Monday, December 5, 2011

Zynga, the biggest maker of games on Facebook, is seeking as much as $1 billion in the biggest initial public offering by a U.S. Internet company since Google's premiere.  Zynga is the undisputed leader in online social games. The company has 232 million active users playing titles like CityVille, FarmVille, Empires & Allies, and Mafia Wars.


The company is offering 100 million shares for $8.50 to $10 apiece, according to a regulatory filing Friday, December 2, 2011. The high end of the range would value San Francisco's Zynga at $7 billion.
The sale is scheduled for Dec. 15, according to Bloomberg data.
Zynga's Corporate HQ is located at 365 Vermont Street, San Francisco, CA 94103, in the old Sega building.  If you have never driven by this building, you should.  Their office space span six floors and includes a food court, snack bars on every floor, a laptop help center and whiteboard artwork in almost every corner. It’s impossible not to run into a Mafia Wars 2 or AdventureWorld character every five feet.
Zynga has more than 1,500 employees and expects to double that number in the next year. They have been on a hiring streak already with 224 new employees in California so far this year.  
A lot of these new hires are competing for housing in the San Francisco area along with new employees from Google, Facebook and Twitter.   It has been a highly competitive residential rental market so far; vacancy rates are down to an all time low and rents having increased at least 10% compared to 2 years ago. 
We can help you have that competitive edge!  Not only do we have our own properties for lease but we offer relocation and rental assistance services.

Check out our website at http://www.jwavro.com/ for all of our available rentals but also the array of relocation services we offer.

J.Wavro Associates is a group of licensed real estate professionals specializing in rental property leasing and executive relocation in the San Francisco Bay Area. They specialize in helping to lease rental properties, and have an extensive corporate and private network that allows them to consistently attract suitable tenants. Their Bay Area executive relocation specialists offer rental assistance to people looking to move to the Bay Area or locals looking for a new home. The real estate professionals of J.Wavro Associates can provide a wealth of knowledge on a particular neighborhood or neighborhoods of interest to clients. They will also identify specific properties that fit the client's exact needs and budget. As part of their executive relocation service, J.Wavro Associates will arrange appointments, provide property tours and assist in lease negotiations.

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