INDUSTRY news
Propositions 1 and 37 Put $36B Housing Bet Before Northern California Voters
The two measures on California's November ballot would authorize more than $36 billion in bonds to build affordable apartments and push middle-income renters...
Basin Street Properties Acquires 113,000 SQFT Northgate Office Pair in San Rafael, Returning to Its Marin Roots
Basin Street Properties has closed on 899 and 1050 Northgate Drive, the 113,094-square-foot office and medical office pair that hit the market this...
MHP Hospitality Bets $8.5MM on Reviving Historic Hotel De Anza in Downtown San Jose
The new owner of San Jose's 94-year-old Hotel De Anza is spending $8.5 million to restore the Art Deco landmark and has recruited...
Central Valley Multifamily Holds Steady as Construction Pipeline Swells 44%, Led by Bakersfield
The Central Valley's apartment market absorbed all of its renter demand within existing inventory during the second quarter as vacancy tightened and rents...
Fair Association Weighs 32-Court Pickleball Complex at Alameda County Fairgrounds as Oversight Fight Escalates in Pleasanton
The Alameda County Fair Association is weighing a 32-court pickleball complex on a fairgrounds parking lot in Pleasanton, the latest year-round venture to...
Walnut Creek Opens 2050 General Plan Update With Community Workshop to Steer Housing and Land Use Through Midcentury
The City of Walnut Creek is launching a multi-year rewrite of the long-range blueprint that governs land use, housing and development across the...
Port of San Francisco Opens Alioto’s Plaza at Fisherman’s Wharf After 11,000 SQFT Restaurant Proved Too Costly to Lease
The Port of San Francisco cut the ribbon on a 5,000-square-foot public plaza at Fisherman's Wharf on Sept. 2, converting the site of...
Nominal Machining Leases 21,105 SQFT of Power-Ready Industrial Space in Rancho Cordova
A precision CNC manufacturer serving aerospace, defense, semiconductor and medical clients has locked down expansion space in one of Sacramento's tightest industrial submarkets,...
Lennar Trades Margin for Volume as 7% Rates Squeeze California Homebuyers
Lennar Corporation delivered 20,840 homes and $8.05 billion in revenue in its fiscal third quarter but missed Wall Street targets, deliberately sacrificing profit...
California Regains Job Momentum in August as Shrinking Labor Force Clouds Outlook
California's labor market rebounded in August with 39,400 new nonfarm jobs and an upward revision to July's tally, yet a continued contraction in...
Property Reserve Buys 330-Unit Mountain View Apartment Complex for $296.7MM
The LDS Church's investment arm, Property Reserve, pays $296.7 million for the 330-unit Village Residences in Mountain View, just 1.6% above its 2019...
Physical Intelligence Leases 233,500 SQFT in Mountain View Near Google’s HQ
Physical Intelligence leases 233,500 SQFT in Mountain View near Google, joining a robotics leasing wave reshaping Silicon Valley office demand.
