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The Weekly Take from CBRE

California Dreamin’: Converting an office park into a lively town center

January 13 · 35 min · Season 7 · Episode 2 · 34.2 MB
0:00-35:10

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Alex Mehran Jr., CEO of a third-generation family developer, walks us through the transformation of Bishop Ranch—a master-planned community in San Ramon, CA. Mehran shares valuable lessons on reinventing a suburban office park into a vibrant, mixed-use destination.


  • Mixed-use suburban developments are gaining strong appeal.
  • ·      Amenity-rich office space drives tenant demand and retention.
  • ·      Short-term, flexible leases can dovetail well with corporate occupier’s needs.
  • ·      Residential conversions of obsolete suburban office parks can enhance long-term asset value.
  • ·      Planned communities thrive with diverse housing and retail integration.