Commercial Real Estate and Construction: Leading commercial real estate broker sees 'growth seeds'

Also: Facilities manager FaciliCorp opens office; Lathrop wins bid for Roseland elementarySonoma County job growth is leading that of other counties in the state, observed Al Coppin, president of commercial real estate brokerage Keegan & Coppin Co. Inc. He pointed to major leases in the Highway 101 corridor in Sonoma and Marin counties in the past several months: Cyan Optics, Calix, Metier, Central Payment Corp., BioMarin Pharmaceutical, ProSight Specialty Insurance and Amy's Kitchen.

[caption id="attachment_19246" align="alignleft" width="141" caption="Al Coppin"][/caption]

"There's a lot of seed and venture capital -- little growth seeds -- and it's working," he said. "A year ago we forecast the county would come out ahead of the rest of the state for that reason."

Class A space in the corridor has been filling up at rents at the same level they were at least 10 years ago, sometimes much older.

"The challenge in 2011 is filling the [class] B space, which in some cases is priced the same as the [class] A space," Mr. Coppin said. "There has to be adjustment for landlords on that."


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