Corfac News

One of the key advantages of being affiliated with the CORFAC International network is the opportunity to connect with regional firms to generate ideas and develop new business. Last week members from the Los Angeles-based CORFAC affiliate The Klabin Company and San Francisco-based affiliate TRI Commercial gathered for a regional networking session.

While in San Francisco on a client’s behalf, LA-based Todd Taugner and Frank Schulz, SIOR, with the Klabin Co., organized a meet up with TRI Commercial at its San Francisco office. TRI had representatives from San Francisco and the East Bay in both office and industrial disciplines, including Tom Martindale, SIOR, Dick Sullivan, Anton Qiu, Bill Wilson, Scott Vix, John Perkins, Bradford Whitaker and Barry Bram, CCIM, LEED-AP.

“The exchange was very informative and a lot of progress was made in forging a better relationship, which we all hope will result in future opportunities,” Martindale said. “Todd and Frank were interested to learn that San Francisco is experiencing some cracks in the veneer in Class A office rates – CBD third-quarter absorption was negative for the first time in years and there is emerging rate resistance causing flight to Oakland, plus a steadily increasing supply of office sublease space.”

The experts from Klabin discussed a range of Southern California trends, among them the 1 percent vacancy rate for industrial product near Long Beach and the emerging creative reuse of old inventory in the LA market.