Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, announced today Rob Maccarone has joined its firm as Senior Broker Associate.
Top Five TCN Worldwide Retail Deals
$5,121,492 | 54,000 SF | Retail Lease – Tom Ferguson and Pete Alveal at Premier Commercial Real Estate/TCN Worldwide in Indianapolis, IN represented the landlord, SR 9, LLC.
$4,717,000 | 4,650 SF | Retail Lease – Giorgio Vasilis at Sitar Realty Company/TCN Worldwide in New Jersey represented the landlord, 334 Hospitality, LLC.
$4,175,000 | 12,250 SF | Retail Sale – Brian Murphy at Sitar Realty Company/TCN Worldwide in New Jersey represented the buyer, LVL Enterprise, LLC.
$2,765,000 | 17,000 SF | Retail Sale – William Sitar Jr. and Brian Murphy at Sitar Realty Company/TCN Worldwide in New Jersey represented both the buyer and the seller, Neptune Thirty Five, LLC and Kumrah Realty, LLC.
$2,250,000 | 3,000 SF | Retail Sale – Craig Hansson at Starboard Commercial/TCN Worldwide in San Fransisco, CA represented the buyer, PNJHB, LLC.
This centrally located property offers more than 12,293 total square feet and quick and convenient access to both Caltrain and BART, as well as several popular restaurants, bars, and specialty cafes. The property also includes an additional 8,500 square foot lot, allowing for future development including housing, office space, hotel lodging, or mixed-use.
12,293 Square Foot Building Centrally Located in SOMA Provides Rare Opportunity For Investors
“Whatever business you’re in, study the trends, and look for the opportunities.” – Hans Hansson in today’s Tip 579
What are you going to do in the next five years to sell? How can you take advantage of the current environment and not let it destroy you?
If real estate prospecting is about establishing a relationship with potential buyers and sellers, there’s no better way to take that relationship to the next level than a little face-to-face time.
Just shaking hands with someone you’d like to do business with is a powerful experience, as explained to us by one of California’s leading commercial real estate experts, Hans Hansson.
San Francisco-based Starboard Commercial Real Estate and Brookwood Group Inc. launched a new joint venture called, Brookwood Starboard, a full-service real estate firm of strategic advisors, brokers and developers. Industry veteran and longtime Bay Area broker, Barry Bram, has been hired as Executive Director.
Advisory firm Brookwood Group and brokerage firm Starwood Commercial Real Estate have launched a new joint venture that offers advisory, brokerage and development services.
Two longtime San Francisco-based commercial real estate companies have formed a new subsidiary and tapped a veteran broker to lead it.
Commercial brokerage Starboard Commercial Real Estate and developer Brookwood Group have formed Brookwood Starboard, a full-service CRE firm comprising developers, brokers and strategic advisers. It will be led by new executive director Barry Bram. The partnership will focus on advisory, brokerage and development management with a focus on high-density urban and transit-oriented projects. Bram, who spent over 30 years with TRI Commercial Real Estate, said he found the opportunity to lead Brookwood Starboard appealing.
Starboard Commercial Real Estate and Brookwood Group Inc. announced today the launch of a new joint venture Brookwood Starboard, a full-service real estate firm of strategic advisors, brokers and developers. Industry veteran and longtime bay rea broker, Barry Bram, has been hired as Executive Director.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, announced today the launch of its office-trading service, TradeAddresses.com, to specifically address the challenges that Bay Area business owners face from COVID-19 health and safety restrictions.
Since the pandemic, many businesses’ office needs have changed. Owners may be looking for more space to accommodate social distancing, and some may be looking for less space as they transition the majority of their employees to working remotely.
By reviving an idea conceived during the dot-com boom, Starboard Commercial Real Estate is vying to address an emerging need among office users looking to downsize in the wake of the Covid-19 pandemic by allowing them to trade spaces via an online platform.
The private CRE firm on Thursday announced the launch of TradeAddresses.com, an office-trading service created “to specifically address the challenges that Bay Area business owners face from Covid-19 health and safety restrictions,” the company stated. The service will be rolled out in the nine Bay Area counties.
To date, Mayor Breed and the Board of Supervisors have been silent on finding creative ways to get our retail up and running fast. Hans Hansson shares a number of ways we can help save retail before we reopen.
President of Starboard, Hans Hansson, joins the Commercial Brokers Association (CBA) roundtable for a discussion on how you can be successful in sales during uncertain times.
Hans Hansson is principal of Starboard, San Francisco’s largest private commercial brokerage. How can businesses survive when their doors are shut or their sales are drastically reduced? Right now he advises commercial tenants to negotiate 3-month delay of payment and adding those extra months to the lease or 3 months of free rent that can be amortized for the remainder of the lease. Hans has been a trusted advisor for commercial property owners as well as tenants for over 35 years.
When it comes to rent, one approach is to offer a percentage of gross revenues. For retailers, rent typically comes to 6% to 8% of sales, according to Hans Hannsson, president and founder of Starboard Commercial real estate. With that in mind, companies can offer to pay that percent of current revenues, the latter defined as "whatever comes through the door," he says. In fact, says Hannson, this strategy can be followed by any business looking for a break on office rent.
During this Coronavirus pandemic, many tenants are having issues paying rent and handling employees. We talk with Hans Hansson, President of Starboard Commercial Real Estate/TCN Worldwide in San Francisco, who shares a list of valuable tips and information that can help tenants dealing with the COVID-19 crisis.
The retail industry was in trouble before the virus. Online retail and e-commerce sites changed consumer spending habits and the high costs of running a brick-and-mortar retail had a negative impact on the industry. The COVID-19 shutdown could prove the final nail in the coffin unless bold actions are taken by governments, landlords, and retailers to alter the course. Here are four ideas that could not only ease the way forward for retailers, but begin the process of real growth for the industry.
If real estate prospecting is about establishing a relationship with potential buyers and sellers, there’s no better way to take that relationship to the next level than a little face to face time. Just shaking hands with someone you’d like to do business with is a powerful experience, as explained to us by one of California’s leading commercial real estate experts, Hans Hansson.
Hans is the founder of Starboard Commercial Real Estate and author of the new book, “Stop Selling Yourself Short.” Here he is with today’s tip.
New article written by Hans Hansson explains all the ways Prop E will destroy San Francisco's economy.
In his very first book release, Hansson shares a compilation of articles he has written over the course of his 40 years in the sales industry, diving deep into his personal experiences and sharing invaluable lessons learned to teach the next generation of salespeople how to adapt and succeed in any period of their career.
The new book covers an array of subjects applicable to sales professionals at any stage in their career. From learning how to build strong client relationships and growing your pipeline, to navigating through harsh economic times, Hansson provides the knowledge and tactics necessary to move forward and succeed in sales.
Hansson points to city regulations and, in particular, zoning laws that require additional approvals for chain businesses with over 12 locations from setting up shop in parts of the city, as making retail space harder to lease out.
The San Francisco Board of Supervisors has voted to place a retail vacancy tax on the ballot next year. If it passes, it will add yet another layer of failed retail legislation on top of the old.
Landlords could soon be charged for leaving their retail space empty if voters approve a measure heading for the March 2020 ballot. Hans Hansson, a managing principal at Starboard Commercial Real Estate, wrote in an April guest opinion for the San Francisco Business Times that the actual number of landlords choosing to keep units vacant is very small. Rather, landowners with vacant spaces face a multitude of challenges to filling them up. Hansson said there were 340 vacant storefronts in the city at that time.
San Francisco's push to penalize landlords for empty storefronts could land on next year's ballot if the city's Board of Supervisors gives it a final thumbs up. Hans Hansson, a managing principal at Starboard Commercial Real Estate,wrote in an April guest column for the San Francisco Business Times that the actual number of vacancy-indifferent landlords is very small, and a majority of landowners with vacant spaces run into a multitude of other factors in trying to fill them up. Hansson said there were 340 vacant storefronts in the city at that time.
Starboard President, Hans Hansson, publishes an open letter to San Francisco's Mayor urging her to take action and reform the City's Formula Retail restrictions.
The number of restaurants and bars closing around Oracle Park is not a surprise. With the San Francisco Giants struggling to attract fans after three consecutive losing seasons and restaurants around the ballpark counting on business from large crowds — this was inevitable.
Starboard Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, is proud to announce the expansion of Perform for Life (P4L) gym in San Francisco. The newest location will open November 1st at 650 Mission Street in the Financial District of San Francisco. This will be the third location in the city and the second lease that Starboard Commercial Real Estate has secured for P4L.
Starboard Commercial Real Estate is pleased to announce the sale of 895 O'Farrell Street in San Francisco, California. Susan Jordan, with Starboard, has been the exclusive agent working on the sale, which has now closed for $9 Million. For over 50 years, the 9,596 square feet property has been home to Mitchell Brother's O'Farrell Theatre, which is located on the corner of O'Farrell and Polk Street inside the Van Ness Corridor. Although the buyer has not shared official plans for the building, the future is presumably bright.
Starboard Commercial Real Estate, San Francisco based commercial real estate firm, is proud to announce the exclusive leasing engagement for "The Shops at Livermore," a newly constructed 114,000 sf shopping center in Livermore, California, located directly across the street from the 600,000 square foot SIMON owned San Francisco Premium Outlets.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce Craig Hansson as the winner of the Commercial Brokers Association (CBA) Awards for 2018 Achievements for "Largest Sales Transaction of 2018."
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is proud to announce The Franklin Building, located at 1624 Franklin Street in Oakland, as the new headquarters to the California Minority Counsel Program (CMCP), a non-profit helping promote diversity in the legal profession by providing attorneys of color with access and opportunity for business and professional development.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce agent Frank Vella's election to the San Mateo Association of Realtors (SAMCAR) Board of Directors.
This has been the site of the Mitchell Brothers’ O’Farrell Theatre since July 4, 1969. And now, the property is on the market at $10 million or leased for a monthly rent of $39,000, says exclusive agent Starboard Commercial Real Estate. But most significantly, the property is attracting residential developers, says Susan Jordan, broker with Starboard Commercial Real Estate.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale or lease of 895 O'Farrell Street in San Francisco, California. Starboard has been chosen as the exclusive agent. The property is on the market for sale for $10 million, or can be leased for a monthly rent of $39,000.
While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales are already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.
Poseidon Asset Management Partners with Jake Levinson of Starboard Commercial Real Estate to Open First Office in Hayes Valley
When it comes to success in any area of your life, continuous improvement is part of the job. And intentions are great, but it's the actions you take that decide your outcomes. Need some ideas on ways you can improve? Here are the habits 19 successful founders and executives say they practice to push themselves to the next level.
The San Francisco Planning Department is under pressure from all sides to develop more affordable housing and to improve the efficiency of San Francisco’s planning process. Critics in search of answers to what has caused The City’s affordable housing crisis have started to point to the entire entitlement process as a leading cause of why housing prices are so high while supply remains so low.
Starboard Commercial Real Estate, privately owned and San Francisco-based commercial real estate firm, is pleased to announce the opportunity to purchase 750 Florida Street in San Francisco, California.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale of 570 Market Street in San Francisco, California.
Supervisors Katy Tang and Ahsha Safai have introduced legislation that is intended to attract small businesses to their respective districts by shortening the entitlement and construction permitting process. The legislation proposes to create a two-year program that will allow small businesses to set up their businesses and streamline the permitting process that, currently, can take six months or more to complete. The legislation would also allow a reduction in the time required for permits necessary for a storefront to switch from one use to another — if a laundromat were converted into a restaurant, for instance. This currently requires a Zoning Change of Use. Further, in many cases, uses are not allowed without securing a Conditional Use Permit (CUP). Tenants are often required to secure both permissions, a very expensive and time-consuming process.
Starboard Commercial Real Estate, privately owned San Francisco commercial real estate firm, is pleased to introduce to the market 930 Sir Francis Drake Boulevard in San Anselmo, CA.
Sunhill Corp. has picked up two adjacent buildings in San Francisco from a private investor based in Manhattan Beach, Calif., for $13.3 million. The seller acquired the assets, which offer a combined 27,800 square feet, in 1986 and 1992, according to public records. Starboard Commercial Real Estate represented the buyer in the transaction.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale of 122 and 130 9th Street in San Francisco, California.
A San Francisco-based investor has acquired a 24,750-square-foot retail center in Roseville, Calif., for $4.5 million. Starboard Commercial Real Estate arranged the transaction.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale of 318 N. Sunrise Avenue in Roseville, CA.
Commercial real estate brokers tell the Investigative Unit their agents are having a harder time selling San Francisco. They say trash, feces, and used needles scattered along the city’s streets and sidewalks are part of the problem. Bigad Shaban reports.
Chinese-backed Z&L Properties Inc. started construction on a rare, 109-unit condo project at 1554 Market St. in San Francisco.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale closing of 1601 Mission Street.
Starboard Commercial Real Estate has closed the sale of a San Francisco condominium development site in the South of Market district for $28.5 million. The buyer, a private investor, acquired the 0.6-acre parcel once it had secured entitlements for the site. The new owner plans to build a property containing 220 condominium units over about 7,000 square feet of retail in a mid-block passageway through the center of the development.
San Francisco’s Board of Supervisors recently heard the results of a long-anticipated report from Strategic Economics for the OEWD (Office of Economic and Workforce Development), on the current and future state of retail in San Francisco. The report found that although the overall vacancy of retail is low, at under seven percent in most districts, many are buildings that have been vacant for a long time. Brick and mortar retailers nationwide often struggle to keep up with changes in consumer buying habits and the increase in online spending.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale closing of 1601 Mission Street.
San Francisco has one of the toughest formula retail laws in the country. If you have more than 11 stores anywhere in the world, you could classify as a formula retail. Formula retail uses are commonly referred to as “chain stores.”
We rank Bay Area commercial real estate brokerages by square feet of space leased and sold for clients. Information was obtained from company representatives.
San Francisco has one of the toughest formula retail laws in the country. If you have more than 11 stores anywhere in the world, you can be classified as a “formula retailer,” also known as a chain store. In San Francisco, formula retailers must go through an extensive public review process that is costly, timely, and creates uncertainty about whether you will be allowed to open a particular store or business in neighborhoods throughout the city.
Manufacturing may be on the decline, but advanced manufacturing companies such as Tempo Automation want to grow in San Francisco and are snapping up hard-find-industrial space.
Tempo Automation has signed a 42,000-square-foot industrial lease for a building near downtown San Francisco. A Starboard Commercial Real Estate team led by Sean Ford and Trevor Griffith facilitated the lease between the tenant and the owner, Byer California Inc., a clothing manufacturer who occupies part of the structure. Tempo, an electronics manufacturer, will establish its new headquarters in the space.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the leasing of 2450 and 2460 Alameda Street.
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the leasing of 2450 and 2460 Alameda Street.
Starboard TCN Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, today announced the sale of 3286 and 3290 Arden Road in Hayward, CA in October 2017.
-The Registry SF
Starboard TCN Worldwide has sold two industrial condominium units totaling 8,700 square feet in Hayward, Calif. The sale comes after the industrial company‘s newest board of directors appointment.
-Commercial Property Executive
Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, today announced the sale of 3286 and 3290 Arden Road in Hayward, CA in October 2017.
-Cision
Starboard Commercial Real Estate is pleased to announce 2460 Alameda Street available for commercial lease. The building owner, Byer California, Inc., established manufacturer of women's clothing, is leasing the building for the very first time since its initial purchase. The property was built in 2010 and is very well maintained. It's located in the heart of the city and offers ample size and configuration to suit a variety of production, R&D, distribution and creative needs.
- Cision
C.J. Rico has been hired to manage North Bay properties for Starboard Commercial Real Estate, a privately owned San Francisco commercial real estate firm that has expanded to this region. A senior sales and leasing specialist, he has more than 10 years of experience and previously worked at Keegan & Coppin, where he leased and sold 500,000 square feet of commercial properties.
-The Press Democrat
Office kegs, trampolines, rooftop bars, artistic aesthetics, hued lighting, and electric car parking are just a few of the unconventional requirements tenant representation agents are asked to find for their tech company and startup clients. San Francisco’s commercial real estate brokers who specialize in tenant representation are given a tall order to accommodate the demands of start-up culture for the influx of companies moving into the city. Over the past 20 years, San Francisco has pivoted from a conventional banking and financial hub with classical architecture and conservative offices to today’s technology capital with innovative and creative office environments.
-cre.tech
Starboard Commercial Real Estate extends its services north at a time when both office and warehouse properties continue to tighten in San Francisco. Companies trying to keep their business in the Bay Area are looking at other leasing markets and the North Bay offers affordable space alternatives.
On the heels of the recent tragic Oakland fire, the San Francisco Board of Supervisors is working to protect our artist community by preventing enforced building code inspections in an effort to avoid artist displacement and to protect similar use of buildings.
- The Registry
Starboard Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced the sale of 1088 Howard Street in San Francisco.
The property was sold at one of the highest building prices per square foot in western South of Market (SOMA) district in recent history. Starboard brokers, Craig Hansson, Jerry Adamson, and Hans Hansson represented the seller, who received multiple bids and ultimately sold the property to a local buyer in a 1031 exchange for just over $1,000 PSF.
- PRNewswire
Starboard TCN Brokers Yoav Ben Shushan, Richard Gumbiner, Craig Hansson, and Hans Hansson were listed as brokers for the top three deals in Q3 2016. The number one deal by Yoav Ben Shushan and Richard Gumbiner of Starboard TCN closed at $45,000,000 at 78,000 square feet.
- PRNewswire
Last quarter, four transactions in Union Square totaled over $330M, making Union Square one of the hottest neighborhoods in San Francisco. The area has some of the oldest stock and most iconic buildings in the city. Union Square also has one of the nation's highest retail rents at $650/SF, according to data from Llenrock Group.
- Bisnow
Starboard TCN Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced new property- 1088 Howard Street - on the market.
Located in the SOMA neighborhood of San Francisco, the 3,000 square foot space sits in a thriving neighborhood that provides a mix of warehouses, swanky nightspots, art spaces, loft apartments, furniture showrooms and Silicon Valley tech businesses.
- The Registry
Starboard TCN Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced the recent leasing of 973 Mission Street as the new permanent campus to Proof School, a secondary school in San Francisco for talented kids who love math. Starboard principal, Hans Hansson and Starboard Sales and Leasing Representative, Craig Hansson negotiated the deal.
- PRNewswire
Union Square continues to heat up with another deal finalized in recent weeks. 420 Taylor Street Partners sold its 78k SF office building at 420 Taylor St to New York-based Seven Equity for $45M in an off-market transaction.
- Bisnow
Today, Starboard TCN, leading San Francisco commercial real estate firm, providing clients with all-inclusive services since 1991, today announced the sale of 59 Bill Drake Way, in Pacifica California. The 4700 square foot property has been home of the Pacifica Tribune since 1959 and the street on which the building resides was named after a hometown legacy and Tribune founder, Bill Drake.
- The Registry
Starboard TCN Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced that Starboard's senior sales and leasing specialist, Craig Hansson, has been appointed as Co-Western Regional Vice President, by TCN Worldwide Real Estate, an alliance of top independent brokerage firms. In Addition, Starboard TCN named its second quarter GoalMakers to Gerald Adamson, Richard Gumbiner, and Craig Hansson.
- PRNewswire
The two-story building sold to a Canadian investment company for $5,750,000. The property is located in a prime location, near the Highway 101/Van Ness corridor and offers approximately 11,000 square feet for potential development.
Richard Gumbiner, Starboard TCN Broker Associate, considered the property a "diamond in the rough" as the building was an existing two-story commercial property with retail and office tenants on a deep lot with a 65-foot height limit, making it a prime development site.
- PRNewswire
Afters years of analysis, the City Planning Department is actively implementing the Eastern Neighborhoods Area Plans approved in 2009. It is notifying building owners who leased industrial spaces to office tenants without formally converting their properties to office use that they must evict their tenants or be fined $250 a day. There is still an opportunity to reverse the Planning Department's changes to zoning and permit regulations so that the law benefits both small building owners and their tenants.
If landlords are fined or forced to evict their tenants, it will have an enormous impact on small building owners as well as many tech office tenants.
- San Francisco Chronicle
Starboard TCN, San Francisco's largest independently owned commercial real estate firm, this year celebrates its 25th anniversary.
In 1991, Hans Hansson, Doron Baruth and four other principals set out with a vision to bring Bay Area investors, tenants and landlords the highest level of local real estate expertise, combined with a global reach. Over the course of the last 25 years, Starboard has made that vision a reality.
- PRNewswire
The San Francisco Planning Department has recently hired six new site inspectors to begin the process of enforcing production, distribution and repair (PDR) violations on landlords who are renting to office tenants illegally. Landlords receiving letters alleging illegal use are required to set up appointments with site inspectors to verify how their buildings are being used. If office use is identified, then the landlords will be required to evict their tenants.
- San Francisco Business Times
Starboard TCN Worldwide, San Francisco's largest independently owned commercial real estate firm, today announced that Sales and Leasing Associate Jerry Adamson has been selected by the Northern California Commercial Association of Realtors (NCCAR) as its Junior Sales Associate of the Year for Production. Jerry was selected by a panel of industry leaders and honored at a special event on Thursday, January 14, 2016, at the Embassy Suites in Milpitas during the NCCAR board of Directors installation.
- PRNewswire
Starboard TCN Worldwide will participate in a new strategic alliance with leading European commercial real estate advisor GVA Worldwide.
H. Ross Ford III, President & CEO of TCN Worldwide Real Estate Services, and David Greene, Chairman of the TCN Worldwide Board of Directors, together with Patrick Morrissey, Chairman of GVA Worldwide, announced that the international real estate advisors have agreed to create an alliance that extends the scope and capability of their respective organizations into key strategic markets.
- PRNewswire
Starboard Commercial Real Estate, the largest independently owned commercial real estate company in San Francisco, today announced the closing of two substantial commercial real estate deals-- 559-567 Sutter Street and the Mission Creek development site, in San Francisco's Mission District.
559-567 Sutter Street is an outstanding property sold to Pearl Law Group for $9.5M. Located in San Francisco's Union Square District and consisting of 17,595 (RBA 18,825) square feet, the two-story building offers a wealthy mix of retail and office space.
- PRNewswire