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Showing posts from May, 2013

May 2013 Bay Area Real Estate News

Whole Foods Market debuts its new 136,000 square foot storage and distribution center in Pinole Point Business Park, Richmond. San Francisco to deliver 6 speculative office buildings from 2014-16 totaling 3.5 million square feet of new space. Tenants are now in the market for 5.2 million square feet. CBRE Investors to sell three Oakland of five Oakland office buildings comprising 555 12th Street (487,000 SF), 1300 Clay St and 505 14th St (both totaling 367,357 SF). SF Investments LLC purchased 995 Market St, San Francisco, the former Burning Man headquarters building, for $17m, just under $200 psf. Demolition starts on Market St, San Francisco to make way for a 250,000 SF retail shopping center due to open in 2015. The East Bay industrial market is in full recovery with sales and leasing nearing pre-recession levels. Developers restarting plans for the old paint plant in Emeryville to make way for 500 homes and retail. New hotel projects begin to trickle back into San Fr