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CommercialFinanceINDUSTRY news

Charles Schwab Leases 115,000 SQFT Across Four Floors at San Francisco’s 425 Market Street

The financial services giant’s phased relocation to the 38-story tower — enabled by Morrison Foerster’s departure for 101 California — underscores Schwab’s continued...

San Francisco city hall dome
AECFeaturedINDUSTRY newsResidential

San Francisco’s BUILD Act Slashes Transfer Tax on Large Real Estate Deals to Unlock Tens of Thousands of Stalled Housing Units

Mayor Lurie and Supervisor Mahmood introduce revenue-neutral legislative package aimed at rolling back Proposition I’s doubled rates, reducing per-unit construction costs by $32,850,...

San Francisco skyline
CommercialFinanceINDUSTRY news

386,000 SQFT Trophy Office Tower at 55 Second Street Hits the Market in San Francisco After Paramount Group Default

The LEED Platinum, 2002-vintage tower offers nearly 300,000 square feet of contiguous vacancy and prominent building signage in the heart of the Second...

Building with a clear sky outline
CommercialFeaturedFinanceINDUSTRY news

Hudson Pacific Posts $278MM Quarterly Loss as Bay Area Portfolio Occupancy Holds at 70.6 Percent Amid Looming Lease Roll

REIT extends streak of quarterly losses with $572MM full-year deficit while 22-property Northern California platform faces significant Google, Salesforce expirations in 2027-2028 Hudson...

nathan-barteau-Xj2w1ivZK3I-unsplash-san francisco
CommercialFinanceINDUSTRY news

Industrious Doubles Down on San Francisco With 14,000 SQFT Executive Suites Push as Financial District Tightens

Coworking operator targets premium users with private-office concept as downtown vacancy edges lower and AI-sector demand accelerates Industrious is betting that San Francisco’s...

Aerial view of downtown Mountain View in California
CommercialFinanceINDUSTRY news

OpenAI Signs 10-Year Lease for 439,000 SQFT Mountain View Campus

The ChatGPT maker secures former Symantec headquarters with right of first refusal to purchase, deepening its commitment to the South Bay office market...

oakland and the surrounding neighborhoods
FeaturedINDUSTRY newsResidential

Economist Warns East Bay Is Squandering a ‘Golden Opportunity’ as Region Stalls on Housing and Growth

Dr. Chris Thornberg of Beacon Economics says the East Bay’s wealth and natural assets are being held back by regulatory paralysis and misplaced...

Silicon Valley
AECINDUSTRY newsResidential

Tidewater Capital Wins Approval to Replace Sunnyvale Tech Campus with 370-Unit Housing Development

The $65 million office-to-residential conversion joins a growing wave of Bay Area projects as developers pivot from financially unviable workspaces to housing amid...

Transamerica building in San Francisco
CommercialFeaturedFinanceINDUSTRY news

Who Is Yoda PLC? Inside the Cyprus Conglomerate Set to Acquire San Francisco’s Transamerica Pyramid

Founded just six years ago and controlled by the so-called “office king” of Romania, Yoda PLC has quietly amassed a $3.3 billion empire...

Robot reaching out to touch a human hand
FeaturedINDUSTRY news

AI’s Toll on Customer Service Signals Broader Workforce Reckoning as Tech Spending Reshapes Markets

New survey data shows customer support hiring has cratered by nearly two-thirds in two years, even as historical patterns suggest AI will ultimately...

Transamerica Pyramid in San Francisco
CommercialFinanceINDUSTRY news

Yoda Plc Reaches Deal to Acquire San Francisco’s Iconic 500,000 SQFT Transamerica Pyramid from SHVO-Led Investor Group

Cyprus-based investment conglomerate strikes deal for the landmark 48-story skyscraper after months of tensions between developer Michael Shvo and German pension fund Bayerische...

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FinanceIndustrialINDUSTRY news

Amazon Signs Conditional Lease at Prologis’ 266,000 SQFT Warehouse in San Leandro

The e-commerce giant’s lease at the first LEED platinum industrial building in Northern California is contingent on obtaining a city business license Amazon.com...

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