16th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Have and have not office building owners … up until now there weren’t many ‘deal breakers’ between smaller office buildings and their ownership and the larger office complexes. Sure, some of the Class A office complexes offered conference facilities, workout rooms, on-site delis, roving security and other amenities but I now see one major issue arising which » Read More
15th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
California Energy Disclosure Bill 1103 goes into effect this July, and starts with buildings having gross floor areas in excess of 50,000 sf being required to use the no-cost online software tool, Energy Star Portfolio Manager at www.energystar.gov/istar/pmpam, which then performs the analysis and produces an energy rating on a scale of 1 to 100. » Read More
14th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Solano County (which is about 30 miles Northeast of San Francisco) industrial market is red-hot, with numerous warehouse and industrial buildings industrial market leasing after sitting vacant since 1989 … the vacancy rate in recent months has dropped from 17 percent down to 8 percent and developers are working on new project entitlements … Tweet This » Read More
13th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
As of last week there were 51 tower cranes in San Francisco with millions of feet of new office and apartment development. SalesForce reportedly has over 2 million square feet of office space in downtown San Francisco. Tweet This Post Read More
10th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
According to the EPA, 55.8 percent of all the office buildings in San Francisco are Energy Star certified, which makes this city #1 in the country by percentage … followed by Chicago, with 53.4 percent, Washington D.C. with 49 percent, Los Angeles with 44.4 percent, Denver at 39.6 percent, Houston at 37.1 percent and Atlanta » Read More
10th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Corporate employers, who provide perks to their employees, beware! The Contra Costa Times today reported that the IRS is looking into making free meals and other perks some employers provide to their employees a taxable benefit to the employee. Google gives their employees free gourmet meals and snacks, yoga classes, gym memberships and cooking classes, » Read More
8th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
San Francisco has almost 3 million square feet of new office space under construction, with another almost-3 million which could begin by the end of 2013. Estimated full-service rents for these new office projects are in the $60/rsf per annum ($5/rsf per month), and currently the brick and timber buildings which attract the new tech » Read More
23rd April, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Apple’s new Cupertino, California campus of 2.8 million square feet of office space on 176 acres, two-thirds the size of the Pentagon, will have 6,000 new trees planted. Almost all the roads and parking will be underground, there will be cafeterias with the capacity to feed 3,000 employees at lunch, and the cost is now » Read More
19th April, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
“California lawmakers set an ambitious goal to have all new homes achieve zero net energy use by 2020. With less than a decade to go, home builders have lot of catching up to do.” SF Business Times March 29, 2013 … what does this have to do with commercial real estate? This could be an entire new industry, » Read More
18th April, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
Energy savings in commercial buildings through simple repairs and adjustments … Energy Star notes that lighting efficiencies can decrease due to poor control function, dirt and lumen depreciation which are all avoidable with a few basic maintenance tasks. Cleaning the fixtures and replacing burned out lamps and ballasts periodically will increase the light output of » Read More