INDUSTRY news
Sunnyvale Rethinks Development of Popular Business Park
By Sharon Simonson Redevelopment pressure is driving the city of Sunnyvale—a big beneficiary of the technology industry boom—to undertake a major rethink of...
Kennedy Wilson Buys First Oakland Apartments
By Jon Peterson Beverly Hills-based Kennedy Wilson captured a 5.7 percent going-in yield on its newly acquired Regency Tower Apartments in the Lake...
North San Jose in Grand Funk?
By Jon Peterson Molasses-slow leasing velocity in North San Jose in the third quarter has landlords and brokers watching the numbers, hoping the performance...
Mountain View Apartments Sell for Sub-5 Percent Yield
By Jon Peterson Boston-based fund manager Rockpoint Group has paid not quite $30 million all cash to buy a 127-unit Mountain View apartment...
Kilroy Realty Corp. Willing to Go Spec All the Way
333 Brannan Street in San Francisco By Sharon Simonson Office landlord Kilroy Realty Corp. would begin construction next year on a speculative basis...
Drawbridge Makes the Connection
By Jon Peterson New York City-based Almanac Realty Investors has finalized a $150 million equity investment in San Francisco-based Drawbridge Realty Trust, a...
San Francisco Hotel Palomar Sells for $300,000 a Room
By Sharon Simonson Maryland-based Pebblebrook Hotel Trust has acquired San Francisco’s Hotel Palomar for $58 million, or not quite $300,000 a room. The...
Boston Properties to Invest $1.4B in Two San Francisco Buildings
By Sharon Simonson Boston Properties Inc. considered buying San Francisco’s 101 California St. from the Hines company but instead decided to develop the...
Essex Bets On Downtown San Jose—Again
By Sharon Simonson Palo Alto’s Essex Property Trust Inc. plans another major foray into downtown San Jose with the construction of a 21-story...
Silicon Valley Architects Recognize Best Work
By Sharon Simonson Education and public spaces won big in the 2012 Design Awards of the Santa Clara Valley chapter of the American...
Facebook Campus Designed For Evolving Company Culture
By Sharon Simonson Facebook leaders worried the company would lose its startup culture and distinct genetics when it left downtown Palo Alto. So...
Japanese Retailer Likes Bay Area Urban Cores
By Sharon Simonson A Japanese retailer whose brand image echoes American society’s current quest for a more sustainable lifestyle is opening a 7,000-square-foot...