181,000 Sunnyvale Office Campus Falls into Foreclosure, Scheduled to be Sold at Auction
By Kate Snyder
Foreclosure has hit another office complex in the Bay Area, and the property is scheduled to be sold at auction. The asset, situated in Sunnyvale, is owned...
Verdagy Awarded $39.6MM Grant from Department of Energy for Manufacturing Advanced Alkaline Water Electrolysis...
MOSS LANDING, Calif., March 14, 2024 -- Verdagy, a green hydrogen electrolysis company with over a decade of technology and product development, has been awarded a $39.6M grant (pending...
The Unbridgeable Gap: Rising Home Prices Outstrip Inflation in the U.S. At Twice The...
In the United States, the dream of homeownership is becoming increasingly out of reach for many Americans. The disparity between home price growth and inflation rates has widened significantly,...
Sand Hill Property Sidesteps Loan Default for 99,600 SQFT Mountain View Office Building
In a rare recent development for the Bay Area's commercial real estate market, a major office building in Mountain View has averted a loan default, signaling a little bit...
CalPERS Invests More than $3B into Real Estate Partnerships, Including $750MM to Pacific Urban
By Catherine Sweeney
The California Public Employees’ Retirement System (CalPERS) is continuing to invest in its real estate partnerships. A recent quarterly investment report from the retirement fund shows that...
2024 to Witness Record Life Science Completions as Traditional Office Construction Declines
REPUBLISHED WITH EXCLUSIVE PERMISSION FROM COMMERCIAL EDGE. THE ORIGINAL STORY CAN BE FOUND HERE.
By Evelyn Jozsa
Key Takeaways:
As of March 1, there was 81.4 million square feet of office space...
New Natomas Costco Spurs Great Interest from Eager Shoppers
In a display of anticipation and community enthusiasm, the grand opening of a new Costco warehouse in the Natomas area of Sacramento saw hundreds of shoppers lining up, some...
As Mortgage Rates Dip, Surging Listings Shape the Market
As the housing market continues to evolve, recent reports from Freddie Mac and Redfin reveal a complex landscape marked by decreasing mortgage rates and a significant surge in new...
Burlingame Planning Commission Votes in Favor of 1.3MM SQFT Peninsula Crossing Project
By Kate Snyder
Burlingame could soon continue its streak of life science development within the city. A proposal from DivcoWest and Woodstock Development, Inc., to redevelop a 12-acre site in...
U.S. Senator Padilla Announces $237MM in Federal Funding for 17 California Projects
WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.) announced $236.9 million in federal funding for 17 California projects to improve neighborhood connectivity, roadway infrastructure, and street safety. The...
