April 9, 2013, Oakland, CA – NAI Northern California is proud to announce the addition of Patrick Shurr as Broker Associate, specializing in Office Sales and Leasing throughout the greater Oakland area. Mr. Shurr has over 25 years of business experience, 12 of which as a successful Commercial Real Estate Broker. He has consistently found the right properties at the right price and right location for his wide portfolio of clients. Mr. Shurr has secured over 150,000 SF for clients totaling over $9MM in transaction volume.
He is a member in good standing of the National Association of Realtors, The California Association of Realtors, the Northern Solano Association of Realtors, and BOMA. Aiding to the expansion across Northern California, Mr. Shurr is amongst a growing number of new team members NAI has added within the recent months.
“It is an exciting period right now for NAI Northern California. Our team is growing at a rapid rate and we have added extremely ambitious and driven individuals to our team, expanding our experience and expertise to a new level. With the first quarter of 2013 behind us, we are enthusiastic about our teams expansion and what the future holds”, James Kilpatrick, President.
NAI Global has 350 offices worldwide and is a top 5 Commercial Real Estate firm. NAI Northern California is the bay area member and was named a Top Commercial Real Estate Brokerage by the Business Times. We pride ourselves on our track record, culture, and growth. We deliver the best and expect the most of our talented and motivated professionals and staff. Our superior technology, global platform and local and national relationships, add to our competitive advantage.
Wood Partners started construction on a $43.7 million mulrtifamily complex at 2090 S. Delaware St. in San Mateo, CA. The 111-unit community will consist of two three-story buildings with subgrade parking. Its delivery is set for the spring of next year.
It is on 2.4 acres next to the Caltrain Rail Line at the north end of Silicon Valley, about halfway between San Francisco and San Jose.
“This new project will provide transit-oriented housing to an area that has seen only one new apartment community since the early 2000s,” said Brian Pianca, a development director in the firm’s San Francisco office. “There is strong job growth in the area, but a significant lack of new apartments.”
Each unit will average 970 square feet with one-, two- and three-bedroom homes. The project will feature a fitness center, resident lounge and club room and amenity decks.
The South Delaware Street property–formerly a commercial/light industrial building–traded last summer for $5 million.
CityView’s 143-unit Berkeley Central is now 55 percent leased after welcoming its first residents last December.
The project, at 2055 Center St., is the first new major apartments to open in Downtown Berkeley in years and brings a new level of luxury and sophistication to the market.
CityView, a real estate company founded by former federal housing secretary Henry Cisneros, bought the development for $60 million last summer when it was still unfinished.
The project was developed by Dallas-based SNK Realty for roughly $81 million, but stalled during the recession until CityView snapped it up and brought it to the market as
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Blanca Torres – San Francisco Business Times.
The Zoning Adjustments Board approved a new 78-unit apartment building for downtown Berkeley in a 5-2-1 vote Thursday night.
But opponents of the plan, who have criticized the new building’s potential impacts on its neighbors, say they will definitely appeal the decision to the City Council.
The building, called “The Durant,” is set to have frontage on both Durant Avenue and Channing Way; it’s set mid-block between Shattuck Avenue and Milvia Street. The south side of the building is proposed to rise to four stories, and the north side to reach six. (The developer had originally proposed eight stories on the north side but recently reduced it to six after the City Council lowered fees relating to affordable housing requirements.)
Commissioners Deborah Matthews, George Williams, Robert Allen, Steven Donaldson and Igor Tregub voted yes to approve the project, while Elisa Mikiten and Sophie Hahn voted against it. Chairman Michael Alvarez Cohen abstained from the vote because he did not attend the prior meeting and said he hadn’t had time to review the public testimony.
March 13, 2013, San Francisco, CA – NAI Northern California is proud to announce the addition of Jeff Gates as Senior Associate with focus on Net Leased investments, nationwide. Aiding to the expansion across Northern California, Mr. Gates is among a growing number of new team members NAI has added within the recent months. Mr. Gates joins NAI with numerous significant transactions exceeding $22M in sales and over 300,000 SF in leases.
Join James Kilpatrick, Co-Chair of Wharton’s Entrepreneurship Club, and President of NAI Northern California, Saturday March 16th, 2013, from 12 Noon to 1:30 PM for an informational seminar featuring Piaw Na, VP of Engineering at Quark Games. Mr. Na will be discussing “attracting, recruiting, retaining, and keeping engineers happy at a startup”.
Katherine Lilygren, Director of Admissions for Wharton San Francisco, will also be hosting a brief information session on what you can expect from a Wharton MBA experience.
Location: 2 Harrison St, 6th floor, San Francisco, CA
*RSVP Required* to James@nainorcal.com. Lunch will be provided.
More about the event:
Piaw Na is the author of “Startup Engineering Management”, and has worked as an engineering manager at Mpath Interactive, Escalate Inc, and Mirapoint. At Google, he built the release engineering team, and was the tech lead for the hourly/daily crawl/indexing group. He also helped to scale the Munich engineering office. He is currently the VP of Engineering at Quark Games, Inc. He maintains a blog at http://piaw.blogspot.com/.
Katherine Lilygren is Director of Admissions of the Wharton MBA Program for Executives in San Francisco. Prior to joining Wharton, she was the Executive Director of the Berkeley-Columbia Executive MBA Program from 2009-2011, and spent five years as Director of the Executive MBA Program at UCLA Anderson School of Management. Katherine graduated from UCLA Anderson with a Master’s in Business Administration and has her BS in Business Administration from University of Southern California. The admissions blog is here: http://www.whartonexecutivemba.com/whartonexecutivemba_blog/admissions-chats/
James Kilpatrick is the President of NAI Northern California and is involved in a variety of commercial real estate and technology related businesses. He currently attends Wharton San Francisco. Connect with him here: www.linkedin.com/in/jameskilpatrick/
NAI Northern California would like to congratulate Jason Keith on the recent success of a four building apartment portfolio in San Francisco; with the last property due to close in mid February.
Although the properties were sold off market, Mr. Keith achieved an aggressive sales price for the portfolio by discreetly shopping the properties, both as a portfolio and individually, to various extremely active San Francisco apartment building buyers.
The three buildings that have closed were a 6-unit property in Cow Hollow, a 6-unit property in Russian Hill and a 15-unit property in Nob Hill, totaling $7,500,000. The average parameters of the three deals were $320,382 per unit; 13.52 GRM; $385 per square foot and a 4.78% cap. rate. For further details, please contact Jason Keith at 415-226-2028 or by email at firstname.lastname@example.org.
When James Kilpatrick, president of the commercial real estate firm NAI Northern California, was invited to a Wharton executive MBA admissions reception by a friend, he wasn’t really considering pursuing an MBA. But after attending the event “just for fun,” he was so impressed with the students and alumni — and how their Wharton education was impacting their careers — that he began to research MBA programs that very night.
“I saw it as a way to shift the trajectory of my career and move my company forward, but also as a form of personal development. I found that Wharton’s EMBA program was hands down the rightchoice because it’s a world apart in terms of the commitment level and culture of the students and the rigor of the curriculum,” recalls Kilpatrick. “It really spoke to me that world-class faculty and students and top companies from thousands of miles away all had this enthusiastic interest in participating in Wharton’s EMBA program in San Francisco.”
Now a first-year executive MBA student at Wharton | San Francisco, he says a highlight of the program has been the guest speakers. “The Wharton brand is very strong and speakers want to come here. We often get one or two major speakers during class sessions, which leads to a jam packed day, but that’s just the way most of us like it. I recently leveraged the Wharton brand and invited my neighbor Tom Perkins to speak. The cofounder of Kleiner Perkins Caufield Byers is arguably one of the most successful venture capitalists in the history of Silicon Valley and shared unique insights into the world of VC and entrepreneurship, discussing his views on best practices for investors and entrepreneurs, and answering questions about what types of solutions he might focus on if here were in the shoes of our EMBA class.”
Kilpatrick says that in addition to guest talks, Wharton| San Francisco students frequently serve as speakers, sharing their experiences at “industry bytes sessions,” which are organized by their peers. “Some of the students have questions related to their own professional situations or are asking the speakers to talk openly about the details of their career decisions. This private forum encourages frank conversation where nothing is held back,” says Kilpatrick, who recently ran a session on real estate.
Those sessions, he notes, reinforce that Wharton’s EMBA program is the right fit for him. “My classmates have substantial insights to share. Just in the field of entrepreneurship alone, many of them have had multiple exits and that leads to awesome industry bytes sessions that probably wouldn’t be possible if we were in a full-time program with younger students.”
He adds, “This program has been enormously impactful so far not just in cultivating a more entrepreneurial mindset, which I need to spin off a piece of technology in my company, but also to continue to grow my real estate firm. I meet with my management team after every class weekend to discuss theories and techniques that I want to immediately implement. Even though I only started last May, we’ve already covered a lot of ground.”
NAI Northern California has assisted Lennox Industries Inc. in leasing a total of 65,790 SF of warehouse space in 5 Northern California over the past 4 months. Cities including Milpitas, San Leandro, Fresno, Concord & Stockton. Total transaction value was over $2.2M in lease considerations.
Lennox Industries, Inc. produces a wide range of innovative, energy-efficient and cost-effective HVAC systems designed to reduce the operational costs, energy consumption and environmental impact of commercial buildings. An industry leader in protecting indoor air quality, occupant health and employee and customer comfort. Based in the Dallas, Texas, area, Lennox has manufacturing and distribution facilities across North America.
Andrew Stoddard, Vice President of NAI Northern California, in conjunction with Chris Schupp from NAI Robert Lynn of Dallas, TX represented Lennox Industries in each of the transactions.