SF and several other Bay Area cities lobby for Amazon headquarters

Thursday was the deadline for cities to submit a potential site to Amazon for its upcoming, Apple UFO-like $5 billion new North American headquarters, a secondary hub that the company says will compare in size and scope to its existing Seattle headquarters.

Naturally, Bay Area cities are clamoring to draw company CEO Jeff Bezos’s eye. In all, nine local cities want to attract Amazon with prime real estate, including a coalition of seven cities, dubbed the Northern Arc, who submitted jointly.

Read more on Curbed SF

 

What Do NAFTA Negotiations Mean for Industrial Real Estate?

President Donald Trump recently called the North American Trade Agreement (NAFTA) the “worst trade deal in history” and said he would renegotiate or dissolve it. He also discussed the possibility of slapping a 35 percent tariff on Mexican-made products imported to the United States.

NAFTA logistics activity has generated tremendous capital investment in U.S. industrial real estate over the last 20 years.

Read more on National Real Estate Investor

Economy Watch: Bioscience Firms Will Pay Premiums for Prime Space

Life sciences employers are willing to pay high rents to be near hard-to-find talent. With laboratory space being scarce and rents continuing to rise, firms are facing the pressure to make their spaces desirable while keeping costs under control.

Read more from Commercial Property Executive

Video: Round Outlines Of Chase Center (a.k.a. Warriors Arena) Take Shape In New Drone Footage

Matt Roberts, the same drone videographer who has been dutifully giving us monthly updates on the new Apple campus for years now, now brings us an early look at the progress over at the new Warriors Arena in Mission Bay, a.k.a. the Chase Center.

The 18,000-seat arena is expected to be complete in two years time, by late 2019.

Read more from SFist

Bay Area Industry Sentiment Study: Still Strong

In The Registry’s second edition of the commercial real estate industry survey conducted in partnership with Wendel, Rosen, Black & Dean LLP, they explored some of the same questions that they had about the state of the market in the Bay Area earlier in the year.

Read more from The Registry

 

5 Ways to Vet Potential Commercial Real Estate Tenants

Don’t expect landlords to rent out their commercial space to the first tenant who puts in an offer. In many cases, landlords have a lot of variables they consider when deciding to accept an offer to lease. This can include things such as background checks, reviewing tax returns, credit reports and references or even just connecting personally with a tenant. Here are five ways to vet a potential real estate tenant.

Read more from NAI Global

CoStar Market Insights: San Francisco/East Bay Ranks Top for Meeting Amazon’s HQ2 Search Requirements

The San Francisco-Oakland-East Bay metro area came out on top in a ranking of more than 50 major U.S. metros that fit Amazon’s requirements and preferences for locating a second national headquarters. 

An interesting possibility could be the Oakland Coliseum Complex. All three of the professional teams currently using the facility have plans to leave within the next few years leaving the 130-acre property with no set future.

Read more from CoStar