AEGIS IS UNDER NEW AEGIS

If you’re visiting AEGIS Realty Partners’ office in Oakland and happen to notice a different name on the door, don't turn back—the tenant rep firm’s been rechristened as Cresa East Bay. Recently we chatted with managing principal Matt Elmquist (left), who leads the new office along with managing principal Scott Stone. Matt tells us they decided to merge AEGIS with Cresa because it’s the largest pure tenant rep firm in the country. “They have a horizontal and vertical reach that we didn’t have as a boutique firm.” When he and Scott started to look at the organization and the people, Matt says the acquisition became even more attractive. Rounding out the new office are VP Stephen Carlson, advisor Frank Palestini, and marketing manager Jennifer Tucker, all formerly with AEGIS.
The office at 555 12th St in Oakland (above) works closely with Cresa San Fran as part of an expansion of Cresa’s presence in the Bay Area. According to Matt, it made sense for Cresa to hang a shingle in the 100M-plus SF East Bay market. San Fran’s been a very active market, driven by tech. “The East Bay mirrors that,” but not to the same extent as the San Francisco and Silicon Valley markets (and without the iconic names like Twitter). But as the markets tighten, there are companies that are considering the East Bay as an alternative. It’s also got a lot of clean tech and product that can house R&D companies—AEGIS did a lot of business, both tenant rep and corporate sales, among high-tech and biotech firms. Matt expects 2012 to be a real shift, with significant vacancies rolling and a lot of winners and losers.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

Stanford Pursuing $100M Fund For A 2M SF Expansion

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Stephen Curry Sells Planned HQ Site Near Warriors' Arena

Renovate Or Raze: K-12 Developers, School Districts Face Difficult Development Choices

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success