News
AEGIS IS UNDER NEW AEGIS
January 18, 2012
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| If you’re visiting AEGIS Realty Partners’ office in Oakland and happen to notice a different name on the door, don't turn back—the tenant rep firm’s been rechristened as Cresa East Bay. Recently we chatted with managing principal Matt Elmquist (left), who leads the new office along with managing principal Scott Stone. Matt tells us they decided to merge AEGIS with Cresa because it’s the largest pure tenant rep firm in the country. “They have a horizontal and vertical reach that we didn’t have as a boutique firm.” When he and Scott started to look at the organization and the people, Matt says the acquisition became even more attractive. Rounding out the new office are VP Stephen Carlson, advisor Frank Palestini, and marketing manager Jennifer Tucker, all formerly with AEGIS. |
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| The office at 555 12th St in Oakland (above) works closely with Cresa San Fran as part of an expansion of Cresa’s presence in the Bay Area. According to Matt, it made sense for Cresa to hang a shingle in the 100M-plus SF East Bay market. San Fran’s been a very active market, driven by tech. “The East Bay mirrors that,” but not to the same extent as the San Francisco and Silicon Valley markets (and without the iconic names like Twitter). But as the markets tighten, there are companies that are considering the East Bay as an alternative. It’s also got a lot of clean tech and product that can house R&D companies—AEGIS did a lot of business, both tenant rep and corporate sales, among high-tech and biotech firms. Matt expects 2012 to be a real shift, with significant vacancies rolling and a lot of winners and losers. |
