California + Bay Area + Office | August 15, 2023

CalCPA Sells Burlingame Offices for $15M

CBRE’s Capital Markets team in San Francisco brokered the sale of 1710 Gilbreth in Burlingame for $15.1 million to a private investor. The firm’s Kyle Kovac, Mike Taquino, Joe Moriarty and Giancarlo Sangiacomo represented the seller, the California Society of Certified Public Accountants (CalCPA).

Built in 1950, the three-story, 34,504-square-foot office building was significantly renovated in 2017 with new exteriors, interiors and structural retrofit.

Demand from office and R&D tenants throughout the San Francisco Peninsula increased in the second quarter this year to more than 2.1 million square feet, according to CBRE Research. Burlingame had the largest net absorption and one of the lowest vacancy rates on the Peninsula.

CalCPA supports the professional growth and development of certified public accountants and related professionals working in public accounting firms and businesses throughout California. The organization recently relocated to and expanded its presence in Sacramento.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

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CBRE's Kovac

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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