Imported from Allen Matkins

Multi-Family Markets Continue to Grow

Tue, 24 Jul 2018 17:00:00 GMT

Developer expectations in the Multi-Family market have remained steady since the last report in January. In the Bay Area, even though the survey panel predicts that the market will be slightly softer in three years, approximately 80 percent of all developers have plans to start at least one new project this year—a 63 percent increase from last year. Demand remains strong in Southern California, where three-fourths of the survey panelists are planning new projects.

Allen Matkins View From the Top: Interview with Kevin Shannon of Newmark...

Fri, 10 Nov 2017 16:00:00 GMT

2017 View From the Top interview with Kevin Shannon, President, West Coast Capital Markets, of Newmark Knight Frank. He discusses the the hottest markets for office.
Learn more: http://www.allenmatkins.com/vftt

Jeffrey Moore

Mon, 27 Mar 2017 17:00:00 GMT

Lindsay Parton

Mon, 27 Mar 2017 17:00:00 GMT

2013 Allen Matkins View From The Top Overview

Mon, 27 Mar 2017 17:00:00 GMT

The Sixth Annual Allen Matkins View From the Top featured industry leaders who provided a review and forecast on the national real estate industry.

2013 Allen Matkins View From the Top - John B. Kilroy, Jr., Kilroy Realty...

Mon, 27 Mar 2017 17:00:00 GMT

Behind the scenes with John B. Kilroy, Jr. of Kilroy Realty Corporation at the 2013 Allen Matkins View From the Top.

Bisnow/Allen Matkins San Diego Multifamily - Mark Gleiberman, MG Properties...

Mon, 27 Mar 2017 17:00:00 GMT

View From the Top 2015: Overview

Mon, 06 Mar 2017 16:00:00 GMT

http://www.allenmatkins.com
Leaders of the commercial real estate industry addressed the current state of the market and the trends ahead at the 8th Annual Allen Matkins View From the Top.

BEN KOCHALSKI - View From the Top - Looking for Transit-Oriented Development

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Ben Kochalski, Senior VP, The John Buck Company

- Bay Area rent growth slowing down
- Excitement over Park Tower at Transbay in San Francisco

ROBERT PARRATE - View From the Top - Needs of Technology Tenants

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Robert Parrate, Executive Vice President, Kilroy Realty Corporation.

Parrate discusses:
- Demand for space in San Francisco
- Kilroy development projects

RAYMOND RITCHEY - View From the Top - Steady Demand, Especially for Best of...

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top Interview with Raymond Ritchey, Senior Executive Vice President, Boston Properties

Ritchey discusses upcoming projects

KEVIN SHANNON - View From the Top - Capital is Nervous

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Kevin Shannon, President, Newmark Grubb Knight Frank.

Points:
- The market is nervous because the recovery has gone on so long
- Vacancy rates are going down

2015 Northern California Real Estate Women of Influence

Mon, 09 Nov 2015 16:00:00 GMT

Allen Matkins and San Francisco Business Times proudly sponsored the 2015 Northern California Real Estate Women of Influence, held at the Intercontinental in San Francisco. The event honored women who have broken gender boundaries by making significant impacts in commercial real estate, and have contributed to the advancement of other women in this very competitive industry—from seasoned Hall of Fame inductees to up-and-coming industry Rising Stars.

Allen Matkins View From the Top - John Kilroy, Kilroy Realty Corporation

Mon, 21 Sep 2015 17:00:00 GMT

Allen Matkins View From the Top - Christopher Meany, Wilson Meany

Mon, 21 Sep 2015 17:00:00 GMT

Allen Matkins View From the Top - Steve Eimer, Related Urban

Mon, 21 Sep 2015 17:00:00 GMT

Allen Matkins View From the Top - Alexa Arena, Forest City Enterprises

Mon, 21 Sep 2015 17:00:00 GMT

Downtown Los Angeles Grows, But in the Shadow of the West Side

Thu, 13 Aug 2015 17:00:00 GMT

Los Angeles, especially downtown LA, has become extremely attractive to developers. Even though pricing and competition has increased, developers remain bullish. To understand these trends, we spoke to industry experts.

For more insights, check out the Allen Matkins | UCLA Anderson Forecast - California Commercial Real Estate Survey: http://www.allenmatkins.com/ucla

California Housing Shortage Spurs Demand for Multi-Family Construction

Thu, 13 Aug 2015 17:00:00 GMT

Here in California a combination of migration, economic growth, millennial lifestyles, and growing transit options has attracted new demands for the development in multi-family housing. We spoke to our experts to make sense of these trends.

For more insights, check out the Allen Matkins | UCLA Anderson Forecast - California Commercial Real Estate Survey: http://www.allenmatkins.com/ucla

Office Rental Rates Predicted To Increase With Tech Industry Demand

Thu, 13 Aug 2015 17:00:00 GMT

http://allenmatkins.com/ucla

Six months ago we questioned whether California’s office development was maturing. It wasn’t, and today it still appears to be in a growth stage fueled by new office needs. We spoke to some experts to better understand the continuing expansion.

San Francisco Office Boom Puts Pressure on Housing

Thu, 13 Aug 2015 17:00:00 GMT

While California commercial development continues to remain positive, San Francisco is moving at a much faster rate. Office development may be enough to satisfy demands, but there are serious concerns about lack of housing. We spoke to the experts, and here’s our report.

For more insights, check out the full Allen Matkins | UCLA Anderson Forecast - California Commercial Real Estate Survey at: http://allenmatkins.com/ucla

California's Commercial Real Estate Boom Will End, But Not Now

Thu, 13 Aug 2015 17:00:00 GMT

California commercial development is breaking new ground. The surprising continuation of the construction boom is making some nervous while others remain optimistic. Here’s our report for the Summer 2015 Allen Matkins/UCLA Anderson Forecast Survey.

http://allenmatkins.com/ucla

Bisnow/Allen Matkins - Oakland State of the Market - Community Impact and...

Thu, 21 May 2015 17:00:00 GMT

On the community involvement front, Madison Park Financial CEO John Protopappas says development is about much more than construction. "Yes, we're bringing in capital, yes we're providing housing," John says. "We're in the community-building business."

Bisnow/Allen Matkins - Oakland State of the Market - Update to the Vision of...

Thu, 21 May 2015 17:00:00 GMT

Allen Matkins' Elizabeth Clark moderated, and asked our panelists questions about the changing vision of Oakland, sustainability and community involvement that could create a more prosperous city. She pointed out how panelists have worked not only with each other but also nonprofits and community groups like SPUR and Community Benefits Districts.

It's a Perfect Storm for California's Commercial Real Estate Market

Tue, 27 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com/ucla
California commercial real estate is booming once again. During the past six months the average value of newly issued permits for non-residential construction after adjusting for inflation was the highest it had been since the middle of 2001. And more projects are getting ready to start, from sports venues in Sacramento and the Bay Area to multi-use buildings in South Park Los Angeles and the East Bay, to new tech complexes in Silicon Valley and Silicon Beach, the Golden State's commercial construction has returned. But for how long will this spurt in a highly cyclical industry last? Apparently for some time is the view of the survey panels of experts and developers who participate in the Allen Matkins UCLA Anderson Forecast bi-annual survey of developer sentiment.

Optimism Spikes for California's Multi-Family Real Estate Market

Tue, 27 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com/ucla
With employment growth steadily increasing in California, housing demand is creating an increase in multi-family housing development. The San Francisco panel had the highest level of optimism regarding vacancy rates, rental rates and the overall multi-family market.

Higher rents and occupancy rates reflect better returns, which is expected to stimulate multi-family construction in 2016 and beyond. While more units are expected to be delivered in 2015, developers do not anticipate an increase in the number of multi-family construction projects over the next 12 months.

California Industrial Development Driven by Increased Consumer Confidence

Tue, 27 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com/ucla
Signs of a recovering U.S. economy have led to increased consumer confidence and spending during the second half of 2014. Imports from Asia and Mexico through California ports of entry are on the rise. At the same time many brick and mortar retailers have experienced an increased amount of online purchases, prompting a need for more storage and distribution space. As a result, positive sentiment continues for manufacturing and warehousing space markets, with 70 percent of the panelists planning to begin new projects during the next 12 months.

Creative Commons photo credit to Flickr user Don Graham

Southern California Primed for Commercial Real Estate Surge

Tue, 27 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com/ucla
While Southern California has been slower to respond to the Great Recession than Northern California, Southern California is now hitting its stride. Developers across asset types agree that while the market today in Southern California is good, it's not as good as it's going to be in 2017.

No Signs of Slow Down in California's Office Real Estate Market

Tue, 27 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com/ucla
In comparison to the last survey, conducted in May 2014, Southern California developers now are more bullish on the office real estate market than in previous years. Forty-seven percent of panelists stated that they began office projects in the last 12 months. Looking forward 51 percent indicated they would begin a development in the next 12 months as compared to only 35 percent in the May 2014 Survey.

The San Francisco Bay Area panel agreed that office space demand, though growing at a significant rate, is no longer out-pacing construction. That panel also forecasts a potential easing on rental rates. Development momentum has shifted to the East Bay, as the expensive rental rates in San Francisco proper push some companies across the Bay.

Newly Amended Dual Agency Disclosure Law: Much Ado About Nothing

Mon, 26 Jan 2015 16:00:00 GMT

http://www.allenmatkins.com
As of January 1, 2015, the duty of a real estate agent to disclose in writing his or her representation of a buyer, seller, tenant and/or landlord, including any dual agency relationship, in residential real property transactions extended to transactions involving commercial real property. By its supporters, the amended disclosure law has been touted as "significant," "putting teeth in a new protection," and no less than "changing the face of commercial realty in California." For those who read the law and know the industry, however, all of the ballyhoo over the additional disclosures is enough to leave an agent scratching his or her head.

Bisnow Allen Matkins - LA Industrial - Brad Koehler, Cassidy Turley

Mon, 29 Sep 2014 17:00:00 GMT

Bisnow Allen Matkins - LA Industrial - Brian Gagne Jr, KTR Capital Partners

Mon, 29 Sep 2014 17:00:00 GMT

Bisnow Allen Matkins - LA Industrial - Theresa Jones, Hackman Capital

Mon, 29 Sep 2014 17:00:00 GMT

Bisnow Allen Matkins - LA Industrial - Peter Rooney, Sares Regis

Mon, 29 Sep 2014 17:00:00 GMT

Coastal Demands For Multi-Family Housing Surge in California

Tue, 05 Aug 2014 17:00:00 GMT

Through the next three years, developers we surveyed in the Allen Matkins/UCLA Anderson Forecast Survey see no let up in demand for multi-family housing, specifically on California's coasts. We talked to the experts, and here's our report.

Download the Survey: http://www.allenmatkins.com/ucla

Expectations Surge In Los Angeles Commercial Real Estate Market

Wed, 23 Jul 2014 17:00:00 GMT

Download the Survey: http://www.allenmatkins.com/ucla
After lagging behind for a few years, it appears Los Angeles commercial real estate is catching up to the Bay Area. Specifically in downtown LA and the Inland Empire. California's developers are seeing strong growth across all areas: office, industrial, and multi-family housing. How did Los Angeles finally catch up? We spoke to the experts and here's our report.
• Lost industries of oil, banks, and aerospace replaced with entertainment and tech.
• Downtown and Inland Empire strongest areas for development.
• Industrial growth in Inland Empire due to cheap available land.

Creative Commons photo attribution to Basil D Soufi. Photo available at Wikimedia Commons http://commons.wikimedia.org/wiki/File:Inland_Empire.jpg

Allen Matkins/UCLA Anderson Forecast Survey Predicts Real Estate Market

Wed, 23 Jul 2014 17:00:00 GMT

Download the Survey: http://www.allenmatkins.com/ucla
Basic explanation of what is the Allen Matkins/UCLA Anderson Commercial Real Estate Forecast Survey. It's a survey of California real estate developers and their sentiment towards development over the next three years.

• Study surveys commercial real estate developers about their sentiment for future development.
• Real estate projects require three-year projections.
• Competitive developers learn from each other to make commercial real estate predictions.

Proposed Expanded Definition of Waters of the United States

Mon, 14 Jul 2014 17:00:00 GMT

http://www.allenmatkins.com
Questions continue to arise surrounding the U.S. Environmental Protection Agency's and U.S. Army Corps of Engineers' proposed regulation re-defining the term "waters of the United States." Allen Matkins attorneys David Cooke and James Burroughs explain in this video the possible implications for land owners and dischargers.

Rachel's Women's Center Provides Support for Homeless Women in San Diego

Thu, 12 Jun 2014 17:00:00 GMT

http://www.allenmatkins.com
Supporters Mark Hattam and Heather Riley share how the Rachel's Women's Center helps homeless and very low-income women in San Diego get back on their feet. The center provides a safe, supportive, sober environment for women with few or no resources to gather, begin and continue self-help efforts.

Bisnow/Allen Matkins - San Diego State of the Market - Alan Gold, BioMed Realty

Sun, 04 May 2014 17:00:00 GMT

BioMed Realty chairman Alan Gold says Downtown San Diego could get some of the same buildup of tech companies that's happening in the UTC-Torrey Pines area, but the way it's currently set up, innovation and collaboration aren't there. (Nobody shares, like a poorly run group therapy session.) It needs a major research institution to become the first seed and decide that it has enough young employees living downtown to open a satellite or branch office.

Bisnow/Allen Matkins - San Diego State of the Market - Doug Austin, AVRP Studios

Sun, 04 May 2014 17:00:00 GMT

AVRP Studios CEO Doug Austin remarked on how fast downtown's neighborhoods have taken shape. A client once told him that building a high-rise in Little Italy was a risky investment because "It's not the Marina District." Six months later, another developer hesitated about doing a project in the Ballpark District because "It's not Little Italy."

Diane Filippi, SPUR - NCREwomen.org - Allen Matkins

Mon, 17 Mar 2014 17:00:00 GMT

Catherine Minor, Google, Inc. - NCREwomen.org - Allen Matkins

Mon, 17 Mar 2014 17:00:00 GMT

Carrie Byles, Skidmore Owings & Merrill - NCREwomen.org - Allen Matkins

Mon, 17 Mar 2014 17:00:00 GMT

Christine Yuen, Boston Properties - NCREwomen.org - Allen Matkins

Mon, 17 Mar 2014 17:00:00 GMT

Manufacturers, Importers and Retailers Must Take Action Following DTSC Reveal...

Sun, 09 Mar 2014 17:00:00 GMT

http://www.allenmatkins.com
Once again, California is on the leading edge of environmental programs. Allen Matkins attorney Kamran Javandel discusses the approaching April 1, 2014, deadline for publication of a "Priority Products List" under "Safer Consumer Products Regulations" that first went into effect on October 1, 2013, has manufacturers, importers, and retailers awaiting news of which products will be selected for further scrutiny. The regulations were developed by the California Department of Toxic Substances Control and will be implemented in a series of steps over the next few years.

Bisnow/Allen Matkins - Playa Vista - Milan Ratkovich - Ratkovich Company

Thu, 27 Feb 2014 16:00:00 GMT

Discussing the Ratkovich Co's repurposing of the historic Howard Hughes buildings at the Hercules campus, development manager Milan Ratkovich says the company performed the physical restoration and brought infrastructure from the streets into the buildings. The developer then was fortunate to have tenants say "We'll take it from here," each spending $100 to $500 PSF above their TI allowances to fit out their space.

Bisnow/Allen Matkins - Playa Vista - David Toomey - CRESA

Thu, 27 Feb 2014 16:00:00 GMT

Cresa principal Dave Toomey cites two categories of Playa Vista tenants: big-budgeted corporate firms, and fast-growing emerging market firms that want to spend their money on software engineers and developers, not their space. To go to the next level without a big budget, the latter are looking for the type of deals Dave did at the Fox subleases--space that's built, wired, and ready for occupancy with a TI allowance from the sub-landlord, making for a nearly zero cost move.

Bisnow/Allen Matkins Playa Vista - Randy Starr - Avison Young

Thu, 27 Feb 2014 16:00:00 GMT

According to Avison Young principal Randy Starr, client RPA is kicking the tires again down here. Playa Vista a micro-city that has it all, he says: amenities, mixed demographic housing that hits all of a 400-employee company's echelon levels, parks, and a shuttle system that help it compete with Santa Monica. Having incubator space to house small, growing tenants puts them in the area and lines them up to do larger deals in the future.

Bay Area Office Market: Allen Matkins/UCLA Anderson Forecast Winter/Spring 2014

Wed, 29 Jan 2014 16:00:00 GMT

http://www.allenmatkins.com
In the Bay Area, the Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey revealed renewed optimism regarding both office rental and occupancy rates through 2016. Fifty-two percent of the Bay Area Panel indicated they would begin one or more new projects in the coming year. This comes on the heels of many new Bay Area projects already under construction, and is indicative of a return to healthy office construction in the region.

Bisnow Allen Matkins State of SF Market - Paul Stein - SKS Investments

Wed, 29 Jan 2014 16:00:00 GMT

SKS Investments managing partner Paul Stein says some companies are using views to attract talent, like Supercell's recent top-floor lease of 555 Cal. S.F. has always been a smaller-sized tenant market, and he wonders whether that will change with big blocks eaten up by single tenants like a Chevron. With ample space on the market, it's an unusually good time to be leasing; he's not taking it for granted because it doesn't happen too often. (That's the same reason reason we watch the Olympics, despite the fact that curling isn't terribly exciting.) In terms of the types of build-out, there's a herding instinct to go brick and timber and maybe take a ceiling out.

Bisnow Allen Matkins State of SF Market - Cameron Falconer - Hines

Wed, 29 Jan 2014 16:00:00 GMT

Hines senior managing director Cameron Falconer isn't concerned about the amount of office space being added to the market (that's good, considering his gigantic 80-story Transbay Tower delivers in a few years). He is worried about the lack of options for tenants down the road. As the economy improves, he thinks S.F. will literally run out of space. Tech, law firms, and financial services firms are headed toward the same type of programming, with across-the-board requests for high ceilings, access to light, and great air quality. Transbay employees won't need to switch elevators to shoot up to higher-up floors. That'll be an interesting ride, he says.

Northern California Real Estate Women of Influence 2013 Awards Luncheon

Wed, 18 Dec 2013 16:00:00 GMT

http://NCREwomen.org
This year 37 women in Northern California were recognized for their contributions to the real estate industry. The San Francisco Business Times and a panel of judges chose the hall of famers, honorees and rising stars. The luncheon and award ceremony, held at the Omni Hotel in San Francisco, was hosted by the law firm of Allen Matkins.

Bisnow/Allen Matkins - SF Construction Update - David Bergquist, UC-Riverside

Thu, 12 Dec 2013 16:00:00 GMT

David Bergquist, interim chief campus counsel at UC-Riverside, would like to see the public and private sector "get married," with more funds flowing into public work. The university, which is wrapping up its gigantic hospital project in Mission Bay, is utilizing a "best value" pilot approved by legislation in 2007. UC can choose contractors similar to a private sector process, allowing the school to figure out who the most qualified bidder is and get their best people to stick together. In the past, when a contractor offered UC their top labor, six or seven months down the road UC could lose that foreman or superintendent to another project that pops up. (This sounds eerily familiar to our love life. Is there a legislative remedy for dating?)

Bisnow/Allen Matkins - SF Construction Update - Craig Rossi, Rossi Builders

Thu, 12 Dec 2013 16:00:00 GMT

In some cases, that trend is already in full swing. When ROSSI Builders prez Craig Rossi walks down Montgomery Street he sees new, shiny lobbies all over. That's because landlords have more cash than in '09, when capital improvements were deferred. He's surprised how quickly the market has rebounded (do you think this rapid turnaround is what inspired Beyonce?), and TI biz is doing well. He says landlords bring in ROSSI early to build an efficient schedule and figure out how quick to get rent started ASAP--a landlord's biggest priority.

Bisnow/Allen Matkins - SoCal Industrial - John Condas, Allen Matkins

Wed, 20 Nov 2013 16:00:00 GMT

Our moderator, Allen Matkins partner John Condas, says cities are open to getting development approved because they want impact fees. The challenges include CEQA bounty hunters--lawyers who sue projects, hoping for a quick settlement--and an active AQMD. Vesting maps can protect developers against new regs.

Bisnow/Allen Matkins - SoCal Industrial - Brian Cresap, Millie and Severson

Wed, 20 Nov 2013 16:00:00 GMT

While construction costs are significantly below 2008 levels, Millie and Severson president Brian Cresap sees a tightening of the labor market, particularly in the IE. Non-union subs are unable to find enough qualified workers at their low pay scales. That said, some smaller subs are capping their staffs at 49 due to Obamacare.

Bisnow/Allen Matkins - SoCal Industrial - Kim Snyder Prologis

Wed, 20 Nov 2013 16:00:00 GMT

Prologis president-Southwest Kim Snyder says large-floorplate buildings still outperform mid-sized and smaller buildings in absorption. The search for land has developers buying sites with buildings and bones--semi-functional leased buildings--banking them until they can demo to put up a Class-A building.

Bisnow/Allen Matkins - SoCal Industrial - Mark Payne, Panattoni Development

Wed, 20 Nov 2013 16:00:00 GMT

It's all about large format buildings in the Inland Empire, where partner Mark Payne says Panattoni Development recently herded kittens--assembling 20 different land owners for a project. (A stronghold against puppies?) Noting the smaller products market seems to be coming back, Mark says that in infill markets like LA he'll buy sites as small as 2.5 acres.

Allen Matkins/UCLA Anderson Forecast: Sustained Housing Recovery Underway

Sun, 29 Sep 2013 17:00:00 GMT

At long last a sustained housing recovery is underway. Home prices are rising and housing starts have approximately doubled off of their depression lows. Hear UCLA Economist, David Shulman discuss this change - how log will the recovery be and how strong?

2013 Allen Matkins View From The Top - Overview

Tue, 17 Sep 2013 17:00:00 GMT

The Sixth Annual Allen Matkins View From the Top featured industry leaders who provided a review and forecast on the national real estate industry.

2013 Allen Matkins View From the Top - Valerie Achtemeier, CBRE, Inc.

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Valerie Achtemeier of CBRE, Inc. at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - Paul Paradis, Hines Interests Limited...

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Richard Stockton of Overseas Union Enterprise Limited at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - Michael Van Konynenburg, Eastdil Secured

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Michael Van Konynenburg of Eastdil Secured at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - Alexander Vouvalides, Hudson Pacific...

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Alexander Vouvalides of Hudson Pacific Properties at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - John B. Kilroy, Jr., Kilroy Realty...

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with John B. Kilroy, Jr. of Kilroy Realty Corporation at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - Richard Stockton, Overseas Union...

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Richard Stockton of Overseas Union Enterprise Limited at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - Kevin Shannon, CBRE Investment Properties

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with Kevin Shannon of CBRE Investment Properties at the 2013 Allen Matkins View From the Top.

2013 Allen Matkins View From the Top - M. Eli Khouri, Kilroy Realty Corporation

Tue, 17 Sep 2013 17:00:00 GMT

Behind the scenes with M. Eli Khouri at Kilroy Realty Corporation at the 2013 Allen Matkins View From the Top.

Bisnow/Allen Matkins Single-Family Development - Emile Haddad, Five Point...

Thu, 08 Aug 2013 17:00:00 GMT

Allen Matkins attorney Matthew Fogt moderated the event's Special Look at Single-Family Development, which is sizzling in SoCal again—with a few complications, such as higher prices for land and labor shortages. Five Point Communities CEO Emile Haddad says he expects land values to increase rapidly in the near future. Also, getting new residential product out of the ground will be simply harder than it used to be. One problem is finding people who understand the complex process of land entitlement. Most of the people in the field were obliged to retire or find other livelihoods due to the recession.

Bisnow/Allen Matkins Single-Family Development - Randy Teteak, SunCal Companies

Thu, 08 Aug 2013 17:00:00 GMT

SunCal Cos EVP Randy Teteak says that live-work is actually a small percentage of the housing market. Buyers still want single-family housing, and they're still willing to commute to get to work. That's what counts as affordable housing in California, he notes. Randy adds that he's bullish on Northern California—as well as Washington, DC—not only because those regions are creating jobs, because they also have high barriers to entry. Once you're in, the deals are going to be sweeter. "We like markets where the impediment to development is high," he says.

Bisnow/Allen Matkins SF Investment Summit - Mark Carlson, Stockbridge Capital...

Tue, 06 Aug 2013 17:00:00 GMT

Stockbridge managing director Mark Carlson says the boutique pension fund adviser has value, core, and opportunity funds in addition to separate account clients, operating in major metros in the US. San Francisco and Silicon Valley have proven to be way more cyclical than people thought, he says, but the market has legs. He sees tech tenants that started in the Valley moving north into San Francisco instead of expanding south into San Jose, because it's all about recruiting talent and San Fran has a vibe. What we haven't seen is a recovery in the FIRE tenants.

Bisnow/Allen Matkins SF Real Estate Summit - Tony Natsis, Allen Matkins

Tue, 06 Aug 2013 17:00:00 GMT

Allen Matkins partner Tony Natsis, who moderated our equity panel, noted Christopher and Mark have a lifetime of real estate between the two: Christopher with Catellus, Carr, Divco West, and EOP; and Mark with RREEF. On the lookout for deal junkies' hot markets, Tony cited all the new players that have entered the Seattle-Bellevue area within the past four years: Beacon, Kilroy, Hudson, Brookfield, and JP Morgan among them.

The Koontz Decision: Limits Conditions a Government can Impose on Developers

Wed, 10 Jul 2013 17:00:00 GMT

http://www.allenmatkins.com
The decision in Koontz v. St. Johns River Water Management District, (Docket No. 11-1447) 570 U.S. __ (June 25, 2013) opens the door for developers, especially in California, to challenge unreasonable developmental impact fees and other improper conditions on development rights. This video update examines how the decision could be a boon to developers.

Energy Use Disclosure Requirements Effective September 1, 2013

Tue, 18 Jun 2013 17:00:00 GMT

http://www.allenmatkins.com
Beginning, September 1, 2013, all California commercial buildings with a total gross floor area of more than 50,000 square feet are required to disclose the building's energy usage in advance of any sale, lease, or financing of the entire building. In order to ensure compliance with Assembly Bill 1103, owners of nonresidential buildings should:

• Register for an account with "Portfolio Manager," the U.S. Environmental Protection Agency's ENERGY STAR program online tool for managing building energy use data;
• Create a profile within Portfolio Manager for the nonresidential building;
• Use Portfolio Manager to request that utilities serving the building release the last 12 months of energy use data for the building to Portfolio Manager;
• After the utility data has been provided, download the Disclosure Data; and
• Provide the Disclosure Data as part of the sale, lease, or financing.

Owners should also consider updating purchase agreements, lease forms, and financing documents to include an express acknowledgement by the buyer, tenant, or borrower, as applicable, of receipt of the Disclosure Data.

Bisnow/Allen Matkins - San Fernando Valley - David L Solomon, CBRE

Mon, 17 Jun 2013 17:00:00 GMT

CBRE SVP David Solomon points to an abundance of medical-related uses in the Valencia and Santa Clarita markets, such as UCLA Healthcare's purchase of a 35k SF building in Valencia, and Kaiser's purchase of the 120k SF former US Borax HQ. In addition, Newhall Land's former HQ building sold to a medical group. He says in the last nine months, there's been 200k SF of absorption in Valencia. This trend is consistent with LA, where traditional, big companies aren't growing much and a lot of the demand has been from other uses coming in such as Equinox Fitness. Employers take note: When you start to add headcount, the Valley will be a great place to hire from because of its diverse labor base and housing stock from entry-level to executive.

Bisnow/Allen Matkins - San Fernando Valley - Mark Leonard, Lee & Associates

Mon, 17 Jun 2013 17:00:00 GMT

Lee & Associates-LA North/Ventura principal Mark Leonard says the 10k to 15k SF tenant in the financial, marketing, and insurance fields is driving absorption in the West Valley. Calling Warner Center a suburb that's grown up around insurance-based companies such as Blue Cross and Health Net, he hopes this trend continues because it's definitely not the media district or the Westside—that is, no big influx of social media or Internet companies. While Mark says he's no fan of Obamacare, he thinks it will generate some jobs and office space absorption. On the topic of owner-occupant sales, he expect medical users that are growing and want to control their facilities will make some acquisitions.

Bisnow/Allen Matkins - San Fernando Valley - Cathy Scullin, NAI Capital

Mon, 17 Jun 2013 17:00:00 GMT

NAI Capital SVP Cathy Scullin once received a call from someone who needed to lease space in Burbank for two hours. Nowadays, the quality of client is markedly improved. At the same time, she says communities north of the Ventura Boulevard corridor—Van Nuys, Northridge, North Hollywood, Granada Hills—are still lagging. Noting Disney vacated nearly 500k SF in Burbank, she expects to see the now-historic vacancy level draw tenants there. She also points to a plethora of exciting young bars and Westside-style restaurants in Studio City. Despite the high vacancy in Burbank, Cathy notes the profile of available space is primarily 1980s vintage. You have a market that craves creative space, she says.

Bisnow/Allen Matkins - San Fernando Valley - David Hitzel, Douglas Emmett

Mon, 17 Jun 2013 17:00:00 GMT

We welcomed 200 to the Sportsmen's Lodge in Studio City, including Douglas Emmett regional manager of leasing David Hitzel. With an Encino-Sherman Oaks portfolio that's almost 95% leased, he says the submarket is on course with what's going on in the Westside. Rents are rising and concessions are being taken off the table amid the influx of media and tech firms. The company's target tenant is the sub-3,000 SF local professional services firm; that said, reality show producer ITB Studios just leased 21k SF in the Sherman Oaks Galleria's Courtyard Building, representing a new user profile in the market. David says Woodland Hills isn't seeing quite the same velocity, but as rents rise in Encino-Sherman Oaks, he expects to see some push out there.

Bisnow/Allen Matkins - Future of SOMA - Richard Pink, Clarion Partners

Wed, 24 Apr 2013 17:00:00 GMT

Clarion Partners managing director Richard Pink said the company paid $600 per SF for 475 Brannan, and the market's already seeing $800/PSF deals. With rents 30% below maket and cap rates around 4.5%, most of the return is going to come from the exit in five or six years. While Clarion aggressively seeks additional buildings in that $500 to $650 per SF range, it sold 100 Spear in SoMa for $100M, a non-brick and timber, corporate type building it didn't believe could be repositioned. Right now, there's a scarcity premium for "anything that comes to market that looks like it can be repositioned or (where) there's a value-add with bringing rents to market."

Bisnow/Allen Matkins - Future of SOMA - Howard Stern, Hudson Pacific

Wed, 24 Apr 2013 17:00:00 GMT

According to president Howard Stern, Hudson Pacific Properties took a leap of faith when it acquired 1455 Market in mid-Market at the end of 2010, "when many people wouldn't even reduce their speed to 30 mph" as they drove past. HPP saw an opportunity to buy an asset that was north of 1M SF for $90/PSF but the challenge was that half of it was a podium data center. Little did they now that the "fat boy 90k SF footprint" would be attractive to techies. Since acquisition, HPP has done a deal with Square for more than 300k and has leases for another floor in the podium. HPP hopes to grow in SoMA but "it's going to be more challenging based on the frothiness of the market."

Bisnow/Allen Matkins - Future of SOMA - Charles Kuntz, Hines

Wed, 24 Apr 2013 17:00:00 GMT

Transbay Tower "has been my life" for the recent time being, Hines director Charles Kuntz said the three-year project includes a year in the hole, driven by the need to line up the tower's basement with the bottom of the Transbay Transit Center. "We're putting 40-plus 8-foot-diameter caissons down about 250 feet to bedrock, and that takes a long time to do." The company has two years to deliver once it's completed the garage, and is talking to tenants about a partial occupancy situation where it can open up the bottom half of the building while completing the top

Annette Walton, Stanford University - NCREwomen.org - Real Estate Woman of...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Deborah Boyer, The Swig Company - NCREwomen.org - Real Estate Woman of Influence

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Kate White, The San Francisco Foundation - NCREwomen.org - Real Estate Woman...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Kim Boswell, Spear Street Capital - NCREwomen.org - Real Estate Women of...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Deborah Quok, QAV Partners - NCREwomen.org - Northern California Real Estate...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Mahnaz Khazen, US Immigration Investment Center - NCREwomen.org - Real Estate...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Mary Huss, The San Francisco Business Times - NCREwomen.org - Real Estate...

Wed, 03 Apr 2013 17:00:00 GMT

http://NCREwomen.org

Transbay Tower Groundbreaking - San Francisco - Boston Properties

Wed, 27 Mar 2013 17:00:00 GMT

On March 27,2013, Hines and Boston Properties closed on the $192M acquisition of a 50k SF land parcel at 101 First St, San Francisco from Transbay Joint Powers Authority. Coming soon: the 60-story, 1.4M SF Transbay Transit Tower, which at 1,070 feet will be the West Coast's tallest tower and the seventh in the US, edging out the iconic Chrysler Building.

This video from the groundbreaking includes luminaries like TJPA exec director Maria Ayerdi-Kaplan, Hines chairman Gerald Hines, TJPA chair Jane Kim, Boston Properties chairman Mort Zuckerman, Allen Matkins partner Tony Natsis, and San Francisco mayor Edwin Lee.

Real Estate 360 in 60: The Changing Face of Space

Tue, 19 Mar 2013 17:00:00 GMT

http://www.allenmatkins.com
http://www.cbre.com
Experts from CBRE and Allen Matkins will discuss how office and industrial tenants are changing the way they use space -- and what that means for landlords, developers, and investors in the Southern California commercial real estate market.

Topics include:
• How technology, "free-addressing" and demand for creative space are impacting the office leasing market in Southern California
• How landlords, especially in traditional high-rises, are responding to the new workplace environment
• How ecommerce and technology are shifting the focus of the industrial market from warehousing to logistics
• How all of these changes are impacting the Capital Markets in the Western US

What is the Real Estate Settlement Procedures Act (RESPA)? - Marshall Wallace

Mon, 18 Mar 2013 17:00:00 GMT

http://www.allenmatkins.com
The Real Estate Settlement Procedures Act or RESPA, was created to regulate the settlement services of real estate transactions. The down economy, class actions against real estate service companies have risen alleging kickbacks and violations of the statute. Allen Matkins litigator Marshall Wallace explains these issues of RESPA litigation.

Bisnow/Allen Matkins - LA Property Management - Charlie Hobey, Equity Office

Mon, 04 Mar 2013 16:00:00 GMT

Equity Office VP of Operations Charlie Hobey said that in the doom-and-gloom days, operating expenses were the No. 1 focus. A key change in the last five years has been to tilt the pendulum back towards customer service and delivering value. One key item that influences tenant retention is the manager's responsiveness--it doesn't cost a lot of money to be available, answer the phone, and respond to emails, even if you're not solving every issue they have (such as allowing dogs in the building). In addition, a hot link isn't something you slather with mustard on a bun, but Equity's experiment in communicating with tenants in an emergency by directing them to a specific place on the company's website, getting away from the typical phone tree. The firm's also explored Facebook and getting tenants to follow properties on Twitter.

Bisnow/Allen Matkins OC Conference - Kurt Strasmann

Wed, 27 Feb 2013 16:00:00 GMT

Investors might now want them, but CBRE senior managing director Kurt Strasmann says there aren't a lot of high-quality, institutional-grade properties for sale in Orange County. "On the industrial side, no one wants to give it up," he observes. (In CRE, sharing is not caring.) "It's tough. That's why you see the values where they're at." Moreover, he isn't worried that Southern California is going to lose its industrial base, despite high taxes and stiff regs. For companies with a lot of employees, there are a lot of options nationwide—such as Texas, which is actively trying to poach biz from California. But there's always going to be an industrial market here, since about 20 million people live within a hour's drive, he says, and many more beyond that.

Bisnow/Allen Matkins OC Conference - Kevin Hayes

Wed, 27 Feb 2013 16:00:00 GMT

"Creative office space costs us about $15 to $20 per SF to create," says Lincoln Property Co SVP Kevin Hayes. For a building with a 7.5% cap rate, that adds $40 per SF to the value of the building, but he stresses that the addition is only theoretical. "What we've seen is some of these creative tenants move out before the end of the lease," he explains. Another challenge for office landlords has been an erosion of rental rates for renewals—over the last year, he's seen rents slide a little for renewals.

Bisnow/Allen Matkins SF Construction Summit - Eric Foster, Swinerton Builders

Wed, 13 Feb 2013 16:00:00 GMT

For Swinerton Builders, apartments are the hot market in San Francisco right now with three projects totaling 1,400 units under construction, according to EVP and regional manager Eric Foster. But what's really has been the revitalization of mid-Market--from Fifth to 10th has been a tough area for 40 years. Eric sees a lot of Downtown rental product coming down the pipeline, and with a 22-year-old daughter at home, he says that's just what the City needs. "I'm building her [an apartment] as fast as I can, but the rents have to come down." On other topics, he said the technology for real-time estimating is here right now,, but the challenge is to have a common vocabulary for all the folks involved. With a shortage of high-quality laborers like electricians and plumbers in the Bay Area, we need to encourage young people to go into the trades.

Bisnow/Allen Matkins SF Construction Summit - Rodney Fong, San Francisco...

Wed, 13 Feb 2013 16:00:00 GMT

Rodney Fong, president of Fong Real Estate and the San Francisco Planning Commission, led with some opening remarks. His company owns the wax museum at Fisherman's Wharf, and Rodney sees no waning in the City. From a real estate and development perspective, it's the best of times. Some things the planning department will be addressing: formula retail stores and incentivizing small business to open shop in parts of town that need revitalization, He also mentioned the planning department's new permit tracking system. Rodney's bullish because of projects like Pier 70 and the relocation of the Exploratorium to Piers 15 and 17, because the City needs walkable anchor locations. What else the San Francisco need?:More hotel rooms to make the Moscone Center competitive with convention centers in San Diego and Las Vegas.

Bisnow/Allen Matkins SF Construction Summit - Richard Henry, McCarthy...

Wed, 13 Feb 2013 16:00:00 GMT

Northern Pacific Division president Rich Henry said McCarthy is getting ready to kick off an expansion of UC Berkeley's Sproul Hall and Stanford's replacement hospital in Palo Alto, One trend to keep an eye on: public agencies buying buildings, renovating them for their own use and, with the excess space, becoming landlords. A project that McCarthy is doing for the transportation authority is a case in point. It'll house a number of transportation groups under one roof, and create several hundred thousand square feet of excess space so that private companies working with them can locate close by. In addition, Rich cited technology's value to the subcontractor community, noting that where projects are won or lost is in the labor market. Technology that allows tradesmen to figure out their productivity down to hundredths of a man hour PSF makes them more efficient and provides opportunities for prefabrication.

Bisnow/Allen Matkins SF Construction Summit - Eric Lamb, DPR

Wed, 13 Feb 2013 16:00:00 GMT

DPR Construction EVP Eric Lamb says 70% of the firm's build-out work over the past two years has been for technology companies. With the likes of Facebook, Apple, and Google running buses from San Francisco south to their campuses, technology is the driving force behind the need for housing downtown. Internally, DPR has gone from zero to 200 tablets in the field over the past 18 months. On a pilot project for the UCSF Medical Center, DPR was allowed to do a more integrated delivery with early selection of subcontractors, and it's worked out so well, DPR likely would refuse to competitive bid a hospital project again because "there's no way to avoid all the issues that we used to have with hospitals."

AM/UCLA Anderson Forecast - Survey Results Reveal Tension between Developer...

Tue, 29 Jan 2013 16:00:00 GMT

http://www.allenmatkins.com
Industry sentiment for the office sector three years out, while still optimistic, shifted downward from six months ago. This, however, may reflect developers' concerns over the looming fiscal cliff, as the survey was taken in November 2012. Projects coming out of the ground, as well as those in the pipeline, could prove forecasters wrong in 2013 and beyond.