Real estate experts see slow Bay Area office demand despite tech optimism
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Assesses current state of Bay Area and LA office markets as oversupplied with too little tenant demand
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Notes tech industry's boom-bust tendencies but sees its long-term prospects in Bay Area as limitless
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Pursuing mixed-use projects focused on location; cites examples like Gateway at Millbrae Station
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Concerned California state regulations like CEQA elongate housing development timelines and bust budgets
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Optimistic about Bay Area's weather, education, and innovation but sees weak office demand for 10+ years