Twitter is seeking to “immediately” sublease the entire seventh floor of its Mid-Market headquarters at 1355 Market Street, along with the entire fourth, fifth and sixth floors in the adjacent One 10th Street building. The four Market Square floors total over 180,000 square feet of space and represent nearly... Read More »

Back in 2014, when LinkedIn pre-leased the entire 450,000-square-foot building at 222 Second Street that’s slated to open its doors later this year with room for up to 2,500 employees, its stock was trading around $175 per share. As a plugged-in reader wrote at the time: “For tech companies... Read More »

Square is currently trading at $9.16 per share, which is 16 cents (2 percent) above the deeply discounted price at which it went public and $3.91 (30 percent) below the $13.07 per share price at which it closed its first day of trading with underwriter support in place for... Read More »

Plans to raze the Art Deco warehouse and body shop at 255-265 10th Street and build 50 residential units over parking for 50 cars and 1,000 square feet of new retail space upon the SoMa parcel which is zoned for development up to 55-feet in height were floated nine... Read More »

In an attempt to engineer a big post-offering pop, and avoid an infectious fizzle, Square (SQ) priced its shares, which will start trading Thursday, at $9 apiece. The $9 price is 18 percent below the low-end of the expected range and 42 percent below the $15.46 price at which... Read More »

As expected, Twitter’s Board of Directors has approved cutting up to 336 employees, or roughly 8 percent of its global workforce. And Product and Engineering “are going to make the most significant structural changes,” according to an email to employees from Twitter’s CEO, Jack Dorsey, this morning: “We feel... Read More »

While the number of employees to be let go has yet to be released, Twitter is reportedly planning a round of company-wide layoffs next week.  And according to Re/code, “insiders say it will likely affect most, if not all, departments” (i.e., engineering won’t be spared). Twitter had around 4,200... Read More »

While Twitter is grabbing headlines for the pending departure of CEO Dick Costolo, and Shorenstein is quietly shopping the two Mid-Market buildings in which Twitter is headquartered, we gaze upward at the first renderings for the proposed sky-bridge which would physically connect the Market Square buildings and Twitter’s staff.... Read More »

The ten-story building at 875 Stevenson Street was constructed as an expansion of the San Francisco Mart and Western Merchandise Exchange building at 1355 Market Street in 1975. Recently re-skinned and redeveloped as part of Shorenstein’s Market Square development, and with plans for a 35-foot skybridge to be built... Read More »

With an estimated 2,500 employees in the city, behind Salesforce with an estimated 4,000 and ahead of Twitter with an estimated 1,500, Google is the second largest tech employer in San Francisco. And while rumors of Google’s move to secure either the Transbay Tower (now Salesforce Tower) or Salesforce’s... Read More »