Oakland Housing Developers Turn To New Ways Of Building To Reduce Costs
Rising construction costs are pushing Oakland developers to rethink traditional construction methods to make sure much-needed housing continues to get built.
“It is an issue right now that we are all facing increased construction costs,” UrbanCore Development CEO Michael Johnson said during Bisnow's recent Oakland Construction & Development Update event. “What will happen is some projects will not move forward as…
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Navy No Longer Considering Large-Scale Migrant Detention Center In Concord
The Trump administration won't proceed with plans to build a detention center for undocumented immigrants at the former Concord Naval Weapons Station, the San Francisco Chronicle reports.
U.S. Rep. Mark DeSaulnier said in statement Wednesday that sources from the Department…
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EverWest Adds Burlingame Office Buildings To Growing Bay Area Portfolio
EverWest Real Estate Investors continues to expand its Bay Area portfolio with its first San Mateo County office purchase. The company partnered with private market investors Partners Group to purchase the roughly 262K SF Burlingame Bay Office Park at 555-577…
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Siemens Acquires 3 Smart Building Startups In 2 Months
Siemens Building Technologies Division has inked a deal to acquire Building Robotics Inc., an Oakland-based company whose app Comfy gives office workers greater control of their personal environment, especially temperature and lighting.
The deal is the third recent acquisition of smart building tech startups by the German tech conglomerate Siemens AG, Forbes reports. Last month, the company bought Enlightened Inc. and J2 Innovations, both of whose products are also focused on smart,…
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Nationwide Apartment Rent Growth Slumps To 8-Year Low In Q2
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Report: Majority Of Women In CRE Face Pay Gap, Opportunity Discrimination And Sexual Harassment
More than half of the women surveyed reported they had been sexually harassed at some point in their career.
“Women are more empowered than ever before to stand up to discrimination, but change must come from the top and currently…
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Today's Differentiator Is Tomorrow's Standard: How Developers Approach Smart Buildings
Rudin Management's first foray into smart building development was prompted by one of life's great motivators — fear.
“I wish I could say it was a grand epiphany. But it wasn't,” Rudin Chief Operating Officer John Gilbert said. “We had a vacant building. 55 Broad St. had been vacant for six years [and we were asking] ‘What the heck are we going to do to differentiate this building from all other vacant buildings in Lower Manhattan?'”
In the early 1990s, Lower Manhattan had around 30M SF of vacant office space, Gilbert said, likening the time to a depression. The answer, the company found, was taking the aging office building and equipping it with the best smart features of the time. It opened as the New York Information Technology Center in 1996.
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Bucking The Trend: Developers Building More Parking For Their Office Buildings
Two office developers still see tenants wanting that most basic of all amenities: parking spaces.
Now, Preferred Office Communities and Seven Oaks Co. are building second parking decks onto their Central Perimeter trophy towers to accommodate companies whose employees still use their cars to get to work.
Even with a plethora of transit options in Atlanta's Central Perimeter submarket — three MARTA stations, various shuttle services and Uber and Lyft — Seven Oaks and Preferred Office are pushing parking ratios beyond the market norms by adding second parking decks.
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