INDUSTRY news
Santa Clara Investor Group Acquires 112-Room Hyatt Place Newark/Silicon Valley for $19.8MM
Ashok Goyal’s buying group acquired the 2023-built hotel at $176,300 per room — well below the $25.8 million debt the lender took back...
Ballast Lands 80-Unit Grosvenor Atrium in Pacific Heights for $35.3MM, Doubling Down on San Francisco
The San Francisco multifamily operator paid roughly $441,250 per unit for 1690 Broadway, its latest play in a neighborhood where it has spent...
California Exports Climb 4.2% in March as Persian Gulf War Rattles Trade Outlook
The state’s first-quarter export gains mask deeper turbulence as fuel costs surge, Gulf shipments collapse, and California’s share of national export trade slips...
Meta Pulls the Plug on 1.6MM SQFT Willow Village in Menlo Park, Halting Silicon Valley’s Most Ambitious Corporate Campus
The 59-acre Menlo Park mega-project, first envisioned a decade ago to house 7,000 employees, joins a growing list of casualties as the tech...
Weil Gotshal Signs 59,000 SQFT Lease Renewal at Hudson Pacific’s Towers at Shore Center in Redwood Shores
The early renewal anchors one of the Peninsula’s premier law-firm offices and removes a 2026 expiration overhang for Hudson Pacific. Hudson Pacific Properties...
Mirum Pharmaceuticals Expands to 56,000 SQFT at Hudson Pacific’s Metro Center in Foster City
The rare-disease drugmaker doubles down on its Foster City headquarters as commercial revenue from its lead therapy accelerates. Mirum Pharmaceuticals has renewed and...
San Francisco’s Tax Code Emerges as Biggest Drag on Downtown Recovery, New Report Finds
Bay Area Council Economic Institute study shows the city’s business tax burden dwarfs peer cities, with a hypothetical tech firm paying triple what...
AI-Chip Startup Axiado Signs 29,000 SQFT Lease at Hudson Pacific’s Concourse in North San Jose
The platform-security company moves into a Class A campus near San Jose International Airport, months after closing a $100 million Series C+ funding...
Hudson Pacific’s Northern California Office Portfolio Anchors Q1 Leasing Push Despite Sub-73% Occupancy
The Bay Area is HPP’s largest region by square footage and its weakest by occupancy, but the company landed its three highest-profile new...
Colliers Secures Leasing Assignment of Kennedy Wilson’s 607,000 SQFT 601 City Center Office Tower in Oakland
601 City Center stands as the East Bay’s largest and newest Class A office tower. Oakland, California 05/07/2026 – Colliers is pleased to...
Lightspeed Venture Partners Leases 43,284 SQFT Space at 149 New Montgomery for San Francisco HQ
The Menlo Park venture firm, which led Anthropic’s Series E and backed its $380 billion Series G, is relocating its headquarters from Sand...
Swenson, Pacific Housing Pay $15MM for Berryessa BART Site Slated for 260 Affordable Apartments in San Jose
The triangular parcel at 1655 Berryessa Road anchors the second phase of San Jose’s Facchino Neighborhood, a 13-acre transit-oriented redevelopment A partnership between...
