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Facebook's leasing momentum doesn't appear to be slowing down this year, with another entire campus lease in the works in the San Francisco Peninsula. The tech company's leases so far this year have totaled over 3.7M SF, and it now has well over 6M SF in leased or owned property in the Bay Area. Earlier this year, Facebook broke records by leasing the largest amount of office space in San Francisco's history. It also is expanding its Menlo Park campus and has plans to build a mixed-use office and housing campus. Check out Facebook's latest large leases of the year below: Burlingame Point
Address: 300 Airport Blvd., Burlingame Size of Prospective Lease: Around 803K SF Developer: Kylli (Genzon Property Group subsidiary) Broker: Cushman & Wakefield Facebook is in talks to lease the entire Burlingame Point, which could potentially house its Oculus division, which…
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Bay Area's First Modular Hotel Under Construction
Developers are in the process of building the Bay Area's first modular hotel. The 144-room Home2 Suites by Hilton hotel at 550 Gateway Blvd. in South San Francisco is being developed by Southern Hospitality Services and built by Akshar Development. It is expected…
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Beginner's Guide To CRE Tech: Investors Pour Millions Into The Next Generation Of Office Leasing PlatformsVenture capitalists and angel investors are pouring millions into a new generation of office leasing platforms that could give major brokerages a run for their money. Startups like SquareFoot, TenantBase and Truss, which aim to simplify and expedite the online office leasing process for small and midsize firms, have raised millions in early stage funding this year. Industry experts say these firms can arrange and profit from smaller deals that brokers at larger firms typically dismiss. "All of these listing services are really brokerage firms,” VTS co-founder and CEO Nick Romito said. "The outlier is they're competing with the larger firms. What will be interesting to [see] play out is how large firms react to it." |
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Beyond The Bio: 16 Questions With Golub & Co. President And CEO Michael NewmanThis series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. For nearly 60 years, Golub & Co.'s motto has been "we're a family business that treats the business like a family." But for the past two decades, President and CEO Michael Newman has steered Golub's growth into a global company. Newman, who worked as an accountant and then a mortgage banker straight out of college, learned the business the old-fashioned way, getting to know the company through his wife, Sheila, the daughter of Chairman Eugene Golub. |
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McDonald's And Franchisees To Spend $6B To Revamp RestaurantsMcDonald's Corp. is kicking off a $6B revamp of its U.S. restaurants throughout the rest of this year and in 2019. The massive burger chain has about 14,000 locations in the U.S. alone. 
The work will involve both interior and exterior upgrades, the company said in a statement, with the cost being borne by both corporate and franchisees, though McDonald's didn't specify how the total will be split. The usual formula for renovations at a…
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