OpenAI
29 Tenants Seeking 100,000 SQFT or More as Silicon Valley Office Demand Reaches 8.6MM SQFT Amid AI-Fueled Recovery
Large-block requirements and a six-quarter vacancy decline are reshaping competitive dynamics across the region's office market, with AI and technology firms accounting for...
Everpure Expands and Extends Global Headquarters to 450,000 SQFT at Irvine Company’s Santa Clara Square Through 2040
The newly rebranded data storage and management company deepens its Silicon Valley commitment with a long-term lease extension and headquarters expansion as the...
Databricks Leases Entire 180,000 SQFT Altair Building from PGIM Real Estate in Sunnyvale, Pushing Silicon Valley Footprint Past 635,000 SQFT
The AI platform provider's latest deal at 100 Altair Way was among the largest office transactions in Silicon Valley during the first quarter...
StartupHQ Acquires Historic 100,000 SQFT Sharon Building at 55 New Montgomery in San Francisco for $20MM
The sale at roughly $200 per square foot marks a 69 percent decline from the $64.25 million Swift Real Estate Partners paid in...
San Francisco Tenant Office Demand Holds Above 2019 Peak at 7.5MM SQFT as AI Expansion Reshapes the Market
Active requirements remain elevated even after a record quarter of deal-making that saw nine leases exceed 100,000 square feet, with artificial intelligence companies...
Madison Capital & PGIM Close $95MM Acquisition of 360,000 SQFT 123 Mission in San Francisco, Completing Turnaround of Former Juul Tower
The deal prices the 29-story South Financial District office tower at roughly $264 per square foot — a 76 percent discount from Juul...
Madison Capital Closes $265MM Acquisition of 594,000 SQFT Office Tower at 45 Fremont in San Francisco’s Financial District
New York-based investor finalizes purchase of the 34-story skyscraper near Salesforce Tower at approximately $446 per square foot, completing a debt acquisition strategy...
Meridian Group & Fenway Capital Close $200MM Acquisition of 667,000 SQFT Office Tower at 415 Natoma in San Francisco’s SoMa
The deal, priced at roughly $300 per square foot, caps a debt-to-deed transfer for one of the city's newest and most vacant office...
BridgeBio Pharma Subleases 95,000 SQFT at Icona Labs in San Francisco’s Mission Bay
Palo Alto-based genetic disease drugmaker expands footprint at former Dropbox headquarters as AI and biotech tenants fuel record-high net absorption across San Francisco...
Harvey AI Doubles San Francisco Headquarters to 150,000 SQFT With Two Additional Floors at Kilroy’s 201 Third Street
The legal AI startup has expanded to roughly 150,000 square feet at Kilroy Realty's 201 Third Street, doubling its footprint in a matter...
GoDaddy Renews 40,000 SQFT Lease at The Quad at Tasman in Santa Clara, Boosting South Bay Development’s Post-SVB Repositioning Play
The domain registrar and web services giant's lease renewal at 3032 Bunker Hill Lane validates the Los Gatos-based investor's discounted acquisition of the...
Cruise Renews 59,000 SQFT Sunnyvale Office Lease as GM Plots Major Bay Area Consolidation
The former robotaxi subsidiary's lease renewal at SteelWave's 840 W California Avenue comes as General Motors prepares to consolidate roughly 1 million square...
