Just got back from the Eat Real Festival in Jack London Square. It was way too hot and way too crowded (good for Oakland, bad for us). Friday was a much better day to go even if there was no savory food vendors setup. Not as hot and not as crowded. Anyway, ice cream and beer - what more do you need?

Took a walk down to Barnes and Noble in Jack London. Decided to snap a few pics along the way.

Here's a few shots of the area right outside of B&N.

Next took a walk down to check out the new Jack London Market. Last shot is of Heinold’s First and Last Chance Saloon near the base of the Jack London Market; an old school bar - 126 years old to be exact!

Here are some shots of the new Jack London Market itself. Still not yet open for business as the economy has derailed some of the tenants that were hoping to move in this summer. As such, final interior work has been greatly delayed as the landlords figure out who is going to occupy the lower market floors, as well as the upper office space. When we first were looking at office space a year ago, word was that office space would top $4 per square foot. Fast forward a year later, that number is down to about $3 but still no takers. One of the reasons is that they want to rent large blocks of space (25K minimum) instead of opening it up to smaller tenants. I give them another 3 months before that attitude and the price changes.

Exterior shots of the Northern side including shots from the top of the stairs.

Eastern side with the roll up doors for food vendors to bring in their goods.

The interior of the ground floor where all the small market vendors will be situated.

Shots of the Amtrak station and walking bridge across from the Eastern side.

Southern side of the building. Third shot is of an art piece done by Roger Stoller, a Silicon Valley product designer turned sculptor.

Western side of the building with a similar set of stairs to the Northern side.

Interior shots of the second floor. This is where the many restaurants and coffee shops will be. As you can see, very unfinished.

Amid all the running back and forth of the holidays and an upcoming board meeting, I forgot to mention that Centrro moved offices. We're now in more "professional" settings though still with a small office feel. We didn't go very far, about a block and a half away (from 3rd Street to 4th Street). We're still in shared office space but the building we're in has cubes, a reception area, kitchen, and nice conference rooms. Our office mates are a real estate investor and a couple of lawyers. The owner of the building (and one of our office mates) did a great job renovating the space. Our area is just below a nice skylight so we get a ton of natural light. I was telling Ike that our old offices had these fluorescent bulbs that were slowly killing our brain cells. We literally could feel ourselves getting more and more forgetful and were having trouble coming up with words to describe things.
 
We toured numerous office spaces in Jack London Square and Old Oakland. I can tell the economy is going downhill as I've never seen so many nice Class B+/A office spaces available. We even had brokers telling us to craft unique deals with landlords like paying for only a portion of the space in the first year, then slowly increasing the amount of space we'd "occupy" until we were paying on the full space towards the last year of the lease. Others were just telling us to make an offer ... any offer.
 
We chose shared space once again because we're still trying to keep things lean but also because we're waiting for the new Jack London Market to go online in the first half of 2009. It's a mixed use project that incorporates the largest open air market on the West Coast (bigger than the Ferry Building or Pike Place - see last photo) plus about 100,000 square feet of office space. Not to say we're going to be able to afford an office there but I'm betting that their will be a migration up from existing tenants of Class B+/A space to the JLM building. This is going to flood the market with even more good office space in the area which will put us in a better position to negotiate a good deal sometime in 2009.