Basin Street Properties Celebrates Over 700,000 Square Feet of Office Leasing in 2023

Basin Street Properties, a prominent norther California and northern Nevada real estate investment, development, and management firm is pleased to announce a successful 2023 for office leasing.  Across its three markets (Reno, Sacramento, and North Bay) Basin Street completed 76 new leases totaling 294,408 square feet and 124 renewals totaling 444,150 square feet.   Basin Street maintained 89% occupancy across its portfolio.

“The leasing activity by new and existing tenants indicates their attitudes towards the economy and their office needs,” said Scott Stanzl, Chief Portfolio Office at Basin Street Properties. “Businesses continue to see the benefits of a Class A office for productive teams and attracting and retaining clients.”

In the North Bay, Basin Street signed 35 new leases for 129,622 square feet and 76 renewals for 244,828 square feet in 2023. We signed new leases with Santa Rosa School District, Muir Wood and Bay Alarm taking 28,067 square feet. Basin Street also renewed CamelBak, Abbey, Weitzenberg, Warren & Emery and National Instruments for a total of 58,558 square feet.

“We succeeded in attracting tenants moving to quality as they evolve with hybrid work arrangements and right size to smaller spaces,” said Stranzl. “Businesses desire quality space and amenities like fitness centers, conference rooms, concierge service and cafes to optimize the office experience and draw team members back to the office.”

In Sacramento, Basin Street signed 29 new leases totaling 114,045 square feet and 31 renewals for 123,372 square feet. New leases with Pacific Charter Institute, Samsung Electronics and Gannett Fleming totaled 30,646 square feet. We also renewed Ameriprise Financial, TY Lin and Blackrock for a total of 23,640 square feet.

In Reno, Basin Street executed 12 new leases for 50,742 square feet and 17 renewals for 75,950 square feet. New leases with NCE Engineering, DL Freight Solutions and City of Reno totaled 23,701 square feet. Basin Street renewed and expanded Kaempfer Crowell from 7,340 square feet to 16,319 square feet and renewed Clear Capital and Northern Nevada Bath for a total of 35,097 square feet.

Basin Street expects this momentum to continue in 2024.  Interest rate hikes have plateaued, and we anticipate achieving the soft landing we hoped for with the economy.  We have positioned our properties to attract rightsizing new tenants and our team works hard to maintain high satisfaction with our existing tenants.

We are grateful for our hardworking brokers, property managers, engineers and many other team members and vendors across our markets keeping our properties looking great and helping our tenants succeed.

 

ABOUT BASIN STREET PROPERTIES:

Basin Street Properties, established in Petaluma in 1974, is one of Northern California’s and Northern Nevada’s most prominent developers, investors and managers of commercial properties. The company owns and manages over 5 million square feet of Class A office space. Basin Street is widely recognized for its office, retail, hospitality, multi-family and mixed-use developments. The company offers a broad range of real estate services, including development, leasing, property management, construction management, financial and asset management, and property acquisition and disposition. For more information, visit basin-street.com.

Media Contact:

Mike Williams
mwilliams@basin-street.com
530.448.1986

 

Sonoma State to Host Oxford Consortium Workshop

Sonoma State University will host The Oxford Consortium for Human Rights (OCHR) Workshop Series:  Human Rights, Activism, and Community Action from January 11 to 15.

The Consortium currently hosts annual spring and summer workshops for students and faculty in Oxford in collaboration with the Oxford Institute for Ethics, Law and Armed Conflict (ELAC).

With a goal of engaging students and faculty in conversations and skill-building around the theory and practice of community action, the workshop at Sonoma State will kick off the 2024 workshop series.

“We are delighted to once again be partnering with Sonoma State University to host this workshop,” said Professor Sujata Gadkar-Wilcox, OCHR Executive Board Member. The long tradition of civil rights activism in the region’s farmworker community was among the reasons they chose this site, noted Gazkar-Wilxoc, who is Chair of Law and Justice at Quinnipiac University,

“The impact of these workshops for students cannot be overstated,” said Troi Carleton, Dean of SSU’s School of Social Sciences, noting the response of students who participated in 2022.

“Students told us they came in thinking they didn’t belong, and they left knowing they did,” she said. “We are honored and grateful to be in partnership with OCHR and in the work they’re doing to elevate human rights in the world – starting with young people in these workshops.”

Organizers expect about 50 student and faculty participants sponsored to attend by their institutions. Sponsors include Cal State Pomona, Cal State LA, the University of Texas, the University of Oregon, Quinnipiac University, and Northwestern Community College, among others.

Some of the questions that will be considered as participants hear from scholars, engage in discussions and work groups, and learn from local activists:

  • How do we mobilize responses to build compassionate and just communities?
  • How do we integrate the personal and the political?
  • What is the role of international human rights principles on the scale of a small local community?

https://news.sonoma.edu/article/sonoma-state-host-oxford-consortium-workshop