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The Bay Area's bustling economy has an incredible downside. With so much economic activity, industrial tenants are running out of space to set up shop. Developers DCT Industrial, Overton Moore Properties and Trammell Crow are building new facilities in the East Bay and most recently began projects in San Leandro. Redevelopments are turning once vacant parking lots and shuttered facilities into Class-A industrial space that is in extremely high demand. 
“The challenge we're having now is one of scarcity. Scarcity of opportunities as well as scarcity of space for users,” DCT Industrial Senior Vice President Dave Haugen said. “Users are frustrated right now. There is not a lot of availability…
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CIM Group Plans To Buy Uber's Uptown Station For $175M
CIM Group plans to acquire Uber's Uptown Station office in Oakland for $175M. The developer plans to invest another $50M to complete the renovation of the 380K SF former Sears building, the San Francisco Business Times reports. Uber originally paid $123.5M for the…
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Building A Better Broker With Technology
While data analytics and automation continue to disrupt commercial real estate, brokers are increasingly adopting CRE technology, which has become a vital tool in today's competitive real estate landscape. When properly utilized, CRE tech allows brokers to work more efficiently, which…
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New Mall Owners To Breathe Life Into Richmond's Struggling Mall
Richmond's once dying mall could soon be a bustling entertainment center. The Shops at Hilltop owners LBG Real Estate Cos. and Aviva Investors plan to add a movie theater, live theater, grocery store, food hall and 40 restaurants, the East Bay…
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Harvey Weinstein Highlighted The Problem. CREW Has The Solution.High-profile allegations, powerful social media campaigns and intense testimonials have illuminated the barriers women face in the business world. What are the solutions? Bisnow looked at the latest Women in Commercial Real Estate research and asked attendees at last week's annual CREW Network convention for concrete steps the real estate industry should take. |
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8 Real Estate Dealings By Former Trump Campaign Chairman Paul ManafortPresident Donald Trump's former campaign chairman, Paul Manafort, was indicted and taken into federal custody Monday morning as a result of the Russian probe led by special counsel Robert Mueller. Manafort and longtime business partner Rick Gates have pleaded not guilty to the 12 counts brought against them, and have been placed under house arrest and asked to surrender their passports. Manafort, who served on Trump's campaign through August 2016, has had his hands in a slew of real estate dealings over the years. Bisnow mined through reports and public filings to highlight the former Trump aide's real estate ties — from assets currently owned to relationships with major real estate players. |
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