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.

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 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.

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’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.

PODS has taken the entire 104,400‑square‑foot warehouse at 1959 Monterey Road, a sign of continued demand for distribution-ready space in Central San Jose.

U.S. existing‑home sales cooled in March to a nine‑month low even as the median price hit a March record; some Bay Area markets are still showing strength.

A new state transit housing law could allow more than 40,000 homes in Campbell, touching nearly a quarter of the city and prompting council moves to shield historic sites. Officials and residents are weighing infrastructure, parking and local character tradeoffs.

City leaders approved an amended lease to revive a long‑dormant Hope Street hotel‑office plan, trading a hotel garage for shared parking and new payments toward municipal parking. The move aims to cut costs and speed construction.

Glean has taken new office space near downtown Mountain View as the enterprise-AI company scales hiring and product work after raising roughly $765M.

Automaker‑backed IONNA paid $2.45M for a San Jose car lot and could convert it into a Rechargery with fast chargers, a lounge and retail as part of a California push.

The Planning Commission recommended City Council consider adopting a revised El Camino Real Specific Plan that would rezone the corridor and allow up to 4,390 homes.

A county-backed affordable housing project broke ground at 3001 El Camino Real in Palo Alto, promising roughly 130 units and services for people exiting homelessness.