ZURICH

Zurich presents an eye-opening white paper: ?Protecting Your Vacant Building.? The research explores how to reduce the common risks and become more aware of coverage pitfalls. According to the paper, one of the side effects of the economic downturn is the increase in vacant buildings—and the increase in claims on those properties, due to hazards and crime. Many property owners don't realize that insurance coverage on vacant property does not last long (most often only 60 days). The paper suggests that even the term ?vacant? can be misinterpreted and shows you how to properly define it. For more info on how you can benefit, visit our sponsor Zurich here.
FINANCING CBRE arranged nearly $8M in financing for a 67k SF mixed-use building, Third and Jefferson, in Oakland's Jack London Square neighborhood. Jim Korinek, John Nelson, and Michael Walker of the debt & equity finance team originated the loan on behalf of Metrovation. It's non-recourse with a fixed rate for 10 years.

BUSINESS

Thornton Tomasetti acquired the San Francisco-based sustainability consulting firm Simon & Associates, gaining a greater presence on the West Coast as well as LEED-ND capabilities. Lynn Simon, who founded the firm in 1994, will lead Thornton Tomasetti's building sustainability practice on the West Coast as an SVP.

AWARDS

CBRE executive managing director Sven Pole received the Corporate Real Estate Service Provider of the Year Award from CoreNet Global?s NorCal chapter. Sven is the most recent past president of the chapter, where he's leading an effort to launch a

high-tech occupier sponsored research program.

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

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Orchard Partners Selects JLL To Market 892K SF Manufacturing Campus In Brisbane: The San Francisco Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Hudson Pacific's Historic San Francisco Conversion Project Gets Approval

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC