FAA Taps Walsh Federal for $148.8MM Air Traffic Control Tower at Sacramento International Airport
The FAA's design-build award to Walsh Federal moves Sacramento International Airport's long-delayed tower replacement toward a summer 2027 groundbreaking, with a new north...
Sterling Organization Buys Three Safeway-Anchored Centers Totaling 277,000 SQFT in Bay Area and Honolulu
A Florida retail investor has added two Bay Area grocery centers and its first Hawaii property to a core fund built around a...
Construction on 132-Unit Tamien Station Affordable Phase Set for Q2 2027
As Phase 1 marks its ribbon-cutting, city and state filings show the path to breaking ground on Tamien Station's second affordable building has...
Stay Cal Hospitality Buys 181-Room Courtyard Newark Silicon Valley for $12MM
San Mateo-based Stay Cal Hospitality is adding a Marriott-branded select-service hotel on Newark Boulevard to a Bay Area portfolio that runs from San...
Rialto Takes Back 35,000 SQFT 580 Market St. Office After Paragon’s $17.5MM Debt Goes Unpaid
Paragon Company paid about $690 per square foot for the 1907-built Market Street building in 2015. It has now been appraised at about...
UC Berkeley’s Building Wave: $550MM AI Hub Opens as 2,738 Student Beds Rise
With a $550 million, gift-funded computing and data science hub now open and two student housing towers totaling 2,738 beds under construction, UC...
Airbnb Signs 123,000 SQFT New Lease at 850 Brannan St. as Its San Francisco Rebound Gathers Speed
Airbnb signed a 122,958-square-foot new office lease at 850 Brannan St. in the third quarter, according to CBRE, days after reports that it...
Trepp: Parkmerced Skews San Francisco’s Multifamily Risk as AI Fuels Nation-Leading Rent Growth
A new Trepp risk ranking puts San Francisco near the top of the West's most stressed multifamily markets, but the firm's own analysts...
Construction Underway on Panattoni’s 488,000 SQFT Milpitas Build-to-Suit Approved for Amazon Distribution Hub
The 487,564-square-foot building in Milpitas will have 27 loading docks and about 363 jobs, and it will add nearly 10 percent to the...
BXP Wins 18-Month Extension for $1B, 981,000 SQFT 4th and Harrison Office Project in Central SoMa as It Courts an AI Anchor
BXP has secured 18 more months to keep its long-dormant 4th and Harrison office campus alive in San Francisco's Central SoMa, and the...
Preylock Buys EQT Exeter’s 491,000 SQFT The Assembly Campus in North San Jose for $268.3MM
Los Angeles-based Preylock has bought The Assembly, EQT Exeter's fully leased North San Jose campus that houses Figure AI's humanoid robot factory, for...
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...
Trepp: Parkmerced Skews San Francisco’s Multifamily Risk as AI Fuels Nation-Leading Rent Growth
A new Trepp risk ranking puts San Francisco near the top of the West's most stressed multifamily markets, but the firm's own analysts...
As California Embraces Transit Upzoning, Austin’s 22-Year Density Test Offers a Blueprint and a Warning
A student-housing overlay that reshaped the blocks west of the University of Texas gives California developers and planners a rare, finished case study...
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...
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 ReadingAirbnb Signs 123,000 SQFT New Lease at 850 Brannan St. as Its San Francisco Rebound Gathers Speed
Airbnb signed a 122,958-square-foot new office lease at 850 Brannan St. in the third quarter, according to CBRE, days after reports that it...
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,...
Physical Intelligence Leases 233,500 SQFT in Mountain View Near Google’s HQ
Physical Intelligence leases 233,500 SQFT in Mountain View near Google, joining a robotics leasing wave reshaping Silicon Valley office demand.
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...
Newmark Lures Sarah Miller From Cushman & Wakefield to Co-Lead National Seniors Housing Valuation Practice
Newmark has hired veteran appraiser Sarah Miller, MAI, away from Cushman & Wakefield to co-lead its national seniors housing valuation and advisory discipline...
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...
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,...
Skydio Hunts for Up to 400,000 SQFT Drone Factory as San Mateo Sublease Nears End
Skydio is scouting 300,000 to 400,000 square feet of manufacturing space and weighing out-of-state incentives, even as it pushes its Hayward plant toward...
Hines Ties Downtown San Jose Retail Revival to Major Data Center Expansion
The Houston-based developer is asking San Jose to fast-track a makeover of its 150 South First Street building that would fill 11 vacant...
North Palisade Partners Opens 70,000 SQFT Palisade Fremont Innovation Center 11 Months After Groundbreaking
North Palisade Partners marked the completion of the Palisade Fremont Innovation Center with a ribbon cutting on Tuesday, delivering a fully powered 69,872-square-foot...
Blackstart Digital Affiliate to Buy 544,000 SQFT Former IBM Almaden Campus in San Jose
A Blackstart Digital affiliate plans to buy IBM's former 544,000 SQFT Almaden campus in San Jose and reuse it as a tech, R&D...
Lam Research Opens 470,000 SQFT Livermore Logistics Hub, Its Largest U.S. Warehouse
Lam Research's 10-acre, single-roof hub will serve its nearby Livermore factory and Fremont labs, adds more than 200 jobs by 2027, and opens...
Tredway Pays $40MM for 260-Unit Sacramento Manor, Handing Sellers a 166% Gain in Five Years
Tredway paid about $153,800 per unit for the 1962-built Meadowview senior community, about 27 percent below Sacramento's average apartment sale price. New York-based...
Cal Sheets-Leased Airport Gateway Center in Stockton Hits Market for $28.5MM
The 1999-built, rail-served building near Stockton Metropolitan Airport is listed at about $140 per square foot, just under its 2023 sale price. Its...
As California Embraces Transit Upzoning, Austin’s 22-Year Density Test Offers a Blueprint and a Warning
A student-housing overlay that reshaped the blocks west of the University of Texas gives California developers and planners a rare, finished case study...