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CommercialINDUSTRY news

OpenAI Eyes Major Silicon Valley Expansion as AI Boom Fuels Real Estate Demand

The ChatGPT maker is scouting up to 300,000 square feet of office space in Silicon Valley, signaling aggressive growth plans OpenAI is making...

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AECFinanceINDUSTRY newsResidential

Macy’s Vacant Store in Corte Madera Could Become Key to Marin County’s Housing Push

San Francisco developer Prado Group eyes mixed-use redevelopment of shuttered department store site A defunct Macy’s store in Marin County has emerged as...

Walmart, Fremont, Bay Area, Sam’s Clubs
FinanceINDUSTRY newsNews ReleasesRetail

Sterling Logistics Properties Acquires 127,400 SQFT Former Walmart Location in Fremont for $32.6MM

The acquisition was made on behalf of Sterling Consumer Logistics Properties I, LP (“The Fund”), a $225 million equity fund. The Fund primarily...

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CommercialFeaturedINDUSTRY news

Microsoft’s Office Return Reflects Growing Industry Trend

Microsoft weighs stricter attendance rules as companies continue pulling back from pandemic-era flexibility The corporate world’s return-to-office momentum appears to be accelerating in...

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CommercialFeaturedINDUSTRY news

AI’s Geographic Divide: Bay Area Dominance Persists as Regional Gaps Widen

A comprehensive new analysis of America’s artificial intelligence landscape reveals a stark geographic reality: while AI adoption is growing rapidly nationwide, the technology’s...

Silicon Valley
CommercialFinanceINDUSTRY news

Kilroy Realty to Sell 663,000 SQFT Sunnyvale Mathilda Campus for $365MM

The 15-acre tech campus sale reflects broader challenges in Silicon Valley’s office market as companies reassess real estate needs Kilroy Realty Corporation has...

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FinanceHospitalityINDUSTRY news

Aloft Cupertino Secures $34MM Bridge Loan for Hotel Recapitalization

Shashi Group has secured $34 million in bridge financing to recapitalize a Marriott-branded hotel property strategically located near Apple’s corporate facilities in Silicon...

Silicon Valley and Green Hills at Dusk from Monument Peak,
CommercialFinanceIndustrialINDUSTRY news

Swift Places ~300,000 SQFT Santa Clara R&D Campus On the Market with $45MM in Contracted Revenue

Santa Clara property offers investors flexibility for industrial redevelopment in prime tech corridor amid shifting market dynamics A 16.8-acre research and development campus...

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CommercialINDUSTRY news

Snap Secures 156,000 SQFT Silicon Valley Office Deal in Sunnyvale Amid Market Recovery

Social Media Giant Takes Full Building in Sunnyvale as Tech Returns to Physical Workspaces Snap Inc., the parent company of popular social media...

Silicon Valley
CommercialINDUSTRY news

Cloudera Makes 45,000 SQFT HQ Move in San Jose, Signaling Confidence in Silicon Valley’s Office Recovery

Major data analytics firm’s 45,372-square-foot lease at San Jose’s America Center Drive caps off 17-year relationship with Newmark brokers as tech leasing drives...

Silicon Valley with the Apple spaceship campus in the foreground
CommercialFinanceINDUSTRY news

Apple Pays Premium for Sunnyvale Office Campus in $350MM Deal with Jay Paul

Tech giant’s acquisition reflects continued confidence in Silicon Valley real estate despite market volatility Apple Inc. has purchased a two-building office complex at...

Aerial view of Silicon Valley
CommercialFinanceINDUSTRY news

Apple Strengthens Cupertino Presence with $167MM Office Complex Purchase from PGIM

Tech Giant Acquires Three-Building Campus It Previously Leased Apple Inc. has solidified its presence in its Silicon Valley hometown by purchasing a major...

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