A newly built Pacifica oceanfront estate at 5 Ohlone Drive closed for $18 million, setting a town record and far outpacing the area's typical home prices.

Countywide asking rents in San Mateo County rose about 6% to roughly $3,368, but increases are concentrated in cities like Foster City and Menlo Park while older-stock apartments stay flat.

Brisbane's Baylands redevelopment — proposing roughly 2,000 homes and 7M sq ft of commercial space — moves into final review with an EIR and staff plan due the week of May 11.