Commercial
An Approval is Not a Building Permit
Why the hand-wringing over Google’s empty San Jose acreage misses the point entirely. By Billy the Broker (I just want to stay anonymous)...
Everpure Expands Silicon Valley HQ with Sublease for 114,700 SQFT in Santa Clara Office Building
Newly rebranded data storage and management company adds roughly 114,700 square feet through sublease with Analog Devices as headcount growth and record revenue...
DRA Advisors, Blue Rise Ventures List 135,000 SQFT Office and Medical Portfolio at Alameda’s Research Park @ Marina Village
The unpriced offering of three standalone buildings along the Oakland Estuary comes as Alameda dramatically outperforms broader East Bay office vacancy benchmarks. A...
BXP Lists for Sale 144,700 SQFT Mountain View Office Building as Value-Add Play Along El Camino Real
The 51 percent-leased property at 2440 W El Camino Real offers lease-up upside and below-market rents as Silicon Valley’s office recovery gains traction...
Small Business Optimism Drops for Second Straight Month as Capex and Hiring Weaken
Sales and earnings gains offer a counterweight, but labor market softness and sticky inflation cloud the outlook for small firms nationwide Small business...
Decagon AI Leases 69,000 SQFT at BXP’s 680 Folsom in San Francisco Following $250MM Series D Raise
The AI customer service startup, now valued at $4.5 billion, relocates from 100 First Street to the LEED-certified SoMa tower as it scales...
OpenAI Completes 280,000 SQFT Sublease at 1800 Owens Street, Pushing San Francisco Footprint Past 1 Million SQFT
The ChatGPT maker’s takeover of former Dropbox space at The Exchange in Mission Bay cements the AI giant’s dominance as the city’s largest...
Perplexity AI Completes 81,000 SQFT Sublease at 181 Fremont Street, Taking Over Former Meta Offices in San Francisco
The $21 billion AI search startup’s move into the premier Financial District South tower highlights the accelerating transfer of office space from Big...
German Lawyers’ Pension Fund Records $67MM (€57.9MM) Write-Down on 750,000 SQFT Transamerica Pyramid as BVK Exits San Francisco Landmark at ~$700MM
Hessen retirement scheme absorbs full loss on preferred equity tranche after post-pandemic office downturn and a costly renovation erode value of San Francisco’s...
John Muir Health Increases San Ramon Footprint to 100,000 SQFT with Lease Expansion at Bishop Ranch
The health system’s latest expansion at the Bishop Ranch Medical Campus comes as the sprawling office park tears down buildings to make way...
Sale of PIMCO’s 272,000 SQFT 201 California in San Francisco Reaches Pending Status Amid Columbia Property Trust’s Ongoing Loan Default
The potential disposition of the Financial District tower comes as Columbia’s $1.7 billion multi-property loan default continues and appraised values plunge from 2021...
Tech and AI Tenants Drive 9.1MM SQFT Demand Surge as San Francisco Office Market Posts Strongest Leasing Since 2019
AI companies account for 53 percent of all active requirements while trophy space scarcity creates a two-tier market with asking rates approaching $125...
