San Francisco Lots In Play As Office Market Heats Up

Law360, New York (May 15, 2012, 4:17 PM EDT) -- After years of hibernation on the new construction front, office developers are starting to eye San Francisco's vacant lots in an effort to meet a gluttonous demand for large offices from the city's booming tech industry, experts say.

Development companies like Tishman Speyer Properties LP have picked up several acres of land in the past few months and are planning more than 500,000 square feet of new offices, cumulatively. In the popular South Financial District alone, "approximately 1.5 million square feet of new, ground-up development could...
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