This should go without saying.īlack lives matter. It is painfully apparent in the senseless deaths of Ahmaud Arbery, Breonna Taylor, as well as George Floyd and most recently a white woman’s attempt to weaponize police against birdwatcher Christian Cooper.īlack lives matter. We saw it in the rise of anti-Asian hate speech and violence when COVID-19 arrived on our shores, and the pandemic’s outsized toll on people of color. At its core, COVID-19 is a struggle against nature. The murder of George Floyd is only one more tragic chapter in the systemic racism that has plagued our country.Īs people rage in our streets, we are still navigating the uncertainty of COVID-19, and mourning the lives lost to that disease. We’ve seen a fracturing of our nation and an increasing blindness to our shared humanity. We must stand with those who are suffering in our country. ICONIQ Capital has historically been a private firm. Finix, a payments company, just moved its headquarters from South Park to larger offices within a century-old Art Deco building in SoMa.BACK JIn Solidarity ICONIQ's statement of support and commitment to action Not every Bay City company is downsizing. TaskRabbit, a worker-for-hire platform with more than 300 employees, announced last month it would be closing its San Francisco headquarters and all its physical offices to work remotely. The Qualia relocation also follows recent corporate moves by Yelp, Ripple, Splunk, Wells Fargo, and the State Bar of California, which mostly downsized to smaller offices in favor of a hybrid office and work-from-home employee model. Executives say it may move to Austin, Texas. Last month, digital real estate platform Qualia Labs listed its 39,0000-square-foot headquarters in San Francisco for sublease. The company said it was rethinking its real estate needs as more of its employees were exercising flexible workplace options.įarella Braun + Martel, a 60-year-old real estate law firm in San Francisco, just announced it would vacate 15 floors in the prestigious Russ Building for a smaller home in the Financial district. The company said it would be reducing its office portfolios worldwide and taking impairment charges of about $180 million, depending on market conditions as it disposed of the leases. The move is the latest in a corporate musical chairs in office space, as Bay Area companies led by tech firms adjust their needs to remote work models brought on by the coronavirus pandemic in early 2020.Īutodesk announced in regulatory filings in January that while it planned to keep its corporate headquarters in San Rafael, it would close a portion of another San Rafael office located at 3900 Civic Center, as well as the San Francisco office. The firm has done about $20 billion worth of real estate debt and equity deals, and just raised $2 billion for its latest debt fund. This month, Iconiq bought a minority stake in Madison Realty Capital, a real estate investment firm based in New York, with an office in Los Angeles, for an undisclosed sum. It’s now an institutional asset manager with pension funds such as the Canada Pension Plan Investment Board among its fund investors. The firm has moved well beyond just serving the ultra wealthy, according to Bloomberg. It also saw its managed assets grow from $12.5 billion in 2015 to $89 billion in March. The registered investment advisor to tech billionaires nearly quadrupled the number of employees since June 2020, with nearly 300 employees, according to RIABiz. Iconiq is now based at 394 Pacific St., owned by Grosvenor America, but is relocating its corporate headquarters to 300 Mission, according to the Business Times. The publicly traded company said the sublease has a remaining term of 9.5 years, according to regulatory filings.
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The San Raphael-based software company had leased a 117,000-square-foot office there in 2019 and designed it with collaborative workspaces and features, including a music studio and game room.
Iconiq Capital subleased the space from Autodesk in a new office it vacated after eight months as it cut its global office portfolio. The privately held wealth management firm that serves tech billionaires Mark Zuckerberg, Sheryl Sandberg and Jack Dorsey has subleased 88,600 square feet at 300 Mission St., a 24-story skyscraper in the Financial owned by Paramount Group, the San Francisco Business Times reported, citing unidentified sources. In the latest Bay Area corporate headquarters shift, Iconiq Capital is packing its belongings to sublease office space across San Francisco’s Downtown. Iconiq Capital’s Divesh Makan with 300 Mission St (Douglas Fruehling, Crunchbase)
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