June 6, 2017

As Rents Rise, Can Developers Attract Residents, Employers To SoMa?

An influx of tech jobs has flooded into San Francisco's South of Market within the last few years. But much like the rest of San Francisco, SoMa is posting record-high rents and a lack of affordable housing. Amid rising office rents and housing prices, many residents and employers have started to look outside of San Francisco.

Developers, consultants and city officials discussed San Francisco's housing and office challenges and what makes SoMa an ideal place for employers and residents during Bisnow's recent Future of SoMa & Transbay event. The Central SoMa Plan will help accommodate more housing…

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Alameda County Files Criminal Charges Against Two In Connection With Ghost Ship Fire

Local authorities arrested two individuals Monday in connection with the Ghost Ship warehouse fire in Oakland. Alameda County prosecutors have charged master tenant Derick Almena and creative director Max Harris with 36 counts of involuntary manslaughter, which could result in…

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Tishman Speyer Goes High-Tech To Sell Lumina Condos

Tishman Speyer has partnered with Decorist to provide 3D renderings and virtual reality technology to showcase options for two- and three-bedroom floor plans at Lumina, its luxury tower in San Francisco. Decorist Designers Tamara Honey, Will Wick, Consort and Martin…

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Student Housing's 'Economic Resilience' Will Continue To Drive Record Foreign, Domestic Investment In U.S. Assets

As millennials' pursuit of higher education fuels demand for student housing, institutional investors — including private real estate funds, pension plans and sovereign wealth funds — are increasingly stepping in.

A wave of capital flooded the industry last year. Investors poured more than $10B into U.S. student housing assets in 2016, making it the largest transactional year in history, according to ARA Newmark Student Housing Group's 2016 Market Overview report.

The alternative asset has been dubbed "recession proof" because it is not as susceptible to economic volatility as traditional sectors. 

Read full story here.

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U.S. Office Vacancy Rose In Q1 For The First Time In Seven Years

After a seven-year stretch of shrinkage in the national vacancy rate, the U.S. office market experienced a rare uptick in vacancy during the first quarter of 2017.

Vacancy increased 10 basis points to 13% in Q1, according to CBRE, but the upward trend is expected to be more than just a blip. CBRE predicts that the national vacancy rate will rise to 13.1% by the end of 2017 and 13.3% by the end of 2018.

"We are expecting vacancy will continue to rise over the next couple of years," CBRE Americas head of office research Andrea Cross said. 

Read full story here.

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San Francisco 06.21.2017
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NorCal Student Housing & University Development
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Percival Vaz
AMCAL Housing
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UC Hastings
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San Francisco State University
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San Francisco 07.12.2017
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Peninsula New Frontiers and CRE Outlook!
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Universal Paragon
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Got News? Email Bay Area Reporter Julie Littman at julie.littman@bisnow.com!