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| September 9, 2014 |
Seven Features Tenants Want
in Offices of the Future
The cutting edge of SoCal office space has moved past simple open plans and ping-pong tables to flexibility, brighter colors, indoor-outdoor spaces, and remaking boring old spaces into places were young workers want to be. (The coffee machine hasn't gone anywhere, though.) That's why we're excited to hold our Office of the Future event on Sept. 30 at the gen2 Building.
Bixby Land Co SVP-operation Aaron Hill, who's speaking at the event, tells us that the majority of office tenants are looking for space that reinforces their company's brand and culture. The space that's in demand today has been reinvented to be in sync with how the employees want to work. As companies see space as an important drawing card for talent, its cost is being pushed down the list of priorities when evaluating new office space or renewals of existing leases (tenants willing to pay more for the right space, that is).
 Features that tenants are willing to pay a premium for, Aaron says, include a lot of natural light, a floor plate that allows them to program multiple types of work space, WiFi throughout, less drywall and more glass, and a more vibrant color palette and the elimination of dropped ceilings. Also important in Southern California: an emphasis on usable outdoor space with multiple gathering areas designed to accommodate different-sized groups. Pictured: a new Bixby design at 18231 W McDurmott in Irvine, which has a series of folding doors that open to the building's deck, to create an indoor-outdoor connection. Hear more from Aaron and other office of the future experts at our event: sign up here. |
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Overseas Restaurants Target SoCal
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SoCal's a prime destination for foreign restaurant chains looking to establish a foothold in North America, because people here are keen for new experiences, Present Value Properties prez Greg Fisher tells us. Eat and Eat, a restaurant company whose locations are currently in Indonesia (and whose name gets right to the point), has tapped Present Value of Tustin to find its first US location in Southern California. Greg, snapped with his wife TerryLynn at Laguna Beach, says that the restaurant is looking for 5,000 SF to 7,000 SF where it can offer food in an "eatertainment" environment. |
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"Eat and Eat embodies of the eatertainment concept by immersing each guest in authentic cuisine in a participatory atmosphere,” Greg explains. Though the plans for the US location haven't been finalized yet, in Indonesia (pictured) they feature a myriad of food stalls and carts serving food from around Southeast Asia. With vintage ornaments and furniture, the locations evoke a street food bazaar at a traditional kampong (village). “Each Eat and Eat will be created around dining themes consistent with local culture, and feature both traditional and new cuisines from around the world," Greg says. |
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Another Ice Bucket Challenge
The buckets keep pouring to fund ALS research. Snapped are RiverRock Real Estate Group principal John Combs, CFO Ken Kruis, and prez Steve Core. (The ALS Foundation has reported that as of today, over $110M has been raised from the ice bucket challenge.) Recently, Lane Partners tapped Newport Beach-based RiverRock to manage the historic 400k SF Sears Building in downtown Oakland. The property, which will be renamed UpTown Station, is being redeveloped and repositioned into collaborative space marketed to tech tenants.
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Industry Swings Clubs for Building Block Foundation
Snapped at "Mama Provenza's kitchen" while making Italian food and drinking Peroni: Arthur J Gallagher's Morgan Anderson, Newmeyer & Dillion's Daniel Schneider, and WD Land's Ed Pitula and Sal Provenza. The four organized the inaugural Building Block Charity Golf Classic at Pelican Hill late last month to benefit the Building Block Foundation Fund. Sal tells us the event will be annual from now on. The golf outing was the latest in a long line of events by the OC real estate community to support the fund, which helps at-risk youth. Next: Career Day in partnership with NAIOP on Oct. 14. |
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Don't Miss the Office of the Future!
Creative, innovative office space isn't just for Silicon Valley any more; it's now arriving in OC. Come hear more at Bisnow's OC Office of the Future event on Tuesday, Sept. 30 at the gen2 Building (18231 W McDurmott) in Irvine, which itself is a cutting-edge design by Bixby Land Co. The event will also be your chance to see some raw space in the building. Our expert lineup includes DBaC's Bruce Asper, Bixby Land's Aaron Hill, IA Interior Architects Brian Koshley, Tangram's Joe Lozowski, Prudential Real Estate Investors Clarke Michalak, Greenlaw Partners' Scott Murray, Cross Campus' Ronen Olshansky, and CapRock Partners Jonathan Pharris. Sign up for the event here.
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A Dracula movie was stuck in production hell until it was re-vamped. Send ideas and suggestions to dees.stribling@bisnow.com. |
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