INDUSTRY news
KKR Buys 636-Unit Lynhaven Apartments in San Jose for $346.5MM
San Jose’s apartment market absorbed its third above-average per-unit sale in recent weeks as KKR paid $346.5 million for the 636-unit Lynhaven, a...
Sacramento Multifamily Roars Back With $578MM in First-Half Sales, Its Strongest Run Since 2022
Greater Sacramento's apartment market delivered its most active investment stretch in four years during the first half of 2026, as $578 million in...
Intel Scraps Folsom Campus Sale-Leaseback, Keeps 161.8-Acre Site as AI Demand Fuels Turnaround
Two years after putting its seven-building Folsom research and lab campus up for a sale-leaseback amid mass layoffs and a company-wide cost-cutting push,...
STG Group Buys Eight Floors of San Francisco’s 1155 Market for $8MM, a Decade After $80MM Peak
A Petaluma value-add investor has taken control of the troubled lower half of 1155 Market Street for a fraction of its boom-era worth,...
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...
Mountain House Developers Lands $305MM Credit Facility from Avila for 3,000 Lots in California’s Newest City
Three years after borrowing to buy CalPERS out of one of the pension giant's most punishing real estate bets, the developer of Mountain...
Ashford’s 178-Key Hilton Santa Cruz/Scotts Valley Escalates to Court-Appointed Receivership Sale, Seven Years After $50MM Buy
Ten months after the only full-service Hilton in Santa Cruz County was quietly put on the market following a mortgage default, the sale...
Family Office Sells Land Under 575-Unit West San Jose Project for $22.3MM Ahead of Groundbreaking
Six weeks after San Jose cleared the corner of Stevens Creek Boulevard and Saratoga Avenue for 575 apartments, the land itself sold for...
California Strikes Data Center Energy Deal, Shifting Bay Area Grid Costs Onto Operators
California lawmakers finalized a two-bill compromise Friday ordering regulators to write dedicated electricity rates for data centers, a framework that lands hardest in...
DM Development Nearly Triples Empire Theater Redevelopment in San Francisco’s West Portal to 172 Units, 12 Stories
DM Development has refiled its plans for the shuttered Empire Theater in West Portal, expanding a project that debuted in January as a...
Alliant Strategic’s 104-Unit, Eight-Story Project at 1532 Mount Diablo Boulevard Heads to Walnut Creek Design Review
Alliant Strategic's push to build a 104-unit, eight-story mixed-use building at 1532 Mount Diablo Boulevard reached Walnut Creek's Planning Commission for design review,...
Wistron Moves to Buy Three Fremont Buildings for ~$120MM as Blackstone Affiliate Exits Warm Springs
An entity affiliated with Blackstone is preparing to hand three early-1980s Warm Springs Boulevard buildings to Nvidia supplier Wistron Corp., a pending transaction...
