3rd Quarter Deal Profile

Aegis was engaged to find a specialized R&D facility that was deliverable very quickly. We were able to find a solution that provided the right economic package combined with near-term deliverability.

26225 Eden Landing Road, Hayward, CA

Oakland had been in the running to host a joint center for the three large public agencies, but now appears to be a long shot, even though the Oakland property under consideration — 1100 Broadway in downtown — is much more centrally located than the apparent winner in San Francisco. The Oakland property, a vacant lot on which a 320,000 square foot office tower would be constructed specifically for the three public agencies, is one block from the 12th Street BART station, and is right on a major AC Transit corridor. By contrast, the San Francisco site is nearly a half-mile from the closest BART station.

Ironically, the air district favors the San Francisco spot, even though the agency is charged with protecting the region’s air quality and getting commuters to take mass transit. Air district employees reportedly prefer to stay in San Francisco because many of them live there — particularly high-ranking officials with the agency — and they don’t want to commute to the East Bay.

Berkeley Mayor Tom Bates, who sits on both the air district and the MTC boards, said MTC also favors the San Francisco site because it’s larger, and would allow the agency to recoup some of its investment by renting out part of the building. He said he would prefer that the joint-agency headquarters be located in Oakland, but said the Oakland site is too small. The three agencies not only need office space, but meeting and conference space, along with rentable offices to make the deal work, he said. “I don’t think there’s any choice,” he said. “There’s no real viable option in Oakland.”

Bates said he would have supported a joint headquarters at the Clorox building in Oakland, but then Clorox decided that it wasn’t interested in selling, even though the company has transferred most of its Oakland workers to Pleasanton. The Clorox building had originally bid to host the public agencies, and was one of the finalists — along with the Main Street site in San Francisco and 1100 Broadway. The other two finalists who have since been ruled out were Market Square in San Francisco and the Sears Building in Oakland.

Bates said he expects the air district board to green light the 390 Main Street proposal on Monday. MTC’s board is slated to take up the proposal on July 27. However, there’s no guarantee that ABAG will go along. Bates said ABAG may choose to remain in Oakland, because most of its employees live in the East Bay. ABAG currently shares space with MTC near the Lake Merritt BART station. Combined, the three agencies employ about 620 people.

Oakland Mayor Jean Quan, however, said she is not giving up the fight to host the agencies’ joint headquarters. She said that the original request for bids didn’t make it clear that MTC’s demand for extra space to rent out would become the deciding factor in the selection process. Oakland is now considering offering the shuttered Henry J. Kaiser Convention Center, along Lake Merritt, she said. Like the Main Street spot in San Francisco, the Kaiser center would require major remodeling, but it’s large enough for MTC to rent out part of the space. Quan also said the city is looking at rezoning the Lake Merritt area in a move that would enhance the value of MTC’s current headquarters and potentially convince the agency not to leave.

Published by: East Bay Express,   Thu, Jul 14, 2011 at 10:46 AM, By: Robert Gammon

2Q Deal Profile

Realm Charter School retained Aegis to find a building that could meet a tight, nine-month lead time with a cost effective economic package. This task was complicated by the strict life safety, seismic and zoning requirements for an E-occupancy. Aegis was able to quickly focus on a solution in a constrained market.

 2023 8th Street, Berkeley

San Francisco Business Times – by Blanca Torres
Date: Thursday, June 16, 2011, 1:47pm PDT

Guitar Center, a musical equipment retailer, plans to move into a space formerly occupied by Borders in Emeryville’s Public Market.

The store has signed a lease for 18,000 square feet at 5800 Shellmound St. with landlord TMG Partners. Work is expected to start on the build-out of new location in July.

The former Borders took up about 30,000 square feet in the Public Market, a retail and office complex that is known for its food court made up of various vendors. It also includes office space and a movie theater.

The rest of the Borders space will also be leased. One deal is already pending, said Craig Semmelmeyer, principal of Main Street Properties, who represents TMG on its retail leases at the Public Market.

The Guitar Center has more than 200 stores nationwide. In the Bay Area, it has locations in Concord, El Cerrito, San Francisco and San Jose.

The Emeryville location is expected to open sometime next spring.

The tenant was represented by James Chung and Patrick McGaughey of Terranomics.

Click here to view the article on the Business Times website.

The deal comes six months after Salesforce.com Inc. bought 14 acres in San Francisco’s Mission Bay district, effectively converting 2 million square feet of potential life sciences space into headquarter offices for the cloud computing giant.

It also comes as lease rates are climbing, vacancy rates are falling and tech companies are moving …

Read more: Tech boom spurs more bio building | San Francisco Business Times

It looks as if our new Mayor is out knocking on doors! We LOVE the initiative! Oakland is already home to Pandora, GT Nexus, AskJeeves and Skytide.

1Q11 Deal Profile  

bioNovo engaged AEGIS to find a facility with existing GMP infrastructure in the Bay Area. Within 90 days,  AEGIS was able to find a site with 80% of the necessary GMP infrastructure, negotiate a phased occupancy and commence the construction process. 

4Q10 Deal Profile

Aegis worked on behalf of BioTime to locate a highly specialized life science lab and R&D facility. Based on our research, BioTime determined that modifying and expanding their current facility was the best solution.

1301 Harbor Bay Parkway, Alameda, CA

http://www.theregistrysf.com/

http://www.bizjournals.com/sanfrancisco/morning_call/2011/01/city-eyes-west-berkeley-for-local.html?ana=e_sfbt_rdup