Regions West | San Francisco
San Fran Retail Sector Stays Strong
July 10, 2008

As payroll expansion moderates and equity spending further diminishes, retail sales in San Francisco are not projected to reach the robust levels attained in recent years, according to a second-quarter Retail Research Report by Marcus & Millichap. Local employers are expected to add approximately 10,000 workers, a 1 percent gain. Builders are projected to bring 300,000 square feet of new space online in 2008. Vacancy is forecast to end the year at 4.3 percent. Asking rents are predicted to climb 2.4 percent to $34.38 per square foot this year. Effective rents will advance to $31.79 per square foot, a 2.3 percent gain.

 
Recent San Francisco Headlines
Boston Properties Closes $375M Financing of Four Embarcadero Center
Nov. 19, 2008
Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.
Turnberry Group 24 Joins Turnberry in $300M San Fran Condo High-Rise
Nov. 06, 2008
Group 24 L.L.C. has become a 50 percent partner with Turnberry Ltd. in the latter’s Turnberry Tower, a $300 million, 40-story luxury residential condo (pictured) in San Francisco’s Rincon Hill district. The project is Turnberry's first venture in California, and this is also the first collaboration between the two companies.s.
Henderson Global Grabs Two San Fran Bay Area Assets
Nov. 04, 2008
The San Francisco Bay market proves fruitful territory for acquisitions for Henderson Global as the Chicago-based independent investment manager picks up an office property and a multi-family community in a joint venture with Glenborough L.L.C.