Did you know the CBRE Bakersfield office is locally owned? Yep. Has been since 2000, when it was acquired by partners Wayne Kress, Duane Keathley, Vince Roche, Jeff Andrew, Phil Fontes, Mark Bonas, and Fred Wilkerson. These guys average 24 years experience in Bakersfield commercial real estate. Meet them… Wayne Kress Since 1981, Wayne [...]
Industrial properties are moving again. Here’s some of what we’ve done so far in 2010: Buildings: Frontend Holdings leased 167,040sf in the Tejon Industrial Complex from Tejon Ranch and The Rockefeller Group. Home Décor Furniture leased 30,000sf at 2501 Union Avenue from W. Reyneveld and T. Pierce. Terminex leased 6,000sf at 3501 Pegasus Road from D. Schimnowski. Western [...]
The purpose of this blog is to provide insights about Bakersfield’s industrial real estate market. I started it in August, 2009, and I’ve posted content every business day. I am grateful for the postive responses it has received. My posts have ranged from thinking about the economy, on all levels, to specific local market stats, [...]
Alex Balfour of CBRE/Bakersfield knows Bakersfield’s medical office market. He’s worked it for four years, and he shares these current observations: Summary Total Size: 2 million sf Location: 61% of it Downtown or near Mercy Hospital Southwest Asking Rent Peak: $1.86/sf/mo (4Q08) Asking Rent Now: $1.73/sf/mo (4Q09) Vacancy Low: 2% (2006) Vacancy High: 10% (1Q09) Vacancy [...]
Check out what’s been happening in Bakersfield’s commercial real estate market over the summer, from this report from CBRE/Bakersfield. http://bit.ly/YJrnQ Of particular note: Bakersfield to lead California’s job recovery.
