Equistone becomes Northern California’s first Certified Carbon Free brokerage
Equistone Partners is proud to announce a partnership with CarbonFund.org, a national organization that offers advice on calculating and reducing the carbon “footprint” of a business. Equistone has taken steps to reduce the amount of carbon generating by its activities, and will purchase credits to offset more than three times its calculated, unavoidable emissions.
Equistone-affiliated partnership purchases three buildings in Jack London Square
East Bay Business Times, May 23 2008
Investors foresee profit in Oakland’s Jack London area
Graham Street Realty LLC, which includes Equistone Partners founder Michael Harrison, closed on the purchase of 140-160 Franklin St. and 384 Embarcadero West on May 21. The buildings, totaling about 45,000 square feet, are located across from Jack London Market, a key piece in Ellis Partners’ redevelopment of Jack London Square.
Jarrett Shawber joins Equistone Partners from Buchanan Street Partners
Jarrett Shawber brings expertise in real estate finance, business
operations, and technology to his partnership with Equistone. He worked
as a consultant at Arthur Andersen Business Consulting in management for KPMG Consulting, and was a senior manager at security technology developer Veritas. Jarrett joined Equistone Partners from Buchanan Street Partners, a commercial real estate investment bank where he structured capital stacks for the acquisition and reposition of office, industrial, multi-family, retail, and hotel properties.
“Equistone founded by former CBRE broker to aid brokers’ investment in real estate.”
East Bay Business Times, February 25 2008
Greener grass: East Bay sees host of brokers changing companies
In (Michael) Harrison's case, equity was the goal for leaving CBRE and starting a new company, Equistone Partners, in Oakland last November. Finding too many barriers to investing in real estate on his own, Harrison founded Equistone with the goal of investing a percentage of every dollar its brokers earn - separate from their commissions - in Equistone projects. The investments are disclosed to clients under conflict-of-interest guidelines.
“Equistone named 2007 Power Broker by CoStar Group”
Measured against all the commercial real estate brokers active in the East Bay, CoStar Group has selected Equistone Partners as a Power Broker based on its leasing activity in 2007. CoStar is the largest independent source of real estate information in the United States and United Kingdom. This honor was recognized by GlobeSt.com and Real Estate Forum magazine. Equistone is proud to be one of America’s leading brokerages in its first year of existence.
“Equistone represents sale of controversial North Oakland building.”
East Bay Business Times, November 30 2007
Judge clears sale of Your Black Muslim Bakery property
A federal bankruptcy judge approved the $1.052 million sale of the Your Black Muslim Bakery property in Oakland to a corporation backing AIDS support center Vital Life Services. The bakery purchase price will go toward paying off more than 25 liens against the property totaling more than $900,000, said Equistone Partners broker Michael Harrison, who represented NCK.
Equistone offers equity and commission to brokers
East Bay Business Times, November 23 2007
New brokerage offers equity and commission
The one thing brokers want, whether they are a one-year broker or a five-year broker or have 10 years in the business, ... is they want to buy and own commercial real estate," (Michael Harrison) said. "But they can't find the opportunity to do it because the barrier to entry is so high." Equistone's commission split will be "similar" to the sliding scale ranging from 50-50 to as high as 90-10 offered by other commercial real-estate brokerage firms, said Harrison, who is negotiating with several potential hires.