office real estate – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties

Report: Napa-Solano commercial real estate stabilizes

February 6th, 2012

FAIRFIELD — Industrial real estate vacancy in Napa and Solano counties fell 1.4 percentage points in 2011, but immediate availability of office space in the two counties increased a percentage point over the year to even higher levels, according to reports released today.
Commercial real estate: Madera Vista apartments get $65 million investment

November 21st, 2011

Denver-based Apartment Investment and Management Co. (NYSE: AIV) is betting about $65 million on the renovation of the 126-unit vacant apartment complex in Corte Madera, amounting to $516,000 a unit. Also: Rowland Plaza to be refi’ed not sold; San Rafael Corporate Center gets medical office rezoning; Deer Creek Village courts Friedman’s, Home Depot; Santa Rosa office short-sale lands big tenant.
County to spend $82 million on Marin Commons building

November 15th, 2011

SAN RAFAEL — The Marin County Board of Supervisors today approved an $81.9 million plan to purchase a 328,000-square-foot mostly vacant office building and renovate up to 110,000 square feet over the next three years to accommodate a new county Emergency Operations Facility.
Correction: Sale of 100 Meadowcreek Dr., Corte Madera

October 12th, 2011

Meryl Sebestian of Cornish & Carey Commercial Newmark Knight Frank represented Seaver Enterprises LLC in the sale of the 15,634-square-foot office building at 100 Meadowcreek Dr. in Corte Madera on Aug. 5 to Hapag-Lloyd for $2.4 million. Incorrect information was submitted by the brokerage.
Leases and sales: Week ending Oct. 7, 2011

October 10th, 2011

Commercial real estate leases and sales in the north San Francisco Bay Area
Commercial real estate: OnTrac makes big North Bay courier hub expansion

October 3rd, 2011

As part of a ramp up of Bay Area service, Phoenix, Ariz.-based regional overnight package courier OnTrac is expanding its North Bay hub. … The Marin County Board of Supervisors on Tuesday could postpone a decision to purchase part of a large San Rafael commercial property to be the new home for the Sheriff’s Department and other emergency services currently located at the Civic Center to the south in San Rafael. … Fairfield-based developer, owner and property manager The Wiseman Co. acquired the 30,000-square-foot class A Westside Professional Building at 2480 Hilborn Road and an adjacent pad. … Groskopf Warehouse & Logistics found a large Napa Valley warehouse for its expansion. … Steve and Judy Mahrt, owners of Petaluma Farms, which produces Judy’s Family Farms organic eggs, are back to buying Petaluma office buildings and converting them back to industrial buildings for business expansion, according to local real estate sources.
Kaiser administration in San Rafael to relocate

August 25th, 2011

SAN RAFAEL – Kaiser Permanente’s San Rafael Administration team will soon relocate from its existing location at 1600 Los Gamos Road, crossing over Highway 101 to 100 Smith Ranch Rd., where it has leased nearly 25,000 square feet of space.
Athleta plans to nearly double HQ size

July 25th, 2011

PETALUMA — Women’s activewear retailer Athleta, a division of San Francisco-based apparel giant Gap Inc., plans to nearly double the size of its 200-employee headquarters office in Petaluma this fall as the brand’s brick-and-mortar retail initiative picks up the pace.
Fast-growing REIT buys big San Rafael building

July 18th, 2011

SAN RAFAEL — The purchase of a mostly full 127,000-square-foot San Rafael office building was part of a a Los Angeles-based real estate investment trust’s plan to grow quickly in key Northern California and Pacific Northwest job markets.
Leases and sales: Week of July 4, 2011

July 4th, 2011

Commercial real estate leases and sales in north San Francisco Bay area counties
Basin Street completes $13 million purchase of Enphase expansion campus

June 30th, 2011

PETALUMA — Basin Street Properties has completed the repurchase of three Petaluma office buildings totaling 210,000 square feet, with almost half of it reserved for local photovoltaic system developer Enphase Energy to expand into later this year.
Cornerstone adds two more buildings to Petaluma portfolio

May 23rd, 2011

PETALUMA — Cornerstone Properties SA LLC has expanded its North Bay commercial real estate holdings with the purchase of two former Equity Office buildings in Petaluma with a total of 93,000 square feet.
Redwood Health Services to relocate

May 11th, 2011

SANTA ROSA — Redwood Health Services, a health insurance company that provides employee benefits and third-party administrative services, plans to relocate to the Fountaingrove area of northeast Santa Rosa.
Top commercial real estate deals: Second quarter 2010 – First quarter 2011

May 2nd, 2011

The “Top Deals and the People who Made them Happen” represent the top five leases and sales for each Marin, Napa, Solano and Sonoma counties. They are based on submissions from the top 10 largest brokerages.
Bank of the West hires three for its wine group

April 21st, 2011

NAPA – Bank of the West have hired Robin Wenzel, Jason Grace and Marisa Montanez for the Premium Wine Group based in Napa, nearly doubling the group in size.
Commercial Real Estate: Cost reset in Petaluma brings wave of space absorption

April 18th, 2011

A number of purchases and leases of Petaluma office properties helped boost net absorption there by 200,400 square feet for the 12 months ending in the first quarter, according to newly released figures by Keegan & Coppin/ONCOR International.
Commercial real estate market shows signs of strengthening

March 14th, 2011

Businesses are more confident about securing space for their operations this year than they were in the past two, according to local commercial real estate market experts. Sonoma 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, Métier, Central Payment Corp., BioMarin Pharmaceutical, ProSight Specialty Insurance and Amy’s Kitchen.
Marin County office: Outlook brighter than in two years

March 14th, 2011

The rough ride endured by the Marin County commercial market in the late part of the decade got smoother in 2010. This trend continues in 2011.
North Sonoma County corridor: Wine helps ease industrial vacancy

March 14th, 2011

While the Santa Rosa north corridor real estate market saw an increase in vacancy rates in 2009, during 2010 there was a decrease in the industrial vacancy for the region and office vacancy remained flat.
Petaluma office and industrial: Industrial rents expected to rise slightly

March 14th, 2011

There was a high level of office market adjustment within Petaluma in 2010, but commercial real estate in the city overall appears poised for continued recovery.