Regions West | San Francisco
San Fran Retail Sector Stays Strong
July 10, 2008

As payroll expansion moderates and equity spending further diminishes, retail sales in San Francisco are not projected to reach the robust levels attained in recent years, according to a second-quarter Retail Research Report by Marcus & Millichap. Local employers are expected to add approximately 10,000 workers, a 1 percent gain. Builders are projected to bring 300,000 square feet of new space online in 2008. Vacancy is forecast to end the year at 4.3 percent. Asking rents are predicted to climb 2.4 percent to $34.38 per square foot this year. Effective rents will advance to $31.79 per square foot, a 2.3 percent gain.

 
Recent San Francisco Headlines
torrey pines HCP Completes Integration of $3B Slough Portfolio
Oct. 01, 2008
About six weeks after concluding its offering of 14.95 million shares of common stock, Long Beach-headquartered HCP Inc. has completed the integration of its $3 billion acquisition of Slough Estates USA Inc. that closed in August 2007. The Slough portfolio is primarily located in San Diego and San Francisco, two of the three largest life science clusters in the country.
AvalonBay Nets Its Largest Bond Financing for San Fran Mixed-Use
Sept. 26, 2008
AvalonBay Communities Inc. has received $135 million in financing--the multi-family REIT's largest bond financing ever closed--to fund construction of Avalon Walnut Creek at Contra Centre, a $400 million mixed-use, transit-oriented development next to the San Francisco Bay Area Rapid Transit’s Pleasant Hill Bay station.
transbay Hines Proposes $235M for Transbay Tower Parcel in San Francisco
Sept. 25, 2008
Real estate firm Hines and equity partner MetLife Real Estate Investments have settled on terms with the Transbay Joint Powers Authority for an Exclusive Negotiations Agreement for Transbay Tower, a 1.6 million-square-foot office high-rise Hines plans to develop in San Francisco.
555 mission Construction of 670,000 SF San Francisco Office Building Wraps Up
Sept. 24, 2008
Just under two years after its groundbreaking, the office building at 555 Mission St. in the burgeoning Mission Street Corridor of San Francisco's South Financial District has reached completion.
Silicon Valley M-F High-Rise Gets Fannie Mae Financing
Sept. 23, 2008
Vendome Place, an upscale apartment community in San Jose, Calif., has been refinanced to the tune of $12.4 million.