Millennium Tower at 301 Mission Street sells out after 5 years. The tower is the West Coast's most luxurious condo project and showed a 25% return on cost for the $600 milion project. The average Office lease rate in San Francisco in the first quarter 2013 is $50.79, with a vacancy rate of 9.5%. Life Technologies Corp to invest $18m to expand its Pleasanton manufacturing facility. Silicon Valley builder Jay Paul Co buying a downtown San Francisco parcel and plans 52-story, spec tower, next to the Transbay Terminal. TMG Partners to break ground in 2014 on 467-unit apartment project to transform downtown Fremont. Constellation Brands Inc leased 60,000 square feet at 1255 Battery Street, San Francisco. Flurry leased 31,000 square feet at 282 Second Street, San Francisco. http://bayareainvestor.blogspot.com/
Real Estate has long been among the most popular of all investment options, and for good reason. The potential benefits of commercial real estate investment include tax advantages, stable income, portfolio diversification, as well as capital preservation and growth.