Palo Alto
Harvest Properties Buys 485,000 SQFT Palo Alto Office Campus for $163MM, 44% Below 2019 Price
Pasadena REIT’s exit from aging Greater Stanford campus underscores the depth of the Bay Area’s office repricing An affiliate of San Francisco-based Harvest...
Minority Television Project Plans Six-Story, 24-Unit Residential Building in Downtown Palo Alto
The owner of public television station KMTP is seeking to replace a nearly 90-year-old commercial building in downtown Palo Alto with a six-story,...
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
GM Lands Nearly 340,000 SQFT Palo Alto Campus at Stanford Research Park, Picking Broadcom Site Over Sunnyvale
General Motors has signed a lease for nearly 340,000 square feet at the former Broadcom campus in Palo Alto’s Stanford Research Park, ending...
16-Unit 225 Catalpa Apartments in San Mateo Trades to Tech Sector Investor for $7.75MM
A 16-unit apartment community blocks from Downtown San Mateo has traded for $7.75 million, with a technology sector buyer deploying capital into what...
Allbirds Reborn as AI Infrastructure Firm Smartbird, Plots Move From San Francisco to Silicon Valley
Allbirds has rebranded as AI infrastructure provider Smartbird, Inc., and its new chief executive plans to move the company out of its San...
Palo Alto Advances 750,000 SQFT Office Push at CTI Subarea to Bankroll 4,000 Homes Near San Antonio Road
Palo Alto leaders moved a contested redevelopment blueprint forward, betting that a dense office complex near U.S. Highway 101 can underwrite thousands of...
AI Capital Pulls Silicon Valley Office Market Off the Floor as Nvidia, Apple Spend Billions and Vacancy Drops to 15.3%
A surge of artificial-intelligence venture capital is reviving Silicon Valley’s battered office market, with Nvidia and Apple spending billions on acquisitions and South...
South Bay Wages Hit $198,798 as Apartment Demand Surges and Housing Shortage Squeezes Santa Clara County
Santa Clara County’s economy is expanding even as its job market contracts, a divergence that is keeping wages high, apartment demand red-hot and...
Pacific Urban Investors Acquires 76-Unit Saratoga Gardens in San Jose for $28.85MM
Palo Alto-based Pacific Urban Investors has expanded its Silicon Valley holdings with the $28.85 million purchase of Saratoga Gardens, a 76-unit West San...
Acclaim Companies Wins Unanimous ARB Recommendation for 228-Unit Builder’s Remedy Project at 762 San Antonio Road in Palo Alto
Palo Alto’s Architecture Review Board voted unanimously to recommend approval of The Acclaim Companies’ eight-story apartment development, which returned to the board roughly...
Palo Alto Converts Former Downtown Gym Building Into Bryant Street Community Center
The city repurposes its 2004-built downtown property at 429 Bryant St. into a teen center and permanent home for La Comida’s senior nutrition...
