267K over asking!!!
Wow, you have now completed the trifecta: SSF, San Bruno, and Daly City rocking the overbids! Speaking of SSF, we have at least 3 separate but similar threads about SSF in the forum, but I like your “Rocking the overbids” title the best.
As I’ve outlined in the other SSF thread, I am excited by all the new biotech developments dotted across SSF that’ll come online in the next few years… but SSF better hustle, or else the Cambridge/Boston cluster will truly overtake SSF as the #1 cluster in the world. Actually, by some measures, such as the number of therapeutic startups and drug development productivity, the Cambridge cluster is already edging out SSF. Furthermore, SSF companies have mostly missed out on some truly disruptive new tech like gene editing (e.g. CRISPR) and cellular therapy (e.g. CAR-T). But we have some cool tech with both Google/Alphabet’s biotech units (Verily and Calico) firmly entrenched in SSF. Hopefully, these new fancy lab/office spaces coming online in the next few years will attract even more talent and biotech companies to join the SSF bandwagon.
There are also other biotech micro-clusters in the SF Bay Area, notably Mission Bay (by UCSF), Emeryville (by UC Berkeley), and some in Redwood City, but they are satellite clusters around the main dominant SSF cluster.
In any case, the biotech scene is setting up to be a SSF (SF Bay Area) vs. Cambridge (Boston) rivalry in the coming decade.
With the way the pricing is going in SSF, I felt it was time for its own Rocking thread…
I went to a listing in SSF by Jill Penna and she was great and in the know. Apparently, she is the daughter of John, also a realtor, and the former Mayor of SSF. She thinks the downtown neighborhoods near Grand I guess are ripe for development (I know, what area isn’t?). I happen to drive up Grand from 101 to the property and yeah it was fairly bustling with plenty of folks lining up for restaurants and stuff.