The Seller acquired this 24-story office building, built in 1988, back in 2005 for $314/rsf so the discount is not as bad as some of the other recent Class A office sales in San Francisco, where the original purchase back in 2018 or 2019 was in the $500-700/rsf range…still, just another sign that our market…Read More→

Two positive news releases just out regarding the San Francisco office market…the Transamerica Pyramid, which has gone through the first phase of a $250 million dollar renovation, just signed a 123,000 square foot long-term lease with the law firm Morgan Lewis & Bockus LLP.  This landmark office building is asking $300 per annual square foot…Read More→

There are a number of major factors that might prevent to return of a healthy office market. The pandemic showed corporations that they can be extremely profitable even with many of their employees working from home, and even though many companies now have RTO mandates ‘the toothpaste once out of the tube can be hard…Read More→

Globest.com reported that the 3,165-unit apartment complex in San Francisco, Parkmerced, is in default after the owner, Maximus Real Estate Partners defaulted on a $1.5 billion dollar loan backed by the complex.  There have also been articles like one in the March 20, 2025 Business Times “Paramount wrote the value of its investment in the…Read More→

I’ve been predicting that the private industry and government mandates that office workers return to the office will boost occupancy from the current 50% to 60% but not bring back pre-Covid levels is being born out. BisNow reported on March 10, 2025, that the average office foot traffic is 64% of 2019 levels and average…Read More→

According to the San Francisco Business Tims February 28, 2025, “A majority of San Francisco business leaders said their companies have plans to expand their offices in the city as they both push for more in-person work and grow headcount, according to a survey by KPMG. Three-quarters of the 100 San Francisco-based executives surveyed by…Read More→