Microsoft Renews 66,000 SQFT Office Lease at Drawbridge’s 3201 Scott Boulevard in Santa Clara
Drawbridge Realty has locked in Microsoft as the sole tenant of its fully leased Class A office building in Santa Clara through the...
Nubank Fills Presidio Bay’s New Palo Alto Office With 33,000 SQFT Lease
Nubank, Latin America’s largest digital bank, has leased the entire office component of Presidio Bay Ventures’ newly completed 388 Cambridge development near Palo...
Libertas Companies Acquires 253,000 SQFT 1333 Broadway Office Tower for $58.1MM in Oakland
A 10-story Oakland office tower has changed hands for roughly half what its previous owner paid six years ago, the latest sign that...
Port of Oakland’s $642MM Turning Basins Widening Clears Design Milestone, Eyes 2028 Construction Start
The federal government and the Port of Oakland have locked in a plan to engineer a $642 million widening of the harbor's two...
Apple’s 350,000 SQFT Sunnyvale Campus Loan Lands in Special Servicing After $209MM Maturity Default
The $209 million mortgage on TriStar Capital's fully Apple-leased office campus in Sunnyvale has been transferred to special servicing after the borrower failed...
Bridge Logistics Properties Buys 199,000 SQFT Fremont Industrial Building Backed by Blackstone and a Seven-Bank Loan
Public records tie the equity behind Bridge Logistics Properties' newly closed Fremont industrial acquisition to a Blackstone-controlled entity, while a syndicate of seven...
Mandela Station Breaks Ground on 240-Unit Affordable Phase at West Oakland BART, Phasing Out Commuter Parking
The long-stalled Mandela Station development has begun vertical construction on its 240 affordable apartments, the first buildings to rise on the West Oakland...
Tamalko Homes Secures $27MM in Tax Credits, Clearing Path for 54-Unit Affordable Project in Point Reyes Station
The partnership behind Tamalko Homes has assembled its final major financing piece — a $27 million federal tax credit award — positioning one...
Tesseract Capital Group Sells 100-Unit Modesto Apartments for $26.6MM
An assumable HUD loan carrying a 3.8 percent rate helped drive a Southern California buyer to pay a Central Valley premium for The...
Sonoma County Library Buys 72,000 SQFT Petaluma Office Building From Basin Street for $12.78MM as New Headquarters
A public agency has stepped in where apartment developers were expected to, with the Sonoma County Library paying $12.78 million for a three-story...
Eight-Unit Miramonte Duplex Portfolio Hits Mountain View Market at $11.2MM, or $1.4MM Per Unit
A family that has owned four side-by-side duplexes on Mountain View's Miramonte Avenue since building them in 1978 is testing one of Silicon...
Hacienda Preserves Robust Performance through August 2026
Hacienda, the premier mixed-use hub in Northern California, showed resilient market health throughout August 2026. While space utilization dipped slightly over the month...
Lurie Declares San Francisco ‘Rent Emergency,’ Backs $30MM Package as AI Boom Drives Record Rents
San Francisco Mayor Daniel Lurie declared a rent emergency and threw his weight behind a roughly $30 million spending plan and six ordinances...
Bay Area Life Science Tops U.S. Funding at $5.6B Even as Lab Vacancy Hits Record 26%
The San Francisco Bay Area remained the country's top destination for life science venture capital in the first half of 2026, drawing $5.6...
Why Institutional Capital Keeps Betting on Student Housing While the Bay Area Stays Underbuilt
Once a fragmented niche, purpose-built student housing has become an institutional asset class drawing billions from Blackstone, KKR and Greystar, and the Bay...
San Jose Retail Vacancy Set to Fall to 4.4% as Experiential Tenants Fuel Silicon Valley Leasing
Marcus & Millichap's Q3 2026 San Jose retail report finds a market tightening on the strength of pickleball courts, fitness operators and a...
Silicon Valley Data Centers Sit Dark Until 2028 as U.S. Buildout Nears $15.1T
Nearly 100 megawatts of finished Silicon Valley data center capacity cannot be energized until Silicon Valley Power completes a $450 million system upgrade...
After the Student-Housing Towers, the Bay Area’s Next Campus Play Is Everything at Their Base
The next round of value creation in university districts is not more student beds but the grocery, retail and hotels that keep them...
Northern California Commercial Real Estate News
Hacienda Preserves Robust Performance through August 2026
Hacienda, the premier mixed-use hub in Northern California, showed resilient market health throughout August 2026. While space utilization dipped slightly over the...
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Microsoft Renews 66,000 SQFT Office Lease at Drawbridge’s 3201 Scott Boulevard in Santa Clara
Drawbridge Realty has locked in Microsoft as the sole tenant of its fully leased Class A office building in Santa Clara through the...
OpenAI Scouts Multiple Silicon Valley Campuses as AI Firms Push South of Their San Francisco Base
As it hunts for room to grow, OpenAI has toured a cluster of the region's biggest available office campuses—among them Mountain View's The...
Goodwill of Silicon Valley Leases Former Rite Aid, Nearly Doubling South San Jose Store to 15,000 SQFT
The nonprofit is backfilling a vacant East Capitol Expressway drugstore emptied by Rite Aid's nationwide collapse, gaining room to pair retail sales with...
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...
Northern California Sidelined in Data Center Boom as Power Limits Push Capacity to Texas
Northern California, the birthplace of Silicon Valley, now holds barely 1 gigawatt of data center capacity and does not rank among North America's...
Silicon Valley Office Recovery Deepens in 2Q26 as Vacancy Falls to 15.2% and Leasing Hits Seven-Year High
The Silicon Valley office market posted its seventh straight quarter of positive net absorption in the second quarter of 2026, with vacancy tightening,...
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...
Mohr Partners Taps East Bay Veteran Kam Schroeder as First President of Brokerage
Mohr Partners has recruited longtime East Bay broker Kam Schroeder to fill a newly created President of Brokerage post, betting on a 20-year...
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,...
California Never: A New City That Keeps Changing Its Mind
Five identities in three years, zero houses, and one very nervous neighbor. Opinion by Billy the Broker (I just want to stay anonymous)...
The Art of the Quiet Exit, A Hudson Pacific Story
Hudson Pacific’s COO resigned with the usual boilerplate denial attached—but after a $572 million annual loss, a scrapped dividend and a stock down...
Airbnb Leases Historic 100,000 SQFT Takahashi Building in San Francisco’s Showplace Square
Airbnb has agreed to lease an entire century-old brick warehouse near its Showplace Square headquarters, a deal that marks the clearest sign yet...
Bedford Affordable Housing Buys 220-Unit Avana San Jose for $85.5MM
A Los Angeles-area nonprofit has bought a second San Jose apartment complex in three months, deepening a strategy of acquiring market-rate housing and...
Dividend Homes Pays $67.7MM for 3.9-Acre Palo Alto Fry’s Site Parcel
A homebuilder has paid $67.7 million for a slice of Palo Alto’s former Fry’s Electronics campus, the clearest sign yet that a site...
Lurie Declares San Francisco ‘Rent Emergency,’ Backs $30MM Package as AI Boom Drives Record Rents
San Francisco Mayor Daniel Lurie declared a rent emergency and threw his weight behind a roughly $30 million spending plan and six ordinances...
Bridge Logistics Properties Buys 546,000 SQFT Stockton Cross-Dock Leased to UNFI and Dollar Tree from Clarion Partners
Bridge Logistics Properties has acquired a 545,836-square-foot cross-dock distribution building in Stockton leased to UNFI and Dollar Tree, buying from Clarion Partners as...
Bay Area Life Science Tops U.S. Funding at $5.6B Even as Lab Vacancy Hits Record 26%
The San Francisco Bay Area remained the country's top destination for life science venture capital in the first half of 2026, drawing $5.6...
Why Institutional Capital Keeps Betting on Student Housing While the Bay Area Stays Underbuilt
Once a fragmented niche, purpose-built student housing has become an institutional asset class drawing billions from Blackstone, KKR and Greystar, and the Bay...
San Jose Retail Vacancy Set to Fall to 4.4% as Experiential Tenants Fuel Silicon Valley Leasing
Marcus & Millichap's Q3 2026 San Jose retail report finds a market tightening on the strength of pickleball courts, fitness operators and a...