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Illumina's newest campus in Foster City has a feature many traditional life science buildings do not have: collaborative work and lab spaces. 
The Foster City campus, which officially opened April 2, incorporates collaborative work environments from its 40K SF amenity building to its outdoor areas and two 151K SF office and R&D buildings. “Everything we do is collaboration,” Illumina Chief Information Officer and Head…
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South San Francisco Developer Completes $384M In Refinancing
Phase 3 Real Estate Partners has secured $384M in refinancing for its Genesis North and South Towers in South San Francisco. The two office and life science towers total about 718K SF. HFF represented Phase 3 Partners during the transaction.…
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Affordable Housing Complex In Walnut Creek Nears Completion
A new affordable housing complex is gearing up for occupancy in Walnut Creek. Resources for Community Development will begin accepting applications for its Riviera Family Apartments in April with residents expected to move in starting in September. The nonprofit developer…
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The Business Case For Hiding Your Building's Coolest FeaturesNot since Scooby-Doo or The Haunted Mansion at Disney World have hidden spaces been so cool. All around the country, bars, retailers and other businesses are incorporating architectural elements that lead to concealed passageways. A coffee shop in Charlotte, North Carolina, has a bookshelf along the wall that, when the proper book is selected, opens a hidden door to an apparel company. An architecture and design firm in Denver uses a secret bar to test out furniture, lighting and other design elements for its clients. A San Francisco theater has created a Prohibition-era experience for its customers, including hidden passageways and rooms. |
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RealPage Chief Economist: Multifamily Completions 'Likely To Modestly Surpass Product Absorption In 2018'The U.S. apartment market's performance stumbled during Q1, with occupancy sliding to 94.5% in March, down from 95% a year earlier, according to data by real estate tech and analytics firm RealPage. Rent growth cooled as well, coming in at a 2.3% increase year over year, the company said. That is the slowest pace of increase since the market started its long run of prosperity in 2010. “While economic and demographic influences [regarding] demand capacity point to a strong appetite for apartments during this year's prime leasing season, completions appear likely to modestly surpass product absorption in 2018," RealPage Chief Economist Greg Willett said. |
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Bisnow's 5 Tips For More Effective CRE Marketing
In the last 10 years, Bisnow has grown from a single e-newsletter sent to one person's personal email address book to the largest CRE media outlet in North America, Canada and the U.K. To build its subscriber base, Bisnow adopted…
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