PG&E expands in San Ramon
San Francisco-based PG&E will move hundreds of employees to San Ramon in a major consolidation of the company's gas control and electricity operations that will bring 1,700 employees to the East Bay's Bishop Ranch business park.
The utility has struck a deal to lease 150,000 square feet at the Bishop Ranch office complex and intends to move 700 employees to the business center. The employees will relocate from San Francisco, Oakland and Concord and include gas and electric transmission workers.
That follows a lease of 249,000 square feet of space for an entire office building, disclosed last March, in which PG&E plans to move 1,000 employees to a gas control facility that will become the nerve center of the embattled utility's gas operations. Those natural gas employees moved primarily from Walnut Creek and San Francisco.
The gas control center is due to open in mid-2013.
Gasoline prices jump sharply in Bay Area
Gasoline prices spiked higher throughout the Bay Area, a further fallout from refinery and oil pipeline hiccups in California.
Prices in the East Bay averaged $4.32 a gallon, a jump of 7 cents in one day. South Bay pump prices hopped 7 cents to reach $4.34 a gallon. San Francisco metro prices zoomed higher by 9 cents a gallon to an average of $4.42 a gallon.
California prices averaged $4.29 a gallon,
Oakland office tower could begin again
In a sign that Shorenstein Properties plans to construct a new high rise in downtown Oakland, the developer has retained realty brokerage Cassidy Turley to scout for tenants for the skyscraper.
The 23-story office tower, if it is built, would appear at 601 City Center in the downtown district. The tower would be about 597,000 square feet in size.
With social media and technology companies filing up office space in San Francisco, office projects could land an overflow of refugee companies that are seeking to escape rising rents or need more office space.
A few years ago, Shorenstein halted construction on the office project amid the recession and credit crunch.