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More developers have been building housing and office than ever before in Oakland. The city offers a more affordable place for people to live while also being close to downtown San Francisco. Despite these opportunities and Oakland's development-friendly environment, rising construction costs and the long entitlement process still make it exceedingly difficult to get projects approved. 
“Things take longer than anticipated,” California Capital & Investment Group partner Mark McClure said during Bisnow's Alameda County Multifamily and Mixed-Use event in Oakland at the Scottish Rite Center. “You can't get everything done in one cycle.” McClure, who was…
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Daly City Office Sells For $114M
Harvest Properties and an affiliate of Cerberus Capital Management have acquired the nine-story, 383K SF multi-tenant DC Station office building in Daly City. The property sold for about $114.5M ($300/SF), the San Francisco Business Times reports. The seller was Deutsche…
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A Tale Of Three Asset Classes: Office, Retail And Industrial Boom In San Francisco
A mecca for some the U.S.' most iconic tech companies, San Francisco continues to grow, fueled by an influx of young professionals. The growing population will continue to put pressure on a tight commercial real estate market. The Bay Area will…
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Fire Destroys Under-Construction Apartment Complex In Concord
An under-construction apartment complex in Concord caught fire early Tuesday morning, forcing the evacuation of 250 people. The fire started at 1 a.m. at Clayton Road and Galindo Street, engulfing the 180-unit Renaissance Square Phase 2 project from Legacy Partners…
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Westfield's $300M PropTech Spinoff Wants To Give Physical Retail More Power And Data Than AmazonThere is an overlooked aspect of Unibail Rodamco's $16B purchase of Westfield that may be the most interesting part of the deal. |
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Beyond The Bio: Bisnow's 16 Questions With Steiner NYC Chairman Doug SteinerThis series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. Doug Steiner is the chairman of Steiner NYC and the founder of Steiner Studios, a television and film production complex he developed inside the Brooklyn Navy Yard in 1999. The complex opened in 2004, sitting on 26 acres and spanning 580K SF; it is the largest film and television complex east of Hollywood. It is now being expanded by an additional 179K SF, and, once finished, it will contain 1.8M SF on 60 acres. Steiner is also renting out apartments at a 750-unit building called the Hub on Schermerhorn Street in Downtown Brooklyn. Sales at his luxury condominium development on East 12th Street in the East Village launched in 2016. |
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