homesmillbrae.com » Industrial Buildings

Apartment mania: Sleek live-work lofts in East Bay vs. SF

Thu, 02 May 2013 13:36:51 +0000

Apartment hunting in San Francisco is not for the faint of heart. The latest news on spiraling rents and brutal competition for rentals in San Francisco — as well as Oakland and San Jose — is covered here.

Many folks find that they can get more for their money by trekking across the Bay.

Here’s a look at two state-of-the-art lofts in converted industrial buildings — one East Bay (Emeryville), one West Bay (San Francisco) that underscore the price differentials. Both are from the same dynamic duo team — architect David Baker and developer Rick Holliday. Admittedly they aren’t direct comparisons, as the San Francisco penthouse is bigger and in a more chi-chi location, but they give an idea of the price differences.

Share this gallery: 1 of 11

First up, here is a “gorgeous light-filled” one-bedroom, one-bathroom in an historic Emeryville warehouse. At $2,450 a month for 1,300 square feet, it was snapped up within a week, said leasing agent Jeanne Zimmerman of McGuire Real Estate/Urban Bay Properties in San Francisco. “It would be about $3,800 if it were in San Francisco,” she said, pointing to the Hueblein Building as an equivalent SF comp.

Share this gallery: 1 of 12

Next, take a look at this penthouse unit in San Francisco’s landmark ClockTower building with one bedroom plus an office space and two bathrooms. It also found a tenant quickly. At 1,925 feet it went for $6,500.

Believe it or not, in the early 1990s when Holliday converted the 1907 ClockTower building, originally the home of a lithography company that printed California fruit-crate labels, to 127 open-floor-plan live/work units, people “thought I was out of my mind,” he said. The South of Market/South Beach area seemed like a wasteland at the time. “Then the building sold out,” he said. “It blew everyone away; it was written up in Esquire magazine.”

The condos that sold for $250,000 “back in the day” now hover around $1 million with some of the better ones going for $2 million, Holliday said.

A side note on live-work lofts. Zimmerman said they have an unusual competitive situation where potential residents have to vie with corporate renters.

“I see a lot of small businesses and startups competing with residential customers for them,” she said. “The companies are looking to lease them for office space, and use the bed upstairs in the loft area for executives who travel or employees who work late.”

Carolyn Said is a San Francisco Chronicle staff writer. For insights and news on Bay Area real estate, follow her on Twitter: @csaid

Article source: http://blog.sfgate.com/ontheblock/2013/05/01/apartment-mania-sleek-live-work-lofts-in-east-bay-vs-sf/

Why Chinese money is flooding Bay Area real estate

Thu, 11 Apr 2013 09:12:07 +0000

Blanca Torres
Reporter- San Francisco Business Times

Email
| Twitter
| Google+

Chinese money has flooded the Bay Area real estate market — and you can expect more, way more.

Investors in Asia have plenty of reasons to put their capital in the United States and with our economy still recovering from the 2008 recession, domestic capital for projects is still relatively hard to come by.

On Wednesday, developers of Oak to Ninth in Oakland’s Brooklyn Basin announced a $1.5 billion commitment from a Chinese investor making it the second, large-scale, master planned development project to secure funding from the far east after developers for Treasure Island announced a similar agreement late last year.

Tishman Speyer also brought in significant Chinese bucks into two condo towers of 42 and 37 stories at 201 Folsom St. in San Francisco.

Other examples include a Chinese biotech firm buying the former Berlix factory in Richmond and the San Francisco Regional Center funneling Asian money into Oakland deals to buy office and industrial buildings.

Those deals are just a sampling, or a harbinger of what’s to come.

In the case of Oak to Ninth, the investor, Zarsion Holding Co. is an expansive owner developer and owner of real estate in China and the Oakland investment is their first in the United States.

Anton Qiu, a veteran broker with TRI Commercial, told me that this kind of deal is appealing to more Chinese companies and investors for a variety of reasons.

At the macro level, China holds more than $1 trillion of U.S. debt, but the dollar has been weak since the recession, so investing in assets is much more attractive. In the last few years, the Chinese government has made it easier for investors to borrow money from the government to invest in foreign countries. In the U.S., the motivation is clear — the better our economy, the more the dollar and thus, the value of China’s holdings go up.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2013/04/why-chinese-money-is-flooding-bay-area.html

SF’s most popular neighborhoods fetch dear rent indeed

Thu, 27 Sep 2012 11:57:40 +0000

Last week, On the Block’s Jenny Pisillo asked if it isn’t cheaper these days to buy in the Bay Area than rent. Today, we revisit the topic. More proof that the rental market in SF is crazy? Trulia’s Rent Monitor report offers plenty.

First, a smattering of available rentals in popular SF neighborhoods.

Lower Pac Heights

How about this: a 1 bed, 1 bath apartment on Gough in the lower Pac Heights area for $3,100 a month? Wait: isn’t that the price for the actual Pac Heights, like where Danielle Steel lives? Yes, this unit allows pets and yes, boasts not 1 but 2 walk-in closets you could potentially house roommates in; but still: $3,100 a month for a one bedroom is steep.

SoMa

The SoMa is all the rage now, thanks to tech boom 2.0, aided also by Twitter setting up camp in a less than savory South of Market area in exchange for a tax break. Suddenly the ‘loin is looking more tender and folks are shelling out what used to be Upper-Fillmore prices for anything near the “Multimedia Gulch.”

Example? Here’s a 2 bed, 2 bath 1,200 square foot loft on Sumner. Price: $3,800 a month.

South Beach

Remember the days when South Beach was little more than industrial buildings and tumbleweeds? Now South Beach is hailed as “up and coming,” though by the looks of this listing, it has fully arrived. Here we have a 2 bed, 2 bath condo on Main Street for $6,800 a month.

Russian Hill

The stately neighborhood only gets more so, it seems. Rents here, always dear, have now reached rather astounding levels, such as evidenced by this 3 bed, 2 bath single-family home (address undisclosed but there’s a Van Ness address listed on one of the photos in the listing linked here) for $11,000 per month.

If these rents seem (still, again, once more!) higher than ever, that’s because they are, according to Trulia’s study, The Trulia Price Monitor and the Trulia Rent Monitor adjust for the changing mix of listed homes to accurately describe and predict rents. Says Trulia: “Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do.”

Highlights from the report

In August, asking prices rose 2.3% year over year, the largest annual jump reported yet by the Trulia Price Monitor and the largest year-over-year increases since before the recession. Excluding foreclosures, asking prices rose nationally 3.8% year over year. The month-over-month increase of 0.8% was the seventh consecutive monthly increase.

Among the largest 25 rental markets, rents rose the most in Houston andSeattle, where they climbed more than 10% year over year in August. Rents are no longer rising so quickly in Denver, San Francisco, Miami, Oakland and Boston, but that may not be much comfot: these hot rental markets are still seeing annual rent increases of 8% or more.

SF’s most popular ‘nabes

In a city with such an uber-popular rental market, which neighborhoods get the most attention? Trulia tracks the most searched for neighborhoods on its site, and here they are.

Can the madness continue?

What do you say, readers? The holidays and general real estate slow down are coming. Are lower rents– or at least an end to higher ones– coming too?

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert

Article source: http://blog.sfgate.com/ontheblock/2012/09/27/sfs-most-popular-neighborhoods-fetch-dear-rent-indeed/

Terreno Realty Corporation Acquires Buildings in Miami, FL for $12.1 Million

Wed, 26 Sep 2012 17:53:08 +0000

Terreno Realty Corporation Acquires Buildings in Miami, FL for $12.1 Million

SAN FRANCISCO–(BUSINESS WIRE)– Terreno Realty Corporation (NYS: TRNO) , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired two industrial buildings containing approximately 138,000 square feet located in Miami, Florida on September 25, 2012 for a purchase price of approximately $12.1 million. As part of the acquisition Terreno Realty Corporation assumed a mortgage loan with a total principal amount of approximately $6.2 million with a fixed annual interest rate of 5.84%. The mortgage loan has a maturity date of March 2014.

The buildings are at 7500-7600 NW 26^th Street in Miami’s Airport West submarket, approximately one mile from the west cargo area of Miami International Airport and 100% leased to one tenant. The estimated stabilized cap rate of the property is 7.4%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation is an acquirer, owner and operator of industrial real estate located in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”, and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2011 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise.

Terreno Realty Corporation
W. Blake Baird
Michael A. Coke
415-655-4580

KEYWORDS: United States North America California Florida

INDUSTRY KEYWORDS:

Article source: http://www.dailyfinance.com/2012/09/25/terreno-realty-corporation-acquires-buildings-in-m/

Terreno Realty Corporation Acquires Buildings in Sunnyvale, CA for $33.7 Million

Thu, 05 Jul 2012 21:00:49 +0000

SAN FRANCISCO–(BUSINESS WIRE)–Terreno Realty Corporation (NYSE:TRNO) acquired three
multi-tenant industrial buildings containing approximately 172,000
square feet located in Sunnyvale, California on July 3, 2012 for a
purchase price of approximately $33.7 million.

Two RD buildings aggregating approximately 101,000 square feet are at
904 East Caribbean Drive and 1339 Moffett Park Drive and one
distribution building of approximately 71,000 square feet is at 914-918
East Caribbean Drive, within Silicon Valley’s Moffett Park submarket.
The properties are adjacent to Highways 237 and 101 and are 100% leased
to two tenants. The estimated stabilized cap rate of the property is
7.1%.

Estimated stabilized cap rates are calculated as annualized cash basis
net operating income stabilized to market occupancy (generally 95%)
divided by total acquisition cost. Total acquisition cost includes the
initial purchase price, the effects of marking assumed debt to market,
buyer’s due diligence and closing costs, estimated near-term capital
expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation is an acquirer, owner and operator of
industrial real estate located in six major coastal U.S. markets: Los
Angeles; Northern New Jersey/New York City; San Francisco Bay Area;
Seattle; Miami; and Washington, D.C./Baltimore.

Additional information about Terreno Realty Corporation is available on
the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws. We caution investors that
forward-looking statements are based on management’s beliefs and on
assumptions made by, and information currently available to, management.
When used, the words “anticipate”, “believe”, “estimate”, “expect”,
“intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”,
and similar expressions which do not relate solely to historical matters
are intended to identify forward-looking statements. These statements
are subject to risks, uncertainties, and assumptions and are not
guarantees of future performance, which may be affected by known and
unknown risks, trends, uncertainties, and factors that are beyond our
control, including risks related to our ability to meet our estimated
forecasts related to stabilized cap rates and those risk factors
contained in our Annual Report on Form 10-K for the year ended December
31, 2011 and our other public filings. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated, or projected. We expressly disclaim any responsibility to
update our forward-looking statements, whether as a result of new
information, future events, or otherwise.

Article source: http://www.businesswire.com/news/home/20120705005110/en/Terreno-Realty-Corporation-Acquires-Buildings-Sunnyvale-CA

Terreno Realty Corporation Acquires Buildings in Commerce, CA for $52.4 Million

Fri, 01 Jun 2012 05:43:29 +0000

SAN FRANCISCO, May 31, 2012 (BUSINESS WIRE) –
Terreno Realty Corporation

/quotes/zigman/580648/quotes/nls/trno TRNO
+1.79%

acquired an industrial
property located in Commerce, California on May 30, 2012 for a purchase
price of approximately $52.4 million.

The property consists of five multi-tenant industrial buildings
containing approximately 545,000 square feet. The rail served property
is currently 79% leased to 14 tenants. Garfield Business Center is at
3300-3430 Garfield Avenue in the Mid-Counties submarket with direct
access to the I-5, I-710 and I-605 expressways via Bandini Boulevard.
The estimated stabilized cap rate of the property is 6.0%.

Estimated stabilized cap rates are calculated as annualized cash basis
net operating income stabilized to market occupancy (generally 95%)
divided by total acquisition cost. Total acquisition cost includes the
initial purchase price, the effects of marking assumed debt to market,
buyer’s due diligence and closing costs, estimated near-term capital
expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation is an acquirer, owner and operator of
industrial real estate located in six major coastal U.S. markets: Los
Angeles; Northern New Jersey/New York City; San Francisco Bay Area;
Seattle; Miami; and Washington, D.C./Baltimore.

Additional information about Terreno Realty Corporation is available on
the company’s web site at
www.terreno.com .

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws. We caution investors that
forward-looking statements are based on management’s beliefs and on
assumptions made by, and information currently available to, management.
When used, the words “anticipate”, “believe”, “estimate”, “expect”,
“intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”,
and similar expressions which do not relate solely to historical matters
are intended to identify forward-looking statements. These statements
are subject to risks, uncertainties, and assumptions and are not
guarantees of future performance, which may be affected by known and
unknown risks, trends, uncertainties, and factors that are beyond our
control, including risks related to our ability to meet our estimated
forecasts related to stabilized cap rates and those risk factors
contained in our Annual Report on Form 10-K for the year ended December
31, 2011 and our other public filings. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated, or projected. We expressly disclaim any responsibility to
update our forward-looking statements, whether as a result of new
information, future events, or otherwise.

SOURCE: Terreno Realty Corporation


        Terreno Realty Corporation
        W. Blake Baird, 415-655-4580
        Michael A. Coke, 415-655-4580

/quotes/zigman/580648/quotes/nls/trno

Add to portfolio

TRNO

Article source: http://www.marketwatch.com/story/terreno-realty-corporation-acquires-buildings-in-commerce-ca-for-524-million-2012-05-31

American Realty Advisors Announces Acquisition of Two Industrial Properties in …

Sun, 29 Apr 2012 19:31:05 +0000

GLENDALE, CA, Apr 27, 2012 (MARKETWIRE via COMTEX) –
American Realty Advisors, a leading provider of real estate
investment management services for institutional investors, announced
today the acquisition of two 100% leased quality industrial buildings
located in the Los Angeles MSA. The transactions were executed on
behalf of one of American’s separate account clients to acquire the
properties through a joint venture formed with CT Realty Investors.

Victoria Industrial is a 101,724 SF single-tenant industrial building
located on 4.18 acres of land in the heart of the South Bay
submarket, a prime submarket in the Southern California industrial
market due to its close proximity to the ports of Los Angeles and
Long Beach. The property is conveniently located near the 91, 710,
405 and 110 freeways, and further benefits from its highly-functional
design, including 20 dock-high loading positions, 22-24 foot clear
heights and 7,124 SF of office space.

14300 Bonelli Street is a 133,237 SF, single-tenant industrial
building located on 6.58 acres of land, ideally-situated near the 60
and 605 freeways in the San Gabriel Valley, one of the top-performing
industrial markets in Southern California. The property features a
100-205 foot truck court, 22 foot clear heights, rail access and
6,760 SF of office space.

American’s Chairman and CEO, Stanley L. Iezman, stated, “Backed by
strengthening industrial production in the U.S., in-fill submarkets
within Southern California appear to be positioned for strong
near-term and long-term growth. We believe the acquisition of this
two-property industrial portfolio in one of the nation’s
top-performing industrial MSAs will likely generate superior returns
for our client and is consistent with the firm’s commitment to
enhancing our client’s portfolios with strategically-located
high-quality assets.”

American Realty Advisors
American is an investment advisor
registered with the U.S. Securities and Exchange Commission (SEC)
under the Investment Advisers Act of 1940, as amended, and a leading
provider of real estate investment management services to
institutional investors. With over $4.5 billion* in assets under
management, American has provided real estate investment management
services to institutional investors for over 23 years utilizing core
and value-added commingled funds and separate accounts. The firm’s
portfolios include office, industrial, multi-family, and retail
properties nationwide. Information regarding American can be found
online at
www.americanreal.com .

CT Realty Investors
Since its establishment in 1994, Aliso Viejo,
Calif.-based CT Realty Investors (“CTRI”) has completed more than 220
transactions with value in excess of $2.5 billion through a series of
11 independent discretionary private equity real estate funds and
institutional joint ventures. CTRI continues to invest in
institutional-quality industrial properties, debt instruments and
multi-family properties. CTRI seeks to invest on behalf of its
affiliates in Arizona, Colorado, New Mexico, Nevada, Oregon, Utah,
Washington and California. The focus of CTRI’s investment activities
is to acquire well-located assets in major markets with the potential
to enhance their value through a solid, hands-on management approach.
For further information, contact Carter Ewing at CT Realty Investors
at (949) 330-5777 or visit
www.ctrinvestors.com .

*Assets under management represent approximate gross market value of
all assets and accounts managed by American as of December 31, 2011
which includes cash and cash equivalents and excludes partners’ share
of equity and partners’ share of debt on partnership investments.


        Contact:
        Jay Butterfield
        818.409.3243
        Email Contact

SOURCE: American Realty Advisors


http://www2.marketwire.com/mw/emailprcntct?id=B0A9981906682353

Article source: http://www.marketwatch.com/story/american-realty-advisors-announces-acquisition-of-two-industrial-properties-in-southern-california-2012-04-27

High-tech boom brings sense of deja vu in San Francisco

Fri, 19 Aug 2011 19:52:50 +0000

When Twitter inventor Jack Dorsey decided to start a new company last year, he bypassed Silicon Valley and set up shop in San Francisco.

The 34-year-old, who said he was drawn to the “variety and vibrancy” of city life, is one of a growing number of entrepreneurs resisting the gravitational pull of high-tech’s epicenter 30 miles to the south.

The result is a dramatic surge in economic activity not seen in San Francisco since the height of the dot-com boom more than a decade ago. It’s a rare bright spot in the nation’s troubled economy.

“Technology has firmly established a foothold in the city,” said Jeremy Stoppelman, founder and chief executive of Yelp, the online reviews site based in San Francisco.

The number of tech jobs in San Francisco will soon surpass the record of 34,000 set in 2000, accounting for 1 in 5 office jobs, according to an analysis by commercial real estate brokerage Jones Lang LaSalle. And tech companies are pulling out all the stops to entice new employees: soaring salaries and lucrative stock options, even signing bonuses as high as $50,000.

The flood of new tech workers has set off a mad scramble for pricey apartments in such desirable areas as Pacific Heights, where vacancy rates have dipped to 1 percent, according to real estate firm Marcus Millichap. T-shirt-clad employees from Twitter, Google and other companies mob open houses with credit reports and offers to pay hundreds of dollars above the asking rate.

Tech companies are hunting for 2.5 million square feet of office space to set up shop or expand, about 40 percent of all current demand, said Colin Yasukochi of Jones Lang LaSalle. In the first half of 2011, tech firms leased 1.6 million square feet of office space in the city, or about a third of all office space leased.

That demand has driven up office rents as much as 30 percent in the hip South of Market area, a magnet for startup companies with its renovated warehouses and industrial buildings. As vacancy rates there plunge, commercial landlords elsewhere in San Francisco are ripping out dropped ceilings, tearing down walls and exposing concrete floors and steel joists to appeal to tech companies.

Economists say the latest high-tech gold rush to hit San Francisco – the reason the city at 9 percent has the lowest unemployment rate in the Bay Area, lower even than Silicon Valley – may have more staying power than the last. City officials are banking on the tech industry to breathe new life into the economy and clean up stubbornly blighted stretches the same way it helped transform South of Market.

“We’re not saying this is a tech boom. We’re saying this is the new direction of the San Francisco economy,” San Francisco Mayor Edwin M. Lee said.

San Francisco once reigned as the West Coast’s financial center. But banks and other institutions have slashed jobs and vacated more than 1 million square feet of office space in the last year alone. Cheaper office rents and urban amenities have helped the city reinvent itself and rival Silicon Valley for startups.

Now, propelled by a more business-friendly Board of Supervisors receptive to doling out tax breaks and other incentives, San Francisco envisions turning a bedroom community for Silicon Valley into a beachhead for technology companies.

Among the new arrivals is Zynga Inc., which is on the verge of an initial public offering that is expected to value the social gaming company at $20 billion or more. It plans to move next year into a splashy 270,000-square-foot facility in the South of Market neighborhood that will house thousands of employees.

Next year, Internet software company Salesforce will break ground on its new headquarters, a 14-acre campus in Mission Bay, a former industrial area that has become a biotech hub; its bright, modern buildings will offer as much as 2 million square feet of office space for 8,000 employees.

Elected officials are encouraging the trend, seeing it as a way to gain much-needed jobs. In a bid to keep Twitter in San Francisco, the city in April adopted a payroll tax break for companies that put down roots in the troubled Central Market and Tenderloin areas.

Next year, Twitter will take advantage of the tax break by moving into a vacant furniture showroom on a neglected block of Market Street. Getting Twitter to stay put was considered a coup for San Francisco. Twitter has plans to increase its workforce to as many as 3,000 by 2013 from 600 today – with the expectation that most of these workers would be in San Francisco.

San Francisco Supervisor John Avalos has opposed the tax breaks, arguing that it benefits companies that don’t need public support.

But Twitter’s move has fueled hope that other tech companies will follow the company into the gritty neighborhood. A city analysis concluded that a Central Market technology cluster would generate an average of $2.7 million in additional payroll taxes annually over 20 years.

“We want Twitter, Zynga, Salesforce to all feel they can be here for the long term,” Lee said.

Not everyone agrees. Many of these tech startups aren’t yet generating revenue, let alone profit; instead relying on the deeply lined pockets of private investors. If that funding were to vanish, many of the startups would too.

Even so, city officials and community activists say the tech industry could help revitalize areas such as Central Market and the Tenderloin, which missed out on the last tech boom.

“This is far bigger than one company. This is about small businesses, community organizations, arts groups, the city and companies like Twitter coming together to make a positive difference,” Twitter spokeswoman Carolyn Penner said.

Twitter will anchor the western edge of Central Market, the terminus of five long blocks of boarded-up storefronts and payday loan companies, adult theaters and head shops. The Tenderloin connects on the north.

Gail Gilman, executive director of Community Housing Partnership, which offers affordable housing to formerly homeless families and individuals, hopes a wave of technology investment will bring a grocery store and retail outlets that cater to working-class people or those on a fixed income.

Unlike during the last boom, there is little fear of gentrification. City officials note that a high percentage of the housing in the area is run by nonprofit organizations or protected by city ordinances. In fact, said Amy B. Cohen, the city’s director of neighborhood and business development, “a few Twitter folks would be OK.”

Dorsey said the high-tech industry can change the fortunes of San Francisco. His two companies, Twitter and Square, have already created more than 700 jobs here, and he is a longtime enthusiast of urban living.

As a teenager, Dorsey papered his bedroom in city maps and wrote software for dispatch systems. He lives in an apartment just steps from his office at Square on the edge of the Tenderloin. Investors have valued Square, whose technology lets people accept credit and debit-card payments with a smartphone, at more than $1 billion.

“I’ve always lived in the most troubled part of a city,” Dorsey said, “and I believe confronting the issues of a community on a daily basis helps one to better understand how to fix them.”

–>

Article source: http://www.physorg.com/news/2011-08-high-tech-boom-deja-vu-san.html

P&F Triple Top Breakout – KRC, KYE, LDL, LNT, MFA

Mon, 16 May 2011 11:05:35 +0000

Kilroy Realty Corporation (NYSE:KRC) went up 0.42%, to close at $40.17 and its overall traded volume was 698,530.00 shares in the last trading session. KRC opened at $40.12 and is trading within the range of $39.81-$40.29. The 52-week range of the stock is $27.21 – $42.41. KRC’s market capitalization is $2.35B and it has 58.46M outstanding shares.Kilroy Realty Corporationis a self-administered real estate investment trust (REIT) engaged in office and industrial submarkets along the West Coast. The Company owns, develops, acquires and manages primarily Class A real estate assets in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. As of December 31, 2010, its stabilized portfolio consisted of the office buildings (the Office Properties) and industrial buildings (the Industrial Properties). As of December 31, 2010, all but one of its properties was located in California. The Company owns its interests in all of its Office Properties and Industrial Properties through the Kilroy Realty, L.P. (Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). During the year ended December 31, 2010, it acquired 2385 Northside Drive San Diego, CA, 303 Second Street San Francisco, CA and 999 Town Country Orange, CA.

Kayne Anderson Energy Total Return Fund (NYSE:KYE) percentage change dropped -0.91%, to close at $28.45 and its overall traded volume was 94,752.00 shares in the last trading session. KYE opened at $28.67 and is trading within the range of $28.37-$28.77. The stock has a 52 week range of $20.70 – $31.99. At current market price, the market capitalization of the company stands at $981.30M and it has 34.49M outstanding shares.Kayne Anderson Energy Total Return Fund, Inc. (the Fund) is a non-diversified, closed-end fund. The Fund’s investment objective is to obtain a high total return with an emphasis on current income by investing primarily in securities of companies engaged in the energy industry. The Fund’s investments include master limited partnerships (MLPs) and limited liability companies taxed as partnerships MLP affiliates, the United States and Canadian royalty trusts and income trusts (collectively, royalty trusts), marine transportation companies, and other companies that derive at least 50% of their revenues from operating assets used in, or providing energy-related services for, the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Fund’s investment advisor is KA Fund Advisors, LLC.

Lydall, Inc. (NYSE:LDL) fell -2.76%, to close at $10.55 and its overall traded volume was 48,910.00 shares in the last trading session. LDL opened at $10.88 and is trading within the range of $10.54-$11.18. The 52-week range of the stock is $6.51 – $11.39. The market capitalization of the company stands at $180.98M and it has 17.15M outstanding shares.Lydall, Inc. (Lydall) together with its subsidiaries, designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers, temperature-control equipment, medical filtration media and devices, and biopharmaceutical processing components for demanding thermal/acoustical, filtration/separation and bio/medical applications. The Company operates in two segments: Performance Materials and Thermal/Acoustical. The Thermal/Acoustical segment includes the operations of Lydall’s automotive businesses. The Performance Materials segment includes the operations of the filtration and industrial thermal insulation businesses. All other businesses are included in other products and services (OPS). In July 2010, Lydall, Inc. sold its electrical papers product line targeted for the transformer industry, and licensed certain related manufacturing technologies, to WEIDMANN Electrical Technology, Inc.

Alliant Energy Corporation (NYSE:LNT) slid -0.61%, to close at $40.74 and its overall traded volume was 808,366.00 shares in the last trading session. LNT shares were trading within the range of $40.49-$41.14 while its opening price was $41.12. The 52-week range of the stock is $30.40 – $41.14. The market capitalization of the company stands at $4.52B and it has 110.94M outstanding shares.Alliant Energy Corporation (Alliant Energy) operates as a regulated investor-owned public utility holding company. The Company focuses to provide regulated electricity and natural gas service to approximately one million electric and approximately 412,000 natural gas customers in the Midwest through its two public utility subsidiaries. The subsidiaries of the Company include Iowa Railway and Light Corporation (IPL), Eastern Wisconsin Electric Company (WPL), Alliant Energy Resources, LLC (Resources) and Alliant Energy Corporate Services, Inc. (Corporate Services). IPL is a public utility engaged principally in the generation and distribution of electric energy and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. WPL is a public utility engaged principally in the generation and distribution of electric energy and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin.

MFA Financial, Inc. (NYSE:MFA) percentage change fell -0.73%, to close at $8.16 and its overall traded volume was 2.14M shares in the last trading session. MFA opened at $8.24 and is trading within the range of $8.15-$8.24. The stock has a 52 week low of $6.79 and 52 week high of $8.64. The market capitalization of the company stands at $2.91B and it has 356.06M outstanding shares.MFA Financial, Inc. is engaged in the business of investing, on a leveraged basis, in residential Agency and Non-Agency mortgage-backed securities (MBS). It generates net income for distribution to its stockholders resulting from the difference between the interest and other income it earns on its investments and the interest expense it pays on the borrowings, which it uses to finance its leveraged investments and its operating costs.

Posted by Tom Walsh
on May 16 2011. Filed under Stocks.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry

Article source: http://acovi.com/pf-triple-top-breakout-krc-kye-ldl-lnt-mfa/225173/