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Posts Tagged “

RedEnvelope

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real estate

Commercial real estate vacancies show no sign of dot-bomb 2.0

Recent reports from local real estate trackers put the amount of office space relinquished by local companies in the last quarter at the highest it has been since the third quarter of 2002 — 436,933 sq. ft, according to commercial broker CB Richard Ellis, or the equivalent of nearly all the space in the Transamerica pyramid. The East Bay and the South Bay also saw an uptick in vacancies. The bankruptcies of Sharper Image, Pay By Touch, and RedEnvelope helped push up San Francisco's vacancy rate, but South of Market remained an untouched bubble of business leases, thanks to expansion by Monster.com, Advent Software, and Splunk. (Photo by Thierry)

12:40 PM on Tue May 13 2008
By Jackson West
345 views, Comment

real estate

RedEnvelope failure frees up SoMa space

The likely closure of troubled online retailer RedEnvelope has a benefit for space-hungry startups near its SoMa headquarters at 149 New Montgomery. Yelp and Slide are among the rapidly expanding companies in the neighborhood. I asked Yelp CEO Jeremy Stoppelman if he was going to swoop in on the space. "I wish 'cause it looks like a cool building, but we recently added space at 706 Mission so I think we're locked in there for a while," he told me. No word from Slide CEO Max Levchin. RedEnvelope signed a five-year lease in July 2004, with a base rent of $51,332 a month for 28,000 square feet. (Photo by Google Street View)

1:40 PM on Fri Apr 4 2008
By Owen Thomas
1,080 views, 4 comments

Latest by w00zy33: Anyone know when the garage sale is going to be? I could use a new Aeron chair. more »

layoffs

RedEnvelope issues hundreds of pink slips

San Francisco-based online and catalog retailer RedEnvelope, abandoned by its CEO and its bank, has laid off substantially all of its 200-some employees, we hear. The website is expected to go offline Friday morning. The company, founded in 1997 and taken public in 2003, was hit by woes both old and new. For an e-commerce business, it was slow to embrace change, relying too long on its printed catalogs, and failing to embrace even the most basic techniques of acquiring customers online.

11:29 PM on Thu Apr 3 2008
By Owen Thomas
3,782 views, 8 comments

Latest by PhilWil: One is that print isn't dead. Two is all about management. That's my limited opinion on that. more »

hires

New York Times board member's claim to fame: e-commerce failure RedEnvelope

Scott Galloway of Firebrand Partners scored a coup recently: The New York Times Co. agreed to nominate him and a fellow activist investor for a seat on its board. Did the Times do any due diligence on him? Galloway's chief accomplishment online is cofounding RedEnvelope, a San Francisco-based online retailer. More »

2:40 PM on Tue Apr 1 2008
By Owen Thomas
2,250 views, 10 comments

breakdowns

365 Main outage causes aftershocks in Web world


We've now learned more about the outage at 365 Main's San Francisco datacenter that knocked some of the Web's most popular sites offline. The latest theory: An employee, reportedly drunk, hit the emergency-power-off switch in 365 Main's Colo 4 room. (Update: I no longer know whether to trust the source who sent in the tip about a drunk employee.) Other sites located in other rooms were unaffected. This isn't the first time 365 Main has suffered an EPO-induced outage; a major one still remembered by customers occurred back in April 2005, and another took place last year. After the jump, a gallery of the carnage caused, and a roundup of reactions. More »

4:38 PM on Tue Jul 24 2007
By Owen Thomas
17,948 views, 27 comments

Latest by Owen Thomas: @leahculver: Noted, and thanks for the clarification on your stance. It helps to think like a user and not a sysadmin from time to time. more »

Datacenter 365 Main released a self-congratulatory announcement celebrating two years of continuous uptime for client RedEnvelope, mere hours before today's drunken blackout.. [PR Newswire]

2 comments