Allen Matkins sknapp@allenmatkins.com https://video.allenmatkins.com en-us Visualplatform http://blogs.law.harvard.edu/tech/rss Allen Matkins episodic no https://video.allenmatkins.com/files/rv0.0/sitelogo.gif https://video.allenmatkins.com http://video.allenmatkins.com/bisnowallen-matkins-future-of-5 <p>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."</p><p><a href="http://video.allenmatkins.com/bisnowallen-matkins-future-of-5"><img src="http://video.allenmatkins.com/27288170/38732979/ae37b037c365093932624cd952a7fb39/standard/download-4-thumbnail.jpg" width="1200" height="960"/></a></p> http://video.allenmatkins.com/photo/38732979 Wed, 24 Apr 2013 17:00:00 GMT Bisnow/Allen Matkins - Future of SOMA - Richard Pink, Clarion Partners 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." 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... Allen Matkins 02:13 <p>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."</p><p><a href="http://video.allenmatkins.com/bisnowallen-matkins-future-of-5"><img src="http://video.allenmatkins.com/27288170/38732979/ae37b037c365093932624cd952a7fb39/standard/download-4-thumbnail.jpg" width="1200" height="960"/></a></p> Allen Matkins Bisnow California Clarion Real Estate Richard Pink San Francisco SOMA Tony Natsis