INDUSTRY news
Sacramento Office Market Absorbs Nearly 200,000 SQFT in Q2 as Vacancy Falls Toward 20%
Sacramento’s office market posted its strongest quarter in years during the second quarter of 2026, absorbing nearly 200,000 square feet and driving vacancy...
Nevada PERS Nears $62.2MM Acquisition of 62,500 SQFT 1400 Veterans Medical Office Building in Redwood City
A Nevada public pension fund is closing on a Peninsula medical office building as part of an all-cash push to double its real...
Transpak Renews and Expands to 164,000 SQFT at 38503 Cherry Street in Newark
A global logistics operator has doubled down on Newark, renewing and enlarging its footprint in one of Silicon Valley’s most active industrial submarkets...
Palo Alto Networks Extends 941,000 SQFT Santa Clara Headquarters Campus Through 2040
Palo Alto Networks has locked in its Santa Clara headquarters for another generation, extending leases across its 940,564-square-foot campus through mid-2040 in the...
Bay Area Office Construction Pipeline Shrinks to 636,000 SQFT, Led by Preleased Silicon Valley Campuses
Colliers’ Q2 2026 report shows the Bay Area’s office construction pipeline has shrunk to just 636,000 square feet, with 89 percent of it...
Fabrinet Subsidiary Buys 225,000 SQFT Santa Clara Office Campus for $76.9MM
An optical components manufacturer has tripled its available footprint in Santa Clara, buying a three-building office campus at a price that lands well...
Brookfield Takes 49% Stake in Healthpeak’s $2.1B, 86-Building Outpatient Medical Portfolio for $1.025B
Healthpeak Properties has sold a non-controlling 49 percent stake in a national portfolio of 86 outpatient medical buildings to Brookfield Asset Management for...
Embarcadero Plaza’s $40MM Waterfront Park Overhaul Clears Final Environmental Hurdle in San Francisco
San Francisco's $40MM Embarcadero Plaza and Sue Bierman Park overhaul won final approval and a CEQA exemption, clearing the path to construction.
Nvidia Leases 303,000 SQFT Industrial Building at 5853 Rue Ferrari in South San Jose
The world’s most valuable chipmaker has planted a major new industrial flag in South San Jose, signing the second-largest Silicon Valley industrial lease...
HEART Buys Azara, 74-Unit Luxury San Mateo Apartment Community, for $54.75MM
A public housing agency has emerged as the buyer of one of the Peninsula’s newest luxury apartment communities, acquiring the 74-unit Azara in...
Leeland Properties Restarts 146-Room Element Hotel on Sacramento’s Stockton Boulevard After Closing Preferred Bank Construction Loan
Leeland Properties closed a Preferred Bank construction loan to restart the 146-room Element Hotel on Sacramento's Stockton Boulevard.
Essex’s Northern California Apartments Lead the Portfolio as Q2 Revenue Climbs 4.4%
Essex Property Trust’s Northern California apartments outperformed every other region in its portfolio during the second quarter of 2026, as tightening Bay Area...
