Palo Alto
A First for Uber, Expansion into Peninsula via $68M Lease
Uber Technologies Inc. expanded into Palo Alto, CA with a 140,000-square-foot lease at Stanford Research Park, valued at $68 million.… Read more
5 OC Cities Among Top 20 Wealthiest
Five Orange County cities were ranked among the 20 wealthiest large cities in the nation by NerdWallet, which studied 475… Read more
Pfizer Strikes $5.2B Agreement with Anacor
Less than a month after pharmaceutical company Pfizer backed away from plans to acquire Allergan plc, it struck a $5.2… Read more
C&W Completes Allstate Building Acquisition
A private Newport Beach investor acquired a nearly 72,000-square-foot office building in Diamond Bar, CA from a partnership of Palo… Read more
Stealthy Startup Consumes Palo Alto’s Office Space
Attend Connect San Francisco on May 12 at The Hibernia Bank to learn more about the Bay Area’s CRE market. … Read more
Hines Closes 210K SF Deal at San Mateo Office Project
For more on what’s going on in the Bay Area market, attend Connect San Francisco on May 12 at the… Read more
Deutsche and IBM Seek FinTech in Silicon Valley Innovation Lab
By: Daniella Soloway Germany-based Deutsche Bank has partnered with IBM to introduce its newest innovation lab in Palo Alto, California.… Read more
67K SF Pearl East Soon to Break Ground
Construction will launch shortly on Pearl East, a 67,000-square-foot creative office building in Portland, OR. The six-story building will sit… Read more
Multifamily Sales Team Leaves C&W for ARA Newmark
A team of nine multifamily sales brokers joined ARA Newmark’s Bay Area brokerage ranks from Cushman & Wakefield. The additions… Read more
Equity Residential Sells Palo Alto MF for $412.5M
Woodland Park Communities, an affiliate of Menlo Park-based Sand Hill Property Company, has acquired Woodland Park Apartments in East Palo… Read more
Tishman Speyer Buys CNN Building for $127M
New York-based Tishman Speyer has acquired the CNN Building in Hollywood for more than $127-million, which is about $160 above the… Read more
Top 10 Most Expensive Office Streets
In looking at the office market by location, industry, and competition, JLL has ranked the top 10 most expensive streets… Read more
Hewlett-Packard Layoffs Could Mean 33,000 Job Cuts
Up to 33,000 employees could lose their jobs as a result of proposed Hewlett-Packard layoffs. The layoffs represent more than… Read more
Oracle Founder Snags Luxury Epiphany Hotel in Palo Alto
Oracle Corp. founder Larry Ellison’s investment firm has bought the upscale Epiphany Hotel in downtown Palo Alto for $71.6 million.… Read more
Blox Ventures, Law & Assoc. Make Palo Alto Splash
A joint venture between Blox Ventures and Law & Associates has purchased an office building in Downtown Palo Alto for… Read more
California Commercial Real Estate Pushes Ahead
The latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey was released last week, reporting that the industry is doing… Read more
Cornish & Carey CEO Dies
Scott T. Carey, former chief executive officer of Cornish & Carey, passed away this week at the age of 82.… Read more
Palo Alto Getting Serious Luxury Hotel
It looks like Palo Alto will get a hotel where visitors will have to dish out $900 per night for… Read more