SEC
Essex Property Trust Taps Bond Market for $350MM to Refinance Maturing Debt
West Coast apartment REIT issues 11-year senior notes at nearly 5 percent as it manages upcoming debt maturities Essex Property Trust, one of...
Macerich Revamps Bay Area Mall Portfolio With Premium Retail Push
Broadway Plaza in Walnut Creek emerges as centerpiece of Northern California strategy as company pursues upscale tenant mix The Macerich Company is betting...
San Joaquin County Pension Fund Makes $200MM Bet on Property and Infrastructure
California retirement system allocates $200 million to Clarion Partners and BlackRock funds in portfolio expansion The San Joaquin County Employees’ Retirement Association has...
Healthpeak’s $169MM Write-Down in South San Francisco Signals Biotech Real Estate Reality Check
The company that helped launch the Bay Area’s lab building boom now faces the sector’s downturn, but executives see recovery ahead Denver-based Healthpeak...
Alexandria Real Estate’s Struggles Deepen with Fourth Consecutive Quarterly Loss as Life Science Downturn Continues
Quarterly loss and major asset write-downs signal ongoing challenges for pioneering life science REIT Alexandria Real Estate Equities reported its fourth consecutive quarterly...
Starbucks to Close ~130 Underperforming Stores, 28 in Greater Bay Area, in $1 Billion Restructuring
Coffee giant to shutter locations that can’t meet brand standards and cut 900 corporate roles as part of strategy to refocus on customer...
GRAIL Signs 76,000 SQFT HQ Lease at 250 S. Mathilda in Sunnyvale as Cancer Detection Firm Expands Operations
Cancer screening company GRAIL Inc. has inked an 11-year lease for new headquarters space in Sunnyvale’s Town Center development, marking a significant real...
Rithm Capital Poised to Acquire Struggling Office Giant Paramount Group in $1.6 Billion Deal
Deal valued at $1.6 billion signals renewed confidence in Manhattan and San Francisco commercial real estate A New York-based real estate investment firm...
OpenAI Eyes Major Silicon Valley Expansion as AI Boom Fuels Real Estate Demand
The ChatGPT maker is scouting up to 300,000 square feet of office space in Silicon Valley, signaling aggressive growth plans OpenAI is making...
Hudson Pacific Properties Reports Widening Losses Despite Strategic Restructuring
Real estate investment trust reports $83.1 million quarterly loss as office occupancy challenges persist Hudson Pacific Properties Inc. (HPP) reported deepening financial losses...
DR Horton & Pulte Weather Volatile Demand with Record Incentives as Affordability Crisis Reshapes Market
Major homebuilders report mixed results as industry grapples with volatile demand and rising incentives The U.S. housing market continues to face significant headwinds...
Astera Labs Opens New 154,200 SQFT San Jose HQ, Reports Strong Q1 Performance
Astera Labs’ expansion to a 154,200-square-foot San Jose headquarters has been successfully completed, marking a strategic triple-expansion of its facilities as the AI...
