INDUSTRY news
PG&E Chases 12.7 GW of AI Data Center Demand as Texas Fights to Pull It Away
A century-old utility built to sell less electricity has stood up an economic-development team to court AI data centers, but the contest now...
MIR Mosaic Relocates Headquarters to 90,000 SQFT Morgan Hill Building in $19.6MM Butterfield 5 Deal
Wholesale tile distributor MIR Mosaic is trading its longtime San Jose base for a larger building at Morgan Hill's Butterfield 5 industrial park,...
Joby’s New Vertiport Developer Names California, the One Launch Market Without Federal Cover
Atoms, Travis Kalanick's post-Uber holding company, will develop Joby Aviation's air-taxi stations in California, but the state is the only one of the...
SFPUC Moves to Extend Islais Creek Wastewater Bypass 25 Years
The San Francisco Public Utilities Commission is retooling a “temporary” wastewater pipeline across Islais Creek into a 25-year fixture, opting for a leaner...
Rainbow Housing Assistance Corp Acquires 231-Unit City Towers for $35.2MM in West Oakland
Rainbow Housing Assistance Corp. closed on a $35.2 million acquisition of City Towers, a 231-unit high-rise complex in West Oakland, preserving the property’s...
Kimco Realty Seeks Four-Year Extension as San Jose’s Cambrian Park Plaza Redevelopment Stalls
Six years after San Jose blessed one of its most ambitious suburban makeovers, the owner of Cambrian Park Plaza is asking the city...
Mochila Fulfillment Renews 165,000 SQFT at Southport Business Park in West Sacramento
Mochila Fulfillment has committed to staying put in West Sacramento, renewing 165,342 square feet at Southport Business Park in a quarter when renewals...
Watch Rents Rise
By John Cumbelich Our firm recently completed a Q2 survey of the region’s 25 flagship Power Centers, in which we reported that occupancy...
Visit Tri-Valley Floats $365MM, 100,000 SQFT Event Center in Dublin as Pleasanton Balks at Public Funding
Visit Tri-Valley has pitched a $365 million convention, sports and performing-arts complex beside the Dublin/Pleasanton BART station, but a privately owned venue leaning...
Barry Gosin to Step Down as Newmark CEO After Nearly Five Decades; Board Targets Successor by Year End
Barry Gosin, who built Newmark from a regional brokerage into one of the fastest-growing publicly traded commercial real estate firms in the world,...
Brookfield Clinches Record $77B Quarter, Pushing Assets Past $1 Trillion
Brookfield Asset Management pulled in a company-record $77 billion during the second quarter of 2026, lifting its assets under management past $1 trillion...
San Francisco Office Demand Hits Highest Level Since 2019 as AI Drives 42% of 2026 Leasing
San Francisco's office market logged its fourth straight quarter of positive absorption at midyear 2026, as a revival of large space requirements, an...
