California
CEQA Overhaul Measure Lands 73% Support in New PPIC Poll, Handing California Developers an Early Tailwind
A new statewide survey shows commanding, cross-partisan support for a November ballot measure that would impose hard deadlines on California’s landmark environmental review...
California Unemployment Rate Falls to 5.2% in June, Lowest Since May 2024
California’s jobless rate ground down to its lowest level in more than a year even as employers trimmed payrolls for a second straight...
West Marine to Shutter Five California Stores in Chapter 11 Restructuring, Cutting Home-State Footprint to 12
West Marine, the boating-supply retailer born in California nearly six decades ago, will close five of its 17 stores in the state as...
KB Home’s California-Led West Coast Bucks the Slump on Orders as Prices Retreat
KB Home’s West Coast region, anchored by its core California markets, was the lone bright spot for new orders in a difficult second...
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,...
California Owns the West Coast’s Highest Median Income but Slips to 13th Nationally as Costs Bite
California boasts the highest median income on the West Coast, yet a thin lower-earning tier and punishing living costs dropped it to 13th...
CIM Group Lands $63MM Refinancing on Oceanfront Monterey Beach Hotel
The whole loan recapitalizes a 192-room Central Coast resort as CIM doubles down on a hospitality lending strategy launched in 2023. CIM Group...
Sana’a Cafe Backfills Starbucks Boxes, Lines Up Nationwide Franchise Push by Late 2026
The Hayward-based Yemeni coffee chain has secured more than 30 leases across two states and is courting franchisees in four others, betting that...
Bay Area Transit Tax Measure Clinches November Ballot Spot, Setting Up $980MM Funding Fight
Connect Bay Area submitted more than 305,000 signatures for SB 63’s five-county sales tax, but business and taxpayer groups are already mobilizing against...
California Added 28,700 Jobs in March as Unemployment Eased to 5.3%
State posted strongest start to a calendar year since 2022 as health services led gains while professional and business services pulled back, according...
JLL Forecasts Bay Area Rent Surge and Robotics Boom as VC Investment Captures 79% of US Total
JLL research director Alexander Quinn told East Bay leaders that an AI-fueled investment wave is driving record rents, a manufacturing revival and a...
East Bay Developers Bet on Housing Surge as Office Towers Fall and Oakland Rents Poised to Climb 20%
At East Bay EDA’s annual economic outlook, the heads of Sunset Development and ArtHaus Partners detailed a market pivoting hard from offices to...
