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• McNellis: Death of the Elevator 05/25/2020
  By John McNellis Real Estate in the Plague Year Without the elevator…there could be no downtown skyscrapers or residential high-rises, and city life as we know it would be impossible…the elevator’s role in American history has been no less profound or transformative than that of the automobile…“If we didn’t have elevators…we would have a megalopolis, […]
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• Concord Apartment Complex Sells for $26.8MM 05/25/2020
  CONCORD, Calif., May 4,2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Lakes, a three-story, 102-unit garden-style multifamily asset in Concord, California. The property sold for $26.8 million, ($262,745 per unit). Adam Levin and Robert Johnston represented […]
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• Granite Awarded California $10MM Highway 1 Paving Contract in Northern California 05/22/2020
  WATSONVILLE, Calif.--Granite (NYSE:GVA) has been awarded a contract in Mendocino County, California for the Highway 1 Overlay near Gualala by the California Department of Transportation (Caltrans). The $10 million contract will be booked in Granite’s second quarter 2020 backlog. The scope of Granite’s work includes pavement overlay along coastal Highway 1 from the Sonoma County line to Point Arena. […]
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• Industry Veteran Terry Meyer Returns to Intero as Vice President and Managing Officer of Los Gatos Office 05/22/2020
  Meyer Brings His 35 Years of Experience Back to the Brokerage He Helped Start in 2002. CUPERTINO, Calif.–Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is proud to announce the hiring of Terry Meyer as Vice President and Managing Officer of the Los Gatos office. This announcement comes on the heels of the […]
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• Extension of San Francisco Commercial Tenant Eviction Moratorium and Impact of Proposed California Senate Bill 939 05/22/2020
  By Manuel Fishman & Jonathan August On May 14, 2020, San Francisco Mayor London Breed issued a second extension of the City’s commercial eviction moratorium and rent deferral program for small businesses with less than $25 million in 2019 gross receipts. The extension grants rent relief for rent due and payable through June 16, 2020. On April […]
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