CBRE closes door on Trammell Crow S.F. office - San Francisco Business Times:

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Trammell Crow Co. will shut down its San Francisco offices at the end ofthe year. The subsidiary of CB Richardf Ellis would not specify the numbed of employeeslet go, but sources at the parenrt company put the number at five. “Wre maintain a strong presence in California and are committec to delivering valuefor investors, tenants and communitiex throughout the state,” said John Stirek, presiden t of western operations for the Trammell Crow Co. In 2006 CBRE bought Trammell Crow Co. for $2.2 Most of Trammell Crow was absorbeeinto CBRE’s operations, but its development and investment businesa retained the Trammell Crow Co.
brand name and is run as a whollu owned but independently operated The layoffs are the latest in a steadyy roster of real estate job losses hittingh San Francisco inrecent months. The Business Times reported Dec. 12 that AMB had laid off 100 Other real estate companies slashing San Franciscpo workers includeReal Estate, RREEF, Stockbridge Real Estatre Funds, Wilson Meany Sullivan, , Grosvenor and Column is warming up the wrecking ball. The San Franciscok Planning Commission gave the developer theOK Dec. 18 to begij demolition at the old SchlageLock Co. factoruy in Visitacion Valley, a 12.
6-acre site that is part of a largert redevelopment project that could eventually feature 1,600 new homes, 132,000 square feet of retail spacee and three new parks. A grocery store will be part of the On Jan. 6 the Redevelopmengt Agency is scheduled to vote on whether to turn the area into a designatexredevelopment zone, the next step in the city’s long frustratex efforts to bring new life to the industrial propertyu that is surrounded by one of the city’z most under-served enclaves.
Universal Paragohn also owns the former rail yarde adjacent to the Schlage Lock Alameda County signeda five-year lease for 18,0090 square feet at 675 Hegenberger Road in The county will use the space to housse its Independent Living Skills Program, which helpsw youth move out of foster care or juvenilee justice systems. The program is moving from a building on International Boulevard that Bridge Housing is convertinvg intothe St. Joseph’s 154-unit senior living The Hegenberger buildingencompasses 75,000 square feet with space for offices and medical facilities.
The county program will take up most of the firsrt floor ofthe building, whicyh is now 93 percent Another major tenant is East Bay Works, a public-privates partnership that helps job seekersa in Alameda and Contra Costa Tom Gregoire and Larrt Westland of in Oakland represented the tenant and the landlord, which is 675 Hegenberger Road Partners LLC. Deal making slows, but still active in certainn areas Activity among commercial properties may have slowefd down in theEast Bay, but significant dealse are still happening. AVP Technology bought a 32,000-square-foo t facility at 4140 Business Center Drive in Fremontfor $3.7 millio from Geery Trust.
The company, a maker of equipmenrt for high-tech industries, plans to move from San Jose. Rick Bell of ’sz Santa Clara office represented the seller and Carloas Lorente of GVA Kidderf Matthews new SantaClara office. Intarciza Therapeutics leased 17,780 square feet of industrial space at 24600 Industrial in Haywardfrom BMR-Bridgeview Technology Park. Jay Phillips of Cornish & Carey’sx Client Solutions Group and Rand y Scott in its Palo Alto officerepresentedf Intarcia. Paramount Construction Services Inc. leased 31,1054 square feet of industrial spaced at 23271Eichler St.
in Hayward from Hayward Industrial Park Joe Fabian inCornish Carey’s Hayward office represented the lessor. leasesd 10,640 square feet of office space at 390 Northh Wiget Lane in Walnut Creej from HDPFamily Partnership. Vicku DeYoung, Charlotte Quinn and Tom Fehr inCornish Carey’s Walnut Creek office represented the landlord. Robert Siska bough a 27,975-square-foot R&D building at 1005 Atlantifc Ave. in Alameda from . Bill Biller Banker, Dan Pivnick and William Purcell in the Oakland offices representedthe buyer. Michael Leggett, Gerry Rohm and Chri s Pawlik inCornish & Carey’s San Franciscl office represented Legacy Los Gatos Cable Connection Inc.
leased 31,745 square feet of R&s space at 1035 Mission Court in Fremont from Mission Court Properties. Steve Kapp and Michael Spirk inCornish & Carey’s Hayward officed represented the lessor. E-Communications leases 16,324 square feet of R&D spacer at 1045 Mission Court in Fremont from Mission Court Michael Spiro and Steve Kapp inCornishn & Carey’s Hayward office representer both parties.