Commercial Coronavirus Update: Trump Nixes Reopening Guidelines, Jobless Claims Keep Rising, Auto Industry Furloughs CDC reopening guidelines have been shelved. (Getty Images) By Richard Lawson CoStar News May 7, 2020 | 09:20 AM Trump Nixes Reopening Guidelines The Trump administration shelved a 17-page set of guidelines the Centers for Disease Control and Prevention created for schools, businesses, mass transit, religious facilities and child care programs, the Associated Press reported Thursday. While they […]
Commercial California Moves to Let Next Wave of Retailers Reopen in Pandemic Gov. Gavin Newsom said counties in California are being given more leeway to decide the pace of business openings based on local circumstances, provided they file contingency plans with the state. (Getty Images) By Lou Hirsh CoStar News May 4, 2020 | 03:51 P.M. Gov. Gavin Newsom said California can begin moving into a second phase of business […]
Commercial Retail Loan-To-Value Levels On Steadier Footing Heading Into Economic Downturn Retail investors and lenders have been far more conservative in recent years compared to the years leading into the Great Recession. (CoStar) By Marco Cugia CoStar Analytics May 5, 2020 | 02:56 P.M. Retail properties are expected to have the most challenging road forward due to the acute effects that the coronavirus pandemic is having on […]
Commercial Plunge in Bay Area Leasing Activity Highlights Challenges Moving Forward By Marco Cugia CoStar Analytics May 6, 2020 | 01:13 P.M. The unprecedented drop seen in new leasing activity around the San Francisco Bay Area is hardly surprising given the limitation on the population under the current shelter-in-place order, which went into effect on March 17 and closed all non-essential businesses, sending shockwaves through the retail […]
Commercial Coronavirus Reveals the Weak Links in Global Supply Chains Most manufacturing is expected to reshore to other parts of Asia post-pandemic, a factor that will help keep steady port traffic in West Coast markets such as Los Angeles, Seattle and Oakland. (iStock) By Brooks Staley CoStar Advisory Services May 6, 2020 | 01:29 P.M. The COVID-19 crisis has profoundly affected global economies in an unprecedented […]
Commercial JULY 18, 2019|ANTHONY EDELSTEINEMAILPRINT Investment Firm Sells Off Office Building in Walnut Creek, California, for $8.3 Million 7-18-2019 Firefighting Supply Company to Move Into Centre Pointe Business Park Investment firm Angelo, Gordon & Co. purchased six buildings in the Centre Pointe Business Park last year. (CoStar) Firefighting supply company LN Curtis & Sons has purchased an office building in Walnut Creek, California’s Centre Pointe Business Park. The building’s previous owner, investment firm Angelo, Gordon & […]
Commercial East Bay Rentals Close to Silicon Valley Sell for $92 Million 7-22-2019 Exclusive: Per-Unit Price Reflects 55% Markup Over Average Area Sales in the Past Year Just a mile away from Interstate 880, Artist Walk Apartments is a reasonable drive to Silicon Valley. (CoStar) A New York City fund shop just paid a whopping half-million dollars per unit for an apartment building in the East Bay region […]
Commercial San Francisco Hits Office Building Limit for First Time Since 2000 8-7-2019 Development Cap Means Demand From Tech Firms May Spill Into Nearby Oakland Kilroy Realty’s Flower Mart project is one of three the San Francisco Planning Commission approved this year. (CoStar) The massive growth of the tech industry in San Francisco is facing its biggest office space hurdle in almost two decades, and that could mean […]
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