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 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 […]
November 6, 2024    By: Tim Vi Tran,
By the Editors of Commercial Property Executive October 30, 2024 You can also read our other Top CRE Owners rankings. Key: O=Office, I=Industrial, R=Retail, H=Health Care, Ho=Hospitality, X=Other Though we make every effort to include all major commercial real estate owners, several notable firms (among them Prologis, Blackstone and SL Green) did not participate this […]
October 13, 2024    By: Tim Vi Tran,
October 9, 2024    By: Tim Vi Tran,
Oct 7, 2024, 11:00 AM By TRD Staff Prologis has bought a 292,00-square-foot office and research park occupied by Siemens in Fremont for $71.3 million. The San Francisco-based real estate investment trust bought the four-building property at 46859, 46871, 46889 and 46897 Bayside Parkway, the San Jose Mercury News reported. The seller was undisclosed. The cash […]
September 25, 2024    By: Tim Vi Tran,
This post is summarized from CRE Daily, dated September 25, 2024 The worst is over: The Federal Reserve’s aggressive rate hikes in 2022 dried up capital, hitting office and multifamily sectors particularly hard. Offices struggled due to the shift to remote work, while multifamily faced oversupply. However, signs of easing inflation and softening labor markets […]
July 17, 2024    By: Tim Vi Tran,
By Ahavah Revis – Data Reporter, Silicon Valley Business Journal Apr 29, 2024 Updated Apr 29, 2024 10:21am PDT This week’s list of Office and R&D Leases in San Jose accounts for more than 1.6 million square feet signed in 2023. Of the 30 leases ranked, 47% were for a new lease and within the 53% of renewals, […]