Square Feet

Cornish & Carey Merging with Newmark Knight Frank

squarefeet — Wed, 04 Aug 2010 19:21:03 +0000

Newmark Knight Frank and Cornish & Carey have announced that they are merging their Bay Area operations. Given the change in the brokerage landscape which has taken place over the past few years, it’s not surprising that Cornish finally decided to align itself with a name which can provide a larger national and international presence. [...]

Prudential US Quarterly Update on Commercial Real Estate

squarefeet — Thu, 29 Jul 2010 14:16:31 +0000

Prudential is out with its quarterly update on US CRE. Values have increased (in some cases dramatically), capital markets are opening up, and volume is gaining. All is great, except the fundamentals are still broken; job growth is anemic. Report embedded below. US Q July 2010_ PRU

AOL Puts Up 130K For Sublease

squarefeet — Tue, 27 Jul 2010 14:49:13 +0000

That was quick. AOL takes down 225K, puts up 130K for sublease. Asking $2.95 NNN. Flyer below.

AOL Takes Down 395 Page Mill Road

squarefeet — Fri, 23 Jul 2010 04:11:28 +0000

AOL has subleased the entirety of 395 Page Mill Road from Google. The 225,000 Class A Office/R&D building had been leased by Google (from Jay Paul) several years ago though it was never occupied. The deal represents a fairly good value in Palo Alto’s tight market, though it’s not clear if AOL will absorb all the space [...]

A Quick Thought on Carried Interest

squarefeet — Fri, 04 Jun 2010 09:30:19 +0000

John Reeder over at MarketWi.Se has a post up with some of his views on the carried interest tax as well as those of Fred Wilson, a prominent venture capitalist. There has been a lot of debate about this tax, and I’ve even posted a couple times here and there on the issue. Much of the [...]

Let The Feeding Frenzy Begin: Parkmerced In Default

squarefeet — Wed, 26 May 2010 08:02:35 +0000

Multifamily investors have been and continue to run around like addicts looking for their next fix. So surely there will be a frenzy to get a chomp at the bit of Parkmerced, the 116-acre San Francisco apartment community which has apparently gone to special servicing. Parkmerced is essentially the StuyTown of San Francisco. [via SF [...]

Prudential’s Case for CRE

squarefeet — Wed, 26 May 2010 07:08:54 +0000

Prudential has released a mini-report titled “Revisiting the Case for Commercial Real Estate”. It covers all the basics but surprisingly keeps the Challenges & Risks to a brief five paragraphs. It talks about interest rate risk, but doesn’t talk about the credit rating of the US. It talks about the financing gap but doesn’t go [...]

Not Much To Say

squarefeet — Tue, 25 May 2010 14:52:31 +0000

Bad news on the heels of bad news. There are pockets of strength here and there, but overall the sentiment is what drives the equity markets and it seems we’ve reached a point where the self-fulfilling prophecy is achieved by a bunch of machines. Sprinkle in reckless spending and it won’t take long for things [...]