Kidder Mathews continues to grow its Bay Area commercial real estate group, and recently added 5 brokers to its downtown San Jose office, and 1 each to its San Francisco and Redwood Shores offices, bringing the firm’s Bay Area roster to 73 agents.

San Jose, CA (PRWEB) May 30, 2012

Kidder Mathews continues to grow its Bay Area commercial real estate group, and recently added 5 brokers to its downtown San Jose office, and 1 each to its San Francisco and Redwood Shores offices, bringing the firm’s Bay Area roster to 73 agents. All 7 brokers joined from Grubb Ellis, which is being purchased by BGC Partners.

“The agents we’ve hired bring a varied mix of specialties to enrich and expand our service lines in each of our offices,” said Reed Payne, Executive Vice President of Brokerage Services for Kidder Mathews.

Joining Kidder Mathews San Jose office are veteran brokers Joe Scuncio, an office/RD specialist, Nigel Keep, investment properties, Kristopher Blais, a retail specialist, along with James Viso and Shaun Enferadi, both industrial brokers. Mike McCormac, an office specialist, joins the firm’s San Francisco office and has been named Vice President, and Bill Kurfess, an office/RD specialist joins the firm’s Redwood Shores office and has been named Senior Vice President. “We are thrilled to have this caliber of brokers join our group,” says Payne.

Kidder Mathews is one of the fastest growing commercial real estate firms on the West Coast with over 400 real estate professionals and staff in 9 offices in California, Washington, and Oregon. We offer a complete range of brokerage, appraisal, property management, and consulting services for all property types. For more information go to http://www.kiddermathews.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebkidder-mathews/adds-bay-area-brokers/prweb9554108.htm

Article source: http://www.virtual-strategy.com/2012/05/30/kidder-mathews-adds-7-brokers-its-bay-area-offices

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Bill Kurfess, an office/RD specialist,
is the firm?s SVP in the Redwood
Shores office.

SAN JOSE, CA-Kidder Mathews continues to grow its Bay Area commercial real estate group, adding five brokers to its downtown office and one each to its San Francisco and Redwood Shores offices. The new hires bring the firm’s roster in this region to 73 agents, with all seven brokers hailing from Grubb Ellis.

The local office welcomes veteran brokers Joe Scuncio, an office/RD specialist; Nigel Keep, investment properties; Kristopher Blais, a retail specialist; and James Viso and Shaun Enferadi, both industrial brokers. Mike McCormac, an office specialist, joins the firm’s San Francisco office as VP, and Bill Kurfess, an office/RD specialist, joins the firm’s Redwood Shores office as SVP.

“The agents we’ve hired bring a varied mix of specialties to enrich and expand our service lines in each of our offices,” said Reed Payne, EVP of brokerage services for Kidder Mathews, in a prepared statement. “We are thrilled to have this caliber of brokers join our group.”

Payne tells GlobeSt.com that, while more new hires aren’t imminent, he is always seeking new agents to join the firm. In Northern California, the company is looking to grow its property-management and appraisal divisions, having in the last 60 days hired Nanci Vega as senior property manager, and Brad Paul as head of appraisal.

“The overall vision for the company is to be recognized as the premier provider of commercial real estate services in the Western U.S.,” Payne continues. “With that as the vision, the goal is to have the highest-quality agents we can get, and these hires definitely fit that goal. We’ve hired people in almost every specialty we deal with, and they are all very capable, very strong agents.”

As GlobeSt.com recently reported, earlier this month Kidder Mathews broke ground on Motion Water Sports’ 135,000-square-foot Pacific Northwest corporate headquarters in Snoqualmie, WA. Also, in April, Kidder Mathews and Binswanger were retained by Kimberly-Clark Corp. to sell its exceptionally rare waterfront industrial property in Seattle. Located on the central waterfront at 2600 Federal Ave., the property boasts more than 2,500 linear feet of deep-water industrial shoreline area and a total land area in excess of 66 acres. It is immediately adjacent to Naval Station Everett, home of the USS Nimitz carrier battle group, and the Port of Everett main terminal.

Categories:

West,
Industrial,
Office,
Retail,
Executive Moves,
San Jose

Carrie Rossenfeld Carrie Rossenfeld is a reporter for the West Coast region of GlobeSt.com and Real Estate Forum. She was a trade-magazine and newsletter editor in New York City for 11 years before moving to Southern California in 1997 to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics ranging from intellectual-property licensing and giftware to commercial real estate. She recently edited a book about profiting from distressed real estate in a down market and has ghostwritten a book about starting a home-based business.

Article source: http://www.globest.com/news/12_363/sanjose/office/-322045.html

San Jose, CA (PRWEB) May 30, 2012

Kidder Mathews continues to grow its Bay Area commercial real estate group, and recently added 5 brokers to its downtown San Jose office, and 1 each to its San Francisco and Redwood Shores offices, bringing the firm’s Bay Area roster to 73 agents. All 7 brokers joined from Grubb Ellis, which is being purchased by BGC Partners.

“The agents we’ve hired bring a varied mix of specialties to enrich and expand our service lines in each of our offices,” said Reed Payne, Executive Vice President of Brokerage Services for Kidder Mathews.

Joining Kidder Mathews San Jose office are veteran brokers Joe Scuncio, an office/RD specialist, Nigel Keep, investment properties, Kristopher Blais, a retail specialist, along with James Viso and Shaun Enferadi, both industrial brokers. Mike McCormac, an office specialist, joins the firm’s San Francisco office and has been named Vice President, and Bill Kurfess, an office/RD specialist joins the firm’s Redwood Shores office and has been named Senior Vice President. “We are thrilled to have this caliber of brokers join our group,” says Payne.

Kidder Mathews is one of the fastest growing commercial real estate firms on the West Coast with over 400 real estate professionals and staff in 9 offices in California, Washington, and Oregon. We offer a complete range of brokerage, appraisal, property management, and consulting services for all property types. For more information go to www.kiddermathews.com.

For the original version on PRWeb visit: www.prweb.com/releases/prwebkidder-mathews/adds-bay-area-brokers/prweb9554108.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/30/prweb9554108.DTL

JK Dineen
Reporter – San Francisco Business Times

Email
 | Twitter: @jkdineen

Canadian commercial real estate services company Avison Young 
 

Avison Young
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is opening a San Francisco office and has poached veteran Cornish Carey Commercial Newmark Knight Frank 
 

Cornish Carey Commercial Newmark Knight Frank
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broker Nick Slonek to head it up.

The newest American office marks Avison Young’s 12th location outside of Canada, the company’s third California office, and the next step in the firm’s aggressive growth and expansion strategy, according to CEO Mark Rose.

Slonek will be principal and managing director for Northern California. The Avison Young office will be on the fifth floor at 601 California Street. Slonek said that he is in advanced talks with a group of brokers likely to make the move to Avison Young.

“It’s an experienced group that we are going to have here — there are going to be a lot of transactions by the end of the year under the Avison Young umbrella,” said Slonek.

Over the past three years, Avison Young has grown from 11 to, now, 29 offices in 26 markets and from 300 to more than 900 real estate professionals across Canada and the U.S.

“The hiring of Nick Slonek is in line with our strategic plan to expand our commercial real estate services with high-quality leaders across the nation,” said Rose. “The San Francisco Bay Area — and the entirety of the Western U.S. region — is a vast and expanding real estate market and a focal point for many of our investor and occupier clients.”

Webb said that Avison Young is using its “highly profitable platform and its pristine balance sheet” to recruit other senior brokers and executives to fill the company’s service delivery needs in San Francisco and the Western region, and that plans for the company include further acquisitions to grow the Avison Young brand internationally.

J.K. Dineen covers real estate for the San Francisco Business Times.

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Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/04/avison-young-opens-san-francisco.html

Except this parking lot, at Howard and First streets in San Francisco, is located in one of the hottest commercial real estate markets in the country.

Late last week, New York’s Tishman Speyer Properties closed escrow on the space, which, by the end of next year will be transformed into a 10-story, 286,000-square-foot office building serving “tech tenant demands and needs perfectly,” said Allen Palmer, managing director at Tishman Speyer’s San Francisco office, in an e-mail to Bay Area real estate brokers.

Two distinguishing aspects of the deal: It’s the first “spec development” (i.e. built from the ground up with no signed tenants) in the city since the onset of the recession in 2007, and no debt financing is involved. The land, architectural plans and construction costs – the latter estimated between $180 million and $185 million – is “funded with all equity,” said Palmer.

“Tishman has just turned on the light switch,” said Daniel Cressman, executive vice president at Grubb Ellis, suggesting that San Francisco’s tech-driven market, especially in the South of Market area, may see similar deals in the near future. (Grubb Ellis, which was recently acquired by New York’s BCG Partners, is not involved in the Tishman Speyer deal.)

In fact, Tishman Speyer cut an even bigger spec deal at 222 Second St., which is also a parking lot. Scheduled to begin construction next year and to be open for tenants in the fall of 2014, the “world-class” $100 million, 27-story, 452,000-square-foot high-rise is “purposely designed … to cater to the tech user, yet also appeal to the professional, traditional office space user,” said Palmer.

Partnering with Tishman Speyer in both deals is JPMorgan Chase Asset Management, which bought a majority stake in China Basin Landing in January for $415 million. Like Tishman Speyer, which owns 555 Mission St., another spec project, and Infinity Towers, the upscale condo complex on Spear Street, JPMorgan has identified South of Market as the place to be.

“The demand is relentless, especially for tech space,” said Michael Covarrubias, CEO of TMG Partners, which is putting the finishing touches on the retrofit of 1275 Market St., a 17-story office building across the road from Twitter’s soon-to-be-occupied new headquarters.

The space at Howard and First streets is part of the 1.2 million-square-foot Foundry Square development, originally designed for Sun Microsystems. Three architecturally similar 10-story buildings are occupied by Oracle, the law firm of Orrick, Herrington Sutcliffe and BlackRock, the global investment management company.

The fully leased BlackRock building reportedly has been sold for $240 million by another New York property company to the State Teachers Retirement System of Ohio. A second Foundry building, owned by Utah Retirement Systems and leased to Oracle, was put on the market in February, with a reported asking price in the $185 million range, “or just shy of an eye-popping $800 per square foot,” according to Real Estate Alert, an online newsletter.

“Our initial goal is to find one tenant” for the space at Howard and First streets, Palmer told potentially interested brokers. “But don’t let that goal get in your client’s way if they would like to pursue part of the building.”

Buyers’ market: If San Francisco real estate is a little too rich for your blood, how about Oakland? Home sales are up, especially in the condo market, and property developers are keen to show you their wares.

A number of developers and real estate firms, including Holliday Development and Uptown Place, are part of a monthlong business campaign called Passport Oakland, designed to entice folks to experience a city that has had some not-so-good press lately. Five “new home communities” are available for inspection, plus neighborhood tours. Barbecues, wine tasting, deals on meals and $100 gift-card prizes are among other incentives.

More information at passportoakland.com and on Facebook (Facebook.com/PassportOAK) and Twitter (#PassportOAK).

Andrew S. Ross is a San Francisco Chronicle columnist. Blogging at www.sfgate.com/columns/bottomline. Facebook page: sfg.ly/doACKM. Tweeting: @andrewsross. E-mail: bottomline@sfchronicle.com.

This article appeared on page D – 1 of the San Francisco Chronicle

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/09/BUET1O0RN2.DTL&type=tech

Dave has more than 15 years of experience in real estate management and over 20 years in real estate sales. He’s a lifelong resident of Palo Alto, Atherton, and Menlo Park; he learned the local business at an early age through his family’s real estate company.

Dave thoroughly understands what it takes to buy and sell Peninsula real estate, and has built a long career in marketing and sales of fine properties across his area. After a successful sales career at Grubb Ellis and Fox Carskadon, Dave stepped into the companies’ management positions, and most recently served as the Branch Manager for Coldwell Banker, Menlo Park from 2000-2010.

“With over 30 years of industry experience, Dave brings a wealth of knowledge with him and is a great asset to McGuire,” said President/CEO, Charles E. Moore. “We’re very excited to have him lead our Burlingame office and team of agents on the Peninsula.”

Dave has overseen the details of nearly 5,000 listing and sales transactions throughout his management career; he provides extensive training, mentoring, coaching, and continuing education for his agents. He relies on his personal negotiation skills — critical to successful transactions — to assist agents in closing sales in a very competitive, complex and high-profile marketplace.

Dave is the former president of the Silicon Valley Association of Realtors and represents buyers and sellers in: Atherton, Menlo Park, Palo Alto, Portola Valley, and Woodside.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral part of the San Francisco Bay Area real estate scene for more than 90 years. A mid-sized, regional boutique, McGuire specializes in luxury real estate but upholds the highest standards of service to properties in every price range, area, and to every client. Its customer first philosophy and local focus continues to be the proven winning formula as a Bay Area real estate leader. McGuire’s affiliation with Luxury Portfolio — an exclusive network of luxury properties worldwide, and its parent organization Leading Real Estate Companies of the World, the largest global real estate network in the industry — successfully connects its clients and agents to a worldwide marketplace. McGuire operates three offices in San Francisco, a Marin office in Mill Valley, one in Burlingame serving the Peninsula, two in the East Bay.

To learn more about McGuire Real Estate, contact us at clientcare@mcguire.com, 1-800-4-RESULT, or visit www.mcguire.com. “Like” our Facebook Page and follow @mcguire_re for all things Bay Area real estate related.

Article source: http://www.marketwire.com/press-release/mcguire-real-estate-proudly-welcomes-dave-hobson-as-vp-sales-manager-its-burlingame-1634158.htm

SAN FRANCISCO, CA, Mar 20, 2012 (MARKETWIRE via COMTEX) –
Dave Hobson, former director and regional chair for the California
Association of REALTORS(R) (CAR), joins McGuire Real Estate’s
Peninsula team as the Vice President, Sales Manager of its Burlingame
office.

Dave has more than 15 years of experience in real estate management
and over 20 years in real estate sales. He’s a lifelong resident of
Palo Alto, Atherton, and Menlo Park; he learned the local business at
an early age through his family’s real estate company.

Dave thoroughly understands what it takes to buy and sell Peninsula
real estate, and has built a long career in marketing and sales of
fine properties across his area. After a successful sales career at
Grubb Ellis and Fox Carskadon, Dave stepped into the companies’
management positions, and most recently served as the Branch Manager
for Coldwell Banker, Menlo Park from 2000-2010.

“With over 30 years of industry experience, Dave brings a wealth of
knowledge with him and is a great asset to McGuire,” said
President/CEO, Charles E. Moore. “We’re very excited to have him lead
our Burlingame office and team of agents on the Peninsula.”

Dave has overseen the details of nearly 5,000 listing and sales
transactions throughout his management career; he provides extensive
training, mentoring, coaching, and continuing education for his
agents. He relies on his personal negotiation skills — critical to
successful transactions — to assist agents in closing sales in a
very competitive, complex and high-profile marketplace.

Dave is the former president of the Silicon Valley Association of
Realtors and represents buyers and sellers in: Atherton, Menlo Park,
Palo Alto, Portola Valley, and Woodside.

ABOUT MCGUIRE REAL ESTATE
McGuire Real Estate has been an integral
part of the San Francisco Bay Area real estate scene for more than 90
years. A mid-sized, regional boutique, McGuire specializes in luxury
real estate but upholds the highest standards of service to
properties in every price range, area, and to every client. Its
customer first philosophy and local focus continues to be the proven
winning formula as a Bay Area real estate leader. McGuire’s
affiliation with Luxury Portfolio — an exclusive network of luxury
properties worldwide, and its parent organization Leading Real Estate
Companies of the World, the largest global real estate network in the
industry — successfully connects its clients and agents to a
worldwide marketplace. McGuire operates three offices in San
Francisco, a Marin office in Mill Valley, one in Burlingame serving
the Peninsula, two in the East Bay.

To learn more about McGuire Real Estate, contact us at
clientcare@mcguire.com, 1-800-4-RESULT, or visit
www.mcguire.com .
“Like” our Facebook Page and follow @mcguire_re for all things Bay
Area real estate related.

Image Available:

http://www2.marketwire.com/mw/frame_mw?attachid=1923792

SOURCE: McGuire Real Estate

Copyright 2012 Marketwire, Inc., All rights reserved.

Article source: http://www.marketwatch.com/story/mcguire-real-estate-proudly-welcomes-dave-hobson-as-the-vp-sales-manager-of-its-burlingame-office-2012-03-20

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San Francisco Assessor-Recorder Phil Ting announced Thursday that the value of the City’s real estate grew by nearly $2 billion in the past fiscal year, a contrast to decreasing property values in most other parts of California.

The total roll assessment value, a combination of residential and commercial property values, grew by 1.3 percent to $163 billion during the fiscal year that ended June 30.

“We’re very, very fortunate in San Francisco,” Ting said. “We still have the strongest real estate market in the state.”

He said many homeowners are still worried about the real estate market but predicted “we’re going to see a continued resurgence” in the coming years.

Daniel Cressman, executive vice president of the commercial real estate company Grubb Ellis, said the value of the city’s commercial properties are doing particularly well.
   
San Francisco is “one of the very few markets in the entire country where investment demand for commercial office space is far outstripping the available supply that’s for sale,” Cressman said.
   
That has led to property value increases of up to 40 percent in recent years, he said.

John Lee, the former president of the San Francisco Association of Realtors, said the residential market is not doing as well, particularly for middle-class homeowners.

“People worried about jobs can’t commit to a long-term financial obligation,” Lee said.

He said, “I think the worst is behind us,” but predicted the next few years for the market will probably be about the same as the past one.

About 18,800 owners of single-family homes received a one-year temporary reduction last year in the assessed value of their properties, saving them a combined $27 million in taxes, Ting said.

Copyright Bay City News

Article source: http://www.nbcbayarea.com/news/local/SF-Real-Estate-Strongest-in-the-State-126021233.html