HealthCore Foundation Buys Six-Building NorthBay Health Medical Portfolio in Solano County for $130MM
A six-building portfolio fully leased to Solano County’s main health system sold for about $585 per square foot, well above recent average prices...
Machine, Centurion Cut Studio Entry to $375,000 as 188 West Saint James West Tower Tops 40% Sold in San Jose
Machine Investment Group and Centurion Real Estate Partners will celebrate the completion of a $30 million reinvestment at 188 West Saint James with...
California High-Speed Rail CEO Ian Choudri Exits as Agency Lands $772.1MM Siemens Train Deal and Faces 2027 Cash Crunch
Ian Choudri stepped down as chief executive of the California High-Speed Rail Authority after an inspector general probe into consultant travel billing, handing...
Google Prepays $150MM for PG&E Grid Link to 250MW Building at Meadow Point Campus in North San Jose
Google has agreed to hand PG&E $150 million up front to wire a 250-megawatt building now rising at its Meadow Point campus in...
PGIM Provides $125MM Floating-Rate Refinance for Hanover’s 377-Unit San Francisco Apartment Community
PGIM has extended $125 million in core floating-rate debt to refinance a 377-unit San Francisco apartment community owned by Houston-based Hanover Company, a...
Bezos-Backed Prometheus Said to Take All 180,000 SQFT of Sobrato’s One Harrison on San Francisco’s Waterfront
Jeff Bezos’ heavily funded AI startup Prometheus has reportedly leased every floor of The Sobrato Organization’s freshly renovated One Harrison, the former Gap...
BART Taps Pacific Development, Affirmed Housing to Turn Fremont Station Parking Into 643 Homes
BART's board voted unanimously on Oct. 22 to open exclusive negotiations with Pacific Development and Affirmed Housing on a 643-home, mixed-income project that...
Wells Fargo Closes $82MM Construction Loan for Eden Housing and Black Cultural Zone’s 119-Unit Liberation Park in East Oakland
Wells Fargo has closed an $82 million construction loan and committed $57 million in Low-Income Housing Tax Credit equity to the Residences at...
South Bay Development’s $50MM Bid Puts a Price on 456,000 SQFT BioSquare Campus in San Jose, 65% Below 2018 Sale
Santa Clara County filings dated Oct. 29 show South Bay Development won North San Jose's 456,000-square-foot BioSquare campus with a $50 million bid,...
Arista Networks’ 363,000 SQFT Santa Clara Build Stands as Silicon Valley’s Only Office Project Under Construction
Arista Networks' owner-user office building at 5200 Patrick Henry Drive has become the lone office project rising in Silicon Valley, according to Newmark,...
Higher-for-Longer Rates Are Choking Apartment Supply, Setting Up a Multifamily Rent Rebound Before 2030
Federal Reserve rate hikes have cut U.S. apartment construction starts roughly in half while renter demand keeps running hot, a mismatch that rental...
Hacienda Edges Vacancy Below 18% as Pleasanton Campus Builds Momentum Into Year-End
Hacienda, Northern California’s largest mixed-use development, continued to demonstrate steady leasing performance during the third quarter of 2026, supported by declining vacancy, positive...
Higher-for-Longer Rates Are Choking Apartment Supply, Setting Up a Multifamily Rent Rebound Before 2030
Federal Reserve rate hikes have cut U.S. apartment construction starts roughly in half while renter demand keeps running hot, a mismatch that rental...
WeWork Report: San Francisco Members Up 8%, Enterprises Up 11% as AI Fuels Flex Demand
WeWork's mid-year analysis of its global membership found San Francisco added member companies faster than any other major market in its network, with...
AI Firms Have Leased 10MM SQFT in Silicon Valley and the Peninsula Since 2020 as South Bay AI Demand Jumps 67%
Artificial intelligence companies have leased about 10.0 million square feet across Silicon Valley and the San Francisco Peninsula since 2020, and the pipeline...
Home Sales Push Santa Clara County Roll to $760.1B as Commercial Appeals Hit $153.6B
Santa Clara County's taxable property base climbed to a record $760.1 billion for 2026-27, a 4.7 percent gain powered by home sales that...
Silicon Valley Office Splits in Two as CMBS Delinquency Hits 12.16% and a $208.9MM Local Loan Sours
Even as Silicon Valley's office leasing rebound gathers pace, rising loan distress, a 10-year Treasury above 5.2 percent and tighter lending terms are...
San Francisco VC Hits $283.9B in 2026 on Fewer Deals as AI Firms Capture 36% of Global Funding
Venture investors have poured $283.9 billion into San Francisco companies so far in 2026, more than double last year's total on roughly 500...
Northern California Commercial Real Estate News
Hacienda Edges Vacancy Below 18% as Pleasanton Campus Builds Momentum Into Year-End
Hacienda, Northern California’s largest mixed-use development, continued to demonstrate steady leasing performance during the third quarter of 2026, supported by declining vacancy,...
Continue ReadingBezos-Backed Prometheus Said to Take All 180,000 SQFT of Sobrato’s One Harrison on San Francisco’s Waterfront
Jeff Bezos’ heavily funded AI startup Prometheus has reportedly leased every floor of The Sobrato Organization’s freshly renovated One Harrison, the former Gap...
Source Foundry, $5B Chip-Equipment Startup Taking On ASML, Leases 116,000 SQFT Warehouse in South San Francisco
Source Foundry, a stealth semiconductor-equipment startup backed by Sequoia Capital and Leopold Aschenbrenner's Situational Awareness, signed the Peninsula's largest industrial lease of the...
BizLink Group Expands With 27,000 SQFT Lease at 668 Mission Court in Fremont as Power Becomes the Deciding Factor
Electronics manufacturer BizLink Group has taken another 27,000 square feet at 668 Mission Court in Fremont's Mission Corporate Center, staying inside the same...
Hashi Market Opens 21,000 SQFT Cupertino Store as Bay Area Asian Grocery Race Heats Up
After more than a year of delays, New York-based Japanese grocer Hashi Market opened its first West Coast store on Oct. 9 in...
Thornberg Warns Bay Area Housing Faces ‘Bust Side’ as Mortgage Rates Climb Past 7%
Speaking at Star One Credit Union's third annual Bay Area Real Estate Forecast in Campbell, Beacon Economics founder Christopher Thornberg argued that an...
Bay Area Holds Half of Nation’s AI Real Estate as San Francisco Tenants Fill 7.1% of Inventory
JLL's 2026 study of artificial intelligence tenants finds the Bay Area holds nearly half of the 34.6 million square feet AI companies occupy...
Meridian Commercial’s James Schultz Earns Basin Street Properties’ Q3 Broker of the Quarter Honor
Basin Street Properties names Meridian Commercial’s James Schultz its Q3 2026 Broker of the Quarter for his North Bay leasing work.
Skyline Construction Taps Google and Qualcomm Campus Builder Steve Dunne to Lead Northern California Growth
Employee-owned general contractor Skyline Construction has brought veteran Silicon Valley builder Steve Dunne aboard as senior project executive, adding nearly four decades of...
RCG Ventures Taps Brixton Capital’s Michael McFadden as Western Region Director of Acquisitions
Atlanta-based shopping center investor RCG Ventures has hired Michael McFadden away from Brixton Capital as director of acquisitions for its Western Region, adding...
JLL Names Capital Markets Chief Mark Gibson Its First U.S. Country CEO, Taps Kevin MacKenzie as Successor
JLL has elevated Mark Gibson, the former HFF chief who has run its Americas capital markets business for seven years, into a newly...
HR&A Advisors Adds Former Biden White House Aide David Eichenthal to Sharpen Public Budget Practice
HR&A Advisors has brought on David Eichenthal, a veteran of the Biden White House, the U.S. Treasury and city finance offices from New...
Salad Days Are Over: Why Protein and Caffeine Are Winning the Restaurant Real Estate Race
By John Cumbelich October 5, 2026 – True Food Kitchen files for bankruptcy. Is anyone shocked by the news that yet another salad...
Dinked: Have We Hit Peak Pickleball?
The Picklr’s Chapter 11 filing, driven by lease guarantees on roughly 40 franchise locations, may be the first sign that indoor pickleball’s real...
McNellis: Real Estate Beyond the Basics
A mortgage broker heard our talk to Menlo College students and wrote back with a sharper point: in commercial real estate, the real...
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.
WeWork Report: San Francisco Members Up 8%, Enterprises Up 11% as AI Fuels Flex Demand
WeWork's mid-year analysis of its global membership found San Francisco added member companies faster than any other major market in its network, with...
BizLink Group Expands With 27,000 SQFT Lease at 668 Mission Court in Fremont as Power Becomes the Deciding Factor
Electronics manufacturer BizLink Group has taken another 27,000 square feet at 668 Mission Court in Fremont's Mission Corporate Center, staying inside the same...
Natera Leases 16,000 SQFT at 191 Industrial Road in San Carlos, Its Third Peninsula Lease of 2026
Natera has signed for 15,600 square feet at 191 Industrial Road in San Carlos, its third Peninsula lease of 2026, as the Austin-based...
Sutter Health Drops 325-Bed Emeryville Hospital Plan Over CEQA Risk, Pivots to Outpatient Campus
Sutter Health has dropped plans for a 330-foot hospital tower at the former Emery Yards campus. It will build outpatient care on the...
AI Firms Have Leased 10MM SQFT in Silicon Valley and the Peninsula Since 2020 as South Bay AI Demand Jumps 67%
Artificial intelligence companies have leased about 10.0 million square feet across Silicon Valley and the San Francisco Peninsula since 2020, and the pipeline...
Sobrato Set to Break Ground in November on 427,000 SQFT Fremont Advanced Manufacturing Campus, City Official Says
The Sobrato Organization will start construction next month on a three-building advanced manufacturing campus along Warm Springs Boulevard in Fremont, a city official...
San Joaquin County Pension Sets $180MM Real Estate Budget for 2027, Targets Retail Shortfall
The San Joaquin County Employees' Retirement Association plans to commit $180 million to real estate next year, pairing a $50 million follow-on with...
Prologis Breaks Ground on Fully Preleased 203,000 SQFT Bayside 55 in Fremont
Prologis has started construction on a 203,120-square-foot industrial building on Bayside Parkway in Fremont that a confidential tenant leased in full before the...
