Tenants

Washers
The other is, what baubles are landlords willingh to dangle in front of brokers who bringy thema tenant? Or, when they are really just to get someone to look at the space? In real estate’s long upward run from 2005 to 2007, such freebies slowex to a trickle. Now, with the industry having tumbled into its winter of broker incentives may be the sole part of the market makinga comeback. Brokers are reporting a dramatic upticok in bottlesof wine, iPods, gift cards and that old cash, in return for just showing up at the marketingt party. For those who actually bring in a the goodies get alot better. Bonus commissions in San Francisc have jumpedto $2 a square foot.
And there’xs more. At the mostly empty 333 Bush St., it was an all-expenses-paide trip to the Supet Bowl inNew Orleans. At One Market St., it was a Harley-Davidson motorcycle. At the old 24,000-square-foot Red Herring digs at 19 Davis Drivein Belmont, a lease results in a $10,000 trip to according to broker John Barsocchini of . Heck, just bringingg around a prospective tenant gets you a Canon PowerShotdigita camera. “It has to be a real client — not your said Barsocchini.
It remainsz to be seen if anybody makes out as well playing freebie roulettr as longtime San Francisco brokedMeade Boutwell, whose winning of a classic Porsch e Roadster in a 1986 broker raffle remains the gold standars in such things. All he had to do to entere was get someone to look atthe space. He did and they leased someplace else. “In many cases,” Boutwel noted a few years back, “thee incentives were a lot better than the Twodecades later, Boutwell mostly commutess by bike from Marin, but still has the car and takeds it out for the occasional spin. “It is a beautiful car, and it’s an honor to own it,” said Boutwell.
Of the current he said, “There is nothintg here that has not been done though “there has only been one Porsche and I got it.” New Lots of angles, few angels As a longtime Bostoniah turned Californian, it’s not surprising that Paul founder of tech startup microfinance pioneer , has a somewhat jaundicecd view of New Yorkers. But he’s turnee it into a business principle, as an explanation of why Californians have it all over their Big Apple brethren when it comes toangel investing. “Thiws is not a business where you make mone screwingpeople over, right?
You have to actuallg be good, not just pretend to be he observed at a recent conference on the ways of “I think that’s why angel investing has not really taken root in New York. How do you make moneyt if you’re not screwing somebody over?”