INDUSTRY news
Walmart Wraps $150MM Buildout of 719,000 SQFT Moffett Green Campus It Subleased From Meta in Sunnyvale
Walmart has finished a $150 million interior buildout of Moffett Green, the four-building Sunnyvale campus it subleased from Meta Platforms, turning a property...
Waterford Property Targets Up to 2,500 Homes in Santa Clara County, Starting With 75 Affordable Units in Milpitas
Waterford Property Co. aims to add up to 2,500 homes in Santa Clara County over five years, starting with 75 affordable units in...
Alexandria Extends $5B Credit Line to 2032 as Bay Area Sales Anchor $2.9B Deleveraging Push
Alexandria Real Estate Equities has pushed the maturity on its $5 billion revolving credit facility out to 2032 and shaved its borrowing spread,...
Stanford Hotels Wraps First Overhaul of 280-Room Hilton Santa Clara in 25 Years, Betting on Groups and Game Days
Stanford Hotels has finished a multimillion-dollar, phased overhaul of the 280-room Hilton Santa Clara, reworking guest rooms, dining and nearly 17,000 square feet...
Oakland Retail Vacancy Headed to 6.8% as New Construction Falls to Lowest Level Since 2007
Marcus & Millichap's newly published third-quarter report on the Oakland metro forecasts retail vacancy rising to 6.8 percent by year-end and asking rents...
Bay Area Construction Pay Outruns High Costs to Rank Among Nation’s Best
A new Construction Coverage analysis of federal wage and cost data found that construction workers across Silicon Valley and the North Bay hold...
Retool Renews 55,000 SQFT at the Hamm’s Building, 1550 Bryant St., as San Francisco Tenants Keep Space in a Tightening Market
Software company Retool renewed its 55,000-square-foot headquarters at the former Hamm's brewery building at 1550 Bryant St., according to CBRE, as rising rents...
Sierra Grows to 351,000 SQFT at China Basin’s 185 Berry St., Landing San Francisco’s Largest Office Deal of Q3
Bret Taylor's customer-service AI company Sierra completed a 351,135-square-foot renewal and expansion at 185 Berry St., according to CBRE, the largest San Francisco...
EKN Walks Away From Entitled 56-Room Downtown Petaluma Hotel, Leaving City to Chase $860,000 in Costs
Newport Beach-based EKN Development has told the City of Petaluma it will not build the four-story, 56-room Appellation hotel it spent roughly four...
Prologis Files Plans for 514,000 SQFT Data Center on Charcot Avenue in North San Jose
Prologis wants to tear down five aging North San Jose industrial buildings and put up a 99-megawatt, three-story data center at 326 Charcot...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Wells Fargo Sees Higher Rate Floor Squeezing Bay Area Housing as AI Buildout Powers Data Centers
Wells Fargo's latest economic outlook argues that a structurally higher floor under long-term interest rates will keep pressure on Northern California housing and...
