La Bahia Hotel & Spa secured a $115 million refinancing, a major vote of confidence for the long-planned Santa Cruz beachfront resort.

Rithm’s Elecor Properties is spending roughly $250M to remake One Market Plaza and One Front Street with a sky bar, new gyms and hospitality-style lounges to attract tenants.

Fal has leased an entire floor at 300 Mission Street as the AI startup scales after a funding-driven valuation jump. The move underscores renewed AI demand for downtown office space.

El Camino Health has filed to replace its 1962 Los Gatos hospital with a $1 billion all-electric medical campus. The proposal promises private rooms, a larger ER and a Level III NICU.

A Levin Johnston team at Marcus & Millichap brokered a $25.375M 1031 exchange in Livermore, trading a 20‑unit site for a 64‑unit complex and boosting the investor’s scale. The swap consolidates holdings on the same block and preserves tax‑deferred status.

The Planning Commission recommended approval of an eight‑story, 94‑unit mixed‑use project at the former Kelly Moore site in downtown San Mateo. Neighbors raised traffic and parking concerns as the plan moves to the City Council.

Novato’s council approved a 28‑pump Costco fuel center at Vintage Oaks after years of lawsuits and an expanded environmental review. Opponents warn of traffic, wetlands risk and climate contradictions.

NX Ventures has added a floor to a South Berkeley proposal across from Berkeley Bowl, raising the plan to 11 stories and 242 apartments with 30 below-market-rate units. The team says modular construction will speed delivery.

Lane Partners’ amended Parkline filing would convert SRI’s Menlo Park campus into 1,082 homes, a retail village and large new public open space.

Oakland Roots filed plans to convert their Harbor Bay training campus into an 8,000-seat modular stadium; Alameda planners will review the filing on June 22.

Apple paid about $162.2 million for offices at 684 West Maude Ave in Sunnyvale, continuing its South Bay buying spree. The price is roughly 27% below the building’s 2022 sale.

Supervisors will consider declaring 1127 First St. surplus on June 16, starting a state‑required process that could lead to a $10M sale and downtown redevelopment.

Construction starts June 15 on a new 12,000‑sq‑ft Pescadero fire station at 340 Butano Cutoff with a solar microgrid. The Measure K‑funded build replaces a flood‑prone 1957 facility.