Silicon Valley
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...
Menlo Equities Pivots Entitled Sunnyvale Office Site to 49MW, 244,000 SQFT Data Center in Peery Park
Menlo Equities has abandoned a fully approved office and life science campus on its 8.9-acre Ross Drive site in Sunnyvale’s Peery Park, trading...
Downtown Mountain View Office Vacancy Tops 31 Percent as City Bets Economic Vitality Strategy Can Reverse the Slide
Mountain View’s downtown office vacancy climbed to 31.5 percent in the third year of a 10-year revitalization push, even as falling retail vacancy...
El Camino Health Files Plans for $1B+ Los Gatos Hospital Replacement, a 344,000 SQFT All-Electric Campus Driven by California’s 2030 Seismic Mandate
El Camino Health has filed plans with the Town of Los Gatos to replace its aging, seismically deficient hospital with a $1 billion-plus,...
Lennar Leans on Falling Incentives and Core Product as AI Anxiety, Affordability Squeeze Northern California Buyers
Lennar reported its first meaningful pullback in buyer incentives in three years during the second quarter, a development that lands with particular force...
Itron to Vacate 191,000 SQFT Footprint at Champion Station in San Jose, Triggering Cash Trap on $80MM CMBS Loan
A North San Jose technology campus that has carried full occupancy through a decade of securitized debt is now staring down the loss...
Microsoft Begins Construction on 48MW Data Center Campus in San Jose’s Alviso, Capping Nine-Year Hold on $73.2MM Site
Nine years after quietly assembling 65 acres along Highway 237, Microsoft has put shovels in the ground on its first purpose-built, company-owned data...
Fremont Clears Sterling Organization’s $18MM Industrial Conversion of 144,000 SQFT Former Fry’s on Osgood Road
A unanimous Fremont City Council vote has cleared the way for Sterling Organization to transform the shuttered Fry’s Electronics big box at 43800...
Cloudwick-Anchored 114,000 SQFT Newark Office Building Hits Market at $24.47MM Appraised Value
An entity affiliated with Anthony Chang has listed 39899 Balentine Drive, a three-story, 68-percent-leased Newark office building anchored by data-and-AI firm Cloudwick Technologies,...
Apple Acquires 195,000 SQFT Sunnyvale Office Building for $162.2MM
Apple’s latest South Bay office acquisition signals that the tech giant is using a soft office market to lock in long-term space at...
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...
