Finance
Equinix Rides AI Inference Wave to Record Q1 Sales as West Coast Capacity Tightens
The Redwood City data center giant booked its largest sales quarter ever as agentic AI workloads push enterprises off the public cloud and...
Zurich Alternative Asset Management Pays $32.8MM for 54,700 SQFT Jackson Square Office Building in San Francisco
The Swiss insurer’s real estate arm acquired the 54,700-square-foot building at 394 Pacific Avenue from Grosvenor Americas at approximately $600 per square foot,...
Academy of Art Sells Landmark St. Brigid Church on Van Ness for $4.7MM in San Francisco
The for-profit university unloaded the century-old Pacific Heights landmark to an entity tied to home furnishings firm JLA Home at a price below...
SK Hynix America Pays $49.5MM for 110,500 SQFT Advanced Manufacturing Building in South San Jose
The all-cash acquisition of the 110,542-square-foot facility at 5981 Optical Court prices the property at $448 per square foot and marks the semiconductor...
Elk Grove Lands 63.8-Acre Mahon Ranch Parcel for $5.1MM in Strategic Industrial Play
The city’s southeast push extends a growing industrial corridor anchored by Kubota’s western distribution hub, signaling sustained ambitions in a softening Sacramento warehouse...
Blackstone Mortgage Trust Covers Dividend Third Straight Quarter as Platform Pivots Toward Data Centers and Net Lease
The $19.7 billion CRE lender posted a GAAP net loss but distributable earnings cleared the dividend hurdle, signaling that a portfolio reset built...
Starwood Pulls the Plug on SREIT Redemptions, Slashes Distribution as Non-Traded REIT Reckoning Reaches Its Endgame
Barry Sternlicht’s $22.4 billion fund becomes the last holdout in a sector-wide liquidity crisis, betting that Sunbelt multifamily fundamentals will reward shareholders who...
AvalonBay Northern California Residential Revenue Climbs 3.9% as San Francisco Rents Surge 8.1%
The Bay Area is now AvalonBay’s strongest established region, with strength spilling from San Francisco and San Jose into the East Bay during...
Bay Club Acquires San Francisco City Block Totaling +150,000 SQFT for $65MM
After Nearly 50 Years as a Tenant, Bay Club Secures Permanent Ownership of Its Founding San Francisco Location SAN FRANCISCO, April 30, 2026...
Northern California Carries Essex as Bay Area Tech Demand Outpaces Seattle, Los Angeles in Q1
The West Coast’s largest multifamily REIT beat expectations as cap rate compression and a $62 million stock buyback signaled a private-public valuation gap....
Apartment Titans AvalonBay and Equity Residential Eye $50B Merger That Could Redraw US Rental Map
The two largest US apartment REITs are in early-stage talks on a combination that would create a roughly 200,000-unit landlord and reignite REIT...
AllianceBernstein Lists 154,000 SQFT 2390 Mission College Blvd. in Santa Clara After Taking Title in $46MM Loan Loss
The Wall Street firm’s foreclosure on PCCP’s 2390 Mission College Boulevard now becomes a value-add test case in a Silicon Valley office market...
