homesmillbrae.com » Office Spaces http://homesmillbrae.com Thu, 20 Oct 2022 03:48:43 +0000 en hourly 1 http://wordpress.org/?v=3.1 San Francisco’s real estate boom puts a damper on nonprofits http://homesmillbrae.com/2036/san-franciscos-real-estate-boom-puts-a-damper-on-nonprofits/ http://homesmillbrae.com/2036/san-franciscos-real-estate-boom-puts-a-damper-on-nonprofits/#comments Wed, 27 Feb 2013 07:05:07 +0000 http://homesmillbrae.com/2036/san-franciscos-real-estate-boom-puts-a-damper-on-nonprofits/ Continue reading →]]>



San Franciscos real estate boom puts a damper on nonprofits






19784 Frojo%2CRenee v3 San Franciscos real estate boom puts a damper on nonprofits
Renée Frojo
Reporter- San Francisco Business Times

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While I’d rather not put a negative spin on San Francisco’s gangbusters economy, it’s hard to ignore the fact that it’s putting pressure on nonprofits to either pay up, get creative or get out.

As I wrote in this week’s paper, rising rents are pushing nonprofits out of the city and into the East Bay in search of affordable space. But what about local nonprofits that need a San Francisco address? How are they facing skyrocketing rents and landlords that refuse to renew their lease in hopes of attracting higher-paying tenants?

Well, “it’s really nuanced,” said Leiasa Beckham, a real estate consultant with the Northern California Community Loan Fund, in trying to explain the kinds of solutions that nonprofits in the city are coming up with to find more stable, affordable rent.

According to Beckham, some nonprofits with enough funds are looking into buying their own space. But because these projects are currently undergoing complex lease negotiations, she wouldn’t specify who is doing what.

Other scrappy nonprofits, she said, are looking for shared space concepts, co-locating to buildings with reasonable rents or renting spaces from other nonprofits in shared-space buildings — a model that has been used by nonprofits for some time.

But as rents continue to rise and real estate throughout the city — including the historically affordable areas of town — becomes increasingly desirable, even shared office spaces have become harder to find and develop.

“The real estate market is really prohibitive to centers expanding or replicating here,” Katie Edwards of Tide’s Nonprofit Centers Network, a peer learning community for nonprofits that share space, told me.

Renée Frojo covers hospitality, restaurants, retail and nonprofits for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/2013/02/san-franciscos-prosperity-puts-a.html

]]> http://homesmillbrae.com/2036/san-franciscos-real-estate-boom-puts-a-damper-on-nonprofits/feed/ 0 See how Bay Area firms are breaking the mold for corporate campuses http://homesmillbrae.com/1332/see-how-bay-area-firms-are-breaking-the-mold-for-corporate-campuses/ http://homesmillbrae.com/1332/see-how-bay-area-firms-are-breaking-the-mold-for-corporate-campuses/#comments Mon, 27 Feb 2012 08:38:25 +0000 http://homesmillbrae.com/1332/see-how-bay-area-firms-are-breaking-the-mold-for-corporate-campuses/ Continue reading →]]>







bfbb9 blanca torres1633mug See how Bay Area firms are breaking the mold for corporate campuses
Blanca Torres
Reporter – San Francisco Business Times

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Innovative Bay Area companies are finding that just as they like their businesses to challenge convention, so should their corporate homes.

Companies including Apple Inc. 


, Clif Bar 


Co., Twitter 


Inc., Salesforce 


Inc., Logitech International SA 


, Pixar Animation Studios 


Inc. and Facebook Inc. are in varying stages of developing new headquarters and putting their particular stamp on the buildings.

Apple is pursuing a design known as the “spaceship campus” in its hometown of Cupertino.

Facebook 


recently moved into renovated digs in Menlo Park.

Salesforce is looking at becoming the first major technology company in the southern end of Mission Bay.

Twitter is also moving into a repurposed building — a former furniture showroom — with aspirations of reviving a seedy section of Market Street in San Francisco.

Pixar Animation Studios Inc. wrapped up the second building on its Emeryville campus dubbing it “the Brooklyn.”

Logitech is building out new space in Newark with the goal of integrating its workforce in ways that were not possible before.

Clif Bar left Berkeley in 2010 for Emeryville, but made sure to bring its climbing wall.

These firms are creating new definitions of what a corporate campus can be. Subscribers can read more in the Focus section on Construction, Engineering and Architecture in the San Francisco Business Times’ print edition for Feb. 24.

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

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Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/02/bay-area-firms-push-for-better-campuses.html

]]> http://homesmillbrae.com/1332/see-how-bay-area-firms-are-breaking-the-mold-for-corporate-campuses/feed/ 0 Fewer vacant office spaces http://homesmillbrae.com/1070/fewer-vacant-office-spaces/ http://homesmillbrae.com/1070/fewer-vacant-office-spaces/#comments Fri, 28 Oct 2011 08:27:17 +0000 http://homesmillbrae.com/1070/fewer-vacant-office-spaces/ Continue reading →]]>

By Mark Puente, Times Staff Writer

In Print: Friday, October 28, 2011


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The Tampa Bay commercial real estate market is no longer in the basement but remains far from the penthouse.

A bright spot in a national report released this week shows the commercial sector has improved in the bay area and other parts of Florida amid the languishing economy and lackluster job growth.

The report ranked the bay area as the 33rd best of 51 metro areas for investment in commercial real estate. Overall, the bay area improved to fair this year from poor last year, according to the “Emerging Trends in Real Estate” report by the nonprofit Urban Land Institute and accounting firm PricewaterhouseCoopers.

“It shows we’re moving in the right direction,” said Ray Sandelli, head of the Tampa office of the CB Richard Ellis commercial real estate firm. “It will also challenge us to improve.”

Experts attribute the improvement locally to the commercial market not being overbuilt during the boom, and real estate prices correcting downward to match today’s market.

Statewide, Miami ranked 17th and recorded the biggest gains among major markets for investment opportunities. Foreign cash is flowing into the city because of political instability in Latin America, the report said. Orlando ranked 29th; Jacksonville ranked 40th. Detroit, Cleveland and Las Vegas were at the bottom.

Apartments are the safest place to park cash here and across the country, the report said. Nationally, brokers and investors of industrial properties, shopping centers, hotels and office buildings face a “slowing, grind-it-out recovery” in 2012.

Investment cash is gushing toward the 24-hour global gateways: Washington, D.C., San Francisco, New York City, Boston and Seattle. Money is also following young professionals to pedestrian-friendly cities such as Portland, Ore., Seattle and Austin, Texas.

Not all experts buy into the report.

Larry Richey, senior managing director of Cushman Wakefield in Tampa, said the bay area is doing better and will never be near the top when compared to big metro areas on the East Coast and West Coast. But it would rank high among similarly sized metro areas.

Vacancy rates have dropped in office and industrial buildings as companies move to bigger offices or relocate from outside the region, he said. He pointed to Time Warner’s recent pledge to create 500 jobs in Hillsborough County and to spend $5 million on new facilities over the next five years.

The report, Richey said, doesn’t reflect all the gains made in 2011.

“It’s the most improvement we’ve seen in the last five years,” he said.

[Last modified: Oct 27, 2011 09:54 PM]


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Article source: http://www.tampabay.com/news/business/realestate/tampa-bays-commercial-real-estate-sector-rebounds-report-says/1198914

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