Entries by admin

Getting downtown ‘right’ in San Jose has been a trial-and-error process

The plan for San Jose’s downtown is years old. What’s new is that Google has bought into that vision. The critical challenge of getting things right in the next iteration of downtown San Jose has been a hot issue at least since the 1980s, when downtown was torn up and many businesses suffered and died during […]

Oakland leaders declare Section 8 landlord incentive program a success

An incentive program aimed at bringing new landlords into the Section 8 low-income housing program — and keeping them around — has yielded positive results, with hundreds of new units added this year, Oakland city leaders announced today. The three-tiered incentive program was launched by the Oakland Housing Authority in January. As of June 30, 75 new […]

WeWork brings its newest office model to San Francisco to chase mid-size companies

WeWork is putting a twist on its co-working model with HQ, a new concept aimed at medium-sized companies that offers more privacy. Co-working space operator WeWork is bringing a new concept aimed at medium-sized companies to San Francisco. The fast-growing company eased 17,500 square feet in 800 Market St. for its first location of the new model, […]

Get ready for a big fight over California’s property taxes in 2020

A big battle over property taxes in California is shaping up for the 2020 ballot. Supporters of a bid to increase taxes on commercial land announced Tuesday they’ve collected more than 860,000 signatures to force a vote on the issue in two years. “This is a defining moment for California,” Fred Blackwell, CEO of the San Francisco […]

Tech tenants continue to compete for limited Silicon Valley office space

The Silicon Valley office market continues to perform well, with tech tenants quickly grabbing up space, particularly larger blocks that are hard to come by in the tight market. The recent 274K SF lease by Roku at Coleman Highline reflects the strength of the San Jose market. Google’s plans for an 8M SF campus in […]

Richmond vacant property tax headed to November ballot

Richmond voters in November will decide whether to tax vacant properties to pay for homelessness services, affordable housing and other things. The vacant property tax measure was inspired by one in Oakland, which was approved for the November ballot a few weeks ago, said Richmond Mayor Tom Butt. If Richmond voters pass the measure — it needs a […]

In a U.S. mall owner’s world, ‘boring’ is actually pretty good

Mall landlords, besieged for the past two years by the rise of online shopping, are trying to push a new narrative of improving sales and increased demand for empty space at their properties. Second-quarter earnings results for the biggest owners were largely in line with expectations, according to DJ Busch, an analyst at Green Street Advisors LLC, […]

As San Jose boosts job growth, the challenge will be where to house new employees

With the potential for Google to add around 15,000 employees at its planned 8M SF Google Transit Village, San Jose is presented with an ongoing challenge: How can a city grow jobs in a largely undersupplied housing market? In the next 10 years, San Jose will benefit from more development and have a vastly different […]

How Salesforce Transit Center helped transform a blighted neighborhood

At the start of the economic recovery, San Francisco’s Transbay District was speckled with underused parking lots and very few options for housing and offices. Now, the neighborhood holds the city’s largest office and mixed-use towers, residential high-rises and 100K SF of retail at the $2.4B Salesforce Transit Center that will soon open. “Salesforce Transit […]

Square Inc. expands Mid-Market headquarters office in one of San Francisco’s biggest office leases this year

Payments processing company Square Inc. added another 104,135 square feet to its Mid-Market headquarters in San Francisco. The company will now occupy a total of 469,056 square feet in 1455 Market St., a 1 million-square-foot office building. The deal was one of the largest of the second quarter for landlord Hudson Pacific Properties (NYSE: HPP), which reported […]