What happened, and who moved.
An affiliate of San Francisco-based Roxborough Group has purchased Main Street Cupertino, the dining and retail hub sitting less than a mile from Apple’s circular headquarters, for $130 million, a price that points to climbing values for commercial property in one of Silicon Valley’s most tightly held tech…
Cannae Partners has purchased EmeryTech, a recently renovated creative office campus in Emeryville, for $55.5 million, a steep discount that lets the San Francisco-based investor step into a partially leased, move-in-ready asset far below what the building’s previous owner had spent to acquire and upgrade it.…
San Jose’s planning staff cleared an eight-story, 276-unit apartment project near Diridon Station this week, but the approval is already headed to the City Council after a neighborhood group filed an appeal arguing the building looms over adjacent single-family homes without the step-backs typically required…
Acclaim Companies will start construction on Aug. 11 on one of Palo Alto’s largest apartment communities, a seven-story, 368-unit mixed-use project that is the first to advance under the city’s new Housing Focus Area zoning. Acclaim Companies will hold a groundbreaking ceremony on Tuesday, Aug. 11, for a 368-unit…
A nonprofit arts operator is moving artists into the ground floor of a long-vacant downtown San Jose building that developer Westbank intends to demolish for an 18-story residential tower, turning a stalled development site into an interim creative hub. Local Color, an 11-year-old San Jose nonprofit, will open…
Five Point Holdings is pushing its long-dormant Candlestick redevelopment back toward construction and preparing to hunt for a marquee technology tenant, positioning the bayfront site as San Francisco’s only shot at a large corporate campus just as the city’s office market turns. Five Point Holdings told analysts…
Oakland has advanced a November ballot measure that would strip a long-standing exemption from its real estate transfer tax and turn the city’s wave of commercial foreclosures into a new source of general-fund revenue. Facing a hollowed-out downtown and a widening budget hole, Oakland is moving to profit from the…
The U.S. General Services Administration signed a 52,147-square-foot lease at 10730 International Drive in Rancho Cordova, the largest office transaction in the Sacramento region during the second quarter of 2026 and a sign that federal demand is anchoring a recovery in the market’s highest-vacancy corridor. The…
San Jose’s City Council is heading toward an Aug. 18 decision on a general plan overhaul that would legalize small multifamily housing by right across neighborhoods long reserved for single-family homes, setting up a defining test of how far the state’s largest South Bay city will go to meet its housing mandate.…
DivcoWest has completed its purchase of a 47.5 percent stake in 101 California Street, finalizing San Francisco’s largest office transaction in more than four years and converting a closely watched listing into a concrete signal that trophy capital has returned to the Financial District. The deal closed last week,…
A vacant former car dealership site on Shattuck Avenue clears its final hurdle toward 359 apartments and 38 income-restricted units. Berkeley’s Zoning Adjustments Board needed three votes over one meeting to approve a 359-unit development on South Shattuck Avenue, ultimately clearing the project only after denying…
The Marin County Board of Supervisors has authorized up to $41 million in bonds for Eden Housing’s 115-unit affordable component of Oak Hill Apartments, advancing a 250-unit master plan that would replace the former San Quentin prison firing range with housing for the county’s lowest earners, teachers and public…
Global flexible-workspace operator Mindspace has committed to 54,000 square feet at the Transamerica complex, nearly tripling its San Francisco footprint and betting on a downtown office market that is recovering faster than any other in the nation. Mindspace has signed a 54,000-square-foot lease at Two…
A 40-year-old Fresno apartment community just changed hands for the first time — and it’s part of a much bigger Central Valley portfolio unwind. A 248-unit Fresno apartment community that had never changed hands since it was built four decades ago has sold for $44 million, adding to a wave of long-held Central…
Healthcare artificial intelligence company Hippocratic AI has committed to 30,857 square feet at Kilroy Realty’s 4300 Bohannon Drive in Menlo Park, one of a pair of leases Colliers said pushed AI-fueled demand into the Peninsula’s 101 Corridor. Hippocratic AI signed a direct lease for 30,857 square feet at 4300…
Seavest Healthcare Properties, a national medical-office investor, paid $25.3 million for the 64,080-square-foot office building at 80 Iron Point Circle in Folsom, a single transaction that accounted for more than half of the Sacramento region’s office sales volume during an otherwise moribund second quarter.…
Homebuilder Discovery Homes takes 19,528 square feet of sublease space at 5060 Forni Dr as Concord industrial vacancy hits a cycle high. The post Discovery Homes Subleases 20,000 SQFT of Industrial Space at 5060 Forni Dr in Concord appeared first on The Registry Northern California Real Estate .
Generative artificial intelligence company Luma AI has picked up 25,450 square feet of sublease space from ad-tech firm Moloco at 601 Marshall Street in Downtown Redwood City, adding to a run of AI leases that defined the Peninsula’s second quarter. Luma AI subleased 25,450 square feet from Moloco at 601 Marshall…
San Francisco’s largest-ever budget quietly wagers its balance on a commercial property recovery that is gathering speed but remains far from complete, tying City Hall’s fiscal fate to deal flow, downtown office demand and a business-tax overhaul now phasing in. The San Francisco Board of Supervisors on July 21…
San Jose says six weeks of World Cup soccer drew one million visitors to its downtown and pushed hotel revenue per available room up 42.3 percent year-over-year, handing the city fresh evidence for its long-running wager on a downtown sports-and-entertainment district. The city measured the payoff Friday, tallying…
A new statewide survey shows commanding, cross-partisan support for a November ballot measure that would impose hard deadlines on California’s landmark environmental review law, a shift that would reshape the entitlement calculus for housing and infrastructure developers across the state. Proposition 45, the most…
Developer Mecah Ventures is pushing ahead with Parallel on Claremont, a 38,812-square-foot speculative office project in Downtown San Mateo that accounts for more than half of the entire office construction pipeline on the San Francisco Peninsula. Mecah Ventures is developing Parallel on Claremont, a…
Amazon’s commitment to fully occupy one of the three towers securing Jay Paul Company’s $770 million Moffett Towers mortgage removes the single largest cloud hanging over a loan that Morningstar DBRS had flagged for mounting vacancy risk after Google walked away. Amazon has leased an entire 317,000-square-foot…
Eight years after an earthquake and a first failed entitlement, Napa’s historic post office finally has a green light to become a hotel. Nearly a decade after an earthquake shuttered one of downtown Napa’s most recognizable buildings, the city has cleared the way for its owner to turn the vacant Art Deco post…
Artificial intelligence coding platform Replit has taken over 52,642 square feet of Exabeam’s Foster City space, adding to a headquarters footprint it expanded just months earlier and delivering the San Francisco Peninsula its single largest office lease of the second quarter. Replit, the AI-powered software…
The Contra Costa County Employees’ Retirement Association has committed to deploying $375 million into real estate across 2026 and 2027, front-loading the spend this year as consultant StepStone floats co-investments and a dedicated core equity strategy to sharpen returns and cut fees. The Concord-based pension…
CapRock Partners has fully leased the first building at its Central Point III development in Visalia to an unnamed global corporate occupier, a 1.27-million-square-foot commitment that ranks among the largest industrial deals struck in California’s Central Valley in years and that local officials have publicly tied…
ArtHaus Partners and Integrity Housing have closed on the $76.1 million purchase of a 368-unit South Natomas apartment community and will convert roughly three-quarters of its units to workforce housing, financed through the Sacramento Housing and Redevelopment Agency’s first-ever 501(c)(3) bond issuance. Bay…
Marcus & Millichap Brokers Sale of Multifamily Property in San Mateo, California SAN MATEO, Calif., July 21, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2001 Parrott…
Home-robotics startup Matic Robotics has leased 34,350 square feet at 1020 Marsh Road in Menlo Park, a deal Colliers cited as evidence that surging AI demand is spilling out of the Peninsula’s core and into its secondary office corridors. Matic Robotics signed a direct lease for 34,350 square feet at 1020 Marsh…
A Sunnyvale R&D building fully leased to German engineering giant Bosch has traded hands for $46 million, the latest sign that investors are circling the blocks surrounding Applied Materials’ multibillion-dollar semiconductor research buildout. An affiliate of SFF Realty Partners purchased a 104,000-square-foot…
Preservation Equity Fund Advisors has purchased Quail Run Apartments, a 104-unit income-restricted community in San Leandro, and plans a capital campaign to modernize the aging property while locking in its affordability for the long term. Preservation Equity Fund Advisors, LLC (PEF Advisors) has acquired Quail Run…
State housing regulators hauled Half Moon Bay and Turlock into court over years-overdue housing plans, the Northern California front of a five-city enforcement campaign that puts local zoning power and mounting monthly fines at risk. California pushed its housing enforcement campaign into the Bay Area and Central…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
Robotics developer Sunday AI has committed to 51,550 square feet at 305 Walnut Street in Downtown Redwood City, a direct lease that injects fresh demand into one of the Peninsula’s most vacant submarkets. Sunday AI signed a direct deal for 51,550 square feet at 305 Walnut Street, a Menlo Equities-owned building in…
Brex takes all 200,000 SQFT at 270 Brannan St in a nearly 10-year San Francisco lease, reversing its earlier remote-first retreat. The post Brex Leases Entire 200,000 SQFT Building at 270 Brannan St in San Francisco appeared first on The Registry Northern California Real Estate .
First-Citizens Bank has started foreclosure proceedings against two prime Union Square retail buildings after their owner failed to repay a matured $40 million loan, with the lender now claiming more than $40.1 million due on collateral that sits at the doorstep of San Francisco’s marquee shopping district. A…
The Tenderloin Neighborhood Development Corporation has resubmitted preliminary permits for its 199-unit affordable senior housing development at 1234 Great Highway in San Francisco’s Outer Sunset, but the roughly $181 million project remains stalled as the developer waits to see whether a statewide bond measure…
Hacienda, Northern California’s largest mixed-use development, continued to strengthen its market position during the second quarter of 2026, supported by improving occupancy, positive net absorption, and continued leasing activity across a broad range of tenant sizes. Building on the momentum established earlier…
A reversal from Google’s 2023 sublease push, the renewal lands as Silicon Valley vacancy hits a Bay Area low and Amazon, OpenAI and General Motors move into space tech tenants once abandoned Google is putting its money back into the same Sunnyvale office campuses it was trying to shed just two years ago, renewing…
A 1031 exchange buyer has closed on Aimco’s fully redeveloped 110-unit 707 Leahy apartment community in Redwood City for $73.9 million, converting one of the Peninsula’s most contested listings into a completed disposition as the NYSE-listed REIT winds down its national portfolio. Apartment Investment and…
A fresh appraisal has slashed the value of CIM Group’s 1 Kaiser Plaza in downtown Oakland to $53.5 million, roughly a quarter of its 2016 issuance value, after anchor tenant Kaiser Permanente pared back its footprint and drove the building’s cash flow to breakeven. One of downtown Oakland’s signature office towers…
The development team behind Berkeley’s Ashby BART Station project has released its first design images, showing five buildings and roughly 600 apartments rising from a surface parking lot that transit and city officials have spent years trying to convert into housing. Adeline Alliance Partners this week unveiled…
A San Francisco Superior Court judge has placed the historic Central Tower into receivership after owner CIM Group defaulted on a $98 million loan, and lenders are now advancing toward a foreclosure that could strip the Los Angeles investor of the two-building property by the end of the year. One of San Francisco’s…
The lease extends a pattern Apple has repeated across its recent Sunnyvale buying spree — occupy first, then acquire — as the South Bay office market posts its third straight quarter of improving vacancy The post Apple Leases 125,800 SQFT Sunnyvale Office Building from Peery Arrillaga appeared first on The Registry…
Prologis singled out the San Francisco Bay Area as the clearest early sign of a broader shift back toward coastal industrial markets, ranking the region among its strongest performers and committing fresh development capital as demand firms. Prologis, Inc., the world’s largest owner of logistics real estate, told…
Facing a $30 million hole that has kept one of the Embarcadero’s marquee waterfront projects frozen for the better part of a decade, the Port of San Francisco has agreed to rewrite developer TZK Broadway’s ground lease and layer on public subsidies to drive the Teatro ZinZanni hotel and dinner-theater toward a…
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of bank failures have swung back to a posture Newmark’s Ramsey Daya describes as a fist fight for good deals. Speaking at The Registry’s annual San Francisco Mid-Year Broker Forum in…
The Swig Company has refinanced its historic Mills Building in San Francisco’s Financial District with a $96 million loan from Invesco Real Estate, a vote of confidence in a downtown office market that is finally clawing back demand after years of contraction. The San Francisco-based operator completed the…
A metal-finishing operator has planted a direct-lease flag in one of the few East Bay industrial submarkets still posting positive momentum this year. Electro Coatings, an industrial metal-finishing and coatings firm, has committed to 17,500 square feet at 661 Garcia Ave in Pittsburg, California, in a direct lease…
Travelers Insurance has committed to 46,219 square feet at 1390 Willow Pass Road in Concord, the single largest office lease signed anywhere in the North I-680 Corridor during the second quarter. The direct lease, struck at a moment when the East Bay’s suburban office market is showing its first real signs of life…
Mountain View captured the largest affordable housing grant in its history, a $50 million state award that will bankroll a 268-unit complex on a former safe-parking lot while financing new Caltrain cars and a protected bike corridor along Middlefield Road. The California Department of Housing and Community…
Wells Fargo has committed to 15,608 square feet at 2033 N Main St in Downtown Walnut Creek, folding operations into a single office footprint as the corridor logs its first occupancy gains in more than two years. The banking giant’s consolidation lands in the North I-680 Corridor’s marquee submarket at a moment…
The Napa and Solano Counties office market clawed back occupancy in the second quarter of 2026, but landlords paid for the gains by cutting asking rents to their lowest level in years. Office vacancy across the two-county market fell to 12.7 percent in the second quarter, down 150 basis points from the prior…
The life science industry has climbed out of one of the most complicated stretches in its history, and while the underlying business is healthier than it has been in years, the region’s glut of high-quality but unbuilt lab space remains stubbornly locked up. The life science sector has weathered “one of its most…
City approval clears a low-friction path to new AI infrastructure — no rezoning, no new footprint, just a rewiring of space Nvidia already occupies San Jose has cleared the way for a Silicon Valley research building already leased by Nvidia to become a full-fledged data center, the latest sign that the AI boom is…
The Wine Group, one of the world’s largest wine producers, has signed a 20,852-square-foot office lease at Hacienda Terrace in Pleasanton, a deal that adds to a run of leasing momentum reshaping the Tri-Valley’s largest business park after two years of contraction. The Livermore-based vintner leased the space from…
Amazon has committed to the full 317,000-square-foot tower at 1000 Enterprise Way in Jay Paul Co.’s Moffett Towers campus, absorbing space Google spent more than two years trying to shed and deepening the e-commerce giant’s standing as one of Silicon Valley’s largest office occupiers. Amazon.com has leased the…
San Jose city staff have signed off on a mixed-use project that pairs new housing with a permanent performance home for the city’s taiko drumming company, extending a residential builder’s now decade-long bet on one of the country’s last three historic Japantowns. City officials approved the project at 653 North…
San Francisco’s apartment market has moved from bottom to boom in two years, with citywide rents rising 15 percent and institutional buyers now dominating a sector that mom-and-pop owners controlled as recently as 2024. San Francisco’s multifamily market has staged a recovery emphatic enough that its lead broker…