Commercial
Stockbridge Lands $700MM Refinance on Roblox-Anchored 1MM-SQFT Bay Meadows Campus in San Mateo
Stockbridge lands a $700MM floating-rate refinance on its Roblox-anchored Bay Meadows office campus in San Mateo.
Microsoft Begins Construction on 48MW Data Center Campus in San Jose’s Alviso, Capping Nine-Year Hold on $73.2MM Site
Nine years after quietly assembling 65 acres along Highway 237, Microsoft has put shovels in the ground on its first purpose-built, company-owned data...
Meta Layoffs Draw Morningstar Scrutiny to $1.17B in Loans on Park Tower at Transbay and Burlingame Point
Morningstar credit analysts have widened their watch on Meta’s Bay Area real estate footprint to two more single-tenant trophy properties—San Francisco’s Park Tower...
Planet Labs Adds 40,000 SQFT at 645 Harrison St. in San Francisco as Satellite Backlog Surges to $906MM
Satellite imaging company Planet Labs PBC has taken a third floor at its SoMa headquarters, betting that San Francisco’s talent pool can help...
Basin Street Lists 136,000 SQFT Petaluma Theatre District Portfolio for Sale Through JLL in Downtown Petaluma
Basin Street Properties has put the three anchor assets of Downtown Petaluma’s Theatre District on the market, offering investors a rare shot at...
Cloudwick-Anchored 114,000 SQFT Newark Office Building Hits Market at $24.47MM Appraised Value
An entity affiliated with Anthony Chang has listed 39899 Balentine Drive, a three-story, 68-percent-leased Newark office building anchored by data-and-AI firm Cloudwick Technologies,...
Apple Acquires 195,000 SQFT Sunnyvale Office Building for $162.2MM
Apple’s latest South Bay office acquisition signals that the tech giant is using a soft office market to lock in long-term space at...
Infill Retail and Grocery Owners Land EV Fast-Charging Leases the Big REITs Can’t Reach
A surge of letters of intent for DC fast charging is flowing to single-property and small-portfolio retail and grocery owners in high-adoption markets,...
UKG Renews 23,000 SQFT at 55 Second Street in San Francisco’s Financial District
The enterprise software firm’s recommitment at the 379,000-square-foot Mission Street tower — which returned to market after Paramount Group defaulted on its financing...
AI Training Startup Mercor Expands With 27,272 SQFT Sublease at San Francisco’s 181 Fremont Tower
The $10 billion AI training startup’s sublease expansion at the former Meta-occupied tower — closed in May as San Francisco sublease availability fell...
AI Capital Pulls Silicon Valley Office Market Off the Floor as Nvidia, Apple Spend Billions and Vacancy Drops to 15.3%
A surge of artificial-intelligence venture capital is reviving Silicon Valley’s battered office market, with Nvidia and Apple spending billions on acquisitions and South...
Weekday Workforce in San Francisco’s Financial District Climbs 18% as Return-to-Office Gains Momentum
New cell phone mobility data from JLL shows weekday worker activity across San Francisco’s downtown core jumped 18 percent year-over-year, with the North...
