COMMERCIAL

DAN HOFFMAN

Former Director of Real Estate and Workplace Services, Google Inc.

“One trend that is abundantly clear is that the big companies are looking to consolidate onto large campuses they are developing or redeveloping.”


KEN ROSEN

Chairman, Fisher Center for Real Estate and Urban Economics, Haas School of Business, University of California, Berkeley

“We are in the sweet spot of the real estate investment cycle. Every product type, as demographics and economics improve, is going to see increasing demand.”


JEREMY NEUNER

Chief Executive Officer, NextSpace Coworking + Innovation Inc.

“One of the myths of coworkers it that it is just a bunch of twenty-somethings that want that dorm-room, frat-house feeling.”


JAMES BENNETT

Partner, Senior Vice President, Life Sciences, Kidder Mathews

“It’s pretty clear that more general technology [companies] are generating the bulk of the [tech-related] employment growth and space absorption locally today.”


JOHN KILROY

President and Chief Executive Officer, Kilroy Realty Corporation

“We are looking at a couple of sizable development deals right now that are close to the infrastructure and amenities that we want.”


MARK GILBREATH

Chief Executive Officer, LiquidSpace Inc.

“Fortune magazine recently referenced that 82 percent of the best places to work that they track are offering workplace flexibility.”


MICHAEL FOUST

Chief Executive Officer and Director, Digital Realty Trust Inc.

“Arguably the Bay Area, Menlo Park and Palo Alto are ground zero for technology investing, and knowing the customers, some of the trends and requirements has been very helpful for us.”


HESSAM NADJI

Managing Director, Marcus & Millichap Real Estate Investment Services

“The Bay Area economy is generally in pretty good shape relative to most metro areas, but it is not setting any records.”


PUBLIC POLICY

MATTHEW MAHOOD

President and Chief Executive Office, San Jose Silicon Valley Chamber of Commerce

“I hear it almost daily from people that getting your business open is hard in the city of San Jose.”


SARAH KARLINSKY

Deputy Director, San Francisco Planning + Urban Research Association

“Urbanism is about a strong and happy marriage between land use and transportation planning.”


LEAH TOENISKOETTER

Director SPUR San Jose

“SPUR is built to serve our cities [and region], to ask, ‘On the whole, what is best?’ and that is a different question from what is good for our members.”

 

Nineteen of the Bay Area real estate’s most prolific protagonists provide a perspective on the market and its currents. Covering employment, commercial and residential real estate as well as public policy issues that shape them, we complied the 2012 Outlook with a perspective on the future and the success that our region is experiencing today.


The actors in the industry are many, and the people featured here represent a cross section of that diversity. Their collective feedback provides an understanding that will enable an intelligent discussion about real estate in any setting. We hope you will agree.


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EMPLOYMENT

MARK BUELL

Chair, America’s Cup Organizing Committee

“We are obviously going to experience some temporary additional demand for residential rentals from people visiting for the cup events.”


GARY DILLABOUGH

Managing Partner, The Westly Group

“I have seen some amazing technologies in the last six months and some amazing leadership.”


RUSS MCMEEKIN

President and Chief Executive Officer, SCIenergy Inc.

“There will be more casualties and consolidation. In the next year or so, you will see the beginning.”


DAN MUELLER

Chief Executive Officer, JudoBaby Inc.

“Two things that were critical were having parking for employees and having access to transit.”


BILL GARDNER

Chief Strategy Officer, JudoBaby Inc.

“It’s a converted warehouse, so the upside is it is very cheap. The downside is that the infrastructure is a little weak for high-speed Internet.”


MARIA SICOLA

Executive Managing Director, Head of Research for the Americas, Cushman & Wakefield of California Inc.

“From a national perspective much of the growth we have seen in employment is in technology-related fields, which creates demand for space here in the Bay Area as well as markets like Portland, Seattle and Boston.”


KIM WALESH

Director of Economic Development, Chief Strategist, City of San Jose

“San Jose has to work very aggressively in this cycle of recovery as things have heated up on the Peninsula to accelerate companies taking San Jose space.”


RESIDENTIAL

STEVE REILLY

Marketing Consultant, Land Advisors Organization

“Sunnyvale, Los Gatos, Fremont—anywhere that is a commute to Silicon Valley is doing very well.”


CHRIS FOLEY

Founder, Principal, The Polaris Group

“But let’s say you have a phased project, each phase was 150 units, and the average size is 950 square feet. I can get that financed all day long.”


WILLIAM FAIDI

Chief Executive Officer, Tribeca Companies

“I think that everyone is cautiously optimistic that there will be a period where things improve, but there is a certain uncertainty.”

 

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