INDUSTRY news
San José Fights for Opportunity Zones 2.0 Tracts as State Backs 15 of 36 City Picks
San José officials lobbied Sacramento and Washington to secure 36 priority census tracts under the newly permanent federal Opportunity Zones 2.0 program, but...
FAA Taps Walsh Federal for $148.8MM Air Traffic Control Tower at Sacramento International Airport
The FAA's design-build award to Walsh Federal moves Sacramento International Airport's long-delayed tower replacement toward a summer 2027 groundbreaking, with a new north...
Construction on 132-Unit Tamien Station Affordable Phase Set for Q2 2027
As Phase 1 marks its ribbon-cutting, city and state filings show the path to breaking ground on Tamien Station's second affordable building has...
Stay Cal Hospitality Buys 181-Room Courtyard Newark Silicon Valley for $12MM
San Mateo-based Stay Cal Hospitality is adding a Marriott-branded select-service hotel on Newark Boulevard to a Bay Area portfolio that runs from San...
Rialto Takes Back 35,000 SQFT 580 Market St. Office After Paragon’s $17.5MM Debt Goes Unpaid
Paragon Company paid about $690 per square foot for the 1907-built Market Street building in 2015. It has now been appraised at about...
UC Berkeley’s Building Wave: $550MM AI Hub Opens as 2,738 Student Beds Rise
With a $550 million, gift-funded computing and data science hub now open and two student housing towers totaling 2,738 beds under construction, UC...
Airbnb Signs 123,000 SQFT New Lease at 850 Brannan St. as Its San Francisco Rebound Gathers Speed
Airbnb signed a 122,958-square-foot new office lease at 850 Brannan St. in the third quarter, according to CBRE, days after reports that it...
Trepp: Parkmerced Skews San Francisco’s Multifamily Risk as AI Fuels Nation-Leading Rent Growth
A new Trepp risk ranking puts San Francisco near the top of the West's most stressed multifamily markets, but the firm's own analysts...
Construction Underway on Panattoni’s 488,000 SQFT Milpitas Build-to-Suit Approved for Amazon Distribution Hub
The 487,564-square-foot building in Milpitas will have 27 loading docks and about 363 jobs, and it will add nearly 10 percent to the...
BXP Wins 18-Month Extension for $1B, 981,000 SQFT 4th and Harrison Office Project in Central SoMa as It Courts an AI Anchor
BXP has secured 18 more months to keep its long-dormant 4th and Harrison office campus alive in San Francisco's Central SoMa, and the...
Preylock Buys EQT Exeter’s 491,000 SQFT The Assembly Campus in North San Jose for $268.3MM
Los Angeles-based Preylock has bought The Assembly, EQT Exeter's fully leased North San Jose campus that houses Figure AI's humanoid robot factory, for...
Skydio Hunts for Up to 400,000 SQFT Drone Factory as San Mateo Sublease Nears End
Skydio is scouting 300,000 to 400,000 square feet of manufacturing space and weighing out-of-state incentives, even as it pushes its Hayward plant toward...
