The 1980’s center which at one time was shadow anchored by a grocery store was facing an uncertain future. Heritage Oaks Shopping Center struggled after the grocer exited its space and was temporarily replaced by a community college. The center’s occupancy hovered around 30% even having been under assignment with several of the major brokerage firms in town. The vacant … Read More
Oakline Square
The two-story office building had been managed by a large local firm for several years. Upon receiving the assignment, Foresite’s property management team evaluated the historical income statement and prepared an operating budget. The class B+ building was experiencing cashflow shortages in spite of a steady occupancy over 90%. Foresite carefully reviewed each lease and amendment and compared it to … Read More
Grandview Gardens
Foresite was contacted to perform a thorough review of a shopping center under contract. The center featured below market rents and above market occupancy. The shopping center had never had a vacancy for more than a year and was located in an area with high household incomes. The buyer was a first-time buyer of investment real estate and his attorney … Read More
Multimedia Company
Multimedia Company, a magazine and logistics company was a portfolio account we represented. In addition to the corporate real estate locations, we also supported the locations for each of their publications. One of which, Kayak magazine based in Washington state, needed relocation space due to an issue with their space. In performing the needs assessment with the only two employees … Read More
