Bay Area Companies Make Big Plays
For Larger HQs In 2017
From Apple to Facebook and Google, the Bay Area is a prominent region for companies to set up their headquarters. These tech giants are not the only major companies moving headquarters and expanding their Bay Area footprints. An active year of leasing throughout the Bay Area led to companies finding bigger spaces, consolidating and moving to locations with cheaper rents and closer to where employees live.
Check out some of the recent headquarters moves from several prominent companies in the Bay Area:
Hewlett Packard Enterprises
Current Location: Palo Alto
New Locations: 3333 Scott Blvd., Santa Clara; 211 River Oaks Parkway, San Jose; 900 North McCarthy Blvd., Milpitas
HPE is moving from Palo Alto into several locations in the South Bay. Its head offices will transition to…
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Bay Area's Industrial Markets Heat Up During Q4 With Flurry Of Transactions
It has been a particularly active Q4 for the Bay Area's industrial markets. With single-digit vacancy rates throughout the Bay, space is in high demand, rents are rising and developers are filling up space as fast as they build it. Investors are buying in and construction is well underway on several large projects throughout the East Bay.
Check out some of the newest projects and recently closed transactions so far this quarter:
Bayside Business Park
BKM Capital Partners and Canyon Partners Real Estate acquired the 294K SF multi-tenant portfolio within the Fremont business park. The acquisition is BKM's third investment completed this year through a JV with Canyon Catalyst Fund, the CalPERS real estate emerging…
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Planning Commission Approves Trammell Crow Residential's Mixed-Use Housing Project In Mid-Market
The San Francisco Planning Commission recently approved a mixed-use project in South of Market developed by Trammell Crow Residential. The $95M project designed by KTGY Architecture + Planning will be at 360 Fifth St. and include 127 apartments and over…
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Build Inc. Proposes New Residential Tower In Mid-Market
Build Inc. and equity partner Vanke have submitted plans to build a 35-story, 400-foot-tall residential tower in San Francisco on a surface parking lot owned by Nordstrom. The plans for 469 Stevenson St. include 454 units that range in size…
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Yardi: These U.S. Markets Will Add The Most Office Real Estate In 2018
The office market is poised for change in the coming year, with some markets set to experience more transformation than others.
An estimated 347 buildings and close to 75M SF of new office space are on track to come online across the U.S. in 2018 — these five cities in particular are projected to deliver the most office development next year, according to CommercialCafé's analysis of Yardi Matrix data.
New York
New York is expected to be the top city for office development with 15 buildings and 6.8M SF under construction. The city has two of the largest projects coming online next year. One project is the 80-story 3 World Trade Center tower,…
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The Beginner's Guide To CRE Tech: How Blockchain Could Transform Industrial Real Estate
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Going Green: The Evolution Of Building Sustainability And Certification Systems
Make no bones about it. Americans work a lot.
With most of the population clocking an average 40 to 50 hours per week and spending an estimated 90% of their time indoors, ensuring the health and well-being of employees has become essential for modern-day businesses.
While building certification systems have been around for more than a decade, they have more recently grown in popularity as the trend of wellness is embraced by corporations across the country. In the push for better buildings and a healthier workforce, LEED, WELL and Fitwel have emerged as trusted methods to evaluate an office building and its suitability for companies and their employees.
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