Copper Thieves
Copper thieves continue to “work” in stealing copper from vacant warehouse buildings. They remove HVAC condensate lines, domestic water lines and even copper electrical wire! If you have a relationship with a current security vendor, please DO get your vacant building alarmed. Most vendors have wireless systems available designed specifically for vacant buildings.
Please contact us if you need help with a new vendor.
Fun, GREEN Facts
A new data center built by the Department of Energy will be 94% (!) more efficient than the average data center by recycling 70% of the heat from its computer systems and using it as the primary source of heat for the offices and lab space. The 220,000 square foot, $100 million dollar facility is LEED Platinum certified and is expected to save nearly $200,000 annually in electric costs and reduce carbon emissions by 5 million pounds per year. (Buildings Magazine).
Tri-Valley Industrial Market Update
The tri-valley industrial market continued to improve in the third quarter, lowering vacancy to 13.2%, according to a Colliers International report. Pretty impressive given that this rate has gone down from 14.2% in the second quarter and 15.2% in the first.
The report suggests that property managers are working hard to renew tenants with rental rates generally flat and lease and sale terms to benefit buyers and tenants. As the residential market continues to recover and unemployment decreases, industrial leasing and sales in the tri-valley area are looking very promising.
Standard Pacific homes (alone!) has six communities selling more than 500 units in Dublin, San Mateo, Antioch and Brentwood........and plans to begin selling 50 units in Livermore early next year. Yes..........people are starting to turn dirt again!
Bay Area Real Estate Headlines
Seagate technology has been given the approval of a bankruptcy judge to purchase Solyndra’s huge factory here in Fremont. The 411,618 square foot property located on Kato Road will be sold for $90.3 million, according to a court filing.
San Francisco has launched a green financing program whose first project will be upgrading the energy efficiency of the corporate headquarters of Prologis Inc. at Pier 1 with funding from the Property-Assessed Clean Energy bond. PACE financing helps building owners access capital for a wide range of energy upgrades that can significantly reduce operating costs and eventually pay for themselves. According to the US Department of Energy, buildings consume 40% of the nation’s energy use and other studies estimate that number jumps to 53% in San Francisco.
Overnight shipping tip
You may have noticed that we use Golden State Overnight for all of our overnight delivery needs. That’s because we’ve been continually impressed with their service, for example allowing later pick up times and earlier delivery times. And at a price point about 15-20% cheaper than the “ex” by avoiding national delivery rates, we’re sold.
Having them on “our team” really helps US get to YOU whatever documents, packages, etc. you need quickly and reliably. We will always choose the services we TRUST in order to avoid headaches, and the lower price is just a bonus. Give them a try at gso.com
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