Prometheus Acquires 93-Unit Bellflower Townhome Community in Sunnyvale from Sack Capital Partners for $55.9MM
Prometheus Real Estate Group paid $55.9 million for a 1960s-era townhome rental community near downtown Sunnyvale, buying it from Sack Capital Partners about...
Bay Area Voters Back $980MM Regional Transit Tax and S.F. Muni Parcel Tax in Early Returns
Bay Area voters appear to have approved both a five-county sales tax worth about $980 million a year for BART, Caltrain, Muni, AC...
71% Leased Urban West Office Building at Walnut Creek’s Contra Costa Centre BART Hits Market
A five-story office building next to the Contra Costa Centre BART station is up for sale after a decade of upgrades and four...
Macerich Defaults on $325MM Loan at 969,000 SQFT Fresno Fashion Fair, a Mall It Still Plans to Keep
Macerich has defaulted on the $325 million loan backing Fresno Fashion Fair after the decade-old, 3.67 percent debt matured Nov. 1, putting one...
Davis Voters Back Measure W by 73% in Early Returns, Clearing Path for 1,250-Home Willowgrove on 232 Acres
Unofficial early returns show Davis voters backing Measure W by nearly three to one, putting the 1,250-home Willowgrove community on 232 acres of...
AIG Files Default on $192MM Loan Backing 300,000 SQFT Phelan Building at 760 Market in San Francisco
Lender AIG has started the foreclosure clock on the Phelan Building at 760 Market Street, filing a notice of default against the Hotung...
Rancho Cordova Seals Up to $185MM Incentive Deal for KozPure’s 7,500-Seat Downtown DOVA Arena
With a second 4-1 vote in as many weeks, Rancho Cordova's City Council locked in the economic agreement behind KozPure Development's Downtown DOVA,...
Macerich Trims Q3 Loss to $16.7MM as Broadway Plaza Fills Up and Fresno Fashion Fair’s $325MM Loan Defaults
Macerich narrowed its third-quarter net loss to $16.7 million and pushed same-center income at its keeper malls up 4.7 percent, but its Northern...
Vander-Bend Manufacturing Renews 207,000 SQFT at 2701 Orchard Parkway in North San Jose in Quarter’s Largest R&D Lease
Vander-Bend Manufacturing has committed to staying in North San Jose for the long haul, renewing 207,006 square feet at 2701 Orchard Parkway in...
ProspectHill Group Pays $22MM for Lattice Semiconductor-Leased 99,000 SQFT R&D Building in North San Jose
ProspectHill Group has paid $22 million for 2115 O'Nel Drive, a fully leased, 98,874-square-foot research and development building in North San Jose whose...
Ellis Partners Takes 386,000 SQFT KPMG Building in San Francisco via Deed in Lieu After Buying $187.5MM Loan
A San Francisco developer has taken over the former KPMG Building by buying its defaulted loan, after the departure of its namesake tenant...
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...
WelbeHealth Buys Kitchell’s 26,000 SQFT 2101 K Street for $7.8MM as Owner-Users Drive Sacramento Sales
WelbeHealth, a provider of all-inclusive senior care, bought Kitchell's 25,600-square-foot building at 2101 K Street in Midtown Sacramento for $7.8 million, one of...
Bay Area Voters Back $980MM Regional Transit Tax and S.F. Muni Parcel Tax in Early Returns
Bay Area voters appear to have approved both a five-county sales tax worth about $980 million a year for BART, Caltrain, Muni, AC...
Did You Know? Tenants Seeking 100,000+ SQFT in San Francisco Have More Than Doubled Since Q2 2025
The number of companies hunting for 100,000 square feet or more of office space in San Francisco has more than doubled since the...
San Francisco Absorbs 3.67MM SQFT of Office Space in 2026as Vacancy Falls to 25.3% With No New Supply
San Francisco tenants have absorbed 3.67 million square feet of office space so far in 2026, a pace topped only once in two...
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...
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,...
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Undisclosed Tenant Leases 10,000 SQFT R&D Space at 1311-1385 63rd Street in Emeryville as Vacancy Hits 40.6%
An undisclosed tenant has signed a 10,000-square-foot R&D lease at 1311-1385 63rd St. in Emeryville, a small deal in a submarket where four...
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...
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...
GSA Taps Cushman & Wakefield’s Mark Weiss to Run Public Buildings Service as Richmond, Santa Rosa Federal Buildings Await Buyers
Mark S. Weiss, a 42-year New York office broker and executive vice chairman at Cushman & Wakefield, will take over the federal government's...
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...
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.
Fort Point Real Estate Partners Buys 59-Building, 928-Unit San Francisco Apartment Portfolio for $440MM
A San Francisco investor less than two years old has bought most of a large apartment portfolio that a lender took back in...
Voters Pass $11.25B Prop. 1 Housing Bond as Housing Trust Silicon Valley Readies Capital for Stalled Projects
California voters approved Proposition 1, authorizing $11.25 billion in state bonds for affordable housing, and Housing Trust Silicon Valley Chief Executive Officer Noni...
San Francisco Absorbs 3.67MM SQFT of Office Space in 2026as Vacancy Falls to 25.3% With No New Supply
San Francisco tenants have absorbed 3.67 million square feet of office space so far in 2026, a pace topped only once in two...
Prometheus Lands $105MM New York Life Refinance for 272-Unit Madrone Apartments in Mountain View
Prometheus Real Estate Group secured a five-year, interest-only $105 million loan from New York Life for its 272-unit Madrone Apartments in Mountain View,...
Solbach Locks In Rules for 49-Story, 538-Unit Tower at 501 Brannan in San Francisco’s SoMa, Nearly Halving Affordable Units
City planning records show Solbach Property Group filed four preliminary applications on Oct. 28 for a 49-story, 538-unit tower at 501 Brannan Street,...
BXP Eyes 30%-60% Rent Gains at Salesforce Tower as San Francisco Occupancy Climbs to 81.4%
BXP told investors on its third-quarter call that the first big lease rollovers at Salesforce Tower are pricing well above expiring rents, as...
Gofo Leases 224,000 SQFT at 6015 Giant Road in Richmond, East Bay’s Largest Q3 Industrial Deal
Gofo, the three-year-old parcel carrier that has built a nationwide delivery network at breakneck speed, has signed a 224,000-square-foot new lease at 6015...
Integral Communities, Feletto Development Advance 5,100-Home Expansion South of Elk Grove’s Kammerer Road
Two specific plans covering roughly 1,169 acres beyond Elk Grove's city limits, Integral Communities' Reserve at Elk Grove and Feletto Development's Elk Grove...
