Marcus & Millichap
Owner-Users Drive More Than Half of San Jose Office Sales Volume as Dollar Volume Jumps 150%
Companies buying buildings for their own use accounted for more than half of San Jose office transaction volume in the 12 months through...
Downtown San Jose Office Vacancy Holds Above 27% as Silicon Valley’s Core Submarkets Tighten
While Mountain View-Los Altos, Santa Clara and Sunnyvale-Cupertino each cut office vacancy by more than 200 basis points over the past year, Downtown...
Campbell-Los Gatos Office Vacancy Nears 25% as Santana Row-Area Sale Tests West Valley Demand
Office vacancy in the Campbell-Los Gatos submarket hovered near 25 percent as of June, Marcus & Millichap reports, a tough backdrop for the...
Kaiser Permanente’s 187,000 SQFT Comprehensive Care Center Breaks Ground in Folsom
Kaiser Permanente has broken ground on a 187,000-square-foot comprehensive care center at its Folsom medical campus. The investment, in the hundreds of millions...
Milpitas Office Vacancy Tops 20% Even as AI Hardware Firms Hunt for Power-Ready R&D Space
Office vacancy in Milpitas edged above 20 percent over the past year despite the city's relatively small inventory, Marcus & Millichap reports, a...
Oberndorf Real Estate Management, The Bascom Group Acquire 117-Unit Museum Park Apartments in San Jose for $53.1MM
Oberndorf Real Estate Management is making its first California investment in more than a decade, partnering with The Bascom Group to buy Museum...
AI Data Center Conversion Floated for 350,000 SQFT Former Bloomingdale’s at Shuttered San Francisco Centre
San Francisco building officials received an AI data center permit inquiry for the vacant Bloomingdale’s at 845 Market St. months before the city...
View at Marin, a 254-Unit San Rafael Apartment Community, Sells in IPA-Brokered Deal
Institutional Property Advisors' Northern California team has closed the sale of View at Marin, a 254-unit garden community built in 1972 in north...
San Jose Adds 15,000 Jobs in 2026, but Only About 1,000 Fill Office Desks
The San Jose metro is forecast to grow employment 1.3 percent this year, yet Marcus & Millichap expects office-using sectors to contribute only...
Nordstrom Rack Returns to San Francisco With 51,000 SQFT Union Square Store at 2 Stockton Street
Three years after Nordstrom pulled both of its downtown San Francisco stores, the retailer is bringing its off-price Nordstrom Rack brand back to...
Palo Alto Class B Office Trades Top $500 Per SQFT Even as Submarket Vacancy Barely Moves
Palo Alto's office vacancy improved just 10 basis points over the past year, trailing neighboring submarkets, yet institutional buyers frequently paid more than...
San Jose Taps Episcopal Community Services to Convert $22.9MM Arena Hotel Shelter Into Permanent Housing
San Jose is moving to hand the Arena Hotel, the 90-room interim shelter it bought with state Homekey and Measure E money in...
