CIM Group’s 165,000 SQFT Central Tower Heads to Foreclosure in San Francisco After $98MM Default
A freshly recorded appraisal reduction and a slide past 121 days delinquent have deepened the distress at the historic Central Tower, where special...
Clarion Partners Buys 209,700 SQFT Fremont Logistics Facility for $89.5MM
A fully leased Fremont logistics building has traded for $10 million more than its owner paid just two years ago, a jump that...
Nesto Park Capital Markets 160,000 SQFT Flagship Data Center at San Francisco’s 1215 Michigan Street
Nesto Park Capital has begun marketing a flagship San Francisco data center tied to 1215 Michigan Street, a quarter-acre Dogpatch industrial parcel, even...
Toys R Us Returns to the Bay Area with Stores at Bay Street Emeryville and Streets of Brentwood as WHP Global Adds 120 US Locations
The most famous casualty of the last decade's retail shakeout is back on Bay Area shopping centers, with Toys R Us opening holiday...
Gilroy Freezes New Data Center Approvals With 45-Day Moratorium as Amazon’s $2B Campus Advances
Gilroy's leaders moved to close the regulatory gap that allowed an Amazon data center to advance without public review, pausing new projects while...
UCLA Warns Bay Area Hyperscalers’ Data-Center Debt Carries Recession Risk
A September 2026 UCLA Economic Letter warns that the fast-growing debt financing the AI data-center boom, much of it carried by Bay Area...
California’s 53 Data Centers Anchor the AI Economy, but the State Holds Just 0.6% of the Nation’s Planned Capacity
California operates more data centers than all but a handful of states, yet a new national tally shows its post-2026 construction pipeline amounts...
Ascentris, DM Development Close on 152-Unit 321 Florida in San Francisco’s Mission, Land $61.7MM PNC Construction Loan
The Denver-based private equity firm Ascentris and San Francisco developer DM Development have closed on 321 Florida and a $61.7 million PNC Bank...
Starbucks-Anchored Castlewood Corner, a 17,000 SQFT Credit-Tenant Retail Center in Gilroy, Hits the Market at $13.5MM
A 16,500-square-foot, credit-tenant retail center anchored by Starbucks and U.S. Bank on Gilroy's busiest commercial artery has been listed for sale at just...
Skanska Completes 21,000 SQFT Sutter Health Care Center in Pleasanton, Expanding Tri-Valley Specialty Access
Skanska has wrapped a 21,000-square-foot tenant improvement for Sutter Health in Pleasanton, delivering a new pediatric urgent care, imaging and physical therapy hub...
Rubicon Point Partners Buys 160-Unit Ansel Apartments in San Francisco’s Hayes Valley for $98.3MM
A Class A apartment tower that Newmark spent much of this year marketing as a rare fee-simple, core multifamily offering has traded 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...
UCLA Warns Bay Area Hyperscalers’ Data-Center Debt Carries Recession Risk
A September 2026 UCLA Economic Letter warns that the fast-growing debt financing the AI data-center boom, much of it carried by Bay Area...
California’s 53 Data Centers Anchor the AI Economy, but the State Holds Just 0.6% of the Nation’s Planned Capacity
California operates more data centers than all but a handful of states, yet a new national tally shows its post-2026 construction pipeline amounts...
San Francisco Building Operations Drive $12.7BN Economic Engine at Nation’s Second-Highest Cost Per Foot
A new economic-impact study from BOMA International quantifies the Bay Area's building-operations economy, finding that San Francisco runs the costliest commercial space in...
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...
Oakland Downtown Development Corp. Launches With $2MM, Setting Up Coordination With Benefit Districts
The Oakland Downtown Development Corp. debuted Thursday with $2 million in private backing and an agenda of lighting, safety and street programming that...
Economist Ken Rosen: The Bay Area’s Cheap-Leverage Era Is Over, and Cap Rates Must Rise
Speaking on CBRE's podcast The Weekly Take, veteran economist Ken Rosen said the end of a 17-year run of cheap money will force...
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...
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OpenAI Nears Deal for 100,000 SQFT Cisco Sublease in San Francisco’s Mission Bay
OpenAI is closing in on a sublease for roughly 100,000 square feet at 500 Terry A. Francois Blvd. in San Francisco’s Mission Bay,...
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...
300,000 SQFT Phelan Building at 760 Market Offered as $140MM Note Sale in San Francisco
The 299,549-square-foot Union Square landmark, anchored by Figma's global headquarters, is being offered by Newmark as a note sale carrying $140 million 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...
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,...
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...
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...
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,...
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)...
OpenAI Nears Deal for 100,000 SQFT Cisco Sublease in San Francisco’s Mission Bay
OpenAI is closing in on a sublease for roughly 100,000 square feet at 500 Terry A. Francois Blvd. in San Francisco’s Mission Bay,...
SFO Wraps $215MM Runway 1R Rebuild Days Ahead of Schedule, Restoring Capacity Before Holiday Rush
San Francisco International Airport will return its shortest runway to service on September 29, capping a six-month, $215 million reconstruction that funneled all...
WareSpace Enters Bay Area With $16.05MM Purchase of 64,100 SQFT South San Francisco Warehouse
The deal brings WareSpace to 34 facilities nationwide as Jadian Capital’s expanded $500MM commitment fuels a push toward 100 locations. WareSpace, a national...
VanTrust Files Plans for 320,000 SQFT Metro Business Park in Sacramento
The filing comes weeks after VanTrust broke ground on its first Sacramento-area project in Rancho Cordova, positioning the Kansas City developer to deliver...
JLL Income Property Trust Buys Roseville Outpatient Center for $19MM
A fully redeveloped, 95%-leased outpatient building near two Roseville hospital campuses pushes JLL Income Property Trust’s healthcare allocation to 10% of its $7.0...
Performing Arts Group Nears Purchase of Oakland’s Historic Scottish Rite Center
Built in 1927 and reworked into Greek-influenced Art Deco style after lake-air damage in the 1930s, the century-old venue would keep a rare...
Infineon’s 172,000 SQFT Champion Court Campus Listed for Sale in San Jose
CBRE markets the chipmaker's 11.61-acre North San Jose campus for sale-leaseback as Infineon consolidates into a new lease at 6001 America Center Drive.
IQHQ Hands Vacant 330,000 SQFT South San Francisco Biotech Building to Apollo
With Bay Area life science vacancy above 30% and rents still falling, a lender-controlled Spur building becomes a test case for who can...
