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Record-breaking office leases and a large pipeline of housing units marked 2017 in the San Francisco Bay Area. Millions of square feet of office will deliver this year as will thousands of housing units. Bisnow asked 11 Bay Area CRE professionals what they are keeping an eye on in 2018, what challenges the Bay Area still faces and what opportunities are still available. Check out what they had to say below: stok founder Matt Macko
“Here at stok, we expect that the office wellness movement will become increasingly important. To stay competitive, companies need to attract and retain tomorrow's talent. But beyond that, they need to create environments where people can do their best work.…
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Hitachi Vantara Leases Entire Building At Santa Clara Square
Another major tech company has signed a large lease at Irvine Co.'s Santa Clara Square in Santa Clara. Hitachi Vantara, a wholly owned subsidiary of Hitachi, has leased an entire 222K SF building. The cloud and data solutions provider will…
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JV Receives Rezoning Approval For Office Development Near Google's Proposed San Jose Campus
TMG Partners and Valley Oak Partners are one step closer to building over 1M SF of office near Diridon Station in Downtown San Jose. The JV, TMG-VOP Julian, submitted a site development permit application to the city Monday, weeks after it…
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The Beginner's Guide To CRE Tech: 6 Tasks Every Broker Should Automate In 2018The everyday tasks of a commercial real estate broker can be arduous. Consider the constant back-and-forth between phone calls and an endless stream of messages and emails, the overseeing of dozens of property listings and the exchange of documentation between the parties involved in a deal — when juggling so many balls at once, it is easy to forget a task or make a mistake. As commercial real estate tech continues to advance and new solutions hit the market that make the act of trading and managing commercial properties more efficient, it is making brokers' lives much easier. |
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End-Of-Year Boost In Hotel Stock Index Sparks Investor Optimism For 2018U.S. hotel stocks ended the year on a high note, encouraging investors to remain optimistic about the sector's 2018 performance. "Investors remain upbeat about the potential for better [revenue per available room] growth in 2018 given the strong macroeconomic backdrop and several additional potential demand-related tailwinds,” Baird Senior Hotel Research Analyst and Vice President Michael Bellisario said in a statement. This jump in stock performance follows a major slowdown experienced during the first half of last year. Heavy competition due to an onslaught of new supply and home-sharing behemoth Airbnb led to a slowdown in occupancy and hit revenue per available room pretty hard in the beginning of last year. That slowdown, though still down compared to historic standards, corrected itself by Q3. |
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