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<description>Bisnow San Francisco News</description>
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<title>Strada Closes On Acquisition Of Samsara's Showplace Square HQ</title>
<link>https://www.bisnow.com/san-francisco/news/office/strada-closes-on-acquisition-of-samsaras-showplace-square-hq-134879</link>
<guid>https://www.bisnow.com/san-francisco/news/office/strada-closes-on-acquisition-of-samsaras-showplace-square-hq-134879</guid>
<description>Strada Investment Group completed its acquisition of 1 De Haro St., a fully leased 133K SF property in Showplace Square that is home to artificial intelligence company Samsara.
Strada paid $103M, or $771 per SF, for 1 De Haro, the San Francisco Business...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 04 Jun 2026 18:22:54 -0400</pubDate>
<content:encoded><![CDATA[Strada Investment Group completed its acquisition of 1 De Haro St., a fully leased 133K SF property in Showplace Square that is home to artificial intelligence company Samsara.
Strada paid $103M, or $771 per SF, for 1 De Haro, the San Francisco Business Times reported. Strada began negotiations for the property in April after developer SKS Partners listed it for sale in February.
Samsara preleased the entirety of the building’s 86K SF of office space for its global headquarters. The building also has 43K SF of light industrial space.
The Showplace Square property is the first multistory, fully mass timber and cross-laminated timber building constructed in San...]]></content:encoded>
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<title>Flow Enters West Coast With $175M San Jose Multifamily Buy</title>
<link>https://www.bisnow.com/san-francisco/news/multifamily/flow-purchases-troubled-san-jose-multifamily-high-rise-for-175m-134817</link>
<guid>https://www.bisnow.com/san-francisco/news/multifamily/flow-purchases-troubled-san-jose-multifamily-high-rise-for-175m-134817</guid>
<description>Flow, a residential real estate and property management company launched in 2022 by WeWork co-founder Adam Neumann, purchased The Fay apartment building in San Jose for $175M.
It is the first West Coast acquisition for Flow, which also has property in...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 01 Jun 2026 18:36:45 -0400</pubDate>
<content:encoded><![CDATA[Flow, a residential real estate and property management company launched in 2022 by WeWork co-founder Adam Neumann, purchased The Fay apartment building in San Jose for $175M.
It is the first West Coast acquisition for Flow, which also has property in Miami, Fort Lauderdale, Florida, and Riyadh, Saudi Arabia. 
The 336-unit, 23-story high-rise at Reed and Market streets was about 60% vacant at the time of the acquisition, which was made through a JV with ASJ Development, the Silicon Valley Business Journal reported. 
Flow intends to rebrand The Fay and activate vacant ground-floor retail on East Reed and South First Street. In January, an affiliate...]]></content:encoded>
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<title>How The Wonderful Logistics Center Is Transforming California's Central Valley </title>
<link>https://www.bisnow.com/los-angeles/news/industrial/wonderful-logistics-center-wonderful-real-estate-studiob-134481</link>
<guid>https://www.bisnow.com/los-angeles/news/industrial/wonderful-logistics-center-wonderful-real-estate-studiob-134481</guid>
<description>The U.S. industrial market is off to a strong start in 2026. 
Q1 saw the market post its best numbers in three years, with 40M SF of net absorption. But not all industrial spaces are created equal, and reports show tenants shifting their demand toward...</description>
<author>julia.troy@bisnow.com</author>
<pubDate>Thu, 07 May 2026 12:24:14 -0400</pubDate>
<content:encoded><![CDATA[The U.S. industrial market is off to a strong start in 2026. 
Q1 saw the market post its best numbers in three years, with 40M SF of net absorption. But not all industrial spaces are created equal, and reports show tenants shifting their demand toward newer warehouse products that can support automation, artificial intelligence systems and higher power requirements.
The Wonderful Co., known for its many brands including Wonderful Pistachios, Halos and Pom Wonderful, has expanded into the commercial real estate world with its Wonderful Logistics Center to meet these modern industrial tenant demands. The 2,000-acre, fully entitled and master-planned logistics center, located in Shafter in California’s Central Valley, features more...]]></content:encoded>
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<title>First Projects Advance Under San Francisco's New Zoning Plan, But Costs Hold Pipeline To A Trickle</title>
<link>https://www.bisnow.com/san-francisco/news/multifamily/new-family-zoning-plan-housing-projects-sluggish-out-of-the-gate-134796</link>
<guid>https://www.bisnow.com/san-francisco/news/multifamily/new-family-zoning-plan-housing-projects-sluggish-out-of-the-gate-134796</guid>
<description>San Francisco’s first housing project proposals under the city’s new Family Zoning Plan are beginning to advance, but six months after the policy opened large swaths of the west side to taller, denser construction, multifamily development remains...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Fri, 29 May 2026 17:57:54 -0400</pubDate>
<content:encoded><![CDATA[San Francisco’s first housing project proposals under the city’s new Family Zoning Plan are beginning to advance, but six months after the policy opened large swaths of the west side to taller, denser construction, multifamily development remains largely stalled as high financing and construction costs continue to sideline most projects.
The zoning plan was Mayor Daniel Lurie’s attempt to create more than 36,000 homes as housing element deadlines bear down on cities across California. With a 2031 deadline fast approaching, the pace of new projects remains slow, despite enthusiasm to get new units going.
“It's a long process to get from thinking...]]></content:encoded>
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<title>Ellis Partners, Baupost Group Spend $310M For Santa Clara Office </title>
<link>https://www.bisnow.com/san-francisco/news/office/ellis-partners-baupost-group-purchase-santa-clara-office-complex-for-310m-134735</link>
<guid>https://www.bisnow.com/san-francisco/news/office/ellis-partners-baupost-group-purchase-santa-clara-office-complex-for-310m-134735</guid>
<description>Ellis Partners continued its South Bay spending spree with the acquisition of two six-story, Class-A office and research and development buildings in Santa Clara.
Ellis Partners and hedge fund The Baupost Group of Boston purchased the 635K SF Great American...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 26 May 2026 17:40:16 -0400</pubDate>
<content:encoded><![CDATA[Ellis Partners continued its South Bay spending spree with the acquisition of two six-story, Class-A office and research and development buildings in Santa Clara.
Ellis Partners and hedge fund The Baupost Group of Boston purchased the 635K SF Great American Commons at 4555 and 4655 Great America Parkway for $310M in the largest office transaction of the year in Silicon Valley, The Mercury News reported.
Great America Commons is 77% leased, with a tenant roster that includes Ampere Computing and Texas Instruments as well as the headquarters offices for the San Francisco 49ers. PGIM, the global asset management arm of Prudential Financial,...]]></content:encoded>
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<title>Harvest Properties, Lone Star Form JV To Recapitalize 600 California</title>
<link>https://www.bisnow.com/san-francisco/news/office/harvest-properties-lone-star-form-jv-to-recapitalize-600-california-134727</link>
<guid>https://www.bisnow.com/san-francisco/news/office/harvest-properties-lone-star-form-jv-to-recapitalize-600-california-134727</guid>
<description>Harvest Properties of San Francisco and an affiliate of global private equity firm Lone Star Funds of Dallas formed a joint venture to recapitalize the 20-story office tower at 600 California St. 
Lone Star acquired the 360K SF property formerly owned...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 26 May 2026 14:11:37 -0400</pubDate>
<content:encoded><![CDATA[Harvest Properties of San Francisco and an affiliate of global private equity firm Lone Star Funds of Dallas formed a joint venture to recapitalize the 20-story office tower at 600 California St. 
Lone Star acquired the 360K SF property formerly owned by WeWork Capital Advisors out of receivership after the office coworking company stopped paying its rent in April 2023.
A Lone Star affiliate in January acquired the nonperforming $240M CMBS loan on the building for $130M. WeWork paid $332M for the building in August 2019.
Harvest will take an equity position in the property and oversee day-to-day operations, leasing and strategic repositioning...]]></content:encoded>
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<title>Modular Apartment Construction Gains Momentum In Bay Area</title>
<link>https://www.bisnow.com/san-francisco/news/prefabrication-and-modular-construction/affordable-housing-developers-modular-construction-control-costs-134694</link>
<guid>https://www.bisnow.com/san-francisco/news/prefabrication-and-modular-construction/affordable-housing-developers-modular-construction-control-costs-134694</guid>
<description>Renters in the Bay Area are in the midst of a fresh wave of rent increases as the city’s post-pandemic rebound accelerates. 
As city leaders try new strategies to ease the building process, developers are increasingly employing modular construction...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 21 May 2026 18:40:08 -0400</pubDate>
<content:encoded><![CDATA[Renters in the Bay Area are in the midst of a fresh wave of rent increases as the city’s post-pandemic rebound accelerates. 
As city leaders try new strategies to ease the building process, developers are increasingly employing modular construction strategies to speed projects and control costs, and they are looking for ways to expand the process.
“We are coming in 60% less with a 50% faster timeline,” said Danny Haber, co-founder and CEO of oWow Development, which is underway on an 11-story apartment project in Oakland. “As an entrepreneur, this reduction in cost is just scratching the surface of what we can...]]></content:encoded>
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<title>Ballast Buys Multifamily Building For $35M: The San Francisco Deal Sheet</title>
<link>https://www.bisnow.com/san-francisco/news/deal-sheet/ballast-multifamily-buying-spree-san-francisco-deal-sheet-134692</link>
<guid>https://www.bisnow.com/san-francisco/news/deal-sheet/ballast-multifamily-buying-spree-san-francisco-deal-sheet-134692</guid>
<description>Ballast acquired the 80-unit Grosvenor Atrium apartments at 1690 Broadway St. in San Francisco for $35.5M as it strengthens its multifamily holdings in the city’s Pacific Heights neighborhood.
Grosvenor Atrium was 97% occupied at closing, Ballast said...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 21 May 2026 16:19:38 -0400</pubDate>
<content:encoded><![CDATA[Ballast acquired the 80-unit Grosvenor Atrium apartments at 1690 Broadway St. in San Francisco for $35.5M as it strengthens its multifamily holdings in the city’s Pacific Heights neighborhood.
Grosvenor Atrium was 97% occupied at closing, Ballast said in a press release. It was the first time the building, constructed in 1975, had been offered for sale.
The seller had completed a slew of capital improvements, such as installing new fire alarm and fire suppression systems, dual-pane windows and high-efficiency water heaters.]]></content:encoded>
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<title>REPORT: Presidio Bay Lined Up To Buy Debt On San Francisco Fed Building</title>
<link>https://www.bisnow.com/san-francisco/news/investment/sf-developer-emerges-buyer-historic-federal-reserve-building-134656</link>
<guid>https://www.bisnow.com/san-francisco/news/investment/sf-developer-emerges-buyer-historic-federal-reserve-building-134656</guid>
<description>San Francisco developer Presidio Bay Ventures is targeting the debt on a historic building on Battery Street, the San Francisco Business Times reported, citing sources familiar with the potential deal.
Mack Real Estate of New York City is seeking buyers...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 19 May 2026 19:22:50 -0400</pubDate>
<content:encoded><![CDATA[San Francisco developer Presidio Bay Ventures is targeting the debt on a historic building on Battery Street, the San Francisco Business Times reported, citing sources familiar with the potential deal.
Mack Real Estate of New York City is seeking buyers for a $100M nonperforming loan backed by the former Federal Reserve Bank of San Francisco Building at 301 Battery St.
The deal to acquire the loan on the 208K SF, seven-story building would likely be in the $70M range, and Presidio Bay would likely assume control of the building through foreclosure rather than working with owner RFR on a deed-in-lieu-of-foreclosure agreement, the SFBT reported.
Presidio Bay...]]></content:encoded>
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<title>Illumio To Move HQ To Santa Clara After 120K SF Office Lease</title>
<link>https://www.bisnow.com/san-francisco/news/office/illumio-moves-hq-santa-clara-120k-sf-lease-134573</link>
<guid>https://www.bisnow.com/san-francisco/news/office/illumio-moves-hq-santa-clara-120k-sf-lease-134573</guid>
<description>Cybersecurity firm Ilumio is relocating its corporate headquarters from Sunnyvale to Santa Clara with the signing of a 120K SF lease at the Campus at Scott.
Illumio will occupy three floors of the Class-A office complex in the heart of Santa Clara at...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Wed, 13 May 2026 18:00:19 -0400</pubDate>
<content:encoded><![CDATA[Cybersecurity firm Ilumio is relocating its corporate headquarters from Sunnyvale to Santa Clara with the signing of a 120K SF lease at the Campus at Scott.
Illumio will occupy three floors of the Class-A office complex in the heart of Santa Clara at 3315, 3325 and 3355 Scott Blvd., the company said in a news release.
San Francisco-based Ellis Partners and investment manager The Baupost Group of Boston acquired the 460K SF, three-building, Class-A office complex on Scott Boulevard for $210M in 2025.
That price was a significant discount from the $305M Clarion Partners paid in 2015.
Ellis Partners is in the midst of a sweeping renovation at the office complex,...]]></content:encoded>
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<title>Early Collaboration, Public-Private Partnerships New Norm For Bay Area Student Housing Developers</title>
<link>https://www.bisnow.com/san-francisco/news/student-housing/early-collaboration-public-private-partnerships-new-norm-for-student-housing-developers-134541</link>
<guid>https://www.bisnow.com/san-francisco/news/student-housing/early-collaboration-public-private-partnerships-new-norm-for-student-housing-developers-134541</guid>
<description>With California’s colleges and universities short tens of thousands of student beds, higher education institutions are increasingly turning to public-private partnerships, or P3s, to get student housing projects completed more quickly and share development...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 12 May 2026 12:24:52 -0400</pubDate>
<content:encoded><![CDATA[With California’s colleges and universities short tens of thousands of student beds, higher education institutions are increasingly turning to public-private partnerships, or P3s, to get student housing projects completed more quickly and share development risk.
Bringing student housing projects with thin margins to fruition requires a disciplined basis, collaborative delivery models and early integration with builders and subcontractors, according to panelists at Bisnow’s Northern California Student Housing and Higher Education Summit at the Grand Hyatt San Francisco on April 30.
“Everything is really about basis right now,” Nhan Nguyen Le, CEO and founder of Berkeley-based investment firm Valiance Capital, said during panel discussion at...]]></content:encoded>
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<title>Ideaya Biosciences Expanding Into 80K SF In South San Francisco</title>
<link>https://www.bisnow.com/san-francisco/news/life-sciences/ideaya-biosciences-expanding-80k-sf-south-san-francisco-134468</link>
<guid>https://www.bisnow.com/san-francisco/news/life-sciences/ideaya-biosciences-expanding-80k-sf-south-san-francisco-134468</guid>
<description>Clinical-stage cancer research company Ideaya Biosciences increased its footprint in South San Francisco with a 25K SF lease expansion at 5000 Shoreline Court.
In June 2023, Ideaya leased 44K SF at the property owned by DivcoWest, which acquired the...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Wed, 06 May 2026 18:06:25 -0400</pubDate>
<content:encoded><![CDATA[Clinical-stage cancer research company Ideaya Biosciences increased its footprint in South San Francisco with a 25K SF lease expansion at 5000 Shoreline Court.
In June 2023, Ideaya leased 44K SF at the property owned by DivcoWest, which acquired the vacant 140K SF waterfront building at Sierra Point a year earlier and began converting it into laboratory space. Ideaya originally leased space on the first and third floors, and in 2024, it added 11,300 SF in a lease commencing in January 2025.
Ideaya's most recent expansion takes a portion of available space on the second floor as well, according to documents filed with the Securities and Exchange...]]></content:encoded>
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<title>Meta Shelves Plans For 1.6M SF Menlo Park Megaproject</title>
<link>https://www.bisnow.com/san-francisco/news/mixed-use/meta-shelves-plans-for-16m-sf-megaproject-in-menlo-park-134445</link>
<guid>https://www.bisnow.com/san-francisco/news/mixed-use/meta-shelves-plans-for-16m-sf-megaproject-in-menlo-park-134445</guid>
<description>Meta is pumping the brakes on its proposed mixed-use megaproject spanning 1.6M SF in Menlo Park.
The Willow Village project was placed on hold due to changing market conditions and reduced space requirements for prospective tenants, property owner and...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 05 May 2026 19:05:48 -0400</pubDate>
<content:encoded><![CDATA[Meta is pumping the brakes on its proposed mixed-use megaproject spanning 1.6M SF in Menlo Park.
The Willow Village project was placed on hold due to changing market conditions and reduced space requirements for prospective tenants, property owner and Meta affiliate Peninsula Innovation Partners said in a statement.
Willow Village was slated to replace the aging Menlo Science and Technology Park. Meta purchased the 21-building campus on 56 acres at 1350-1390 Willow Road from Prologis in 2015. 
Development plans for Willow Village called for up to 1.25M SF of office space, 200K SF of retail and 1,730 multifamily units, 312 of which would have been income- or...]]></content:encoded>
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<title>Olema Pharmaceuticals Leases New South San Francisco HQ</title>
<link>https://www.bisnow.com/san-francisco/news/office/olema-pharmaceuticals-leases-new-headquarters-south-san-francisco-134419</link>
<guid>https://www.bisnow.com/san-francisco/news/office/olema-pharmaceuticals-leases-new-headquarters-south-san-francisco-134419</guid>
<description>Olema Pharmaceuticals leased 38K SF of office space in South San Francisco for its new corporate headquarters.
Olema took 25K SF on the fourth floor for its initial expansion, along with just over 13,100 SF on the fifth floor for future expansion, at...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 04 May 2026 18:18:27 -0400</pubDate>
<content:encoded><![CDATA[Olema Pharmaceuticals leased 38K SF of office space in South San Francisco for its new corporate headquarters.
Olema took 25K SF on the fourth floor for its initial expansion, along with just over 13,100 SF on the fifth floor for future expansion, at Kilroy Realty’s Phase 2 at Kilroy Oyster Point, according to documents filed with the Securities and Exchange Commission.
The biotech firm plans to move from its existing lab and office space at 780 Brannan St., where its lease was set to expire at the end of the year, in December. Olema will also vacate space at 1800 Owens St. in...]]></content:encoded>
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<title>Tenants Gain Even More Power In Bay Area Lab Market</title>
<link>https://www.bisnow.com/san-francisco/news/life-sciences/tenants-gain-power-bay-area-lab-market-134400</link>
<guid>https://www.bisnow.com/san-francisco/news/life-sciences/tenants-gain-power-bay-area-lab-market-134400</guid>
<description>Life sciences real estate in the Bay Area started the year with several setbacks, mirroring a national trend in which biotech firms themselves are seeing bright spots, but the effect of those positive indicators hasn’t yet trickled into real estate.
Net...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Sun, 03 May 2026 17:17:26 -0400</pubDate>
<content:encoded><![CDATA[Life sciences real estate in the Bay Area started the year with several setbacks, mirroring a national trend in which biotech firms themselves are seeing bright spots, but the effect of those positive indicators hasn’t yet trickled into real estate.
Net absorption of lab space in the Bay Area turned negative in the first quarter, with 453K SF of occupancy losses, according to Newmark. Availability increased to 32.3% as tenants reversed course from a small surge of leasing at the end of 2025.]]></content:encoded>
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<title>Paramount Group Gets New Name, $250M Portfolio Revamp Under New Owner</title>
<link>https://www.bisnow.com/national/news/office/rithm-infusing-250m-into-former-paramount-portfolio-rebranding-company-134320</link>
<guid>https://www.bisnow.com/national/news/office/rithm-infusing-250m-into-former-paramount-portfolio-rebranding-company-134320</guid>
<description>Five months after New York City-based office REIT Paramount Group was acquired by Rithm Capital Corp., the landlord has been rebranded as Elecor Properties, Rithm announced Tuesday.</description>
<author>jarred@bisnow.com</author>
<pubDate>Tue, 28 Apr 2026 11:44:42 -0400</pubDate>
<content:encoded><![CDATA[Five months after New York City-based office REIT Paramount Group was acquired by Rithm Capital Corp., the landlord has been rebranded as Elecor Properties, Rithm announced Tuesday.]]></content:encoded>
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<title>Supermicro Leases 714K SF San Jose Office Campus</title>
<link>https://www.bisnow.com/san-francisco/news/office/supermicro-leases-714k-sf-campus-in-san-jose-134312</link>
<guid>https://www.bisnow.com/san-francisco/news/office/supermicro-leases-714k-sf-campus-in-san-jose-134312</guid>
<description>Supermicro leased a 714K SF office complex across 32.8 acres at 2350 Qume Drive in San Jose that will house the company’s growing artificial intelligence infrastructure manufacturing operations.
The facility will support advanced system design, manufacturing,...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 27 Apr 2026 19:08:34 -0400</pubDate>
<content:encoded><![CDATA[Supermicro leased a 714K SF office complex across 32.8 acres at 2350 Qume Drive in San Jose that will house the company’s growing artificial intelligence infrastructure manufacturing operations.
The facility will support advanced system design, manufacturing, testing and customer service while serving as Supermicro’s global distribution point for AI infrastructure products.
“By growing our Silicon Valley footprint and deepening our U.S. roots in San Jose where we are creating high-quality professional roles, we are able to advance domestic innovation, solution value, and production capacity,” Supermicro President and CEO Charles Liang said in a statement.
The new campus brings Supermicro’s Bay Area real estate footprint to...]]></content:encoded>
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<title>San Francisco's Ghirardelli Square Changes Hands</title>
<link>https://www.bisnow.com/san-francisco/news/adaptive-reuse/iconic-ghirardelli-square-changes-hands-134305</link>
<guid>https://www.bisnow.com/san-francisco/news/adaptive-reuse/iconic-ghirardelli-square-changes-hands-134305</guid>
<description>Embrace Real Estate and affiliate 1823 Partners last week acquired San Francisco’s iconic Ghirardelli Square in Fisherman’s Wharf.
The sale price for the 12-building brick complex spanning more than 105K SF at 900 N. Point St. wasn’t disclosed....</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 27 Apr 2026 15:19:02 -0400</pubDate>
<content:encoded><![CDATA[Embrace Real Estate and affiliate 1823 Partners last week acquired San Francisco’s iconic Ghirardelli Square in Fisherman’s Wharf.
The sale price for the 12-building brick complex spanning more than 105K SF at 900 N. Point St. wasn’t disclosed. Former owner Jamestown acquired the property in 2012 for $54M, the San Francisco Business Times reported when it broke the news of the deal.
Embrace Real State and Continuum Partners of Denver will assume day-to-day operations and leasing at Ghirardelli Square. Each year, nearly 9 million people visit Ghirardelli Square, whose roots date back to 1862. In 1982, the property was listed on the National...]]></content:encoded>
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<title>UBS Relists 455 Market St. As Bay Area Office Trades Pick Up Steam</title>
<link>https://www.bisnow.com/san-francisco/news/office/ubs-relists-455-market-for-sale-134269</link>
<guid>https://www.bisnow.com/san-francisco/news/office/ubs-relists-455-market-for-sale-134269</guid>
<description>UBS Realty Investors is bringing its office tower at 455 Market St. back to market, the second time in nearly four years UBS has attempted to offload the 23-story building in the heart of San Francisco’s Financial District.
UBS is seeking close to $400...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 23 Apr 2026 19:28:16 -0400</pubDate>
<content:encoded><![CDATA[UBS Realty Investors is bringing its office tower at 455 Market St. back to market, the second time in nearly four years UBS has attempted to offload the 23-story building in the heart of San Francisco’s Financial District.
UBS is seeking close to $400 per SF, the San Francisco Business Times reported, citing an anonymous source. That price per SF would value 455 Market St. at approximately $130M to $139M.
Eastdil Secured is marketing the building for UBS, the Hartford, Connecticut-based investment branch of Swiss investment bank UBS AG. UBS has owned 455 Market since the building was completed in 1987.
UBS listed the...]]></content:encoded>
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<title>Berkshire Residential Spends $134M On San Francisco Multifamily</title>
<link>https://www.bisnow.com/san-francisco/news/multifamily/bershire-residential-acquires-sf-multifamily-portfolio-for-134m-134231</link>
<guid>https://www.bisnow.com/san-francisco/news/multifamily/bershire-residential-acquires-sf-multifamily-portfolio-for-134m-134231</guid>
<description>After closing on its $1.86B investment fund, Boston-based Berkshire Residential Investments acquired a four-property multifamily portfolio in San Francisco for $134.5M earlier this month.
The portfolio includes 299 units spanning SoMa, Clementina Street...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 21 Apr 2026 19:06:51 -0400</pubDate>
<content:encoded><![CDATA[After closing on its $1.86B investment fund, Boston-based Berkshire Residential Investments acquired a four-property multifamily portfolio in San Francisco for $134.5M earlier this month.
The portfolio includes 299 units spanning SoMa, Clementina Street in the East Cut and Potrero Hill, the San Francisco Business Times reported.
Berkshire Residential Investments in January announced it had closed Berkshire Multifamily Credit Fund IV, its largest fund in the series focused on multifamily securities in the U.S.
Its San Francisco acquisitions are condominium properties that were constructed in the early 2000s but have been in service as rentals, the SFBT reported.
Berkshire will manage the properties and has bundled them...]]></content:encoded>
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<title>Robotics Companies Have Exploded As Bay Area Office Users</title>
<link>https://www.bisnow.com/san-francisco/news/ai/robotics-physical-ai-drives-demand-for-millions-of-sf-in-bay-area-134221</link>
<guid>https://www.bisnow.com/san-francisco/news/ai/robotics-physical-ai-drives-demand-for-millions-of-sf-in-bay-area-134221</guid>
<description>The growing prevalence of artificial intelligence, and its ability to drive office leasing in the Bay Area, has caused related sectors to grow their spaces as well, according to new research from JLL.
Over the past six years, companies in the robotics...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Tue, 21 Apr 2026 13:27:35 -0400</pubDate>
<content:encoded><![CDATA[The growing prevalence of artificial intelligence, and its ability to drive office leasing in the Bay Area, has caused related sectors to grow their spaces as well, according to new research from JLL.
Over the past six years, companies in the robotics and drone industries have increased their Bay Area footprint from less than 500K SF of office in 2020 to more than 7.6M SF in 2026, JLL researchers told Bisnow.
Robotics and AI-centric drone companies are expected to ink deals for an additional 1.5M SF in 2026 to be located in proximity to the nation’s epicenter for AI development, said Alexander Quinn,...]]></content:encoded>
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<title>Northmarq Arranges $145M Refinancing For Cupertino Office Towers: The Bay Area Deal Sheet</title>
<link>https://www.bisnow.com/san-francisco/news/deal-sheet/northmarq-arranges-145m-refinancing-for-cupertino-office-towers-the-san-francisco-deal-sheet-134207</link>
<guid>https://www.bisnow.com/san-francisco/news/deal-sheet/northmarq-arranges-145m-refinancing-for-cupertino-office-towers-the-san-francisco-deal-sheet-134207</guid>
<description>Northmarq’s San Francisco-based debt and equity team arranged $145M in refinancing for The Towers at Cupertino City Center.
The two-building Class-A office campus at 20400 and 20450 Stevens Creek Blvd. is owned by Prometheus Real Estate Group and spans...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 20 Apr 2026 15:05:12 -0400</pubDate>
<content:encoded><![CDATA[Northmarq’s San Francisco-based debt and equity team arranged $145M in refinancing for The Towers at Cupertino City Center.
The two-building Class-A office campus at 20400 and 20450 Stevens Creek Blvd. is owned by Prometheus Real Estate Group and spans 357K SF on 3.25 acres. Built in 1989, The Towers at Cupertino City Center were renovated in 2022, which helped draw interest from a range of institutional lenders, Northmarq said.]]></content:encoded>
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<title>Together AI To Establish New HQ In San Francisco Design District</title>
<link>https://www.bisnow.com/san-francisco/news/office/ai-companies-lease-352k-sf-san-francisco-richmond-134166</link>
<guid>https://www.bisnow.com/san-francisco/news/office/ai-companies-lease-352k-sf-san-francisco-richmond-134166</guid>
<description>Together AI leased 150K SF at 2 Henry Adams St. for its new corporate headquarters as the Bay Area's AI office leasing hot streak continues, the San Francisco Business Times reported.
Together AI in February 2025 announced a $305M Series B fundraise that...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 16 Apr 2026 16:29:38 -0400</pubDate>
<content:encoded><![CDATA[Together AI leased 150K SF at 2 Henry Adams St. for its new corporate headquarters as the Bay Area's AI office leasing hot streak continues, the San Francisco Business Times reported.
Together AI in February 2025 announced a $305M Series B fundraise that gave the company a post-money valuation of $3.3B, and it is rumored to be in discussions for another funding round of about $1B.
Together AI in 2023 initially occupied just 3K SF at 251 Rhode Island St., but it grew to take 30K SF at the building. The AI startup’s Henry Adams Street lease is for six years, with occupancy slated...]]></content:encoded>
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<title>Push For Affordable On-Campus Living Takes The Stage At Bisnow's NorCal Student Housing Event</title>
<link>https://www.bisnow.com/san-francisco/news/student-housing/affordable-on-campus-housing-northern-california-mccullough-studiob-133674</link>
<guid>https://www.bisnow.com/san-francisco/news/student-housing/affordable-on-campus-housing-northern-california-mccullough-studiob-133674</guid>
<description>High demand and soaring student housing costs in Northern California have created housing insecurity. A Hope Student Basic Needs Survey report from 2025 showed that 14% of the nearly 75,000 college students surveyed across 16 states experienced homelessness,...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Mon, 16 Mar 2026 15:57:12 -0400</pubDate>
<content:encoded><![CDATA[High demand and soaring student housing costs in Northern California have created housing insecurity. A Hope Student Basic Needs Survey report from 2025 showed that 14% of the nearly 75,000 college students surveyed across 16 states experienced homelessness, with many of them even sleeping in their cars to save money.  
This is pressuring lawmakers to prioritize faster construction to help combat the affordability crisis. New California laws, such as Assembly Bill 648, aim to streamline building by easing requirements for student housing.
California-based McCullough Landscape Architecture has been working in the student housing sector for nearly two decades. Mahalakshmi Balachandran, a senior associate at McCullough,...]]></content:encoded>
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<title>REPORT: Strada Investment Group Targeting Showplace Square Office</title>
<link>https://www.bisnow.com/san-francisco/news/office/report-strada-investment-group-targeting-showplace-square-office-building-134149</link>
<guid>https://www.bisnow.com/san-francisco/news/office/report-strada-investment-group-targeting-showplace-square-office-building-134149</guid>
<description>San Francisco’s Strada Investment Group is reportedly in negotiations to purchase a 133,400 SF building at 1 De Haro St. that could sell for as much as $110M.
Strada is in discussions to purchase the fully leased building that is home to fleet telematics...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Wed, 15 Apr 2026 17:57:13 -0400</pubDate>
<content:encoded><![CDATA[San Francisco’s Strada Investment Group is reportedly in negotiations to purchase a 133,400 SF building at 1 De Haro St. that could sell for as much as $110M.
Strada is in discussions to purchase the fully leased building that is home to fleet telematics solutions provider Samsara from its developer, SKS Partners, the San Francisco Business Times reported Tuesday, citing anonymous sources. A valuation of roughly $800 per SF would put the purchase price between $100M and $110M. 
The largest San Francisco office deals recorded in the first quarter changed hands for less than half that per-square-foot price, CBRE said in its quarterly market...]]></content:encoded>
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<title>AI Company Glean Leases 67K SF Mountain View Space</title>
<link>https://www.bisnow.com/san-francisco/news/office/ai-enterprise-startup-glean-leases-62k-sf-in-mountain-view-134070</link>
<guid>https://www.bisnow.com/san-francisco/news/office/ai-enterprise-startup-glean-leases-62k-sf-in-mountain-view-134070</guid>
<description>Artificial intelligence startup Glean subleased 62K SF of office space at 331 E. Evelyn Ave. in Mountain View from biotech company Heartflow.
Palo Alto-based Glean offers an AI-driven search function that allows a business' employees to search internal...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 09 Apr 2026 17:38:30 -0400</pubDate>
<content:encoded><![CDATA[Artificial intelligence startup Glean subleased 62K SF of office space at 331 E. Evelyn Ave. in Mountain View from biotech company Heartflow.
Palo Alto-based Glean offers an AI-driven search function that allows a business' employees to search internal corporate data, create content and automate tasks.
The lease was first reported by the Silicon Valley Business Journal.
In December, Glean said it had doubled its annual recurring revenue to $200M. The company employs more than 1,000 globally and has customers in over 27 countries.
Glean did not immediately respond to a request for comment.
Heartflow listed the space for sublease as a way to shave costs from its hefty...]]></content:encoded>
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<title>San Francisco, San Jose Most Expensive Markets For Office Improvements</title>
<link>https://www.bisnow.com/san-francisco/news/construction-development/san-francisco-san-jose-most-expensive-markets-office-improvements-134046</link>
<guid>https://www.bisnow.com/san-francisco/news/construction-development/san-francisco-san-jose-most-expensive-markets-office-improvements-134046</guid>
<description>Office tenant improvement costs are higher in the Bay Area than anywhere else in the country as the region rides a wave of leasing that has sparked optimism for a continued rebound.
In San Francisco and San Jose, office renovation costs $228 and $224...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Wed, 08 Apr 2026 19:23:59 -0400</pubDate>
<content:encoded><![CDATA[Office tenant improvement costs are higher in the Bay Area than anywhere else in the country as the region rides a wave of leasing that has sparked optimism for a continued rebound.
In San Francisco and San Jose, office renovation costs $228 and $224 per SF, respectively, well above the national average of $149 per SF, according to a report from Cushman & Wakefield. Nationwide, these costs are up 5.5% over the previous year.
The Bay Area’s higher rates are driven by labor costs, trade unions, energy regulation and elevated operating expenses, according to Cushman.
Electrical work represents the single largest expense for...]]></content:encoded>
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<title>Tesla Signs New Fremont R&amp;D Lease Ahead Of Optimus Robot Pivot</title>
<link>https://www.bisnow.com/san-jose/news/industrial/tesla-leases-signal-growing-rd-footprint-optimus-robot-134045</link>
<guid>https://www.bisnow.com/san-jose/news/industrial/tesla-leases-signal-growing-rd-footprint-optimus-robot-134045</guid>
<description>Tesla secured additional capacity in Fremont, California, as it begins its pivot from producing electric vehicles in the East Bay to making the Optimus humanoid robot.
Tesla leased the entirety of a 267K SF research and development space at 49000 Milmont...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Wed, 08 Apr 2026 18:35:06 -0400</pubDate>
<content:encoded><![CDATA[Tesla secured additional capacity in Fremont, California, as it begins its pivot from producing electric vehicles in the East Bay to making the Optimus humanoid robot.
Tesla leased the entirety of a 267K SF research and development space at 49000 Milmont Drive in Fremont’s advanced manufacturing and tech-centric Warm Springs District, the Silicon Valley Business Journal reported.
Along with 108K SF at 45401 Research Ave., a short distance from the Milmont Drive facility, Tesla has leased 375K SF in Fremont so far this year. The company hasn’t disclosed its plans for the spaces and didn’t respond to a request for comment.
Tesla CEO Elon Musk...]]></content:encoded>
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<title>Anthropic Cements 240K SF Lease On Howard Street</title>
<link>https://www.bisnow.com/san-francisco/news/office/anthropic-cements-240k-sf-lease-howard-street-133989</link>
<guid>https://www.bisnow.com/san-francisco/news/office/anthropic-cements-240k-sf-lease-howard-street-133989</guid>
<description>Artificial intelligence startup Anthropic committed to its burgeoning office footprint in downtown San Francisco by signing a direct lease for 240K SF at 500 Howard St.</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Mon, 06 Apr 2026 16:32:01 -0400</pubDate>
<content:encoded><![CDATA[Artificial intelligence startup Anthropic committed to its burgeoning office footprint in downtown San Francisco by signing a direct lease for 240K SF at 500 Howard St.]]></content:encoded>
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<title>Shvo Gets $34M In $691M Transamerica Pyramid Sale</title>
<link>https://www.bisnow.com/san-francisco/news/office/transamerica-pyramid-changes-hands-at-steep-discount-133970</link>
<guid>https://www.bisnow.com/san-francisco/news/office/transamerica-pyramid-changes-hands-at-steep-discount-133970</guid>
<description>The Transamerica Pyramid has officially sold to Cyprus-based Yoda PLC for $691M, with Michael Shvo and his companies collecting an additional $34M commission.
The sales price represents a loss for the ownership group, which poured nearly $1B into the...</description>
<author>rob.sabo@bisnow.com</author>
<pubDate>Thu, 02 Apr 2026 16:12:51 -0400</pubDate>
<content:encoded><![CDATA[The Transamerica Pyramid has officially sold to Cyprus-based Yoda PLC for $691M, with Michael Shvo and his companies collecting an additional $34M commission.
The sales price represents a loss for the ownership group, which poured nearly $1B into the iconic tower, including its $650M purchase in 2020 and millions spent on renovations.
The eight-figure payout includes commissions for representing both sides of the transaction as well as buyout of Shvo’s right-of-first-offer agreement and termination of services on the office building, The Real Deal reported.
Shvo did not respond to a request for comment on the commission.
Shvo, Deutsche Finance America and German pension fund Bayerische Versorgungskammer...]]></content:encoded>
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