Archives for February 2014

Rehab of Hangar One and Use of Moffett Federal Airfield

GSA, NASA Competitively Select Planetary Ventures, LLC to Begin Lease Negotiations for Rehabilitation of Hangar One and Use of Moffett Federal Airfield

The U.S. General Services Administration (GSA) and NASA have selected Planetary Ventures, LLC as the preferred lessee on a lease to rehabilitate historic Hangar One and to manage Moffett Federal Airfield, currently managed by NASA’s Ames Research Center in Moffett Field, Calif. The lease will put Hangar One to new use and eliminate NASA’s management costs of the airfield.Hangar One NASA

GSA’s Request for Proposals (RFP), issued on behalf of NASA in May 2013, kicked off a competitive process in which the private sector was provided an opportunity to collaborate with the government in rehabilitation and adaptive reuse of NASA’s historic Hangar One and management of the airfield through a long-term lease agreement.

Read the rest of the story in The Registry, here.

Tech Jobs Incredibly Positive for 2014

SFmapThe San Francisco-Silicon Valley region experienced a sizzling 2013 in real-estate development and job growth that were fueled by a young technology crowd. More of the same is forecast for 2014 although the pace will not be quite as dizzying.

Read the source article at The Registry, here.

Bay Area real estate The RegistrySan Francisco and Silicon Valley will also increasingly become symbiotic as tech companies from the Peninsula to the South Bay continue to beef up their office presence in the big city in an effort to attract highly skilled employees who are seeking the urban lifestyle.

Tempering the enthusiasm somewhat are factors that include rising interest rates and a shaky confidence from small companies concerned with the high cost of doing business in California.

Still, “the trend from an office standpoint in this very special geography that we sit in is incredibly positive,” said Carl Shannon, senior managing director for New York-based developer Tishman Speyer. “We’re blessed in San Francisco to have an economy which has overcome the shrinking that is going on in corporate America.”