San Francisco
Nvidia Acquires Silicon Valley Headquarters for $374M
Chipmaker Nvidia, now valued at $2.3 trillion, has acquired the majority of its Santa Clara headquarters for $374 million. The… Read more
Special Servicing Rate for CMBS Tops 8% for First Time Since 2021
The Trepp CMBS Special Servicing Rate rose 80 basis points in April to reach 8.11%. This marks the largest monthly… Read more
Avatar Financial Group Hires Richard Caldwell as Director
Seattle-based Avatar Financial Group, a national bridge lender for commercial real estate, has hired Richard Caldwell as Director of Originations.… Read more
Balfour Beatty Reaches Milestone on Caltrain Electrification
Balfour Beatty has achieved substantial completion on the Caltrain Electrification project, reportedly the first undertaking in North America to transition diesel… Read more
Stockbridge Pays $142M for Ontario Warehouse Portfolio
Stockbridge has acquired a core industrial portfolio totaling 540,478 square feet in Ontario, within the Inland Empire West industrial submarket.… Read more
The RO Set to Break Ground in Houston
It’s been seven years in the making, but Transwestern will begin construction next month on The RO (pronounced row), a… Read more
Retailing Veteran Greg Sullivan Joins BH Properties as Managing Director
Los Angeles-based BH Properties has named retail expert Greg Sullivan managing director of the company’s Retail Properties Division. Sullivan comes to BH Properties from Brookfield Properties, where he… Read more
Yes SF Coalition, Red Bay Coffee to Share Space at Swig’s 220 Montgomery
The Swig Company finalized a new lease with the San Francisco Chamber of Commerce as part of a space-sharing arrangement… Read more
Brookfield Wins Planning Commission Approval for Stonestown Revamp
Brookfield Properties’ redevelopment plan for the Stonestown Galleria shopping mall won unanimous approval from the San Francisco Planning Commission. Reportedly… Read more
Global CRE Pricing Continues to Slip in Q1
Global commercial real estate pricing continued to fall in the first quarter of 2024 as deal activity remained sluggish across… Read more
Some Office Buildings Are Thriving, According to Placer.ai
While much of the office sector news continues to focus on high vacancies and less usage, a recent Placer.ai report… Read more
Chicago Ranks as a Top 10 U.S. Life Sciences Market
Although Chicago’s overall life-sciences market still lags some of the big players in the country such as San Francisco and… Read more
Northmarq Arranges $24M Loan on Fremont Multifamily
Northmarq’s San Francisco Debt + Equity team arranged $23.9 million in financing for the purchase of Fremont City Center, a… Read more
Pacific Capital Acquires Street-Front Retail in San Francisco
JLL Capital Markets closed the $9.35-million sale of 2145 Market St., a 29,762-square-foot, trophy retail asset located in San Francisco. Managing director… Read more
Stockbridge Closes Fifth Value-Add Fund at $709M
San Francisco-based Stockbridge Capital Group said Monday it had reached the final close of the fifth fund within its closed-end… Read more