Morgan Stanley Real Estate Investing Buys KLA-Leased 189,000 SQFT Milpitas R&D Building for $84.1MM
All-Cash Buyer Pays $444 per SQFT, Well Above the Silicon Valley R&D Average, for KLA's Milpitas Data Center Hub A fund managed by...
Lender Markets Foreclosed 28,000 SQFT Jackson Square Building Assessed at $37.5MM in San Francisco
About a year after a CMBS lender took back 244 Jackson Street at a foreclosure auction, it has brought the 1913 brick building...
Walmart Wraps $150MM Buildout of 719,000 SQFT Moffett Green Campus It Subleased From Meta in Sunnyvale
Walmart has finished a $150 million interior buildout of Moffett Green, the four-building Sunnyvale campus it subleased from Meta Platforms, turning a property...
Waterford Property Targets Up to 2,500 Homes in Santa Clara County, Starting With 75 Affordable Units in Milpitas
Waterford Property Co. aims to add up to 2,500 homes in Santa Clara County over five years, starting with 75 affordable units in...
Stanford Hotels Wraps First Overhaul of 280-Room Hilton Santa Clara in 25 Years, Betting on Groups and Game Days
Stanford Hotels has finished a multimillion-dollar, phased overhaul of the 280-room Hilton Santa Clara, reworking guest rooms, dining and nearly 17,000 square feet...
Alexandria Extends $5B Credit Line to 2032 as Bay Area Sales Anchor $2.9B Deleveraging Push
Alexandria Real Estate Equities has pushed the maturity on its $5 billion revolving credit facility out to 2032 and shaved its borrowing spread,...
Oakland Retail Vacancy Headed to 6.8% as New Construction Falls to Lowest Level Since 2007
Marcus & Millichap's newly published third-quarter report on the Oakland metro forecasts retail vacancy rising to 6.8 percent by year-end and asking rents...
Bay Area Construction Pay Outruns High Costs to Rank Among Nation’s Best
A new Construction Coverage analysis of federal wage and cost data found that construction workers across Silicon Valley and the North Bay hold...
Retool Renews 55,000 SQFT at the Hamm’s Building, 1550 Bryant St., as San Francisco Tenants Keep Space in a Tightening Market
Software company Retool renewed its 55,000-square-foot headquarters at the former Hamm's brewery building at 1550 Bryant St., according to CBRE, as rising rents...
Sierra Grows to 351,000 SQFT at China Basin’s 185 Berry St., Landing San Francisco’s Largest Office Deal of Q3
Bret Taylor's customer-service AI company Sierra completed a 351,135-square-foot renewal and expansion at 185 Berry St., according to CBRE, the largest San Francisco...
EKN Walks Away From Entitled 56-Room Downtown Petaluma Hotel, Leaving City to Chase $860,000 in Costs
Newport Beach-based EKN Development has told the City of Petaluma it will not build the four-story, 56-room Appellation hotel it spent roughly four...
Hacienda Maintains Momentum with Steady September Leasing Activity
Hacienda, the premier mixed-use business hub in Northern California, maintained steady momentum in September 2026, with space utilization edging upward and leasing activity...
Oakland Retail Vacancy Headed to 6.8% as New Construction Falls to Lowest Level Since 2007
Marcus & Millichap's newly published third-quarter report on the Oakland metro forecasts retail vacancy rising to 6.8 percent by year-end and asking rents...
Bay Area Construction Pay Outruns High Costs to Rank Among Nation’s Best
A new Construction Coverage analysis of federal wage and cost data found that construction workers across Silicon Valley and the North Bay hold...
Wells Fargo Sees Higher Rate Floor Squeezing Bay Area Housing as AI Buildout Powers Data Centers
Wells Fargo's latest economic outlook argues that a structurally higher floor under long-term interest rates will keep pressure on Northern California housing and...
AI Mega-IPOs Push Bay Area Exit Value Past $300B, Quadrupling All of 2025
The San Francisco Bay Area captured more than $300 billion in expansion-stage company exits in the first half of 2026, dwarfing every other...
KB Home’s Northern California Business Holds Firm as Homebuilder Trims Q4 Outlook
KB Home lowered its fourth-quarter price and margin expectations after a weaker summer selling season, but executives said Northern California is performing as...
Propositions 1 and 37 Put $36B Housing Bet Before Northern California Voters
The two measures on California's November ballot would authorize more than $36 billion in bonds to build affordable apartments and push middle-income renters...
Northern California Commercial Real Estate News
Hacienda Maintains Momentum with Steady September Leasing Activity
Hacienda, the premier mixed-use business hub in Northern California, maintained steady momentum in September 2026, with space utilization edging upward and leasing...
Continue ReadingOakland Retail Vacancy Headed to 6.8% as New Construction Falls to Lowest Level Since 2007
Marcus & Millichap's newly published third-quarter report on the Oakland metro forecasts retail vacancy rising to 6.8 percent by year-end and asking rents...
Waymo Eyes 120,000 SQFT of Google’s Former Space at One Market Plaza as Rithm, Blackstone Race $850MM Loan Deadline
Alphabet's robotaxi unit Waymo has signed a letter of intent for roughly 120,000 square feet across three podium floors at One Market Plaza,...
Wafer-Scale AI Chipmaker Cerebras Systems Leases 25,000 SQFT at 490 Lakeside Drive in Sunnyvale
Cerebras Systems, the maker of wafer-scale AI processors, has signed a direct lease for roughly 25,000 square feet at 490 Lakeside Drive in...
TMG, Grove and Lone Star Acquire 2.2MM SQFT Silicon Valley R&D Portfolio for Under $650MM
TMG and Grove step in as operating partners on a 140-acre, six-campus R&D platform even as vacancy climbs and per-square-foot pricing lags well...
California Clears Plug-In Solar Bill, Rewriting the Power Equation for Bay Area Renters and Landlords
California lawmakers sent SB 868 to Gov. Gavin Newsom on Aug. 26, clearing a path for renters and multifamily owners across PG&E's Northern...
VTS Lifts 2026 San Francisco Office Leasing Forecast 13% to 14.5MM SQFT as AI Demand Converts to Signed Leases
Sustained artificial intelligence demand is converting into signed office leases in San Francisco faster than VTS expected, pushing the firm to raise its...
OCMI Sacramento Office Grows with New Staff
New Hires Signify Expansion of OCMI Cost Management in Northern California SACRAMENTO, CA — OCMI is proud to announce the addition of Cheryl...
Architectural Resources Group Names Ariane Fehrenkamp Associate Principal to Grow Design Practice
Architectural Resources Group has hired veteran architect Ariane Fehrenkamp as an associate principal, tasking the two-decade design leader with expanding the San Francisco-based...
JLL Elevates Paul Morgan to Chief Operating Officer in Accelerate 2030 Platform Push
The Chicago-based real estate giant has consolidated its enterprise operations under a single new executive as it moves to run as one unified,...
Sares Regis Elevates Drew Hudacek and Dave Hopkins to Co-CEOs as Founders Set Succession in Motion
Sares Regis Group of Northern California has handed day-to-day command of one of the Bay Area's most active development firms to two longtime...
Coblentz Expands Construction and Litigation Capabilities with the Arrival of New Partner Raymond Buddie
San Francisco-based law firm Coblentz Patch Duffy & Bass LLP is pleased to welcome Raymond Buddie to the firm’s partnership. Ray brings more...
The Exit for the Rent-Capped Building
Prop 13 keeps him in. Rent control starves him. Prop 19 took away the ending he was counting on. There's a third door,...
The First Footprints in the Snow
AI's hit to jobs looks like a rounding error—until you see who's in the oven: gutted call centers and vanishing entry-level work. Narrow...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
McNellis: One House, One Spouse — A Guide to CRE Wealth Preservation
Why razor-thin overhead and the 'one house, one spouse' rule are the keys to preserving wealth in real estate and in life.
Watch Rents Rise
By John Cumbelich Our firm recently completed a Q2 survey of the region’s 25 flagship Power Centers, in which we reported that occupancy...
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
Prologis Files Plans for 514,000 SQFT Data Center on Charcot Avenue in North San Jose
Prologis wants to tear down five aging North San Jose industrial buildings and put up a 99-megawatt, three-story data center at 326 Charcot...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Wells Fargo Sees Higher Rate Floor Squeezing Bay Area Housing as AI Buildout Powers Data Centers
Wells Fargo's latest economic outlook argues that a structurally higher floor under long-term interest rates will keep pressure on Northern California housing and...
AI Mega-IPOs Push Bay Area Exit Value Past $300B, Quadrupling All of 2025
The San Francisco Bay Area captured more than $300 billion in expansion-stage company exits in the first half of 2026, dwarfing every other...
45,300 SQFT Flex Industrial Property Listed for $15.5MM Near STACK Data Center in San Jose
San Jose's push to align zoning with its General Plan — sparing owners a costly rezoning process — adds regulatory upside to a...
Sacramento Moves to Declare 102-Acre Meadowview Parcel Surplus Four Years After $12.3MM Purchase
Sacramento is preparing to declare its vacant 102-acre Meadowview property surplus under state law, a step that would open the door to selling...
Robotics Firm Pantheon Nearly Quadruples Waterfront Plaza Lease to 20,000 SQFT in San Francisco
Pantheon, a robotics company, has expanded its Waterfront Plaza office to 19,900 square feet from just 5,200 square feet only months after signing...
KB Home’s Northern California Business Holds Firm as Homebuilder Trims Q4 Outlook
KB Home lowered its fourth-quarter price and margin expectations after a weaker summer selling season, but executives said Northern California is performing as...