Entries by Dave Peterson

Lack of industrial inventory starting to have an impact on rents in Sonoma County.

Rents for industrial/warehouse buildings have increased to $.85-$.90/sf gross on a number of properties in Santa Rosa. This is 15%-20% increase from leases that were done 12-18 months ago. Currently, there are over 750,000sf of industrial requirements circling build-to-suit opportunities due to the lack of inventory of properties 20,000sf and above. Most of those building […]

Confidence in Market Leads Basin Street to Major Reinvestment in Santa Rosa

On October 3rd, Basin Street Properties re-acquired 17 office buildings consisting of nearly 700,000 square feet throughout Santa Rosa and the North Corridor markets. Basin Street developed or acquired these properties in the early 2000’s prior to selling them to Equity Office Properties in 2005. The 17 buildings were approximately 77% leased at closing and […]

Basin Street Properties Offers Tenant Advantage Program (“TAP”)

Basin Street Properties’ recent acquisition has made them the largest commercial property owner in Sonoma County. Their dominant ownership presence throughout Northern California and Nevada has provided them the ability to differentiate themselves by providing their tenants with their Tenant Advantage Program. The program is a ‘one of a kind’ incentive that no other property […]