South Bay
Family Office Sells Land Under 575-Unit West San Jose Project for $22.3MM Ahead of Groundbreaking
Six weeks after San Jose cleared the corner of Stevens Creek Boulevard and Saratoga Avenue for 575 apartments, the land itself sold for...
Turnbull Equity Sells 10,000 SQFT Morgan Hill Self-Storage Facility for $2.68MM After 74.2% Gross IRR
Turnbull Equity's 21-month hold on a small Morgan Hill self-storage property returned a 74.2 percent gross internal rate of return, an outcome the...
Bell Partners Buys 250-Unit San Jose Apartment Complex for $140MM at $560K Per Unit
An East Coast apartment investor has paid a per-unit price well above the South Bay’s recent average to land a downtown San Jose...
Fabrinet Subsidiary Buys 225,000 SQFT Santa Clara Office Campus for $76.9MM
An optical components manufacturer has tripled its available footprint in Santa Clara, buying a three-building office campus at a price that lands well...
Apple Leases 125,800 SQFT Sunnyvale Office Building from Peery Arrillaga
The lease extends a pattern Apple has repeated across its recent Sunnyvale buying spree — occupy first, then acquire — as the South...
Bay Area Regional Shopping Center Occupancy Hits 93.86%, a 4-Year High as Large-Format Retailers Return
Occupancy across the Bay Area’s flagship power centers reached its strongest level since early 2022 during the second quarter, propelled by East Bay...
Santa Clara University Plans 227-Unit, 474-Bed Graduate and Workforce Housing Project in San Jose
Santa Clara University is seeking to redevelop a Campbell Avenue warehouse into a housing project, positioning the university to reduce commute-driven vehicle trips...
Holland Partners Wins Final Approval for 575-Unit, Two-Building Apartment Project in San Jose
The City of San Jose has granted approval for the construction of 575 apartments in two eight-story buildings at the corner of Stevens...
Stay Cal Hospitality Opens 51-Room voco Ardez Hotel in Sunnyvale, Silicon Valley’s First voco by IHG
Bay Area operator Stay Cal Hospitality has opened a 51-room, LEED Gold hotel at 1101 Elko Drive in Sunnyvale, planting IHG’s premium voco...
Muon Space Opens 130,000 SQFT San Jose Manufacturing Hub at 5970 Optical Court
Muon Space, a Mountain View-based satellite developer that has built and launched eight spacecraft in five years, opened a 130,000-square-foot manufacturing facility in...
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,...
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...
