Bank of America
San Francisco’s Tax Code Emerges as Biggest Drag on Downtown Recovery, New Report Finds
Bay Area Council Economic Institute study shows the city’s business tax burden dwarfs peer cities, with a hypothetical tech firm paying triple what...
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....
Blackstone’s $315B Real Estate Machine Pivots Hard to Data Centers as Traditional Portfolio Treads Water
The world’s largest alternative asset manager is betting its real estate franchise on AI infrastructure while waiting for logistics and multifamily to rebound...
Walnut Creek Planning Commission Approves Signature Development’s 422-Unit Mitchell Drive Townhomes
Developer will demolish 11 office buildings dating to the 1970s and 1980s to deliver a two-phase townhome community with 55 affordable units and...
Citibank Opens Flagship Branch in Downtown San Francisco, Replacing Wells Fargo
Citibank has opened a flagship branch at One California Street in downtown San Francisco, consolidating two smaller branch locations and replacing a former...
BMO Launches 145-Branch Expansion Across California and Arizona in Sweeping Westward Push
Canada’s third-largest bank by market value plans to grow its California footprint by more than 50 percent over five years, redeploying capital from...
Ensemble, Rethink Land $150MM Bank of America Loan for 301-Unit Parkside Luxury Apartments in Santa Clara
The eight-story multifamily development at 2263 and 2303 Calle Del Mundo will replace two light industrial buildings on a roughly two-acre assembled site...
DivcoWest to Acquire Nearly 50% of San Francisco’s 101 California Tower for ~$450MM
Transaction valued at approximately $450 million marks city’s biggest office deal since 2021 as trophy assets outperform distressed properties DivcoWest has agreed to...
Healdsburg Investor Acquires 3,300 SQFT Elk Grove ARCO Station for $8.6MM
BP-leased convenience store and fuel facility sells below original $9.16 million asking price Single-tenant retail properties with long-term corporate leases remain attractive to...
Skanska Writes Down US Property Values by $63MM as Construction Business Thrives
Swedish construction giant posts 4.2 percent operating margin in Q3 as American operations face tougher comparisons to exceptional 2024 Skanska AB’s US construction...
KKR Posts Record Quarter as Insurance and Credit Fuel Growth Machine
The investment giant raised $43 billion in its second-largest fundraising quarter ever, driven by its insurance business and expanding credit platform KKR &...
Wharton Doubles Down on San Francisco’s Office Comeback with 80,000 SQFT Lease in Vanbarton’s 345 Montgomery
The University of Pennsylvania’s executive education program is expanding into the historic “Cube” building just as the city’s commercial real estate market shows...
