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News
SF office market continues recovery with another AI-powered lease in South Beach
4+ day, 23+ hour ago (324+ words) Vacancy in Mission Bay area the lowest in the city: CBRE Another artificial intelligence-backed tenant is adding to the great AI lease-up of San Francisco. Fintech firm Brex signed a full-building, 200,000-square-foot lease for 270 Brannan Street, the San Francisco Chronicle…...
Shorenstein pays $1K psf premium for Redwood City offices
5+ day, 2+ hour ago (456+ words) Shorenstein is betting on Bay Area office recovery, plunking down a pretty penny for an office building in Redwood City. The San Francisco-based real estate firm acquired the six-story, 76,700-square-foot building at 550 Allerton Street for $78 million, or $1,018 per square foot,…...
Clarion Partners offloads Sunnyvale offices to SFF Realty for $46M
5+ day, 23+ hour ago (211+ words) Silicon Valley city sees heightened investor interest, shows promise as new tech locus in region Another Sunnyvale office building has traded hands as more investors look to get a piece of the pie in Silicon Valley with an influx of…...
Big Tech, big offices: Google supersizes Miami presence on heels of Larry Page, Sergey Brin’s resi spree
1+ week, 3+ hour ago (409+ words) Tech giant quadrupled its lease after a decade in the city Google’s parent company, Alphabet, supersized its office space in Miami, adding fuel to market boosters’ assertion that tech firms are serious about the Magic City and aren’t merely establishing…...
Harvest Properties buys 25-acre R&D campus in Palo Alto, weighs housing redevelopment
1+ week, 23+ hour ago (192+ words) Alexandria inked $163M for the sale — 44% less than what it paid in 2019 Harvest Properties spent nine figures on a Palo Alto research and development campus with hopes of turning some of that space into housing. The San Francisco-based firm acquired a…...
Chicago buyer picks up Fremont industrial site for $70M
6+ mon, 1+ week ago (298+ words) Prologis offloads 26-acre property in one of larger regional deals An industrial site in Fremont has traded hands in one of the city’s larger recent infill sales in the sector. The 26-acre industrial property at 41777 Boyce Road in Fremont sold…...
Former Yelp Offices in San Francisco For Sale
1+ week, 1+ day ago (566+ words) The former Financial District home of Yelp’s headquarters is available for purchase. A receiver appointed by the San Francisco County Superior Court is shopping the roughly 145,200-square-foot tower at 55 Hawthorne Street, the San Francisco Business Times reported. The unnamed receiver,…...
Prologis extends San Jose streak with $12M building buy
1+ week, 4+ day ago (458+ words) Prologis is making another play in San Jose as it grows its Silicon Valley holdings in the face of the artificial intelligence boom. The San Francisco-based logistics real estate firm acquired a tech and research building at 2304 Zanker Road in…...
San Jose’s deal for Urban Catalyst building faces pushback over resi goals
1+ week, 5+ day ago (275+ words) Urban Catalyst proposes 276 units in eight-story structure at separate site in exchange for sale A downtown San Jose apartment project tied to the city’s planned purchase of a historic building has hit a snag after neighborhood opposition prompted another delay…...
MidPen floats 110-unit affordable housing project on former Wells Fargo site in Sunnyvale
1+ week, 5+ day ago (147+ words) Multifamily investment, development trickling into city as AI boom increases housing demand Developer interest in downtown Sunnyvale continues with another multifamily project proposal as more tech and artificial intelligence workers flock to the Silicon Valley city. Foster City-based nonprofit MidPen…...