INDUSTRY news
San Francisco Launches Up to $100,000 Storefront Grant to Fill Vacant Retail Spaces
The Office of Economic and Workforce Development is accepting applications through February 13 for grants and brokerage services aimed at activating empty commercial...
Kimpton Mirador Debuts in Pacific Grove, Ushering in New Full-Service Hospitality Era on the Monterey Peninsula
The long-anticipated hotel delivers more than 90 jobs and the city’s first full-service restaurant-and-bar concept inside a lodging property. Pacific Grove has officially...
California’s $4.3 Trillion Economy Posts Fastest Growth Since 2023 at 4.5%
The nation’s largest state economy outpaces both the national growth rate and rivals Texas and Florida, with Los Angeles County alone generating more...
AI Fears Hammer Commercial Brokerage Stocks in Multi-Day Sell-Off
Analysts at Keefe, Bruyette & Woods argue the market rout overstates the immediate threat artificial intelligence poses to labor-intensive real estate advisory work,...
AXS Opportunity Fund Acquires 477,000 SQFT Concord Technology Center for $42MM
Beverly Hills investor purchases distressed East Bay office campus at 71 percent discount following major tenant’s lease commitment A distressed Concord office campus...
Orrick Leases 56,000 SQFT at IQHQ’s Elco Yards in Redwood City, Leaving Menlo Park Office Park
Law firm relocates to transit-served downtown campus as Peninsula office demand shifts toward walkable cores As Silicon Valley’s office market continues to recalibrate,...
Small Business Optimism Slips in January as Hiring Plans Ease, Sales Outlook Hits 2025 High
Wells Fargo Economics says labor market remains in “a state of malaise” despite firmer revenue expectations Business sentiment often shifts before hard economic...
GM Eyes 400,000 SQFT Sunnyvale Campus as Automaker Plots Massive Bay Area Consolidation
The Detroit automaker is racing to unify its fragmented Bay Area engineering and AI workforce under one roof, with Tech Corners in Sunnyvale...
Tech and AI Tenants Drive 9.6MM SQFT Demand Surge as San Francisco Office Market Posts Strongest Leasing Since 2019
AI companies account for 49 percent of all active requirements while trophy space scarcity creates a two-tier market with asking rates nearly double...
Tidewater Capital Buys 76-Unit Lower Nob Hill Apartment Building for $15.15MM in San Francisco
Tidewater Capital–affiliated buyer expands Bay Area multifamily footprint Lower Nob Hill has remained one of San Francisco’s most actively traded apartment submarkets, even...
Eden Housing Files Permits for 232 Affordable Homes at The Rise in Cupertino, Advancing First Vertical Construction at Former Vallco Mall
The permit application marks the beginning of residential construction at the 50-acre mixed-use redevelopment that has been more than a decade in the...
Failed Private School Campus Pivots to 225,500 SQFT Medical Complex in San Jose
HealthMed Realty is marketing three vacant buildings at 525 Race Street and 550 Meridian Avenue as a healthcare destination after Avenues: The World...
