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To: All NKF NorCal Brokers & Staff
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Below are links to recent news generated by our regional broker teams, thought leaders and award winners.
Thank you ALL for participating in creating higher awareness for our powerful brand by sharing stories, collaborating with the PR & Communications team and maintaining your continued enthusiasm.
To check out all PR & Communications services click HERE.
Mike Kirner, Director of PR & Communications, Northwestern Region
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NOTABLE WINS & TRANSACTIONS
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John McCulloch (SF), Mark Leary (SF), Rob LeDoux (SF), Ramsey Daya (SF), Chris Mortiz (SF), Travis Bailey (SF)
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| NKF Advises on Largest Multi Family Deal in Redwood City History: $326MM |
 Globe Street, 8/16/19
Bisnow, 8/13/19
Mercury News, 8/13/19
Connect Media, 8/12/19
Blau Journal, 8/12/19
San Mateo Daily Journal, 8/6/19
San Francisco Business Journal, 7/26/19
Blu Harbor, a 402-unit apartment community located in Redwood City, CA, has traded hands for nearly $326 million. Boston-based GID acquired the asset from a partnership between Denver-based Pauls Corporation and New York-based Fortress Investment Group. According to available NKF Research Data, this is the largest multifamily sale in Redwood City’s history and the largest in San Mateo County in the last five years, by total price. Overall, and this includes office building sales, this is the second largest deal in Redwood City this year... |
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Christian Prelle (PA), Carter Lyman (PA), Graham Woodall (SM), Jeff Rodgers (SJ), Josh Rowell (SM), Craig Kalinowski (SM), Lauren Whitlock (SF), Liz Hart (SF), Mike Saign (SJ), Phil Mahoney (SJ), Anne Ralston (SJ), Joe Kelly (SJ)
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| Newmark Knight Frank Sees Tech Drive Peninsula Office Market |
Bisnow, 10/15/19
Two veteran developers are bullish enough about the Silicon Valley economy that they have launched a brand-new office building in Sunnyvale that would sprout within a mile of an increasingly busy train station... |
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Phil Mahoney (SJ)
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| New Office Tower Gets Underway in Downtown San Jose |
Mercury News, 10/3/19
A new office tower has been launched in downtown San Jose by a veteran developer, a billion-dollar endeavor that is one of two projects that are poised to banish a decade-long drought for office high rises in the Bay Area’s largest city. Jay Paul Co. has begun construction on an office high rise at 200 Park Ave. near South Almaden Boulevard, according to Phil Mahoney, an executive vice chairman with commercial real estate firm Newmark Knight Frank and one of the brokers who is scouting for tenants to lease the project... |
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Tyler Meyerdirk (SF)
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| 1700 Broadway in Oakland For Sale |
The Registry, 9/25/19
Two years and a round of extensive renovations later, HP Investors and LNG Management have placed 1700 Broadway, a ten-story, 31,500 square foot office building within downtown Oakland’s Uptown District, on the market... |
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Nicholas Bicardo (SF), Brandon Rogoff (SF)
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| Necessity-Driven Tenants Dominate Neighborhood Centers |
Globe St, 10/3/19
Neighborhood centers, especially grocery-anchored ones, continue to outperform other retail centers due to the inherent Internet-resistant nature of that type of asset. In a recent example, an institutional investor making its first retail acquisition in Northern California has purchased Creekside Center, a 112,092-square-foot neighborhood shopping center... |
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Knute Bucklew (WC), Danny Bartz (WC), Jeff Lahr (OAK), Jim Clark (OAK), Zach Smith (OAK), Paul Mueller (OAK), Spencer Jenkins (OAK), Jonathan Tomasco (OAK), Will Scovill (SF)
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| East of the City |
NKF NorCal Spotlight Blog, 10/7/2019
With offices throughout the Bay Area, Newmark Knight Frank is involved in hundreds of commercial real estate transactions, sales and leases every single year. Below are deals which recently closed in the cities of Walnut Creek, Oakland, Pleasanton, Hayward, Richmond and Concord... |
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Phil Mahoney (SJ)
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| 1/4th of World's Rich Live in California |
| Forbes, 10/5/19 America’s most populous state is also home to the largest number of people on The Forbes 400 list of richest Americans. Collectively, the 99 California-based billionaires on the 2019 Forbes 400 are worth $690.9 billion, an all-time record and up from the $624.4 billion held by the 92 Californians on last year’s list...
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Andrea Arata (SF)
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| Local Market Remains Insulated From Wobble in the Economy |
Globe Street, 10/3/19
NKF NorCal Spotlight Blog, 10/5/19At the end of the third quarter, the overall vacancy rate dropped 40 basis points to 2.8% and overall availability dropped 70 basis points to 7.8%, while demand of 7.6 million square feet outpaced supply. Vacancy is expected to stay low, and supply and demand will remain unbalanced until at least 2022 or 2023, pushing asking rates, which increased 8.9% year-over-year to $82.23 per square foot...
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Anne Ralston (SJ)
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| Office Market Sturdy in Silicon Valley Amid Jobs Surge |
| Mercury News, 10/17/19 A large number of new construction projects are expected to be completed in the final three months of 2019 and the first three months of 2020, Newmark Knight Frank stated in its third-quarter report.
“This availability, combined with a number of large tenants looking to migrate to the South Bay from markets further north, gives a positive outlook for the Silicon Valley office market,” said Anne Ralston, a senior managing director with Newmark Knight Frank...
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Steve Kapp (OAK)
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| Steve Kapp Judges at CRE TECH Awards |
| cretech.com, 9/5/19 On September 5th, cretech.com, the largest event, data and content platform in the commercial real estate tech industry, announced the winners of the 6th Annual real estate tech-awards in New York. Sponsored by a distinguished group of leading VCs, investors, industry thought leaders and corporate real estate executives were the judges for this annual awards competition, considered the most coveted in the industry...
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Phil Mahoney (SJ)
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| Google Leased Mountain View Office Building Entices Big Investors |
| Mercury News, 9/13/19 A Google-occupied office building in Mountain View has been bought by a billion-dollar real estate investment firm, in a deal that underscores a robust Silicon Valley economy and property sector...
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Ellen Yang (Cupertino)
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| Women in Construction USA Hosts Major Convention in SF |
| Women in Construction USA, 9/18/19 Women in Construction USA is part of the world's largest conference series dedicated to driving gender diversity and empowering women. The annual conference empowers attendees with practical tools to tackle both personal and professional hurdles. It provides deep insight into how diversity is the answer to the industry’s biggest challenges...
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Dan Chamberlain (SAC)
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| With Space Dwindling, Office Rent Prices Expected to Spike in Downtown Sacramento |
| Bisnow SF, 8/29/19 Life science average asking rents are steadily approaching $70 per SF, according to research from brokerage Newmark Knight Frank, and the fanciest of amenities (Zen garden, anyone?) can only do so much. So, more life science developers and tenants see the East Bay as an increasingly attractive option...
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AWARDS & RECOGNITION
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Liz Hart (SF)
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| Vice Chairman Liz Hart Wins Prestigious National Globe Street Award |
NKF NorCal Spotlight Blog, 10/11/19
Globe Street, 10/11/19
With a record number of submissions this year, Globe Street’s 50 people under 40 are business superstars who have stood out from the pack and will likely be at the helm of the organizations of the future. These individuals have a solid track record in the business, not just including transaction volume but also for their contribution to their company’s overall success... |
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Steven Golubchik (SF)
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| Vice Chairman Golubchik Wins Silver in Sales Broker of Year Awards |
Commercial Property Executive, 10/4/19
CPE Announces the Distinguished Achievement Award Winners. The annual awards program honors the industry's outstanding transactions, projects and people...
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Nancy Morse (SJ), Jill Arias (SM), Jennifer Essner (SF)
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| Nancy Morse, Jill Arias and Jennifer Essner win the 2019 Northern California Real Estate (NCRE) Women of Influence Award |
NCRE, 10/5/19
NKF NorCal Spotlight Blog, 10/5/19
The award recognizes women across the commercial real estate industry— brokers, builders, designers, developers, lawyers, lenders and owners. Nancy Morse won the Hall of Fame award and Jill Arias and Jennifer Essner both won the Honoree award...
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OTHER NEWS
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Nick Bicardo (SF), Brandon Rogoff (SF)
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| German Investors Buy 2 Parking Garages for $45,000,000 |
Costar, 9/25/19
Betting on Atlanta’s love affair with cars not to lose momentum, a commercial real estate firm backed by German investors has acquired two large parking garages attached to the Underground Atlanta submerged retail center... |
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SPONSORSHIP NEWS
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| NKF Power Brokers Win Season Opener 5-1 |
NKF NorCal Spotlight Blog, 10/18/19
On October 17, co-ed soccer enthusiasts from nationalities across the globe were part of the inaugural NKF Power Brokers game in San Francisco. With an impressive 5 -1 victory over the Fog Dogs, the NKF Power Brokers put on an unrelenting display of soccer fire power. The team was formed to celebrate the awesomeness of Team USA Women’s National Soccer, multi-cultural diversity, equality and collaboration in the workplace and the soccer pitch. According to NKF Executive Vice President, Chris Lemmon, “What I like especially about this initiative, is we’re not simply sponsoring some local soccer team and then hoping to get some exposure; we are tying this into ALL the relevant issues that are part of a modern and diverse workplace environment.”... |
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The Registry: Women in Focus - Personal Mentorship Stories 10.22.2019 | San Francisco, CA
Bisnow: Building a Better City 10.22.2019 | San Francisco, CA
SF Business Times: Peninsula Structures 10.24.2019 | San Mateo, CA
NAIOP: Behind the Scenes - 601 City Center Tour 10.24.2019 | Oakland, CA
Bisnow: Bay Area Hospitality Summit 10.24.2019 | San Francisco, CA
Sacramento Business Journal: BizDev - Profitable Prospecting 10.29.2019 | Sacramento, CA
CREWSF: Membership Madness Rooftop Social 10.30.2019 | San Francisco, CA
NAIOP: Real Estate Insider - Debt Capital Markets 11.6.2019 | San Francisco, CA
CREWSAC: Women in Commercial Real Estate 11.6.2019 | Sacramento, CA
Bisnow: Bay Area Modular Construction Summit 11.5.2019 | San Francisco, CA
CREWSV: A Tale of 3 Cities 11.12.2019 | San Jose, CA
Bisnow: Multifamily Annual Conference (BMAC) NorCal 11.13.2019 | San Francisco, CA
CREWSF: Holiday Benefit 11.13.2019 | San Francisco, CA
Bisnow: Sacramento State of the Market 11.14.2019 | Sacramento, CA
CREWSV: Members Only - Lunch & Learn 11.19.2019 | San Jose, CA
CoreNet: Young Leaders 11.19.2019 | San Francisco, CA
Bisnow: DICE West '19 11.21.2019 | San Jose, CA
NAIOP: SF Bay Area Dealmakers Uncorked 11.21.2019 | San Francisco, CA
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NKF NorCal Notable Deals Release
10.14.2019 | San Jose, CA Brian Barnes (SAC), Liz Hart (SF), Andy Hueser (SJ), Craig Kalinowski (SM), Joe Kelly (SJ), Carter Lyman (PA), Phil Mahoney (SJ), Ken Noack (SAC), Christian Prelle (PA), Anne Ralston (SJ), Jeff Rodgers (SJ), Josh Rowell (PA), Mike Saign (SJ), Lauren Whitlock (SF), Graham Woodall (SM)
NKF NorCal East Bay Notable Deals Release
09.17.2019 | East Bay, CA Danny Bartz (WC), Knute Bucklew (WC), Jim Clark (OAK), Tom Fehr (WC), Spencer Jenkins (OAK), Jeff Lahr (OAK), Breck Lutz (WC), Jeff Morgenstern (WC), Paul Mueller (OAK), Mike Saign (SJ), Will Scovill (SF), Zach Smith (OAK), Tom Southern (OAK), Jonathan Tomasco (OAK)
Embarcadero Capital Partners and PCCP Acquire Landmark ±472,000 SF Silicon Valley Campus
07.24.2019 | Silicon Valley, CA Jeff Arrillaga (SJ), Shawn Kellenberger (SJ), Mike Saign (SJ)
Newmark Knight Frank Advises on $36,250,000 Multifamily Sale in Sacramento
07.9.2019 | Sacramento, CA Zachary LeBeouf (WC), Anthony Pappageorge (WC)
NKF Arranges $167M Floating-Rate Construction Loan for Development of Stanly Ranch in Napa Valley
07.2.2019 | Napa Valley, CA Chris Kramer (NY), Jordan Roeschlaub (NY), Nick Scribani (NY), Dustin Stolly (NY)
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One Sansome Street Suite 4100, San Francisco, CA 94104 415-445-8888
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
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