CFAH

Articles Filed Under: Commercial

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The Port In The (San Francisco Office) Storm

“The Port of San Francisco is preparing to reduce its minimum required lease payments to help fill vacant space and compete in San Francisco’s flailing office market….Under proposals due to be considered Tuesday by Port Commissioners, prospective tenants could see monthly rents for Class C space fall from $1.80... Read More »

If You Owe The Bank $100 $90 Million…

While San Francisco’s W Hotel has sold for $90 million (less than half its estimated replacement cost), a “two-year $90 million loan for the 277-room Four Seasons Hotel San Francisco” is now in default. Apparently on purpose. has purposefully stopped making debt payments as a strategy to... Read More »

It’s Biotechnology Hub Interruptus As Pfizer Pulls Out Of Mission Bay

“New York drug giant Pfizer has pulled the plug on plans to open a biotech research center near UCSF’s Mission Bay Campus, a move that deals a blow to San Francisco’s hope of becoming a major biotechnology hub.” ∙ Pfizer drops planned biotech... Read More »

A Half-Price Sale For Class A Commercial Real Estate In San Francisco

“An undisclosed U.S. private-equity firm bought the $40.8 million note on 250 Montgomery St. for about half its face value, according to industry sources. The sale was about 60 percent below the cost of the building, considering the previous price plus improvements.” UPDATE: Details from J.K. Dineen: A private... Read More »

San Francisco Retail Space Update: Vacancy Rate Up Four-ish Fold

According to Colliers International retail broker Ross Portugeis, “San Francisco’s retail vacancy rate leaped in the past year from 3 or 4 percent to 12 or 13 percent” but Portugeis feels the market started stabilizing in May. As always, time and SocketSite will tell. And according to Edward Plant... Read More »

From Renovation To Potentially Razed For 680/690 Folsom

From Renovation To Potentially Razed For 680/690 Folsom

According to J.K. Dineen, TMG Partners’ renovation and redesign of 680/690 Folsom might never see the light of day through those proposed glass curtain walls. Instead, the buildings could be razed to make way for a Moscone Center expansion. While city officials are not ready to discuss the project... Read More »

Transbay Terminal: Banking On Stimulus Funds And Opening In 2015

Transbay Terminal: Banking On Stimulus Funds And Opening In 2015

Banking on $400 million in federal stimulus funds to be announced by the Federal Railroad Administration in October, the Transbay Joint Powers Authority has modified construction plans for San Francisco’s Transbay Transit Terminal. With a first phase originally scheduled to open in 2014 (retail, bus, and park) and construction... Read More »

JustQuotes: It’s A Good Time To Be A New Tenant In San Francisco

“Tenant-starved San Francisco office landlords are laying on the concessions. A new report from the tenant brokerage Studley shows property owners are now shelling out an average of $45 per square foot in concessions to tenants willing to ink a long-term deal. The amount of free rent owners are... Read More »

San Francisco’s New Cruise Ship Terminal Gets A $3.5M Kick Start

San Francisco’s New Cruise Ship Terminal Gets A $3.5M Kick Start

“The prospect of a new San Francisco cruise ship terminal became more real Tuesday when the Port Commission authorized a $3.5 million contract with the city’s Department of Public Works for architectural and engineering work.” Read More »

The 690 Stanyan Project Scoop: Scaled Back To An Interior Gutting

The 690 Stanyan Project Scoop: Scaled Back To An Interior Gutting

A plugged-in reader reports on the proposed 690 Stanyan Project: “The other half had a storewide meeting at Whole Foods last night. It was told to them that the Stanyan Project has been scaled back to be just like the Noe Valley project. No external construction – no condos,... Read More »