has brokered several of the top office headquarters transactions in San Francisco and Oakland.
 
Notable Transactions
Some of her notable transactions include Uber’s Mission Bay Headquarters for 1 million-square-feet, representing Alexandria Real Estate in 1.4 million-square-feet of transactions, including the Stripe and Pinterest headquarters, and representing CIM in their 355,000 square-feet Uptown Station deal with Square.

According to NKF President, Northwest Region Chuck Seufferlein, “Liz is and has always been a formidable talent with unique abilities and extremely high standards. She deserves this promotion; our company and clients are indeed fortunate to benefit from her consistent productivity, dedication and exemplary work ethic.”

 
Driven, Top Performer
NKF Executive Vice President, Regional Managing Director Bryan Courson added, “Liz embodies all the positive, professional qualities that one can possibly fathom. She is a driven top performer, a great communicator, a proven team leader and a consummate task manager. She’s clearly an asset to our brand and mentors many young brokers and staff in our region.” Courson also believes that among the top 10 CRE brands, Hart is among a relatively small percentage of female vice chairman in the Bay Area’s CRE history.
 
Non Profit Involvement
Ms. Hart is on the board of 1 Brush Initiative, a nonprofit focused on public art projects and art education in San Francisco. She also co-produced Last Glimpse, a travel and adventure show that visited places on Earth impacted by complex environmental issues. Ms. Hart earned a bachelor’s degree in political science from the University of California, Berkeley.
 
Awards:
Top Five Producers in Newmark Knight Frank’s San Francisco office in 2007 and from 2010 to 2018. She ranked among the Top 20 Producers in 2011 and Top 10 Producers from 2013 to 2018. In November 2015, she was named one of the Top 20 US Office Leasing Brokers by Real Estate Forum. In March 2016, she was named San Francisco’s Broker of the Year by The San Francisco Business Times.
 
Publicity
Read more about Liz in Globe Street
 
 
Win an Award or Close a Mega Deal?
Let the World Know About It –
Contact michael.kirner@ngkf.com 

Introducing the first ever female Vice Chairman in NKF’s NorCal history and the fifth female Vice Chairman in the company. Bravo! 


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#2nd Quarter Office

NKF NorCal / August 06, 2019


REGIONAL SUMMARY
If you like a lot of stats, data and facts, you’re going to love this! The Northern California office market posted 692,544 square feet of positive net absorption in the second quarter. This marks the seventh consecutive quarter of positive absorption. Strong leasing activity, especially on quality, transit-oriented spaces, continues to push down the overall availability rate, which finished the quarter at 10.8%. The total average asking rent increased $0.10 to $4.13/SF. In the largest direct lease deal of the quarter, Google leased 728,335 square feet at Peery/Arrillaga’s North First/Brokaw Road project in San Jose. Google intends to occupy the four buildings upon completion in 2021.

 

SAN FRANCISCO
Market Remains Tight
The amount of direct vacant space was unchanged quarter over quarter, and overall vacancy remained steady at 3.2%. Overall availability was 8.5%, or 7.1 million square feet; however, the current demand of 7.9 million square feet outpaced supply. Leasing activity was constrained due to the tight market, down 24.6% in the first half of 2019 compared with the first half of 2018.

All of the 1.4 million square feet currently under construction with delivery dates through 2020 has been pre-leased.

Overall asking rates increased 9.2% year over year to $84.89/SF, while Class A rates increased 9.7% year-over-year to $89.35/SF.
NORTH PENINSULA
Another Healthy Quarter
The North Peninsula’s average asking rate is currently $4.87/SF full service, up from $4.44/SF in the prior quarter. Overall availability decreased this quarter to 11.5%, down from 12.0% at the close of the prior quarter. Currently, the construction pipeline holds approximately 3.1 million square feet awaiting completion, with 357,507 square feet expected to be delivered next quarter.  Tenant demand increased to 3.5 million square feet, up from 3.25 million square feet in the previous quarter, with a bulk of the requirements now in the 20,000 to 49,999-square-foot range.

Leasing activity throughout the North Peninsula for the quarter remained steady, with 13 completed transactions of greater than 20,000 square feet.

SILICON VALLEY
South Peninsula Asking Rents & Sales Prices Continue to Rise
Gross absorption remains flat, as well-located, quality space remains difficult to find. Record high rental rates are still climbing up as vacancy rates remain near historic lows. There has been no resistance to high leasing rates, as the continued trend for tenants is to pursue more expensive space in quality and transit-oriented buildings. Strong demand, steady leasing activity and a more certain economic outlook should allow the South Peninsula to maintain high rents and keep vacancy low.

New projects coming to market toward the end of the year may bring some relief to the core transit-served downtown markets.

Tenants Continue to Grab Up Large Blocks in the South Bay
The South Bay market posted 498,808 square feet of positive net absorption in the second quarter. San Jose led the way, producing a record quarter for an individual submarket with 767,966 square feet of positive net absorption.

Google played a large part, leasing and purchasing over 1.0M square feet in North San Jose.

As a result, the market is tightening. However, with 4.8 million square feet of office space currently under construction in the market, there are clearly opportunities to expand or establish a foothold in the area.
EAST BAY
Greater Oakland Rents Continue to Rise
Notable second quarter activity in Oakland included Kaiser’s centralized headquarters announcement and Credit Karma’s lease in downtown Oakland. Asking rates have been on the rise for years, but 2019 has ramped upward momentum, specifically in certain pockets of the East Bay. Downtown Oakland has seen the biggest rise, Class A rents now reaching an average of $5.15/SF, compared to $4.61/SF in 2Q18. This marks an 11.7% rise in asking rents over the past year.
Active Quarter for North I-680
After a relatively quiet 6-month period, the second quarter was extremely active in terms of the number of leases over 10,000 square feet completed. AssetMark extended its current 75,000-square-foot lease and expanded into an additional floor of 25,000 square feet. At Treat Towers in the Pleasant Hill BART submarket, AAA extended its 63,000-square-foot lease and expanded into 20,000 additional square feet.

The downsize activity, however, was equally robust, leading to a statistically flat quarter for the overall North I-680 office market.

Tri-Valley Subleases Cause Negative Absorption
The overall Tri-Valley market experienced negative absorption in the second quarter, which can be attributed to new large block subleases in the Class A office segment. Many of the Tri-Valley’s recent sublease offerings have been the result of corporate acquisitions and consolidation of existing real estate.

Despite this, the market has continued to experience growth, primarily in three industries: tech, biotech/life science, and home building.

These industries make up 76% of the companies that have contributed to positive absorption over the past 30 months.
NORTH BAY
Investment Sale Activity in Marin County
The Marin County investment sales market was busy in the second quarter of 2019 with 4040 Civic Center Drive and The Harbors both selling late in the quarter. Hamilton Landing and Belvedere Place are both under contract and expected to close in the third quarter. In addition, ten Class B office buildings totaling 117,000 square feet sold for a combined price of $43.4 million, or $371/SF.

 

Slow Quarter for Sonoma County
While the Sonoma County office market had healthy gross absorption in the second quarter of 2019, reaching 108,971 square feet, leasing activity did not outpace the space returning to the market for the third consecutive quarter, which resulted in negative net absorption of 39,326 square feet. Major contributions to the negative net absorption were two Class A spaces on McDowell Boulevard in Petaluma, totaling 47,288 square feet, and one Class B space on Santa Rosa Avenue in Santa Rosa for 10,216 square feet.

 

 

GREATER SACRAMENTO
Sacramento Office Market Remains Positive
The Sacramento office market ended the first half of 2019 with 423,637 square feet of positive net absorption, the region’s 11th consecutive quarter of positive net absorption. The vacancy rate dropped to 11.2%. Tenant activity remains very good as WeWork enters the market and the State of California remains active.  Adventist Health moved in to a 280,000 square foot building in Roseville and accounted for the only office building to complete construction during the quarter. The latest Capitol Mall high-rise sale saw a local buyer, the Evergreen Company, purchase 300 Capitol Mall for $127 million.
Contact Our Research Team for More Data:
NorCal Research Team
NKF NorCal Research Interactive Website
Download Full Report

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#Fabulously Thai

Chip Wiser / July 13, 2019



 

LAPISARA: FABULOUSLY THAI
Welcome to the regular guest blogger column written by Newmark Knight Frank Senior Managing Director Chip Wiser. He’s a 30 year commercial real estate veteran and a student of life. Besides CRE, his passion is enjoying the fine restaurants in San Francisco, where he lives with his wife Jane.

In the past three years, they’ve walked over 5,500 miles and dined at over 200 local restaurants.

According to their log, this is culinary experience number 211. This week’s restaurant review is on Lapisara. Google Maps lists this venue as a Brunch Restaurant. While they serve a very good brunch, their dinner menu offers fabulous Thai cuisine. In fact, it is some of the best Thai food we have tasted in the City. Of the 200 new restaurants we have tried, we have dined at 10 Thai spots.

Of these, we have only rated two with a 4 out of 5 Stars, and none with 5-Stars. Our ratings are based upon food only, and Lapisara easily deserved the high mark.

Lapisara is a very nice restaurant on the corner of Post and Jones, just down the street from our pad on Nob Hill. The food, and service, were outstanding. What is more is you do not need to spend an arm and a leg to get a great meal in San Francisco.

 

 

WINE PAIRING
Lapisara makes it easy to order wine, as there is only one selection of Chardonnay, Sauvignon Blanc, Pinot Noir and Cabernet Sauvignon. We selected the Sauvignon Blanc, which paired very well with the meal.

Our Party of Three Enjoyed:

 

Tuna Tartar
w/ fresh tuna, fresh mango, avocado, toast sesame and Sriracha-sesame sauce, served with fried wonton;
Lemongrass Wings
w/ Marinated fried chicken wing with house Queen “B” Bacon spicy sauce, topped with crispy Lemongrass;
Tom Kha Soup
w/ chicken and shrimp w/ Coconut herb soup with mushroom, red & green onions, chili, cilantro and kaffir lime leaves;
Pad Thai
w/ Rice noodles with House Tamarin Sauce, fresh farm egg, peanut, green onion, and bean spout with choices of meat chicken or mixed vegetables.;
Moo Yang
w/ Grilled BBQ Pork, with jasmine rice, Asian pickle, assorted vegetables and fried egg.

 

Everything was outstanding, and you will not be disappointed.
Bravo Et Bon Appetit!
Chip
Chip Wiser on Linkedin
Lapisara Website
Sorrell: The Blue Hair Special
The Morris : New American Cuisine

 

 

Hungry for Some Online Publicity? 
Let’s Shine the NorCal Spotlight on You! Contact our Chief Executive Blogger  michael.kirner@ngkf.com and let’s talk. 

Some of the best Thai food in the City

 

 

 

 

 

Local Events Update
NKF Sponsors Major Pro Cycling Race in San Rafael
Haden Ongaro, Mark Carrington

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#The Snake Before Uber

Mike Kirner / July 08, 2019


Research Data by Kyle Philips
Rebirth
Over the past ten years or so, numerous articles have been published about Oakland emerging as “The New Brooklyn”. As New York’s most populous borough, Brooklyn, not unlike Oakland, is known for its cultural, social, and ethnic diversity, an independent art scene, distinct neighborhoods and a storied architectural heritage.

Both cities have seen a manifest renaissance in recent years.

For longtime Bay Area residents like myself, I sometimes look back to the late 80’s or even the 90’s and recall vividly that nobody ever wanted to go to Oakland if you lived in the City or Marin County in those days. I’m serious. I can’t ever recall wanting to hang out there on a weekend.

The Snake Before Uber
For those of you who go waaaay back, who can forget the great NFL Oakland Raiders of the 70’s and 80’s? What a bunch of characters and really good athletes the Raiders had! In the late 1990’s, I was a Director of Marketing for Northgate Mall in San Rafael and we hosted a big sports card event. Many of the Raider greats were there signing autographs, including Ted “the Stork” Hendricks (crushed my hand when he shook it)  Cliff Branch, Willie Brown, Clarence Davis and others. Here’s a cool video of the Snake in action. I was also a copywriter in those days and I created a newspaper ad announcing the same sports card show. The ad showed two sports cards next to each other with the teaser headline: “Trade Otis Sistrunk for Joe Montana”. The main guest of honor was the late Kenny “the Snake” Stabler. This Alabama-born Southern boy was one heck of an NFL legend – just a fabulous quarterback and a gritty, old school winner. With Stabler, the Raiders almost always put on a good show and they won tons of games, AFC playoff games and a Superbowl.  During his 15 NFL playing seasons, Stabler completed 2,270 passes for 27,938 yards and 194 touchdowns.

The Snake had arrived at Oakland International Airport and I was told that his driver had failed to show up.

This was long before Uber and Lyft, peeps. I was the Uber driver for the Snake that day and picked him up from the airport in my 1986 Mazda RX 7. Because I thought it would be cool, I had the Hall of Famer’s name paged via the airport pager.:

“Mr. Ken Stabler, please meet your party at the United ticket counter.”

We talked for an hour as we drove through parts of Oakland and passed the old football stadium. The Snake had an easy going, slow cadence to his Southern drawl and we spoke about football glory days and how the city of Oakland could use a bit of a makeover.  Like myself, he agreed that many Bay Area residents did not consider Oakland as a viable, safe option for an evening of social activities or dining at a restaurant. How very proud he would have been of what’s happened to the city of Oakland today.

Urban Vibe
Fast forward a quarter of a century and Oakland features omnipresent nightlife, a cool and diverse urban vibe, young people, older people, cool people,  hip restaurants, the fiery mayor Libby Schaaf……… and tons of places to chill. It’s become a veritable melting pot of nonstop activity, commerce and development.

Today, it’s clearly not the New Brooklyn; it’s the New Oakland.

If you’re ever downtown or are in the mood to purchase a $50,000,000 building, stop by at Newmark Knight Frank’s cool offices at 1111 Broadway. We’re in the huge building with the Wework sign outside, next to the 12th Street Bart Station – Our offices are fabulous and in the thick of all the action!

 

Rents on the Rise

The Greater Oakland office market experienced two significant events in the second quarter of 2019.

Kaiser Permanente announced that it will construct and move into a centralized headquarters, and Credit Karma signed a lease in Downtown Oakland. Asking rates have been on the rise for years, but momentum has been ramping up in 2019, particularly in certain pockets of the East Bay. Downtown Oakland has seen the largest increases, as Class A space in that submarket now averages $5.15/SF, an 11.7% increase from $4.61/SF one year ago.
OAKLAND RUNNING THE SHOW & THRIVING
The Greater Oakland market has remained tight, but that is due in large part to the demand for Oakland office space. By contrast, demand in Emeryville and Berkeley has remained stagnant over the past few quarters, accounting for only 121,075 square feet leased in the second quarter. Gross absorption for Oakland reached just over 302,000 square feet, accounting for three-fourths of the market deals finished while accounting only for half of the same inventory.

Availability rates remain higher in Downtown Oakland, as 601 City Center and 2150 Webster, two large blocks of space, remain unleased.

Many San Francisco tenants are rumored to be looking at both spaces, which would place them next to Blue Shield of California and Square, which will be moving parts of their operations to Oakland later this year.
Want to be a Published Thought Leader?
Put Some Thought Into It & Contact  michael.kirner@ngkf.com 

Many San Francisco tenants are rumored to be looking at spaces in Oaktown.

 

Photos: 1.6 MM Sq. Ft. Thrive Center

KAISER CONSTRUCTING NEW HEADQUARTERS: The Thrive Center
The largest office project on the West Coast since the new Apple Park is landing in Downtown Oakland. Kaiser Permanente, one of the largest healthcare providers in the world, is constructing the Thrive Center to serve as its headquarters. Located at 2100 Telegraph Avenue, the 28-story office building has a proposed size of 1.6 million square feet. Prior to moving into its new headquarters, Kaiser will sell the properties it currently owns in Downtown Oakland to Lane Partners, which is also developing the Thrive Center, and vacate four of its leases in the East Bay. Once completed, Thrive Center will be bringing together staff currently in multiple locations, reducing annual operating costs, and benefitting the city that has been its home since 1945. The announcement is the latest step in the organization’s ongoing effort to deliver more affordable care and coverage while continuing its commitment to the city of Oakland. The new building, at 2100 Telegraph Avenue, is scheduled to break ground in 2020.

By 2023, the total space vacated in Alameda and Oakland as a result of Kaiser consolidating its headquarters to one location, will total 1.75 million square feet.

 

CREDIT KARMA IS COMING ACROSS THE BAY
Credit Karma is expanding from San Francisco into Downtown Oakland. The personal finance company inked a lease at The Key, which is currently under construction at 1100 Broadway. The deal includes the 14th through 18th floors and a roof terrace for a total of 110,900 square feet. The property is expected to complete in 2020 and will bring a new look to Downtown that is a blend of Oakland’s past.

According to NKF’s Conor Ranahan,“Credit Karma recently exercised its option on an additional three floors totaling 57k sf. The building is now fully leased.”

SIGNIFICANT LEASE TRANSACTIONS
The second quarter of 2019 saw several significant leases in the Greater Oakland market. As mentioned before, Credit Karma’s lease at The Key has certified Downtown Oakland as a new option for companies looking to get away from the limited options currently available in the San Francisco market. In addition, Everlaw leased 49,568 square feet it had previously subleased at 2101 Webster Street. Emeryville had one large transaction in the quarter, completed by Whole Foods, which subleased 37,892 square feet at 6401 Hollis Street.
INVESTMENT TRANSACTIONS
The most significant investment sale of the second quarter occurred in Alameda, which included most of the Marina Village submarket. DRA Advisors purchased a portfolio of 27 separate office and R&D properties totaling just over 1.0 million square feet from Brookfield Properties for $267 million, or $264/SF. CIM sold another piece of its Oakland portfolio, 1333 Broadway at 252,080 square feet, for $115.0 million, or $456/SF. Lastly, Hines purchased 415 20th Street from the Regents of the University of California, most likely for use as a development site.
For More Information:
Kyle Phillips
Research Analyst
510.496.5756
kyle.phillips@ngkf.com

 


Comments (3)


Vintage House Restaurant

August 10, 2019
/

Superb blog! Do you have any recommendations
for aspiring writers? I’m planning to start my own blog soon but I’m a
little lost on everything. Would you recommend starting with a free platform like WordPress or
go for a paid option? There are so many options out there that I’m
totally confused .. Any suggestions? Many thanks!

    Mike Kirner

    August 10, 2019
    /

    Thanks for the compliment. This is a WordPress Blog and I believe there are some free versions of their blog platform and some that charge a fee. If you want a blog like ours, you do need to pay a reasonable fee. If you’re just beginning I would suggest WordPress; simply because you might as well get used to how the platform works and once you achieve higher proficiency , you’ll want to upgrade. Just stick to wordpress, watch a bunch of their youtube videos, tutorials and it’s really not hard to become a blogger at all. Order a WordPress tutorial book on amazon; that helps. Regards, Mike Kirner, NKF NorCal – Chief Executive Blogger

Conor Ranahan

August 16, 2019
/

Credit Karma exercised its option on an additional three floors totaling 57k sf. The building is now fully leased.


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# Notable Deals

NKF NorCal / July 07, 2019


Every month, NKF NorCal releases information about some of the latest transactions and deals that our broker teams have been involved in. Our NorCal Research Team works with brokers, clients and  PR & Communications to announce these deals to the press and the general public. Please tune in often for updates.

 

Provident Credit Union HQ in Redwood Shores Now Fully Leased
Redwood Shores, CA – Deborah O’Reilly and Craig Kalinowski of NKF San Mateo have fully leased 303 Twin Dolphin Drive, Provident Credit Union’s headquarters and one of Redwood Shores’ most prominent Class A office properties. Representing the ownership, the NKF team facilitated the 36,532-square-foot transaction with Auris Health, a robotic medical company, who will occupy the second and fifth floor of this property.

 

County of Santa Clara Leases Under Construction Project on Oakland Road
San Jose, CA – Jack Lewis of NKF San Jose represented property owner Panattoni Development Company in an 82,900-square-foot lease to the County of Santa Clara. This freestanding industrial/manufacturing project located at 2144 Oakland Road is a rare opportunity that features a minimum clear height of 32 feet, 4 grade level doors and 12 dock high doors. The project is currently under construction and will be complete at the end of 2019.

 

Humu Finds Space to Accommodate Growth Plans
Mountain View, CA – Sean Whitney and Jeff Rodgers of NKF San Jose worked with Humu, Inc. to secure a lease for 31,745 square feet at 100 View Street in Mountain View. A phase-in for the initial space with eventual rights to the entire 48,000-square-foot building, the deal will accommodate Humu’s emphatic growth plans. Led by two former Google executives, Humu helps companies use behavioral science and machine learning to build stronger, happier, more capable teams. As the closest major office building to the Downtown Mountain View CalTrain station, 100 View Street will allow Humu to continue recruiting from the surrounding Bay Area and San Francisco.

 

Alation Inc Finds New HQ At Paragon Point
Redwood Shores, CA – Kristoph Lodge, Shawn Troedson, and Jack Troedson of NKF Palo Alto represented landlord Metropolitan Life Insurance Company in lease negotiations with Alation Inc., represented by Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose. Alation offers a machine data learning catalog to help users find, understand, and trust data across their organizations. The new lease, which totals 29,087 square feet, will be located at 3 Lagoon Drive. Adjacent to the Redwood Shores Lagoon, the LEED Platinum and Energy Star certified building at Paragon Point has gorgeous water views for its new tenant to enjoy.

 

Anita Borg Institute For Women and Technology Leases Space in Belmont Shores
Belmont, CA – Dan Matteucci, John Kraft, and Sarah Bohannon of NKF San Mateo represented landlord Westlake Realty in the lease of 20,870 square feet on the fourth floor to the Anita Borg Institute at 1301 Shoreway Road in Belmont. The organization aims to recruit, retain, and advance women in technology. The four-story 148,000-square-foot Class A property, which boasts high quality finishes, a fitness center, outdoor collaboration areas, charging stations for electric vehicles, and an on-site café, is now 90% leased.

 

Fluidigm Agrees to Lease Space in the North Tower at Genesis SSF
South San Francisco, CA- Mary Hines, Jennifer Vergara, and Jay Leslie of NKF San Mateo teamed up with Randy Scott of NKF Palo Alto to represent Phase 3 Real Estate Partners in the lease of 77,929 square feet to Fluidigm in the North Tower at 2 Tower Place in South San Francisco. The biological research equipment company will occupy floors 18-21 at this recently completed life science development.

 

Downtown Burlingame Class A Development Fully Leased
Burlingame, CA – Dan Matteucci, Craig Kalinowski, and Josh Rowell of NKF San Mateo have fully leased 988 Howard Avenue, one of Downtown Burlingame’s most recently delivered developments, located directly across the street from the Caltrain station. The NKF team represented landlord Opus One Howard, LLC. in negotiations with the tenant Compass California II, Inc., which is set to occupy the last remaining 12,872 square feet in June 2019. This three-story, 26,581-square-foot Class A property was delivered at the end of the first quarter of 2019 and includes a 3,500 square foot private roof deck with eleven additional outdoor decks throughout the project.

 

Morgan Stanley Renews Lease at Sand Hill Commons
Menlo Park, CA – Mike Courson of NKF Palo Alto and Mark Courson of NKF San Mateo represented landlords Clarion Partners and Invesco in the renewal of 12,072 square feet of space at 2882 Sand Hill Road in Menlo Park to Morgan Stanley Smith Barney Financing. Sand Hill Commons consists of two buildings totaling 133,066 square feet and a beautiful courtyard. The prominent Class A office park is home to many globally recognized venture capital and private equity firms.
Yearning for the Spotlight ?
Let’s Find a Way to Get You Covered. Contact  michael.kirner@ngkf.com 

Significant Deals, Transactions & Notable Wins.


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# USA 2 – Holland 0

Mike Kirner / July 07, 2019


US Women Are Soccer World Champions Again
After scoring 26 goals in seven games and defeating nations including Thailand, Sweden, France, Spain, England and Holland, the US Women’s World Cup Squad are the World Champions for the fourth time in 20 years. The US women defeated Holland on Sunday, with a 2-0 margin with goals from Megan Rapinoe and Rose Lavalle. With international superstars including Megan Rapinoe, Alex Morgan and Toben Heath, the American women were a polished, highly organized and streamlined unit of attacking, exceptional talent.

 

US Defeats Holland
The final game against Holland was a hard-fought and valiant effort by the Dutch. However, the precision passing, speed, determination and creativity of the American women was both a pleasure to witness and a very tough assignment for the European ladies. The No. 1 ranked United States Women’s National team and the Netherlands national team – ranked No. 8 played a stirring and high tempo match. Team USA was aiming to repeat as reigning champions. The Dutch were trying to pull off a huge upset.

 

About the Women’s World Cup
The FIFA Women’s World Cup is an international football competition held every four years since 1991. Under the tournament’s current format, national teams vie for 23 slots in a three year qualification process.

 

NKF Women Crushing It in 2019
NKF NorCal has also experienced some uprecedented and interesting milestones in 2019. We appointed Liz Hart as the first female Vice Chairman in NorCal history; the fifth female Vice Chairman in the company. Liz also happened to post one of the most viewed Linkedin stories in recent memory: Anyone ever heard of 23,396 Linkedin views?  Read story here:
ELEVATE
On May 8th, 2019, eight NKF NorCal women were honored as finalist in the annual ELEVATE event at SF Jazz Center, an iconic celebration of women in the local commercial real estate industry. Sponsored by NKF NorCal, the sold out event honored individuals and employers who are making a positive impact in today’s real estate industry. Among the NKF NorCal brokers recognized at ELEVATE were Steering Committee Head Nancy Morse, Rising Rock Star winner Hannah Potter, as well as award nominees Meghan Basso, Jill Arias, Bryte Belloti, Sarah Bohannon and Mary Hines.
Innovative Research Website
Earlier this year, NorCal VP of Research Bonnie Readd and Creative Director Candice Liu teamed up to coordinate, design and launch NKF NorCal Research Interactive, an innovative, groundbreaking, state of the art research website. According to Readd, ” The website is designed to be an interactive and immersive experience.” Below are links to some of the NKF NorCal women who are making news in 2019.

 

NKF NorCal Raises Bar on Diversity
ELEVATE Honors Women & Inclusion  in CRE
VP of Research Announces New Research Platform
Women Climb Top Rungs in CRE
NorCal Vice Chairman’s Linkedin Post Gets 23,386 Views

Rapinoe; Lavalle Score in US Victory

 

 

 

Want to Play Co-Ed Soccer Thursday Nights? 
Introducing the NKF Power Brokers
Next Season Starts in January

 

 

 

NKF Power Brokers Win 5-1
+ Co-ed Soccer Team Promotes Diversity;Teamwork
NKF NorCal 

Comments (2)


Wesley Dickinson

July 8, 2019

Great article! It is inspiring to see all the NorCal women making such groundbreaking achievements this year

karl Westfeld

July 8, 2019

Good to hear the US women win again! Wunderbar. Congrats to all the success for Newmark’s women as well. Cheers. KW


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#Life Sciences

NKF NorCal / June 25, 2019


MARKET OVERVIEW: 1st Quarter/2019
According to Newmark Knight Frank NorCal’s most recent research, the positive momentum of the San Francisco Bay Area life science market at the close of 2018 carried over into the first quarter of 2019, which finished with 240,746 square feet of positive net absorption.
 
The market currently consists of 938,602 square feet of available life science space and closed the first quarter with a 3.9% vacancy, down from 4.9% in the previous quarter but up from 4.2% a year ago.
 
Tenant demand decreased 5.1% over the first quarter to approximately 3.1 million square feet, with a majority of the requirements in the 1,000 to 19,999 and 20,000 to 49,999-square-foot ranges.
 
ASKING RATES
With theoretical triple net asking rates in the $5.50/SF to $6.00/SF range, San Francisco continues to possess a depleted supply of life science inventory, forcing tenants to look elsewhere in the Bay Area to accommodate their requirements. North to South Peninsula asking rates continue to hold between $5.75/SF and $5.35/SF.
 
South San Francisco remains the leading submarket in the Bay Area and continues to possess elite-quality newer life science product, which commands asking rates in the $5.00/SF to $6.00/SF range. Asking rates in the northern part of the East Bay continue to hover around $4.50/SF while the southern East Bay submarkets currently range between $1.50/SF and $4.00/SF.
 
NOTABLE LEASE AND SALE ACTIVITY
The clinical-stage biotech company Allogene Therapeutics signed the largest deal of the quarter, pre-leasing 117,889 square feet at 7400 Gateway Boulevard in Newark through July 2035. The Seaport Centre in Redwood City saw an especially healthy amount of activity, with Codexis exercising its option to renew its leases through May 2027 for a total of 77,100 square feet and Guardant Health deciding to increase its footprint with a 48,432-square-foot expansion.
 
In what was the largest sale of the quarter, Alexandria Real Estate Equities reacquired the two-building park located at 75 and 125 Shoreway Road in San Carlos from Premia Capital. Alexandria purchased both R&D properties for $73.2 million, nearly double what they had sold for in November 2015.
 
NEW DEVELOPMENT ACTIVITY
The construction pipeline currently holds approximately 2.4 million square feet of space awaiting completion, with 17.0% scheduled to deliver next quarter.

The vast majority of the region’s current construction, a total of 1.6 million square feet, is underway in South San Francisco with 56.0% already pre-leased.

The final building in Alexandria’s Technology Campus located at 279 Grand Avenue (E) in South San Francisco was completed this quarter, delivering 211,405 square feet of additional life science inventory to the market. The first phase of Kilroy Realty’s Oyster Point project in South San Francisco is also currently underway with an anticipated delivery date in the second quarter of 2020.
 
US VENTURE CAPITAL INVESTMENT
Life science companies received $4.96 billion, or 15.1%, of the total U.S. venture capital invested through the first quarter of 2019. A total of 280 life science venture capital deals were recorded year-to-date.

 

Read Full Report

 

PUBLICITY
Bisnow

 

 

For More Information:
CHRIS TERANISHI
Research Analyst
650.358.5248
cteranishi@ngkf.com

 

 

Want to be a Published Thought Leader?
Put Some Thought Into It & Contact  michael.kirner@ngkf.com 

South San Francisco remains the leading submarket in the Bay Area and continues to possess elite-quality newer life science product.


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#East Bay Today

NKF NorCal / June 09, 2019


Every month, NKF NorCal releases information about some of the latest transactions and deals that our broker teams have been involved in. Our NorCal Research Team works with brokers, clients and PR & Communications to announce these deals to the press and the general public. Please tune in often for updates.

 

Sumitra Properties Buys Citrus Plaza
Walnut Creek, CA – Forrest Gherlone, Alex Grell, Mike Zylstra and Tom Fehr of Newmark Knight Frank (NKF) Walnut Creek represented both buyer and seller of the recently transacted Citrus Plaza, an approximately 40,180-square-foot multi-tenant office building located at 3021 Citrus Circle in Walnut Creek. Situated in the Shadelands submarket, the Property was 100% leased to 19 tenants at the time of sale. The NKF sales team secured multiple offers before closing at 98% of the asking price.

 

Investment Buyer Lands Full Building Tenant at Close of Escrow
Oakland, CA – Tom Southern of NKF Oakland represented seller Songes-Kubiak LLC in the sale of the 12,260-square-foot mixed-use building located at 2321 Filbert Street. Night Heron Oakland LLC purchased the property as an investment opportunity. The building is a combination of office, warehouse, and industrial kitchen space, and attracted a tenant during escrow, leading to a fully leased building after the close of sale. The new tenant, Nybll, caters and delivers healthy, high-performance meals to top athletes and companies.

 

Chicago Title Stays in Concord
Concord, CA – Breck Lutz and Alex Grell of NKF Walnut Creek represented landlord Sierra Pacific Properties in a 14,835-square-foot lease to Chicago Title at 1200 Concord, a two-building Class A office complex, completely reimagined and remodeled from when it was purchased 2 years ago. New features include a newly activated plaza, a ±100 capacity conference/training center, a fitness center, an indoor/outdoor tenant collaboration/common workspace and beautiful lobbies. Chicago Title, one of the largest title companies in the nation, will be relocating from a neighboring building on John Glenn Drive. John Fennell with Cushman and Wakefield represented Chicago Title.

 

Echo Lab Inks Deal in Fremont
Fremont, CA – Mike Spiro of NKF Oakland represented landlord Rev Projects in the lease of 15,481 square feet of R&D space to Echo Lab at Bayside Technology Park. The single-story building spans 53,221 square feet and is located at 46335 Landing Parkway. Echo Lab provides lab space and use of advanced instruments to the life science community.

 

EPIC Insurance Renews & Expands at Corporate Centre
Concord, CA –Tom Fehr, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented the ownership group of Harbert Management and Montgomery Advisors at Corporate Centre in a deal with Epic Insurance Brokers & Consultants. Epic Insurance expanded their footprint in the building and renewed on its current premises for a total of 26,631 square feet. EPIC Insurance is a benefits brokerage firm with more than 1,800 employees nationwide. Corporate Centre is a highly efficient, two-building Class A Office Project that is easily accessible off Willow Pass Road in Concord and within walking distance to an abundance of new area amenities. The project benefits from the recent delivery of a new state-of-the-art conference room and a best-in-class fitness facility in the comparable market.
EquipmentShare.com Expands
Newark, CA – Mike Spiro and Steve Kapp, SIOR of NKF Oakland represented the Landlord Ferrari Enterprises/Newark, LLC in its new 32,000-square-foot lease to EquipmentShare.com at 6565 Smith Avenue. The industrial site includes just over 2 acres of yard space. EqipmentShare.com, a company built by contractors for contractors, provides rental equipment and telematics support to the construction community.

 

Check Out NKF’s SF Peninsula & Silicon Valley  Deals

 

Is Your Deal a Big Deal?
Ping our Chief Executive Blogger and Find Out:   michael.kirner@ngkf.com 

Our Research Teams work with brokers & clients to announce deals to the press & general public.


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#5,500 Miles

Chip Wiser / May 29, 2019


Broker Meets Food Critic
Likely the first thing you’re wondering is why the heck is Chip Wiser, a seasoned commercial real estate veteran writing about dining at a local restaurant? What am I, a food critic now? The answer is: Yes, I am. My dear friends and connections already know what I do for a living; sharing some of the many fun things in life is a real joy.
Empty Nesters
You may or may not be aware but, as empty nesters, 46 months ago, my wife Jane and I moved to the City. We rented out the pad, shrunk the footprint way down, ditched one car, and simplified…it is a great feeling. We now get out a lot more and have enjoyed so many new experiences that we were unable to relish as often in the burbs.

 

197 Restaurants
During our time here, we have walked over 5,500 miles, dined at 197 new restaurants, and have kept a database of our many experiences. Our friends, especially, my pal, Mike Kirner, Newmark’s PR & Communications Director (alias, Chief Executive Blogger) have encouraged us to share short stories from some of our many travels in the City.
Quarterly Column
Since I am not active on any social media other than LinkedIn, this is as good of a forum as any to provide you with some color from our top restaurants. Moving forward, this restaurant series will be a quarterly column, showcasing the good, the best and the really fabulous places that my wife and I visit during the year. If we hate the food, we’ll likely not say much of anything!
Here’s this week’s fabulous restaurant:

 2501 Mariposa St, San Francisco, CA 94110

 

New American Cuisine
On Tuesday of this week, we dined at The Morris, located in the Mission at the corner of Mariposa and Hampshire. The cuisine is New American, and they have an extensive wine list. Corkage is $50 (very high), but they will waive it for one bottle if you purchase one from their wine list. The service was excellent. The bar is very cool and has a great vibe. The food is simply outstanding. We tried the Charcuterie plate (the pate was a home run), the salmon crudo, the broccoli, the ½ duck, and the beef ribs. You can’t go wrong by dining at The Morris. A great way to get there is to take BART and get off at the 16th Street Station.

The Pate was a Home Run.

Bravo, Et Bon Appetit!
Chip
Chip Wiser on Linkedin
The Morris Website
Lapisara Thai Eatery
Sorrell: The Blue Hair Special

 

Is Your Wit Worthy of Wiser? 
If You’re Hungry for Publicity, Let’s Shine the NorCal Spotlight on You! Contact our Chief Executive Blogger  michael.kirner@ngkf.com and let’s talk. 

What am I, a food critic now? The answer is: Yes, I am.

 

 

 

Lapisara
+ Fabulously Thai
Chip Wiser

 

 

 

 

 

Sorrel Restaurant
+ The Blue Hair Special 
Chip Wiser 

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#ELEVATE Women

Mike Kirner / May 10, 2019


Eight NKF Brokers Nominated for Awards @ Annual Awards Gala at SF Jazz Center 
On Wednesday May 8th, 2019 the Registry partnered with the Bay Area CREW Chapters to produce the 4th Annual ELEVATE, an iconic celebration of women in the NorCal commercial real estate industry. The sold out event honored individuals and employers who are making a positive impact in today’s real estate industry. NKF NorCal was a major sponsor this year. 
 
Inclusion in the Workplace
With over 400 people in attendance, the elegant gala also showcased local companies who have implemented programs promoting greater diversity and inclusion in the workplace, and it shined the spotlight on exemplary women, men, mentors and stand-out CREW members who are making a positive impact. Among the NKF NorCal brokers recognized were Elevate Steering Committee Head Nancy Morse, and award nominees Meghan Basso, Jill Arias, Bryte Belloti, Sarah Bohannon and Mary Hines.

Congratulations to “Rising Rock Star” winner, Hannah Potter & Nancy Morse, who was also recognized as a finalist in the Industry Impact category.

 
 
View Event Photos –  Laura Kudritzki Photography

 

 
Got a Great Blog Story Idea or an Upcoming, Awesome Event?
Reach out to our Chief Executive Blogger: michael.kirner@ngkf.com 

Every year, ELEVATE shines the spotlight on exemplary women, men, mentors and stand-out CREW members who are making a positive impact.

The Registry & CREW Did a Fabulous Job!   

 

 


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#Linked

Mike Kirner / March 25, 2019


Post with a View: The Basics
I’ve been using Linkedin since it was first created, right here in San Francisco, circa 2002. I sometimes quip that I was Linkedin member number 302, but I have no proof of that whatsoever. I recall saying that this was the platform of the future. I love Linkedin because it’s easy to use and users can see immediate statistics relevant to building your personal, online brand. If you’re in CRE, it’s great to see what companies are exposed to your posts or the thought leadership stories that you write.
 
Zero Point Zero
I’m  a writer and storyteller and I am not getting preachy here; simply observant! During my long career, I’ve had the pleasure to meet and work among amazing, smart and creative commercial and residential real estate pros. I’ve worked with seasoned 30 year veterans and scores of  Millennials throughout the Bay Area.  I am often rather surprised how many people really have no clue what to do with Linkedin. Zero point zero clue.

Many people create a Linkedin profile and it sits there in the corner like a pair of old shoes that are past their prime.

If they do have a clue, I sure don’t see effective utilization of this very important platform consistently.
 
Cell Phone Love
It’s not a stretch to say that many younger people (Let’s say 20 or 30 somethings) appear to be on their cell phone 24/7. What exactly do you think they’re doing?  I am convinced that some actually cannot walk from one end of the office to the elevator, or across the street without their head down, engaged with their phone. I dare you to say hi and start some water cooler small talk – not possible.

 

More Apps than Zuck

The cell phone obsession was created by Steve Jobs; he created this niche; he changed the world forever.

According to my observations, among the chief cell phone worshippers are Millennials. I’m not going to say if it’s mostly male or mostly females…. I’m relying on the readers of this article to ascertain to whom I am referring.  Many are are endlessly and frantically texting, posting on instagram, messaging friends – and they’ve got more apps than Zuckerberg.  To be frank, it’s all very impressive how facile some folks are with their device. But does all that texting and posting fun images on instagram help their career? In the long run, likely not. I’m not knocking instagram or Millennials, it’s a great app and I completely understand the enthusiasm for devices of communication.   I’m simply suggesting that maybe some folks should divert more of their attention to Linkedin, which is important to everyone’s professional future. It’s not as if engaging with Linkedin takes some kind of advanced social media abilities.
 
Thank You for Your Support
Another, much more abstract reason to use Linkedin is, why would you not regularly post stories about your company that pays your salary every two weeks? Let’s say your company is generous and smart enough to treat all of its area managers to a two day retreat at a posh hotel in Napa. It’s their way of saying “we appreciate you.” Simply return the favor, by appreciating your company. And I mean everyone here….old, young, mid-lifers, managing directors, rookies and veteran senior vice presidents.

I frankly think that’s the best reason of all to post to Linkedin – show some gratitude; make a little effort and say thank you to the people who pay your salary!

Sharing stories about company wins, new hires, awards won, new projects launched, big transactions completed and sponsorships helps build the company brand & your own personal brand. It’s not a particularly big ask – I also think it’s logical.  It’s also really, really easy to to. 

 
Don’t Know Where to Start?
A great way to start getting to know Linkedin is to check out some Youtube videos on “how to use Linkedin”.  After viewing several videos, I suggest simply following three steps two or three times a week: Like. Comment. Share. By liking, commenting and sharing stories relevant to your industry, your profession or your circle of influence it builds your online brand; it enhances your credibility and it makes you appear more professional. It’s that simple.
 
No Congrats; No Excitement
I also urge people not to always take the quick, easy way out with one word “Congrats” comments or announcing a new initiative by writing “I am excited to announce we are launching an etc.etc. ” Think a little bit about an interesting, smart thing to write. 

Show some effort; show other professionals how educated and articulate you are. Surely you learned something at the fancy university your parents paid for.

Make a thoughtful comment on an article that you’ve read that makes you sound interesting and wise. And please don’t use Linkedin to announce ” I am excited to start a new job.” Use an online thesaurus, people…..it’s free. There’s nothing wrong with announcing your new employer…just use language and words that have not been used 300 billion times already. Make comments that are well crafted, spell checked and professional.  You can do this, folks. 
 
The Power of Linkedin
Here’s a glorious example of the power of Linkedin: Earlier in 2019, I had posted a new story about a brand new NKF Vice Chairman named Liz Hart on my Linkedin wall. My story had generated 2,016 views in about four days. While this isn’t a staggering number, it’s generally better than most posts, which I have found range between 90 and 1,000 views, sometimes more. Using a good photograph or image in your post I feel is very important. Pay attention to how the image is framed, and how dramatic it is. 
 
I’m Cool With Reasonable
Obviously the total amount of views that your story generates is affected by how interesting your story is, how many followers you have and, let’s face it………it’s also a barometer of how popular you are. I have approximately 1,100 followers, which shows I am not wildly popular, but reasonably popular. I’m cool with reasonable.
 
Exponentially Speaking 
Because generating several thousand views is worth mentioning, I decided to ask  Liz if she could kindly share her own Linkedin stats, since she had posted the same story separately on her own Linkedin wall. I was not really prepared for the answer. I was expecting maybe 3,000 or 4,000.

The answer was 23,396. That’s twenty three thousand, three hundred and ninety six views in about one week. 

(On Good Friday, I was told the exact number was  34,478). That’s how many people viewed her post of the Globe Street story on Liz Hart’s Linkedin wall. Clearly, Ms. Hart is more popular than I am ! Even if the big number above is off by a few thousand, are there any Linkedin members reading this story whose individual posts have surpassed that number? Who among you can top that number: 23,165 views in one week? The real point to this story is as follows: Does anybody really still not understand how important social media is if you are a real estate professional….or any professional for that matter?

Thank You, Linkedin. Thank you Newmark Knight Frank – my paycheck cleared. 

 

 

 

 

 

Image used is Designed by Freepik –  www.freepik.com 

Use Linkedin to Say “Thank You” That Your Paycheck Clears Every Two Weeks. 

 

 

Most Popular Stories

 

Power Brokers Win 5 – 1 
+ Multi Cultural, Inclusive, Co-ed Team 
Mike Kirner, Gabe Dion, Ryan Lamb

 

 
 
 
50% Less Rent. 100 % More Nature.
+ Marin County Has Tech Campus Available
NKF NorCal 
 
 

 

Spotlight on Blogging
+ Blog Portal Promotes Broker Creativity
Chip Wiser, Tom Poser 
 

 

 

Spotlight on Santana West
+ Santana Row Expands in San Jose
Tracy Solari, Todd Shaffer, Randy Gabrielson

 

 

 
Spotlight on Sponsorships
+ NKF Sponsors Major Pro Bike Race
Haden Ongaro, Mark Carrington
 

 


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#Silicon Valley Rankings

NKF NorCal / March 14, 2019


25% Of Top Silicon Valley Brokers are NKF

 

Silicon Valley, CA – Every year, the Silicon Valley Business Journal publishes a Book of Lists showcasing the Top 25 CRE brokers within the region. Newmark Knight Frank’s (NKF) Silicon Valley office, co-headed by Executive Vice President and Managing Director John Yandle and Executive Vice President and Managing Director Todd Shafer are pleased to announce that six of the top 25 brokers (25%) are included in this year’s illustrious roster. According to Yandle: “ It’s an honor to know that so many individuals on our team are featured prominently among successful brokers in this region.”

 

  “We have an eclectic and hard-working array of top producing talent in our office and we are exceedingly proud of the six people selected to this year’s coveted Book of List Top 25,” Yandle said.

 

Read Entire List Here

 

 

Win Something Big ?
Let’s Make A Big Deal Out of It.
Contact  michael.kirner@ngkf.com 

 

Other Silicon Valley Stories

Mahoney, Yandle, Kelly to Market Major Development
 + Related Santa Clara in the News
NKF Silicon Valley 

 

Fabulous Santana West Video
 + Fly Through World Class Office Campus
NKF Seeks Tenants for Massive Tech Complex

 

 

 

Silicon Valley Brokers Honored
+ NKF Top Producers Win Coveted Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

 

 

 

Santana West Featured in Mercury News
+ Big Expansion of Santana Row Underway
Tracy Solari, Todd  Shaffer, Randy Gabrielson

 

 

 

Sprawling, New Office Campus Underway
+ Your New HQ Awaits in Milpitas
Mike Saign, Jeff Arrillaga, Shawn Kellenberger

 

 

 

le

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#$48,000,000 Tower

NKF NorCal / March 11, 2019


NKF Announces Sale of 95,353 SF Landmark
Oakland, CA (March 11, 2019) — Newmark Knight Frank (NKF) has announced it has completed the $48 million sale of Tribune Tower, an iconic 22-story office tower totaling 95,353-square-feet in downtown Oakland, CA.
NKF Vice Chairman Steven Golubchik, Senior Managing Director Tyler Meyerdirk, Vice Chairman Grant Lammersen, and Senior Analyst David Hosler represented the sellers, Harvest & True North. The buyer, Highbridge Equity Partners, was self-represented.
 
Best in Class Office Space
Originally built in 1906, Tribune Tower is centrally located on 13th Street between Broadway and Franklin and is surrounded by an abundance of new housing developments and retail amenities. The seller recently invested more than $12 million in capital improvements, including an extensive seismic retrofit.
“Tribune Tower was 55 percent leased at the close of escrow. The iconic tower’s roughly 40,000-square-feet of vacant, best-in-class office space offers the new ownership immediate leasing upside in downtown Oakland, a submarket that is one of the tightest in the country with a vacancy of under five percent,” said Meyerdirk.
 
Square

“Surrounded by high-profile mixed-use developments, Tribune Tower embodies all of the aspects of Oakland that is attracting innovative companies like Square to the area.”

The tower features high end creative office finishes with 12’ ceilings, efficient floor plans, 360 degree views of the Oakland Hills, Lake Merritt and the San Francisco Bay, and rare on-site parking. Additionally, it is walking distance to more than 200 retail, dining, and entertainment options and is a one-minute walk to City Center BART.

 

Read More

The Tribune Tower is a 305 feet, 22-story building built in 1906. The architecture was inspired by St Mark’s Campanile in Venice, Italy.


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#Equality in Office; Field

Mike Kirner / February 02, 2019


Thursday Evening Games Starting October 10
We are recruiting 8 male and 8 female players for The NKF POWER BROKERS soccer team. Encourage clients, friends or family to join and enjoy the outdoors on a fabulous all turf soccer field. Please post this on your Linkedin and Facebook page! 

Players don’t have to work for NKF, so it’s ok to recruit players within your circle of influence or clients or business colleagues who like soccer.

Thursday Evening Games
Games will take place on Thursday evenings at Beach Chalet soccer fields  in the Sunset. Game times vary from 7:00 pm to 9:00 pm. The majority of games are at 7  or 8 pm. The soccer league running this competition is Sports4good and they have been organizing local sports teams for over a decade. Each season consists of 10 soccer matches, including a playoff and championship game.

Sign Up Now!

Intermediate Skill Level: Get Back into Shape.
The level of competition will be intermediate and anybody who has played at least a little soccer in the past should come out and play! Beach Chalet soccer fields is a large, astro turf soccer facility in the Sunset district of San Francisco, very close to the famous Cliff House and Beach Chalet Restaurant on the Great Highway. If anybody is interested  please contact michael.kirner@ngkf.com – 

 

 

Game Format & Rules of the Competition: 15 Points for Power Broker Players

 

  • #1 – Always show up at least 30 minutes before the game to stretch. 70% of soccer injuries are due to not stretching properly.
  • #2 – Please make an effort to attend every game. This is a sponsored team and you are among the select few!
  • #3Shin guards are always required.
  • #4No slide tackling or rough play. This is a league based on fair play and sportsmanship.
  • #5Do not quarrel or shout at your own team members. That’s the captain & co-captain’s  job.
  • #6 8 on 8 coed rules apply.
  • #750 minute games with a brief,  halftime break.
  •  #8No fee to play, but please return shirts if you leave the team.
  • #9Referees manage and control  each game, let them do their job.
  • #10 – Astro Turf synthetic grass facility require the right type of shoes.
  • #11 – NKF Power Brokers will play a style of soccer named after Poppy “Two Touch” Vidrio, a local soccer legend (well, at least he claims he’s a legend). We pass a lot and limit the dribbling.
  • #12 – Unlike many college and professional teams, we listen to our two co captains and coach. Why? Because they organize everything, secure the sponsorship, recruit players and makes sure people show up. This is not an easy task.
  • #13 – Have fun; it’s a fun league and we’re very close to Beach Chalet Restaurant for apres game refreshments and comraderie.
    #14 –  If anyone on our team (or league) ever hears of a company who needs to buy a $50 Million building, or you know of a tech brand, local company or startup seeking a new home or headquarters, please honor the sponsorship by recommending our services.
  • #15 – We have a full team already! The captain and co-captain decides who plays and who does not. We will do our best to get everybody ample playing time.
  • #16 – As players on the NKF Power Brokers, you have been selected and you have to pay no fees.  Please help us stay in the news on social platforms including Linkedin, twitter and Instagram. Promote our company in a positive light.

 

Every Wednesday: Lunchtime Preason Jog – 12:00 Noon
For those wanting to get a head start on soccer conditioning ( no easy task, peeps) please join us in a Wednesday lunchtime jog up California Street and back. You’ll likely not get in World Cup shape, but it’ s good to get the midday blood pumping and your body prepared for the rigors of soccer. If anybody is interested  please contact michael.kirner@ngkf.com

 

 

Team Shirt Design by Shobin Thomas, NKF Silicon Valley

 

+ More Information About the League
+ Check Out Our Current Roster
+ 7 on 7 Soccer Rules

Current Roster:

Let’s Talk About Diversity
  1. Poppy “Two Touch” Vidrio –  Excelsior resident Poppy is a Pseudo-Legendary Mexican/American Professional who has documented proof he played with pro team Chivas as a youth in Guadalajara, Mexico. According to Mexican soccer history, his nickname was “Manetas.” Among the more senior players on the Power Brokers, Poppy is good at shielding the ball and passing it off too younger, faster players. Look for a plethora of assists when Poppy’s working his two-touch magic. 
  2. Paul CardenaChilean player with over 25 years experience and a really cool dog. Paul can run all day if he has to and never seems to get tired. Paul has played for many years on astro turf fields at Beach Chalet and South Sunset and will be a great addition to the squad. 
  3. Kaz “Super Kaz” Ohno –  A seasoned Japanese finance wizard  and business man working in the Silicon Valley.  A resident of Redwood City, he’s not just fluent in English, Japanese, Portugese and monster Excel spreadsheets, but he’s a  former standout in the historic ” Made in France” teams of the 1990’s.  Super Kaz once scored two penalty kicks within a 10 minute period. His favorite team is the Brazilian national team, but despite his decades of financial training, he cannot come to grips with the fact that overall, the Germans have a far better aggregate record.
  4. Mike “German Mike” KirnerNewmark Knight Frank Player/Coach  Mike Kirner is the Founder of Borussia Beach Chalet & Eintracht Boca Raton. Decades past his glory years, he’s a former Florida Gators club team soccer player. As a youth, Mike spent 10 years wearing Lederhosen near Frankfurt am Main. A connoiseur of the “nutmeg”, he once nutmegged Peruvian World Cup star Teofilo “Nene” Cubillas during a scrimmage many eons ago. Likes Weissbier & Sauerbraten more than running sprints. 
  1. Paolo Biondi – Everyone who plays local soccer knows Paolo in The City by the Bay. “Arguably the best defender I’ve ever seen,” says the NKF Power Broker coach. Paolo is both an incredible defender who reads the game like it’s a book he wrote and an offensive driver. Clearly of Italian descent, he is also a workhorse and leader. Borussia Beach Chalet veteran. 
  2. Brad Nickless – A tall, English gentleman and Borussia Beach Chalet veteran,  Brad is a scoring machine. Dubbed “the Alan Shearer” of Beach Chalet, hat tricks to him are nearly as common as a Millennial staring at their iphone. Look for Brad to make a contribution on his first match. 
  3. Ryan Lamb   A Project Manager with Newmark Knight Frank San Francisco, Ryan played intramural soccer in college. An Oakland resident, he’s relatively new to NKF and he’ll be playing part time goal keeper. At 6 foot 2 inches, Ryan is looking forward to saving a goal or two and substituting for midfield players. 
  4. Kyle Ma   He’s a designer and works for Newmark Knight Frank in the City and he’s agreed to share some of the goal keeping duties during the season. Kyle hasn’t played a ton of soccer in his life, but he’s athletic, young and looking forward to being part of the inaugural “Power Brokers”  first season. Has two cool earrings. 
  5. Fasica Alemayehu  Star Ethiopian Striker and soccer standout with a penchant for brilliant dribbling and leaving players in the dust. Fasica once nutmegged Sunil, a local Indian legend with a proclivity for complaining, two times within the same dribble.
  6. Millie Sergant – Played soccer for many travelling teams as a youth and scored many goals for her alma mater, the Boston Hawks, back in 1990’s. Millie is a hard running center midfielder with an eye for the goal. A left footed genius.
  7. Travis Zeiler – As the inventor of the “Travis Zeiler Move,” Travis works for Newmark Knight Frank affiliate the CRE Group in SF. He’s a former high school soccer player whose European heritage hails from the mountains in Austria. Travis is a pilot, actor, photographer and man about town.  He has played bit parts in several popular Hollywood movies, including Steve Jobs. He lives near Ocean Beach in the City and likes to surf. 
  8. Sarah JonesFormer local high school team captain. Sarah plays sweeper and center back and can hang with most levels of players in San Francisco. She’s lived in the Bay Area for over two decades. 
Rules of 7 on 7 Co-Ed Soccer
Goalies, Referees & Warming Up
Instructions for Power Broker Players 

 


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NKF Star Brokerage Team Begins Marketing Santa Clara Development

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#Totally Tech

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Tech Brands Roku Inc, Glu Mobile, Havas, Sage Intacct Recently Signed New Leases.

Blue Bottle Moves to Sacramento

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#Major Developments

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NKF pitched & won some of the most coveted assignments in the region

#Redwood City Record: $325,620,000

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NKF Advises on Blu Harbor Mega Deal

#Neighbors in Need

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NKF NorCal has Raised Over $100,000 for Northern California fire victims in the last two years.

#EAST of The City

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Recent activity in the cities of Walnut Creek, Pleasanton, Oakland and others.

#On the Waterfront

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50% Less Rent. 100% More Nature. A unique, waterfront office campus in a serene, coastal setting.

#Zymergen

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NKF’s Bill Benton & Mike Brown Close 303,000 +\- SF Deal with Growing BioMed Brand

#Big Deal Makers

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NKF advises on major portfolio sales in 2019.

#1700 Broadway For Sale

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10 story, 31,500 SF Building in Uptown Available

#$36,250,000 Sacramento

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NKF’s LeBeouf; Pappageorge Advise on $36 MM Mega Deal

#Your HQ Awaits

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One of few remaining high-quality HQ facilities available in Silicon Valley

#$116,000,000 Portfolio

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Reliant Group Management will convert four of the properties (369 units) to affordable housing, utilizing bonds and low income housing tax credits.

#Santana Row

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NKF’s Silicon Valley HQ is located in Santana Row.

#Potential HQ

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Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants

#Santana West

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Santana West’s Silicon Valley location offers a competitive advantage for recruiting.

# Notable Deals

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Our Research Team works with brokers, clients to announce deals to the press and the general public.

#East Bay Today

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Research Teams work with brokers, clients and PR teams to announce deals to the press & general public.

#$48,000,000 Tower

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The Tribune Tower is a 305 feet, 22-story building built in 1906. The architecture was inspired by St Mark’s Campanile in Venice, Italy

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NKF Star Brokerage Team Begins Marketing Santa Clara Development

NKF NorCal / November 13, 2019


Story by Matthew Niksa, The Silicon Valley Business Journal
A team of three executive-level brokers from commercial brokerage firm Newmark Knight Frank has begun marketing the office component of Related Santa Clara, a massive mixed-use project adjacent to Levi’s Stadium and the Santa Clara Convention Center that’s being developed by real estate firm Related Cos. Related in May tapped Phil Mahoney, executive vice chairman of Newmark, John Yandle, executive vice president of Newmark’s San Jose office, and Joe Kelly, executive managing director of Newmark’s San Jose office, for its office leasing efforts.

 

5.74 Million Square Feet
The three brokers are marketing up to 5.74 million square feet of office space at Related Santa Clara. Of that office space, 740,000 square feet will be available for occupancy in 2023, while up to 5 million square feet is available now for build-to-suit commitments. Mahoney told the Business Journal on Thursday that he, Yandle and Kelly have only just begun marketing Related Santa Clara’s office opportunities because the project only recently became fully entitled. According to Phil Mahoney:

“There isn’t another project west of New York that matches the amount of build-to-suit office space that Related Santa Clara offers.”

 

“It’s going to have something for everyone,” Mahoney said. “It can really handle anything. It’s a unique mixed-use development of which the Valley hasn’t really seen other than perhaps Santana Row. It’s in a scale many times larger [than Santana Row].” The Related Santa Clara development will replace a city-owned golf course at 5155 Stars and Stripes Drive. Stephen Eimer, executive vice president of Related Urban, told the Business Journal that the municipal course closed today to make way for Related’s project. “Our project provides the Bay Area office community with a variety of product types to address their every need, from dynamic loft-style configurations for startups to large-scale corporate campuses of over 1 million square feet,” Eimer said in an email statement Thursday.

“We believe Newmark is the ideal brokerage team to fully represent us in leasing the depth and breadth of our office products,” said Eimer. 

+ Read Full Story
+ More Photos of Related Santa Clara

This Month’s Top  Stories

 

San Jose Hot Streak
+ Market Update on Silicon Valley 
Wing Lee

 

 

Totally Tech
+ Zymergen, Roku Inc, Snowflake, Glu Mobile, Havas, Sage Intacct Sign Leases
NKF NorCal 

 

 

 

FORBES: Where America’s Rich Live
+ 70,000 Reasons to Become a Thought Leader
Phil Mahoney

 

 

NKF Power Brokers Top Coed League
+ Diverse, Equal, Multi-Cultural & Undefeated
NKF NorCal 

 

 

Win an Award or Close a Deal?
Let’s Make a Big Deal Out of It! 
Contact michael.kirner@ngkf.com 

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#Totally Tech

NKF NorCal / November 05, 2019


Mostly Tech Tenants Sign Deals as Vacancy Drops to Under 3% in San Francisco.
Leasing activity, especially in the Bay Area’s red hot  technology niche, is as robust as ever.  Zymergen, Roku Inc, Snowflake, Glu Mobile, Havas, Sage Intacct all inked new deals within the 2nd and 3rd Quarters.
San Francisco Office Market
At the end of the third quarter of 2019, the overall vacancy rate in San Francisco dropped 40 basis points to 2.8%, and overall availability dropped 70 basis points to 7.8%, while demand of 7.6 million square feet outpaced supply. Year-to-date leasing activity remained constrained, down 26.3% compared with the same period last year. Despite the tight market, more than 1.0 million square feet was absorbed during the quarter, over half of which resulted from Dropbox’s move into 656,482 square feet at 1800 Owens Street. According to Andrea Arata, NKF Director of Research in San Francisco:

“Of the 3.3 million square feet currently under construction in The City, 84.0% has been pre-leased or is rumored to be in leases.”

“ If tenants are concerned about rent liabilities on their balance sheets, shorter-term or less expensive leases are a more favorable option, “ Arata said from her 1 Bush Street Office, which overlooks the pulsating heart of the Northern San Francisco Financial District and is near all the action, including Salesforce Tower and the popular South of Market district which is teeming with tech brands looking to expand and jean clad Millennials.
Silicon Valley Office: Rising Asking Rates
Office activity in Silicon Valley remained strong in the third quarter of 2019, posting positive net absorption for the eighth quarter in a row and bringing the year-to-date total absorption to just under 1 million square feet. Although the office market showed a slight slowdown with net absorption of 129,780 square feet compared with the second quarter’s 461,828 square feet, the total number of square feet leased increased by more than 1.8 million to 4,458,232 square feet. A few new large Class A listings in Santa Clara and Mountain View pushed the average asking rates up $0.12/SF to $4.33/SF and the total availability rate up 1.2 percentage points to 9.04%.

 

Roku Establishes Four Building Campus Near the San Jose Airport
San Jose, CARoku, Inc. recently increased its San Jose footprint, taking over the 162,557-square-foot space in Building 1 of Coleman Highline, previously leased to 8×8, Inc. Roku makes online media devices for entertainment streaming.

Represented by Phil Mahoney, Jeff Rodgers and Andy Hueser of Newmark Knight Frank San Jose, Roku’s total square footage in the project is now 716,285.

8×8 had one foot out the door, eyeing a potential move to 675 Creekside Way in Campbell. Fortunately for both parties, NKF was able to negotiate an assignment of the lease instead of a sublease so that Roku could take the space on a direct basis.
Sage Intacct Expands Further in Riverpark Towers
San Jose – Mike Saign, Phil Mahoney, Anne Ralston, and Joe Kelly of Newmark Knight Frank San Jose represented building owners DivcoWest and Rockpoint Group in their lease negotiations with tenant Sage Intacct at 300 Park Avenue in downtown San Jose.

Riverpark Towers is one of downtown’s most prominent Class A office projects, and is home to several other notable tenants such as Cohesity, Okta and Nokia.

As one of two buildings that make up Riverpark Towers, 300 Park Avenue has been home to the cloud services firm since 2014. This lease not only renewed Sage Intacct’s existing space, but expanded their lease to an additional floor and increased their footprint to a total of 118,410 square feet over six floors.

 

 

Bay Meadows Finds Snowflake
San Mateo, CAChristian Prelle and Carter Lyman of NKF Palo Alto represented Sublessee Upstart Holdings in a 48,353-square-foot transaction at 2950 Delaware Street in San Mateo. Upstart Holdings is a finance technology company that uses machine-learning technology to predict creditworthiness in its online lending marketplace.

Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose represented the Sublessor, Snowflake Inc.

Snowflake Inc. is the creator and owner of the only cloud-based data warehouse, giving companies the flexibility of big data platforms and the elasticity of the cloud.

 

Glu Mobile, Inc. Leases Space in the West Tower of Parkside Towers
Foster City, CA – Josh Rowell and Craig Kalinowski of NKF San Mateo represented Landlord Heitman, LLC in Glu Mobile’s 24,539-square-foot lease at Parkside Towers, located at 1001 East Hillsdale Boulevard in Foster City. The mobile gaming company is set to occupy the space on the fifth floor of this Class A office building through January 2027.

Glu Mobile Inc. is an American developer and publisher of mobile games for smartphone and tablet devices. Founded in San Francisco, in 2001, Glu offers products to multiple platforms including iOS, Android, Amazon, Windows Phone and Google Chrome.

 

French Company Havas Signs New Lease in North Financial District
San Francisco – Lauren Whitlock and Liz Hart of NKF San Francisco represented Havas San Francisco in signing a lease for a 17,476-square-foot recently turn-keyed spec suite on the 18th floor of 345 California Street.

Havas, headquartered in Paris, France, is one of the largest global advertising and communications groups in the world.

Havas is delighted to be moving to a more central location to connect with clients throughout the city.

 

 

Lincoln Building Sells To Local Investor
Lincoln, CA – Brian Barnes and Ken Noack of NKF Sacramento represented the Seller, Flocchini Group LLC, in the sale of 110 Flocchini Circle in Lincoln. This multi-tenant industrial building is 32,400 square feet and was built in 1994. On the market for just over 10 months, this was an investment sale that traded for $73.89/SF to a local investor. Seven out of the nine units were occupied at the time of sale.

 

 

+ Other Major Deals & Assignments
+ Recent East Bay Deals

Other NKF Deals in 2019

 

Provident Credit Union HQ
Redwood Shores, CA – Deborah O’Reilly and Craig Kalinowski of NKF San Mateo have fully leased 303 Twin Dolphin Drive, Provident Credit Union’s headquarters and one of Redwood Shores’ most prominent Class A office properties.
County of Santa Clara Leases Under Construction Project
San Jose, CA – Jack Lewis of NKF San Jose represented property owner Panattoni Development Company in an 82,900-square-foot lease to the County of Santa Clara. This freestanding industrial/manufacturing project located at 2144 Oakland Road is a rare opportunity.

 

Humu ‘Growth Plans
Mountain View, CA – Sean Whitney and Jeff Rodgers of NKF San Jose worked with Humu, Inc. to secure a lease for 31,745 square feet at 100 View Street in Mountain View. A phase-in for the initial space with eventual rights to the entire 48,000-square-foot building, the deal will accommodate Humu’s emphatic growth plans.

 

Alation Inc Finds New HQ
Redwood Shores, CA – Kristoph Lodge, Shawn Troedson, and Jack Troedson of NKF Palo Alto represented landlord Metropolitan Life Insurance Company in lease negotiations with Alation Inc., represented by Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose.

 

Anita Borg Leases Space in Belmont Shores
Belmont, CA – Dan Matteucci, John Kraft, and Sarah Bohannon of NKF San Mateo represented landlord Westlake Realty in the lease of 20,870 square feet on the fourth floor to the Anita Borg Institute at 1301 Shoreway Road in Belmont. The organization aims to recruit, retain, and advance women in technology.

 

Fluidigm Leases Space in SF
South San Francisco, CA- Mary Hines, Jennifer Vergara, and Jay Leslie of NKF San Mateo teamed up with Randy Scott of NKF Palo Alto to represent Phase 3 Real Estate Partners in the lease of 77,929 square feet to Fluidigm in the North Tower at 2 Tower Place in South San Francisco.
Burlingame Class A Development Fully Leased
Burlingame, CA – Dan Matteucci, Craig Kalinowski, and Josh Rowell of NKF San Mateo have fully leased 988 Howard Avenue, one of Downtown Burlingame’s most recently delivered developments, located directly across the street from the Caltrain station. The NKF team represented landlord Opus One Howard, LLC.
Morgan Stanley Renews Lease
Menlo Park, CA – Mike Courson of NKF Palo Alto and Mark Courson of NKF San Mateo represented landlords Clarion Partners and Invesco in the renewal of 12,072 square feet of space at 2882 Sand Hill Road in Menlo Park to Morgan Stanley Smith Barney Financing.
Yearning for the Spotlight ?
Let’s Find a Way to Get You Covered. Contact  michael.kirner@ngkf.com 

 


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Blue Bottle Moves to Sacramento

Mike Kirner / November 04, 2019


Story by Mark Anderson, Sacramento Business Journal
Blue Bottle Coffee Inc. took a long-term lease in one of the last available industrial spaces in West Sacramento’s Riverside Commerce Center. The coffee company will roast beans for all its California retail cafe operations from a 39,000-square-foot facility. The company is shutting down its roasting operations in the Bay Area, said Kevin Jasper, senior managing director of commercial real estate brokerage Newmark Knight Frank. Jasper and Skip Vanderbundt represented the landlord, Harsch Investment Properties.

“It is so expensive to do food manufacturing in the Bay Area. When Blue Bottle signed the lease for the building in 2017, it was for 12 years, which is long for an industrial lease,” Jasper said.

It makes sense to go so long, however, considering the significant infrastructure improvements that needed to be made to the building, he said. According to Jasper:

“Blue Bottle basically converted a warehouse into a food manufacturing facility. That required more robust utility connections, more power and other investment.”

The West Sacramento location will be strictly for manufacturing and not customer facing, Jasper said. He said that the industrial park is now mostly built out, and it has very few vacancies. Blue Bottle opened what was then a packaging operation in Riverside Commerce Center last year, the city of West Sacramento announced at the time. In 2017, Nestle purchased a majority interest in Blue Bottle. Bloomberg News reported at the time that the world’s largest food company acquired a 68% stake in Blue Bottle for $425 million.  The Sacramento region is already home to coffee roasters such as San Francisco Bay Coffee Co. in Lincoln, and Java City Coffee, Pachamama Coffee Cooperative, Old Soul Co., Coffee Works LLC, Temple Coffee Inc. and Insight Coffee Roasters, all in Sacramento.
Read Full Story

Other Sacramento Stories

 

 

 

Sacramento Business Journal
+ Lennar Buys Antelope Property for $24,000,000
Guy Spitzer

 

 

 

Sacramento Business Times
+ Space Dwindles; Rents to Spike
Dan Chamberlain

 

 

Spotlight on Sacramento
+ Sacramento Leads US in Industrial Growth
Jeff Kvarme, Mike Smith

 

 

 

2019 ACRE Awards
+ Broker of the Year Awards
John Frisch, Kelly Rivett, Kevin Jasper, Todd Eschelman, Murray Wachtel 

 

Comstock Magazine
+ CRE Pros Weigh in on Real Estate
Chris Lemmon

 

 


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#Major Developments

NKF NorCal / October 25, 2019


NKF NorCal Wins Significant Leasing Assignments
During the last three quarters, NKF NorCal broker teams have pitched and won some of the most coveted assignments in the region. From Alameda’s North Loop 3 to Silicon Valley’s newest and most modern development projects, we have our irons in many fires and our hands on the pulse of the CRE industry. 

 

North Loop 3, Alameda: R&D/Advanced Manufacturing campus
In the Spring of 2019, Newmark Knight Frank (NKF), developer srmErnst, and Hillwood Investment Properties teamed up for an open house to showcase one of Alameda’s prized new gems: It’s a sprawling, state-of-the art, six building R&D/Advanced Manufacturing campus with a prominent location, right at the geographic center of the Bay Area. Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants.
2020 Occupancy
Scheduled for occupancy in the spring of 2020, the business park consists of six, brand new buildings, measuring from 23,955-square-feet to 47,910-square-feet. The buildings are on a 12-acre parcel and are available for sale or lease. Among many of the appealing business advantages of North Loop 3 are: a central Bay Area campus, close to San Francisco, the Peninsula, Oakland & SF International Airports, Port of Oakland and top tier universities; a functional footprint offering heavy power and loading; secure building sites within a well-maintained business park; superior modern construction meeting all codes; high-visibility building to display to customers and employees and low business taxes.
Ingress, Egress
Harbor Bay Business Park also offers excellent freeway access and transportation options, including I-880, the Harbor Bay ferry to San Francisco and South San Francisco, and a business park shuttle to the ferry and Coliseum BART station, which is free to end users. The developer, srmErnst is positioning this project to appeal to manufacturing & R&D tenants who today are demanding more flexible and conveniently located facilities. Interest has been robust thus far and NKF’s Steve Kapp, who is spearheading all leasing and sales efforts with Shawn Klein, has had several discussions with potential tenants.

“When you consider that it takes only 20 minutes on the Alameda Ferry to reach San Francisco, I can’t imagine anything more conveniently located for a workforce or an R&D/Advanced Manufacturing company that requires easy access to all cities in the Bay Area,” Kapp said.

“The potential tenants we’ve been talking to require more than the usual manufacturing or warehouse space, they seek flexible, attractive buildings which allow them to build laboratories, advanced manufacturing and development and research facilities and simultaneously accommodate their growing employee base,” said Joe Ernst, president at srmErnst.
North Loop 3 Website
NORTH LOOP 3 PUBLICITY
Globe Street
The Registry
NKF

 

 

 

Park Point in Milpitas
Global Design Firm HOK Engaged to Lead Transformative Park Point Project Modernization
Silicon Valley, CA  – A joint venture between Embarcadero Capital Partners and PCCP, LLC has acquired the recently renamed Park Point campus from Los Angeles-based Hudson Pacific Properties. The 30-acre site featuring three office/R&D buildings totaling approximately 472,000 square feet, located at 115 – 155 North McCarty Boulevard in Milpitas, is one of the few remaining high-quality headquarters facilities available in Silicon Valley.

HOK, a global design, architecture, engineering and planning firm, who was recently named among the world’s most innovative companies by Fast Company, has been engaged to lead the project’s revitalization as a contemporary, creative workplace.

Vice Chairman Jeff Arrillaga, Executive Managing Directors Shawn Kellenberger and Michael Saign of Newmark Knight Frank’s Silicon Valley office are the exclusive listing agents of Park Point. Park Point offers an optimized, highly efficient, flexible work environment that promotes productivity with best in class indoor/outdoor usable amenity space. This campus will be a key recruiting and retention asset for the next users. Located at the intersection of Highway 237 and I-880, Park Point occupies a strategic location for employers looking to reduce commute times for their employees traveling from all directions to Silicon Valley.

Given the dispersion of talent in the Bay Area, Park Point offers one of the most attractive macro level locations at Silicon Valley’s end of the San Francisco Bay.

Over 50 food, lodging, hospitality and retail amenities are located across the street from Park Point. Park Point also features direct access to the Guadalupe hiking trail and will have shuttle service to the new Milpitas BART station, offering seamless public transit connectivity. Embarcadero Capital Partners Principal Carol Donnelly said, “We have a long history of creating transformative corporate headquarters along the 237 Corridor.”

 “We are thrilled to start working on Park Point with our partner PCCP and the teams from HOK and NKF. We believe this campus is one of the best large blocks of space immediately available in Silicon Valley at an incredibly competitive price point,” said Donnelly.

 

Park Point Publicity
Globe Street
Mercury News
The Registry
bisnow SF
Real Estate Business Online
The News Funnel
Blau Journal
NKF NorCal Spotlight
NKF Website

 

Santana West
During the first week of August, one of the most anticipated office developments in San Jose was launched.  The first of the planned buildings broke ground across the street from the popular Santana Row mixed-use shopping center, which is also home to Newmark Knight Frank, Silicon Valley. It’s amazing what’s become of  Santana Row in the least two and a half decades. Check out the fabulous vimeo video of this project here. 

 

Long Ago @ Valley Fair
Back some years ago, I was starting out my career in real estate with a real estate investment trust that no longer exists: The Hahn Company.  I worked as the Assistant Director of Marketing for the mighty, 1 Million Square Feet Valley Fair Shopping center across the street.  It was one of my first “real jobs” out of college and I just loved it. We had a giant budget for marketing and promotions and our efforts paid off. Valley Fair sponsored high profile and expensive fashion shows and merchants were generating serious and impressive sales figures every month. That shopping center used to generate over $1,000 per square foot and it had over 200 stores.  Clearly, Valley Fair was the undisputed high fashion, super regional shopping mecca.  Today, it’s almost twice as big. Long before it was called Santana Row, Valley Fair’s next door neighbor was a tired, outdated and sad little strip center called Town and Country Village. Today it’s a completely different destination called Santana Row. What a dramatic improvement! Kudos to Federal and what they’ve accomplished here.

 

1 Million Square Feet
The new development, called Santana West, has city approval for nearly 1 million square feet of office space, but the developer is biting off just a piece of that starting with an eight-story, 360,000 square foot office building and a new parking garage with 1,750 stalls at the corner of Winchester Boulevard and Olin Avenue.
Spotlight Article
In a San Jose Spotlight article written by veteran reporter Janice Bitters, wrote about the fabulous new urban project.

Santana Row’s mixed-use live-work-play environment coupled with its superb Silicon Valley location offer a competitive advantage for recruiting.

In a recent interview, San Jose Mayor Sam Liccardo said: “You have created a sense of place here,” touting the developer’s endeavors at Santana Row. Referring to the under-construction office building, the mayor added, “We look forward to something quite extraordinary happening soon.” Read more of the Mayor’s remarks in the Mercury News.
The first office building, One Santana West, is expected to be available for tenants during the first three months of 2021. The second office building, the 360,000-square-foot Two Santana West, could become available as soon as the first three months of 2022.

Randy Gabrielson, Todd Shaffer and Tracey Solari of Newmark Knight Frank are in charge of marketing and leasing Santana West.

 

“We have the ability to offer tenants all the amenities of Santana Row, and we have a tested and first-class landlord in Federal Realty,” said Gabrielson.

Gabrielson also added that this new development will provide a place where companies can recruit and retain employees in a high-quality location.

 

SANTANA ROW & SANTANA WEST PUBLICITY

Read San Jose Spotlight Article
See SV Biz Journal Slide Show
Watch Santana West Video
Read Mercury News Article

 

 

 

 

Santana Row: NKF Silicon Valley HQ
This is an updated recap of the myriad of news concerning Newmark Knight Frank (NKF) Silicon Valley and our continuing involvement in the development of this popular shopping,  dining  and multifamily home destination known as Santana Row. In the Summer of 2018, Newmark Knight Frank moved into Santana Row to occupy 18,451 square feet at 3055 Olin Ave., in a lavish, modern space above Park Valencia hotel. Santana Row includes 50 shops, 30 restaurants, a 215-room boutique hotel, two parks and multiple plazas with outdoor seating, 615 apartments and 219 condos. Following the relocation, NKF President, Northwest Region Chuck Seufferlein told the SV Business Journal,

“It’s great to plant our flag at Santana Row. The location makes us even more accessible to regional, national and global clients with real estate needs in Silicon Valley and beyond.”

Our relocation was another example of professional and tech office tenants choosing to locate in mixed-use environments that combine residential, retail, food and entertainment. In 2017 Big data firm Splunk (represented by NKF) moved into 234,000 square feet at Santana Row.

Earlier this summer, Federal Realty Investment Trust, Santana Row’s owner, began construction on a new, 301,000 square foot office building, which is being marketed by NKF brokers Todd Shaffer, Tracey Solari and Randy Gabrielson.

NKF’s Silicon Valley office has long been intimately tied to the growth of the region’s tech sector, helping facilitate growth for most of the Valley’s marquee technology companies at one time or another. Today our service lines are strong in landlord representation, tenant rep, retail, land, and investment sales.  NKF currently has 12 offices located throughout Northern California. Newmark Knight Frank is the largest commercial real estate firm in Silicon Valley, with 115 agents in local offices.

 

700 Santana Row
NKF Silicon Valley is also the leasing broker for 700 Santana Row, a 291K SF office building currently under construction. The eight-story structure features 30K and 50K SF floor plates and headquarter-quality office space.

 

Santana West
Another recent NKF assignment is Santana West, a 1 Million SF development located across the street. Read more about Santana West here.  

 

Santana Row NKF Deal Highlights
2017
500 Santana Row – 234,622 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2018
700 Santana Row – 301, 019 SF
Tenant: Splunk
Developer: Federal Realty
Brokers: Todd Shaffer, Armand Tiano
Read More
2019
500 Santana Row – 40,022 SF
Tenant: Blue Jean Co.
Developer: Federal Realty
Brokers: Armand Tiano 
Read More
2019
Santana West – 1,000,000 SF
Tenants: To Be Determined
Developer: Federal Realty
Brokers: Tracy Solari, Todd  Shaffer, Randy Gabrielson
Read More

 

Hungry for More Publicity? 
Feed Info to Our Chief Executive Blogger:   michael.kirner@ngkf.com 
FORBES: Where America’s Rich Live
+Executive Vice Chairman in the News 
Phil Mahoney

 

BREAKING: Jay Paul Project Launches
+ 200 Park Avenue Breaks Ground  
Phil Mahoney

 

BREAKING: Vacaville Shopping Center Sells
+ Globe Street Exclusive
Nick Bicardo, Brandon Rogoff

 

 

 

 

Movers, Shakers & Deal Makers
+ NKF NorCal Brokers Crushing it in 2019
Richard Knudson, Rob LeDoux, Ramsey Daya, Zach LeBouf, Will Thomas, Kathy Knudson, Anthony Pappageorge

 

 

Roll Out the Red Carpet
NKF Top Producers Win Top Awards
Jill Arias, Sarah Bohannon, Jon Mackey, Mary Hines, Phil Mahoney, Jeff Arrillaga, Nancy Morse, Edmund Najara

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#Redwood City Record: $325,620,000

NKF NorCal / October 19, 2019


Blu Harbor
Earlier this summer, Newmark Knight Frank NorCal brokered the biggest multifamily sale in the history of Redwood City. Blu Harbor, a 402-unit apartment community was sold to GID, a privately held and fully integrated real estate investment firm headquartered in Boston, MA, for $325,620,000. The seller was a partnership between Pauls Corporation, a leading capital management and real estate development firm based in Denver, CO, and Fortress Investment Group, a global investment manager headquartered in New York.

402 Unit Redwood City Multifamily Complex
Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor features an array of meticulously designed studio, 1 bedroom, 2-bedroom, and 3-bedroom apartment homes that offer spacious floor plans and condo quality interior finishes.

Blu Harbor offers a best-in-class amenity package that includes a salt water pool with expansive sundeck.

Other amenities include a club-quality fitness center with a spin studio, an outdoor cucina, a sports lounge, complimentary kayaks, a boat launch and a world-class marina outfitted with 64 boat slips. In addition to the property’s contemporary finishes and unrivaled amenity package, residents are drawn to Blu Harbor because of its outstanding location. Located on the east-side of Highway 101, adjacent to a 3,000-acre ecological reserve, Blu Harbor provides residents with a tranquil environment with direct access to local employers and lifestyle amenities along the Mid-Peninsula.

The property is located within a few minutes’ drive or bike ride of Downtown Redwood City, which over the past few years has emerged as the epicenter for some of Silicon Valley’s most dynamic companies.

Redwood City has become increasingly more attractive among the young, affluent demographic that now defines the region.

“Situated on over 3,200 linear feet of pristine shoreline, Blu Harbor is an irreplaceable waterfront community representing one of the most attractive multifamily assets in the entire Bay Area,” said NKF’s John McCulloch.

The NKF Team
The Newmark Knight Frank Investment Sales team, led by Executive Managing Director John McCulloch, Executive Managing Director Mark Leary, and Director Rob LeDoux, served as the exclusive advisors on the transaction. Newmark Knight Frank’s Debt and Structured Finance team, led by Vice Chairman Ramsey Daya, Senior Managing Director Chris Moritz, and Director Travis Bailey, secured long-term debt financing for GID.
Interesting Stats
According to available NKF Research Data, this is the largest multifamily sale in Redwood City’s history and the largest in San Mateo County in the last five years, by total price. Overall, and this includes office building sales, this is the second largest deal in Redwood City this year, and the third largest deal in Redwood City’s history.

 

Publicity
Globe Street
Bisnow
Mercury News
San Francisco Business Journal
San Mateo Daily Journal 
Blau Journal
Connect Media
NKF NorCal News Flash

 

 

 

Broker Team Just Close a Huge Deal? 
Let’s Make a Big Deal Out of It! Contact:  michael.kirner@ngkf.com

Major Investment Sales of 2019

 

$116,000,000 Bay Area Portfolio Sale
+ Massive Portfolio Sale by NKF Multifamily Team
Richard Knutson, Will Thomas, Zach LaBeouf, Kathy Knutson

 

 

Sacramento Luxe Sells for $38,000,000 
+ Multifamily Sale in Sacramento
Zach LaBeouf, Anthony Pappageorge

 

 

 

Tribune Tower Sells for $48,000,000 
+ Iconic Oakland Landmark in the News 
Steven Golubchik, Grant Lammersen, Tyler Meyerdirk

 

 

 

 

50% Less Rent. 100 % More Nature.
+ Marin County Has Tech Campus Available
NKF NorCal 

 

 

 

 

Data by Arata
+ NKF NorCal Releases 3rd Quarter Statistics
Andrea Arata 

 


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#Neighbors in Need

NKF NorCal / October 18, 2019


 
Cantor Fitzgerald Relief Fund and NKF Provide Direct Financial Aid to Families Impacted by Northern California Wildfires
On Wednesday, September 11, 2019, the Cantor Fitzgerald Relief Fund and Newmark Knight Frank (NKF) employees directly distributed relief checks of $1,000 to families who lost their homes and are still recovering after the devastating Northern California Wildfires. The relief checks were distributed in numerous communities including Butte, Glenn and Shasta counties. The Northern California wildfire direct financial aid distribution took place in tandem with the Cantor Fitzgerald Relief Fund’s Charity Day, which is held each year to honor those who perished on 9/11 and raises money for hundreds of charitable organizations worldwide.

“It is a privilege to assist those who work so hard every day in their communities to help rebuild their lives in the face of disaster,” said Mike Kirner, NKF Director of PR & Communications – Northwestern Region.

Barbara Ramey, Labor Relations Representative for United Public Employees of California, echoed these sentiments: “The contribution makes a big difference in the lives of people who quite literally have lost every single thing they own.” Previously, the Cantor Fitzgerald Relief Fund and NKF assisted firefighters who had lost their homes battling the Southern California Wildfires.
 
About the Cantor Fitzgerald Relief Fund
On September 11, 2001, 658 Cantor Fitzgerald friends and colleagues and 61 Eurobrokers employees were lost in the World Trade Center terrorist attack. On September 14, 2001, the Cantor Fitzgerald Relief Fund was formed with an initial donation of $1 million from Cantor Fitzgerald and BGC Partners Chairman and CEO, Howard Lutnick. Mr. Lutnick and the Firm’s partners underwrote 100 percent of the expenses of the Relief Fund so that every penny of its income was paid out to those in need. In addition to the families of Cantor Fitzgerald’s employees who were lost on 9/11, the Relief Fund also assisted family members of World Trade Center victims from 14 other companies.
 
$180 Million Distributed
The Relief Fund raised and distributed over $180 million to over 800 families and 932 children of the victims of this tragedy. Since 9/11, the Relief Fund has expanded its mission to assist families impacted by natural disasters and emergencies, including Hurricane Maria and Irma in San Juan, Puerto Rico, the Southern and Northern California Wildfires, Hurricane Harvey in Houston, TX, the tornado in Moore, Oklahoma, Superstorm Sandy in NY, Hurricane Katrina in the Gulf Coast, the tsunami of 2004 and the Haiti Earthquake. The Relief Fund also works to assist wounded members of the U.S. military. Since its inception, it has distributed over $336 million.
 
+ To donate, please visit the Cantor Fitzgerald Relief Fund website here 
 

100% of every dollar raised by the Cantor Fitzgerald Relief Fund goes as direct financial aid to those affected by natural disasters and emergencies, direct service charities, and wounded members of our military.

 

CNBC 
+ Cantor Fitzgerald CEO Remembers  9/11
Howard Lutnick

 


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#EAST of The City

NKF NorCal / October 18, 2019


The East Bay

With offices throughout the Bay Area, Newmark Knight Frank is involved in hundreds of commercial real estate transactions, sales and leases every single year. Below are deals which recently closed in the cities of  Walnut Creek, Oakland, Pleasanton, Hayward, Richmond and Concord.
Growers Square Secures Consulting Firm Slalom
Walnut Creek, CABreck Lutz, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented Growers Square owner Rockwood Capital in lease negotiations with Slalom, represented by Mike Saign of NKF San Jose and Rich Hoyt of NKF Walnut Creek. Slalom, a modern consulting firm focused on strategy, technology, and business transformation, is headquartered in Seattle, Washington and employs more than 7,000 people in 27 offices in North America and London.

Growers Square, is a three-building, Class A office complex totaling 180,000 square feet.

 

Beer Delivery Company Hopsy Relocates in Richmond
Richmond, CA – Jeff Lahr and Jim Clark of Newmark Knight Frank Oakland represented the Landlord in deal negotiations with Hopsy Inc., a taproom quality beer delivery service company represented by Tom Southern, also of Newmark Knight Frank Oakland. Hopsy, based in the Bay Area, leased 56,805 square feet of warehouse and distribution at 4909 Central Avenue in Richmond, just around the corner from their current location in the southern portion of Richmond, and plan to occupy the new space in the third quarter.
Portrait Displays Renews at Pleasanton HQ
Pleasanton, CA – Jeff Morgenstern of NKF Walnut Creek represented Portrait Displays, a software company that combines the latest in color science with advanced display technology, in the renewal of their 11,750-square-foot lease at 6663 Owens Drive in Pleasanton, where they have been located since 1996.

In addition to the Pleasanton headquarters, Portrait Displays has offices and representation in Seattle, Germany, Taiwan, Japan, and Korea.

Warehouse Portfolio Sells for $4.7 Million
Hayward, CA – Tom Fehr of NKF Walnut Creek and Zach Smith of NKF Oakland represented the seller, Kaluanian Living Trust LP in the investment sale of 2214 and 2242 American Avenue in Hayward for $4.7 million. Paul Mueller and Spencer Jenkins of NKF Oakland represented the buyer, Lakeside Non-Ferrous Metals Inc. in the acquisition, which consists of 29,400 square feet of warehouse space among 21 units in two buildings.

 

Corporate Center Retains Eichleay Engineers
Concord, CA – Tom Fehr, Knute Bucklew, and Danny Bartz of NKF Walnut Creek represented the ownership group of Harbert Management and Montgomery Advisors at Corporate Centre in a 37,000-square-foot renewal of Eichleay Engineers’ lease at 1390 Willow Pass Road. Headquartered at the Property since 2006, Eichleay Engineers provide a comprehensive range of integrated engineering, architectural, project and construction management services. Corporate Centre is a highly efficient, two-building Class A Office Project that is easily accessible off Willow Pass Road in Concord and within walking distance to an abundance of new area amenities.

The project benefits from the recent delivery of a new state-of-the-art conference room and a best-in-class fitness facility in the comparable market.

Non-Profit GiveWell Leases Space in Lake Merritt Plaza
Oakland, CA – Jonathan Tomasco of NKF Oakland and Will Scovill of NKF San Francisco represented GiveWell in the signing of a 7,574-square-foot lease at Clarion Partners’ Lake Merritt Plaza, located at 1999 Harrison Street in Oakland. GiveWell, a non-profit that evaluates charities based on their cost-effectiveness, will occupy its new 12th floor suite in the fouth quarter.
BREAKING:
Market Remains Insulated from Wobble in Economy
+ Oakland Will be San Francisco in 5 Years or Less 
Andrea Arata 

 

 

CRE ReKapp
+ East Bay Broker Kapp Judges at Prominent Tech Awards in NY
Steve Kapp

 

 

17oo Broadway for Sale
Downtown Oakland Asset Last Sold for $13MM +
Tyler Myerdirk

 

 

NKF Oakland Advises on $116 MM Deal
+ Multifamily Sells Mega Bay Area  Portfolio
Richard Knutson, Will Thomas, Anthony Pappageorge, Zach LeBeouf, Kathy Knutson

 

Spotlight on Oakland
The Snake Before Uber: Oakland’s Professional  Makeover
Kyle Philips, Conor Ranahan, Ken “The Snake” Stabler

 

 

 

Your New HQ Awaits in Alameda
+ R&D/Manufacturing Campus North Loop 3 Creates Local Buzz 
Steve Kapp, Shawn Klein 

 

 

 

 

 


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#On the Waterfront

NKF NorCal / October 17, 2019


Shoreline Office Park in Mill Valley
Newmark Knight Frank San Rafael has been awarded the listing assignment for one of the North Bay’s most conveniently located office parks: Shoreline Office Park in Mill Valley. As the name suggests, the sprawling, Class A, two-building office complex sits directly on the pristine shoreline of Richardson Bay on the Border of Mill Valley and Sausalito. It is located approximately 7 miles north of San Francisco.

The 100,000 sq ft office campus location is nestled near protected wetlands, a wildlife sanctuary and close to many local restaurants and retailers.

Anybody who lives in Southern Marin or San Francisco can tell you that proximity to HWY 101 and the City is of utmost importance. For commuters, this is likely among the number one most appealing aspects of Shoreline Office Park.
45,496 SF
Glassdoor, the major tenant in the property, is moving to San Francisco in order to expand and consolidate with its sister company, Indeed. This presents the opportunity to lease up to 45,496 square feet and provide a world class waterfront work environment nestled between U.S. 101 and Richardson Bay in the high-demand Southern Marin submarket. Check out photos of Shoreline Office Park here. 
50% Less Rent. 100% More Nature.
San Francisco is located a mere 7 miles from Shoreline Office Park and the savings a startup, tech brand or bio science tenant would realize in one calendar year is enough to make your accountant sit up and take notice.

The  full building occupancy opportunity provides freeway visible signage, spectacular views, immersion in nature, extremely efficient layout and popular amenities at a fraction of occupancy costs in San Francisco.

 

Fourth Quarter 2020
The building is available for lease in the 4th Quarter of 2020.  Smaller spaces ranging in size from approximately 980 square feet to approximately 3,379 square feet will be coming to market during 2020 also.

Haden Ongaro, Mark Carrington and Alisa Belew in Newmark Knight Frank’s San Rafael office and Mike Brown in the San Francisco office will be executing the assignment.

DESCRIPTION
Shoreline Office Center is a Class A, two-building office complex with 98,861 square feet located in the prominent bayside location of Mill Valley, CA in southern Marin County. The two-story and three-story buildings were built in 1985 and feature distinctive wood and steel framed construction with extensive interior and exterior improvements. Tenant spaces have been designed to provide a wide range of sizes, accommodating a variety of types of businesses.

Nearly all spaces have impressive water or views of the 2,700 foot Mount Tamalpais.

LOCATION
Shoreline Office Center has a breathtaking waterfront location on the shores of Richardson Bay. The entrance is literally next to Highway 101, Marin County’s primary freeway, it’s only seven miles north of San Francisco and offers best-in-market visibility and access.

Additionally, it’s close to public transit including both the Larkspur and Sausalito ferry.

 

KING OF THE MOUNTAIN DREAM COME TRUE
Whether your workforce consists of avid, KOM (King of the Mountain) cyclists or casual commuters who prefer biking to work, Shoreline Office Park is a fairly easy commute from Ross, Kentfield, Fairfax, Larkspur, San Anselmo, San Rafael or San Francisco. Most of the bike paths, trails and roads leading up to this location feature both breathtaking views and provide the ideal five, seven or ten mile workout. .

According to Haden Ongaro, ” This is a serene, coastal environment in the middle of one of Marin County’s most desireable and convenient areas.”

A seasoned cyclist could complete this morning commute via the Golden Gate Bridge from San Francisco in under 42 minutes. The Golden Gate 2 bus and 30 Bus takes roughly the same amount of time. The property also features on-site showers, lockers and several bike shops nearby

“For the right company, this is not just an idyllic and picturesque setting, it will be a dream job location for your staff and a breath of fresh air to your workforce,” said Mark Carrington.

AMENITIES
Spectacular views of the San Francisco Bay and Mt. Tamalpais. Numerous shopping and dining options are minutes away, as are recreational opportunities for sailing, kayaking, jogging and hiking.