December 9, 2024    By: Tim Vi Tran,
By Jenna Martin and Gary J. Boulanger – Silicon Valley Business Journal Dec 9, 2024 STORY HIGHLIGHTS West Coast cities have high middle-class salary gaps. San Jose’s median income falls short by nearly $60,000. Middle-class salaries stretch furthest in Detroit and Memphis. With America’s middle class shrinking in both population share and income growth, a recent study looked to see how […]
December 4, 2024    By: Tim Vi Tran,
By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Dec 4, 2024 STORY HIGHLIGHTS Summerwood Apartments sold for $203.15 million in Santa Clara. The sale is Silicon Valley’s priciest multifamily property in two years. Interstate Equities purchased the complex with 468 units. The transaction marks Silicon Valley’s most expensive multifamily property sale in more than two […]
December 1, 2024    By: Tim Vi Tran,
By Joanne Drilling – National Data Reporter, The Business Journals Nov 29, 2024 Restaurants are staring down a new reality in the post-pandemic world. After pivoting during the height of Covid-19, restaurateurs have been forced to navigate a labor shortage, soaring inflation and shifting consumer habits. The end result? Lower margins and, for many businesses, a battle to […]
November 28, 2024    By: Tim Vi Tran,
By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Nov 27, 2024 STORY HIGHLIGHTS Capitol Square in Fremont sold to a private investor. The $100 million project completed in spring 2021. Capitol Square is fully leased with 11 storefronts. A major Fremont retail project sold this month, leaving the hands of the developers that created it […]
November 27, 2024    By: Tim Vi Tran,
By Anthony Duignan-Cabrera – Contributor, Silicon Valley Business Journal Nov 25, 2024 STORY HIGHLIGHTS Knightscope Inc. announced a public offering to raise $12.1 million. Knightscope signed a deal with Verizon Business for secure connectivity. Knightscope expanded services with Draganfly Inc. for aerial security. Knightscope Inc., a Mountain View company that focuses on AI and self-driving tech, hopes […]
November 21, 2024    By: Tim Vi Tran,
By Hannah Kanik – Reporter, San Francisco Business Times Nov 20, 2024 Updated Nov 20, 2024 3:34pm PST A medical office building in Union City has attracted a new owner. Burlingame-based Woodstock Development sold its medical and office building at 1320 Decoto Rd. in Union City to Vintners Distributors for $14.4 million, the company announced Wednesday. The price […]
November 21, 2024    By: Tim Vi Tran,
By Ari Mahrer and Joanne Drilling – San Francisco Business Times Nov 19, 2024 Office vacancy rates are at their highest point in 45 years. Commercial real estate insiders predict a quarter of existing American office space could be vacant by early 2026. And currently, 11 major metro areas have at least $1 billion worth of empty space. In […]
November 20, 2024    By: Tim Vi Tran,
By Clare A. Fonstein – Reporter, Silicon Valley Business Journal Nov 19, 2024 STORY HIGHLIGHTS Danco Group acquired a site for $10.5 million. Plans include 128 affordable housing units on the property. Construction is set to begin in 2026, lasting two years. An Arcata construction company has acquired the site of a proposed residential development for $10.5 million with […]
November 15, 2024    By: Tim Vi Tran,
By Katie Burke CoStar News November 13, 2024 | 1:49 P.M. West Coast landlord Hudson Pacific Properties is looking to capitalize on escalating interest among office investors as it seeks to offload a Silicon Valley campus ahead of a high-profile tenant move-out. The Los Angeles-based office owner is under contract to sell the Foothill Research Center in […]