Banks Bet $25 Million To Jolt Life Back Into San Francisco’s Ailing Downtown
A $25 million package led by the Downtown Development Corp. and major banks will target vacant storefronts on Powell Street and near Moscone Center to recruit tenants and revive foot traffic.
Beam Hits Peak As Gilead Lab Hub Rises Over Vintage Park
Gilead’s five‑story Technical Development Center in Foster City reached structural height this week when crews set the final beam. The milestone pushes the project toward interior fit‑out and a Q3 2027 target.
Royal Landlord Hits The Brakes As Grosvenor Unwinds Bay Area Bet
Grosvenor is winding down direct development in the U.S., selling Union Square properties and marketing major Bay Area sites as it pivots strategy. The move follows pandemic losses and writedowns.
Dropbox Nabs Full South FiDi Tower As Decagon Muscles Into SoMa
Dropbox leased the entire 50 Hawthorne building and Decagon took roughly 70,000 square feet at 680 Folsom, boosting occupancy and underscoring renewed demand for amenity‑rich offices in San Francisco.
Century-Old Market Street Office Heads To Foreclosure Showdown
A century-old Market Street office at 580 Market is set for a May 7 foreclosure after a $15.7M loan default. The scheduled auction underscores strain on downtown San Francisco office owners.
Palo Alto Buyers Get Stung as Owning Runs 5.6 Times Rent
A Construction Coverage analysis finds buying in Palo Alto costs about 5.6 times as much as renting, with typical mortgage bills near $22k a month versus rent around $3,865.
MongoDB Moves In, Scoops Up Most of California Ave Office Hub
MongoDB has signed a roughly 23,000‑sq‑ft lease at 490 California Avenue as new owners reposition the Palo Alto building for tech tenants. The deal takes most of the four‑story property.
Ryan Serhant Lands In San Francisco, Crashes Beverly Hills Party
Ryan Serhant launched California operations with offices in San Francisco and Beverly Hills, bringing 16 founding agents and an AI-powered toolkit to the luxury market.
Palo Alto Greenlights 7-Story El Camino Tower Over Neighbors' Protests
Palo Alto’s council voted 6-0 to approve a seven-story, 321-unit building at 3606 El Camino Real, even as neighbors warned about traffic and bike-safety risks.
Palo Alto Pols Blink On Billionaire Compound Crackdown
Palo Alto’s council rejected a proposal to limit wealthy “compounds” in Crescent Park and instead sent staff to study citywide construction and vacancy rules. Debate split along property‑rights lines.
Pacific Heights Mansion Quietly Fetches $56 Million In Off-Market Mega Deal
A Pacific Heights Beaux-Arts mansion at 2898 Vallejo St. sold off-market for $56 million, the city's priciest residential sale since 2024. The deal underscores renewed demand at the ultra-luxury end of the market.












