Q1 2019 East Bay Market Report

While leasing lagged to start the new year, the investment sales market did anything but disappoint. CIM Groups portfolio offering was won by Starwood Capital Group, snatching up four properties (three buildings and one parking garage) for $512,000,000. The office portion alone hit $515 PRSF in aggregate, sending speculators spinning. Look for new construction and existing renovation deliveries through the end of 2019 to spark the leasing sector back into the headlines.