Yet most credible experts who track the complex world of office square footage contend that the region’s future looks promising.

How to explain that contradiction?

“I get that question from friends and business folks every day. I can’t get through a day without hearing it,” said John Frisch, regional managing director of commercial real estate brokerage firm Cornish Carey Commercial Newmark Knight Frank.

Last month, Cornish Carey reported that the Sacramento region’s office vacancy rate in this year’s first quarter hit an all-time high of 23.74 percent, equating to nearly 16 million square feet of vacant space. In 2002, the rate for the whole year was 12 percent.

The first-quarter numbers are the echo of the recessionary hammer that smashed the area’s commercial real estate market in 2008.

However, Frisch cheerfully expects “the office market to get better as the year unfolds.”

And Encino-based Marcus Millichap Real Estate Investment Services’ 2012 annual report also projects an office market turnaround in Sacramento this year.

The optimism lies in the ocean of numbers that’s an industry staple and the sometimes agonizingly slow pace of completing office building/leasing deals.

“We have not seen a tangible improvement in the region in years,” Frisch said. “However, the precursor to any changing in the vacancy rate is leasing activity in the market.

“And right now, we’re seeing better activity in the market than we were seeing six or 12 months ago.”

Frisch explained that it’s not unusual for deals to take six to nine months ? a timetable starting with prospective tenants looking around and ending when they finally move in. As a result, the recent bump up in office leasing might not show up on the region’s statistical radar for another year.

While the process is slow, Frisch said: “I don’t know if there is a better indicator for our local economy than office space vacancy. ? It’s pretty basic. When vacancy is high, things are bad. When it’s low, you have almost full employment.”

Local brokers also stress that it’s a mistake to view the Sacramento region as a monolith. Submarkets in the region are seeing widely varying degrees of progress, or disappointment.

Voit Real Estate Services’ first-quarter regional report for 2012 showed an office vacancy rate of 50.2 percent in the Rio Linda/North Highlands submarket. In downtown Sacramento, it was 10.1 percent.

There are also variations within the submarkets.

Robb Osborne, a senior vice president leading a team of brokers in Voit’s Roseville office, noted that the first-quarter vacancy rate in the Roseville/Rocklin market was 27.4 percent, but that number was affected by a 40-percent-plus vacancy rate along the Highway 65 corridor.

Prior to the recession, numerous high-end office buildings were built along Highway 65, reflecting the area’s economic boom. In the recession, much of that office space went empty.

The high percentage of office vacancies is an advantage for businesses looking to lease or buy.

“We have lost (clients) if they are price-sensitive,” Osborne said. “And right now, everybody is price-sensitive. They’re looking for the best deal.”

Cole Sweatt, an assistant vice president and broker in Voit’s Roseville office, said cost now outweighs all other factors: “In downtown Sacramento, parking has long been an issue, but now, everybody is looking for cheaper rent.”

Osborne and Sweatt characterized Roseville as a microcosm of the local office industry’s ups and downs.

The Voit team marketed the recent sale of the Eureka Corporate Center at 1544 Eureka Road in Roseville ? a modern-looking complex of gleaming offices with panoramic views. The complex wanted for tenants and was taken over by its lender.

Expansive second-floor offices that once housed Orange County-based John Laing Homes ? which filed for bankruptcy protection in 2009 ? lie empty. Sweatt expects the new buyer to fill the empty space with attractive lease offerings.

By contrast, a short drive away are twin office buildings at 3721/3741 Douglas Blvd. Of the 90,000 square feet of deals made by real estate firm Hines last year, about 50,000 were in the 3721/3741 buildings. Hines, which has offices at 400 Capitol Mall in Sacramento, owns about 850,000 square feet of space it’s looking to lease on the busy Douglas Boulevard corridor.

In 2011, Osborne’s Voit team completed 20 office sales totaling 186,000 square feet and 31 office lease transactions comprising 110,103 square feet.

Still, Osborne and Sweatt characterized the current environment as tough ? Osborne believes brokers will be swimming uphill for another year or so ? yet both see indicators of improvement.

Sweatt pointed to a rejuvenated San Francisco/Bay Area business/tech market: “We’re hoping that some of those (companies) will expand or relocate here.”

Osborne said a bump up in residential real estate in and around Roseville was a good sign “that if people are buying a home, they’re probably looking to stay in business.”

Osborne said dovetailing trends in the residential real estate and office markets are producing similar results: Buyers are picking up troubled assets for a comparative song, helped by low interest rates. Those picking up office buildings for a low price can better afford to “undercut” the market to lure tenants, charging square-footage rates well under competitors’ rates.

This creates another trend: Tenants being poached from other buildings with attractive offers.

Frisch said it’s all part of the game: “When Class A space drops to Class B levels, it’s a great opportunity to move up. When prices get really, really good, people who want to get into whatever trophy building there is can afford to move up.”

Frisch said attractive pricing is likewise contributing to leasing activity.

“Now for the first time in years, we are seeing people considering expanding instead of just hunkering down for a year or two to see which way the wind blows,” he said.

Frisch said that includes his own Cornish Carey firm.

“For the last four years, we have extended our lease two years at a time,” he said. “Now, we’re seriously considering expanding and relocating next year.”

Cornish Carey has two local offices ? about 7,500 square feet in Sacramento and 4,500 square feet in Roseville.

© Copyright The Sacramento Bee. All rights reserved.

Call The Bee’s Mark Glover, (916) 321-1184.

? Read more articles by Mark Glover

Article source: http://www.sacbee.com/2012/05/27/4517394/sacramento-area-office-brokers.html

Marin County, CA (PRWEB) May 03, 2012

Marin Modern Real Estate, a full service residential real estate brokerage firm and “top 10″ real estate brokerage in Marin County, announced the opening of a new, modern real estate office to better serve the needs of their clients and agents throughout Marin County.

Established more than 5 years ago as a boutique Bay Area real estate firm specializing in modern, architectural homes, Marin Modern Real Estate has become one of the fastest-growing residential real estate firms in Marin County. The firm’s approach, which involves selectively recruiting and hiring highly knowledgeable, tech-savvy and full-time, client-focused real estate agents and providing them as well as their clients with meaningful tools and technology to help make them successful in today’s market, has helped the company achieve significant double-digit growth in both sales and transaction volume every year since the firm’s inception. While still recognized as a leading authority for modern and mid-century modern homes, the firm has successfully expanded outside of its niche and assists clients with diverse architectural preferences and budgets.

“I’m extremely proud of what we’ve accomplished over the last 5 years,” commented Renee Adelmann, Owner Realtor of Marin Modern Real Estate. “Despite the challenges faced by others in our industry, our growth has been purely organic and has not come as a result of an acquisition, dramatic headcount expansion, or even by opportunistically riding the foreclosure and short sale wave. Instead we’ve hired great agents, provided them with technology and tools that actually matter and help them succeed, and worked as a cohesive team to succeed and grow in a market that has been so difficult for many others.”

To accommodate the needs of their expanding agent client base, the company has opened a new office at 2144 Fourth Street in San Rafael. Commenting on the new office, Renee Adelmann stated, “Our new office space is a strong reflection of our high-tech, high-touch brand. We designed the space to have a comfortable, brick timber loft feel to it; however, we also respected the need of our agents and clients to have relaxed, private meeting space. I believe we succeeded in achieving both objectives while also infusing the office with a lot of technology and eco-friendly design principles.”

In addition to opening a new office, the company announced the addition of REALTORS Fredrick “Fred” Anlyan and Helen Luttemo to their team. REALTOR and Broker Associate Fred Anlyan joins Marin Modern Real Estate from Coldwell Banker, where he spent more than 10 years assisting buyer and seller clients with their real estate needs in Marin County. REALTOR Helen Luttemo, a licensed agent since 2003, joins Marin Modern Real Estate from Frank Howard Allen.

About Marin Modern Real Estate

Marin Modern Real Estate is an innovative, technology-enabled, and high-touch residential real estate brokerage firm serving the needs of homebuyers and sellers throughout the San Francisco Bay Area.

Founded by one of the Bay Area’s top-producing real estate agents, the company provides unmatched professional representation to real estate clients throughout Marin County (Marin Modern Real Estate), San Francisco (San Francisco Modern Real Estate), as well as Alameda Contra Costa Counties (East Bay Modern Real Estate).

To learn more visit us online at Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012/5/prweb9466516.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/03/prweb9466516.DTL

Marin County real estate brokerage establishes new office, which combines technology, efficiency, and green design principles. Company announces expansion of their sales team in Marin County, California.

Marin County, CA (PRWEB) May 03, 2012

Marin Modern Real Estate, a full service residential real estate brokerage firm and “top 10” real estate brokerage in Marin County, announced the opening of a new, modern real estate office to better serve the needs of their clients and agents throughout Marin County.

Established more than 5 years ago as a boutique Bay Area real estate firm specializing in modern, architectural homes, Marin Modern Real Estate has become one of the fastest-growing residential real estate firms in Marin County. The firm’s approach, which involves selectively recruiting and hiring highly knowledgeable, tech-savvy and full-time, client-focused real estate agents and providing them as well as their clients with meaningful tools and technology to help make them successful in today’s market, has helped the company achieve significant double-digit growth in both sales and transaction volume every year since the firm’s inception. While still recognized as a leading authority for modern and mid-century modern homes, the firm has successfully expanded outside of its niche and assists clients with diverse architectural preferences and budgets.

“I’m extremely proud of what we’ve accomplished over the last 5 years,” commented Renee Adelmann, Owner Realtor of Marin Modern Real Estate. “Despite the challenges faced by others in our industry, our growth has been purely organic and has not come as a result of an acquisition, dramatic headcount expansion, or even by opportunistically riding the foreclosure and short sale wave. Instead we’ve hired great agents, provided them with technology and tools that actually matter and help them succeed, and worked as a cohesive team to succeed and grow in a market that has been so difficult for many others.”

To accommodate the needs of their expanding agent client base, the company has opened a new office at 2144 Fourth Street in San Rafael. Commenting on the new office, Renee Adelmann stated, “Our new office space is a strong reflection of our high-tech, high-touch brand. We designed the space to have a comfortable, brick timber loft feel to it; however, we also respected the need of our agents and clients to have relaxed, private meeting space. I believe we succeeded in achieving both objectives while also infusing the office with a lot of technology and eco-friendly design principles.”

In addition to opening a new office, the company announced the addition of REALTORS Fredrick “Fred” Anlyan and Helen Luttemo to their team. REALTOR and Broker Associate Fred Anlyan joins Marin Modern Real Estate from Coldwell Banker, where he spent more than 10 years assisting buyer and seller clients with their real estate needs in Marin County. REALTOR Helen Luttemo, a licensed agent since 2003, joins Marin Modern Real Estate from Frank Howard Allen.

About Marin Modern Real Estate

Marin Modern Real Estate is an innovative, technology-enabled, and high-touch residential real estate brokerage firm serving the needs of homebuyers and sellers throughout the San Francisco Bay Area.

Founded by one of the Bay Area’s top-producing real estate agents, the company provides unmatched professional representation to real estate clients throughout Marin County (Marin Modern Real Estate), San Francisco (San Francisco Modern Real Estate), as well as Alameda Contra Costa Counties (East Bay Modern Real Estate).

To learn more visit us online at Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/5/prweb9466516.htm

Article source: http://www.virtual-strategy.com/2012/05/03/marin-modern-real-estate-opens-new-agent-client-centric-office-expands-sales-team

Tampa, FL (PRWEB) March 05, 2012

On March 14th at 8.30 am a pitch session for commercial real estate brokers and agents will take place at 715 Bird Street in Tampa.

Steven Silverman, the Broker at Tampa Commercial Real Estate is representing the seller in the sale of a building located at 715 Bird Street Tampa, FL. Tampa Commercial Real Estate is a commercial real estate brokerage firm based in Tampa, FL. Tampa Commercial Real Estate represents Buyers, Sellers, Landlords and Tenants in the sale or lease of commercial real estate in the Tampa Bay area

The four story building at 715 Bird Street was built in the 60’s and has excellent visibility from I-275. It is located at the exit ramp of I-275. The building has had many prior tenants including a bank, a church, offices and government departments. It has two passenger elevators and one freight elevator. The build-out includes a sanctuary on the first floor, offices, a bank vault, a commercial kitchen area, classrooms and even some apartments. While the building does need renovation, at the listed price of $1,600,000 it has substantial upside potential.This building can have multiple uses. It would be a worthy consideration for anybody seeking an office building in Tampa or an education or religious facility.

Cushman Wakefield has listed the adjacent 35 Acre properties owned by the Tampa Greyhound race track for $12 million. It is contemplated that this will be a major development site.

Tampa Commercial Real Estate and Cushman Wakefield are cooperating to jointly host the brokers breakfast pitch session which will showcase both properties to other brokers and commercial real estate agents in the Tampa market. The marketing session is conducted under the umbrella of FGCAR, the Florida Gulf Coast Commercial Assoc of Realtors. The leading brokers in the Tampa Bay commercial real estate community belong to FGCAR. FGCAR pitch sessions such as these are just one way in which broker members enhance exposure and increase value for their clients. At the pitch session a light breakfast will be served and Brokers will have the opportunity to stand up to share market information and pitch their “Wants” and “Listings” to the assembled brokers. After the pitch, those Brokers that are interested will be taken on a tour of the host properties

A property brochure describes property offering and Tampa Commercial Real Estate can be contacted for a site visit or for additional information. Steven Silverman the Broker at Tampa Commercial Real Estate is representing the Seller of 715 Bird Street. Steven is on the Board of the Florida Gulf Coast Commercial Assoc of Realtors and is also on the board of the Florida CCIM Chapter (Certified Commercial Investment Member)

About Tampa Commercial Real Estate: Tampa Commercial Real Estate is a commercial brokerage firm based in Tampa FL that assists Buyers. Sellers and Tenants in the Acquisition, Disposal and Leasing of Tampa Bay Commercial Real Estate and Florida commercial real estate

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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebOfficeBuildingTampa/TampaCommercialRealEstate/prweb9245259.htm

Article source: http://www.timesunion.com/business/press-releases/article/Tampa-Commercial-Real-Estate-To-Feature-60-000-sf-3384358.php

Moreover, the very “openness” of an open house means anyone can walk through the door, putting real estate agents at risk every day. There are instances when an open house may not be the safest option, and that’s one reason why Robertson launched OpenHouseKey.com, a website dedicated to transforming open house management.

“We always wished somebody had put together the right set of real estate tools to make our lives easier, more productive and safer,” says Robertson, who also owns the real estate brokerage firm YourSeattleHomeTeam.com. “Nobody did — so we decided to do it ourselves. By harnessing the power of current technologies and the Internet’s popularity as a real estate marketing and research tool, we’ve created a solutions-oriented site that makes open houses more convenient, meaningful and safe, while providing its users with a number of marketing, sales and consumer tools that support industry-wide success.”

OpenHouseKey.com is a one-stop portal for posting “for sale” and “for rent” properties, open house times, auto-generated QR codes for each listing, and auto-fill pdf flyers with photos + QR code. Perhaps even more important, OpenHouseKey.com features SecureShow®, a cutting-edge ID verification process that identifies buyers and tenants, and verifies they are who they say they are before agents, sellers and landlords meet them at properties. SecureShow eliminates speculation regarding who will attend an open house, while reducing the odds of “looky loos” or, worse, unscrupulous imposters popping in for a “showing.”

OpenHouseKey.com is currently in beta-testing, yet Robertson has already been named a finalist for the Washington Association of Mortgage Professionals’ “Best of the Best” award. The honor recognizes outstanding innovators, advocates and community leaders within its industry.

“I believe that part of why I was chosen as an award finalist is because this website is such a welcome reprieve for the industry,” she says. “The issues and challenges related to open houses are very well known, yet there have been no solutions for addressing them effectively until now. With OpenHouseKey.com, we’re doing what we can to make the entire open house experience safer and more effective for all.”

For more information, visit http://openhousekey.com.

About OpenHouseKey.com

OpenHouseKey.com provides security awareness and screening, along with current, user-friendly marketing tools, to sellers, real estate professionals and landlords. All this is delivered through a single-source platform website that also supplies accurate and timely information to prospective buyers and tenants.

Contact:

Lynn RobertsonPresident, OpenHouseKey.comMedia@OpenHouseKey.com 206-225-6941

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE OpenHouseKey.com

Article source: http://www.sacbee.com/2011/12/12/4116753/openhousekeycom-transforms-open.html

SEATTLE, Dec. 12, 2011 /PRNewswire/ — Lynn Robertson has seen her fair share of open houses. With 25 years of experience as a real estate broker in various regions of the U.S., including the San Francisco Bay area and Washington State, she knows firsthand the challenges of opening up a property for all the public to see. While an open house may create an opportunity to engage the perfect buyer, the ultimate success of generating solid leads through this approach can be hit or miss.

Moreover, the very “openness” of an open house means anyone can walk through the door, putting real estate agents at risk every day. There are instances when an open house may not be the safest option, and that’s one reason why Robertson launched OpenHouseKey.com, a website dedicated to transforming open house management.

“We always wished somebody had put together the right set of real estate tools to make our lives easier, more productive and safer,” says Robertson, who also owns the real estate brokerage firm YourSeattleHomeTeam.com. “Nobody did — so we decided to do it ourselves. By harnessing the power of current technologies and the Internet’s popularity as a real estate marketing and research tool, we’ve created a solutions-oriented site that makes open houses more convenient, meaningful and safe, while providing its users with a number of marketing, sales and consumer tools that support industry-wide success.”

OpenHouseKey.com is a one-stop portal for posting “for sale” and “for rent” properties, open house times, auto-generated QR codes for each listing, and auto-fill pdf flyers with photos + QR code. Perhaps even more important, OpenHouseKey.com features SecureShow®, a cutting-edge ID verification process that identifies buyers and tenants, and verifies they are who they say they are before agents, sellers and landlords meet them at properties. SecureShow eliminates speculation regarding who will attend an open house, while reducing the odds of “looky loos” or, worse, unscrupulous imposters popping in for a “showing.”

OpenHouseKey.com is currently in beta-testing, yet Robertson has already been named a finalist for the Washington Association of Mortgage Professionals’ “Best of the Best” award. The honor recognizes outstanding innovators, advocates and community leaders within its industry.

“I believe that part of why I was chosen as an award finalist is because this website is such a welcome reprieve for the industry,” she says. “The issues and challenges related to open houses are very well known, yet there have been no solutions for addressing them effectively until now. With OpenHouseKey.com, we’re doing what we can to make the entire open house experience safer and more effective for all.”

For more information, visit http://openhousekey.com.

About OpenHouseKey.com

OpenHouseKey.com provides security awareness and screening, along with current, user-friendly marketing tools, to sellers, real estate professionals and landlords. All this is delivered through a single-source platform website that also supplies accurate and timely information to prospective buyers and tenants.

Contact:

Lynn Robertson
President, OpenHouseKey.com
Media@OpenHouseKey.com
206-225-6941

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE OpenHouseKey.com

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Article source: http://www.prnewswire.com/news-releases/openhousekeycom-transforms-open-house-management-with-suite-of-security-and-sales-solutions-135432043.html

Marin Modern Real Estate, a full service residential real estate brokerage firm based in San Rafael, California, announced that it has received Green Business Certification from The Bay Area Green Business Program.

The Green Business Program is a voluntary partnership among business leaders, government agencies and non-profit organizations. The program recognizes and promotes businesses that demonstrate continuous compliance with applicable environmental regulations, conserve energy, water, and other materials, implement sound environmental practices that prevent pollution and waste generation, and share environmentally responsible practices with other businesses in our community. The Marin County Green Business program is part of the Bay Area Green Business Program. There are over 2,750 certified Green Businesses located throughout the Bay Area.

“We are delighted that our organization has become the first real estate brokerage firm based in San Rafael to receive Green Business Certification,” commented Renee Adelmann, Realtor Owner of Marin Modern Real Estate. “The traditional method of practicing real estate generates a lot of waste which burdens the environment, consumers and even real estate agents. Our company and agents have long recognized these inefficiencies and have consistently taken steps to practice real estate in a more efficient and eco-centric manner.    These steps include very early adoption and use of electronic signatures and paperless faxes to minimize the amount of paper generated with each transaction, cloud computing to better connect our team and clients, the use of recycled paper, recycling paper and other materials within our office, minimizing power consumption thru responsible agent practices and thru the use of technology such as Smart Lighting and EcoStrip Power Strips, encouraging use of low VOC paints, and even carpooling when touring Marin open homes.”

Renee Adelmann added “The success and remarkable growth we’ve experienced as a company is due in large part to understanding the needs of modern day home buyers and sellers in Marin County. Being more eco-conscious in the way we practice real estate and offering clients high-tech, high touch professional representation through our team of experienced and knowledgeable REALTORS® resonates with today’s savvy consumers. Our firm’s double-digit growth in both sales and transaction volume every year since our inception is a testament to our success.”

In addition to earning Green Business Certification, the company announced the addition of Realtor Heidi Phan-Peterson to their team. Heidi joins Marin Modern Real Estate from ZipRealty where she spent 10 years working at their corporate office as an advocate for improvements in customer service and the real estate consumer experience.

About Marin Modern Real Estate

Marin Modern Real Estate is an innovative, technology-enabled, and high-touch residential real estate brokerage firm serving the needs of home buyers and sellers throughout the San Francisco Bay Area.

Founded by one of the Bay Area’s top-producing real estate agents, the company provides unmatched professional representation to real estate clients throughout Marin County (Marin Modern Real Estate), San Francisco (San Francisco Modern Real Estate) as well as Alameda Contra Costa Counties (East Bay Modern Real Estate.

To learn more visit us online at Marin Modern Real Estate, San Francisco Modern Real Estate and East Bay Modern Real Estate.

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For the original version on PRWeb visit: www.prweb.com/releases/prweb2011/8/prweb8742280.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/25/prweb8742280.DTL

East Bay Modern Real Estate, a full service residential real estate brokerage firm specializing in modern and architectural properties, announced their entry into the East Bay residential real estate market and the launch of their new website www.EastBayModern.com.

Established and launched by Renee Adelmann, one of the Bay Area’s premier architectural realtors, East Bay Modern represents a logical expansion for the company, which has established roots and a proven track record in surrounding Bay Area communities including Marin County (Marin Modern Real Estate) as well as San Francisco (San Francisco Modern Real Estate). With the launch of East Bay Modern Real Estate, the firm will strengthen its ability to service clients in both Alameda and Contra Costa County.

“For years we’ve had clients ask us if our company would ever expand into San Francisco’s East Bay to better serve the needs of today’s modern day home buyers and sellers,” commented Renee Adelmann. “We’ve long recognized the market opportunity in the East Bay given its rich architectural history and the abundance of modernist properties; however, it was critically important for us to launch the East Bay Modern brand in a way that was both reflective of our organization’s commitment to quality and also value-added to consumers. With this in mind we’ve spent well over a year on the development of the East Bay Modern brand to insure that we would exceed clients’ expectations.     I’m extremely proud of our team’s work and we look forward to assisting clients with the sale or purchase of a home, loft or condominium in the East Bay.”

To coincide with the launch of East Bay Modern Real Estate, the company unveiled its new website which includes hundreds of pages of unique website content including in-depth information on East Bay towns, modern and mid-century modern residential architecture, East Bay lofts for sale, an online guide to Eichler homes in the East Bay, listing alerts for enthusiasts of modern real estate and robust home search capabilities.    East Bay property search capabilities include the ability to search across a variety of criteria including towns, neighborhoods, price ranges, property types, street addresses, MLS #, keywords, school districts, map location, and more.

Renee Adelmann added, “Our East Bay Modern website is designed to help educate the public on unique modernist architecture in the East Bay while at the same time providing home buyers with a one-stop resource for exploring residential real estate in both Alameda and Contra Costa Counties, California.     Whether consumers are looking for a modern or traditional home, a luxury estate or an affordable REO, we’ve got them covered. The site complements our strong online presence in both Marin County and San Francisco and further strengthens our ability to service the needs of our modern-day home buyers and sellers in the East Bay.”

In addition to the launch of East Bay Modern Real Estate, the company announced the addition of three new sales associates to their team.

In the East Bay, Realtor Matthew Sorrenti joins East Bay Modern Real Estate Team from Better Homes Gardens Mason McDuffie Real Estate. An East Bay native, Matthew Sorrenti has a strong technology background and brings over a decade of residential real estate experience in the East Bay.    

In Marin County, Realtors Janis Peterson and Cari Gennarelli join Marin Modern Real Estate from Frank Howard Allen. With over 20 years of success assisting clients with their real estate needs throughout Marin, Realtor Janis Peterson brings a wealth of experience and knowledge to the Marin Modern Team.     Cari Gennarelli, a Marin County native, brings with her a strong track record in real estate and property management in both Marin San Francisco. Additionally, Cari is a certified EcoBroker® who partners with her clients to make healthier, sustainable, and energy saving choices when buying or selling a home.

To learn more visit us online at East Bay Modern Real Estate, Marin Modern Real Estate and San Francisco Modern Real Estate.

About East Bay Modern Real Estate

East Bay Modern Real Estate is a full service brokerage offering state-of-the-art representation to both buyers and sellers of residential real estate throughout Contra Costa and Alameda Counties.

Founded by one of the Bay Area’s top-producing real estate agents, East Bay Modern is the newest brokerage to partner with the successful Marin Modern Real Estate and San Francisco Modern Real Estate.

The company can be reached online at www.EastBayModern.com.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebEast-Bay-Modern/2011/prweb8666893.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/26/prweb8666893.DTL

SANTA MONICA, Calif.—Office occupancy rates in this seaside city have soared in an otherwise lackluster Los Angeles market, fueled by an entertainment-industry expansion. The move is part of an uneven recovery in the property market benefiting certain pockets of cities and metropolitan areas.

Santa Monica’s office-vacancy rate fell to 11.5% in the fourth quarter, from 14.3% in the same period a year earlier, while vacancies for overall Los Angeles County remained at a recessionary peak of 17%, according to estimates by Grubb Ellis Co., a real-estate-brokerage firm based in Santa Ana, Calif.

Santa Monica’s vacancies peaked at 16.2% in …

Article source: http://online.wsj.com/article/SB10001424052748703566504576202653863244690.html