#office-market
#office-market

Big financial services firm completes deal at Santana Row in San Jose

Santana Row attracts PwC lease despite slow market.

Amenities at Santana Row contribute to leasing success. [ more ]

www.mercurynews.com

Silicon Valley real estate

Silicon Valley office market starts to stabilize yet vacancies persist

Signs of stabilization in South Bay office market.

Improvement in office space availability rate in Silicon Valley. [ more ]

New York Post

NYC real estate

Park Avenue landlords boast new leases after glowing Sixth Ave. report

Park Avenue's 277 Park Ave. is 98% leased with major lease deals by companies like Sumitomo Corporation and Arsenal Capital Management.

Major upgrades at 277 Park Ave. contributed to high tenant demand with rents ranging from $100-$120 per square foot. [ more ]

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commercial-real-estate

SFGATE

SF real estate

Last year was bad for commercial real estate. 2024 could be worse.

Over $900 billion in commercial real estate loans due this year are a significant risk to regional banks and municipal finances.

Commercial real estate loan repayment challenges, especially in the office market, are expected to mirror the difficulties faced in 2023. [ more ]

www.mercurynews.com

Big Santana Row office building in San Jose may soon be half-leased

One Santana West, a new office building in San Jose, is experiencing strong leasing activity and may soon be half-leased.

A major tenant has signed a letter of intent for a lease at One Santana West. [ more ]

therealdeal.com

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LA real estate

Plastic Surgeon Buys Beverly Hills Offices for $21M

A plastic surgeon with a large social media following has purchased an office building in Beverly Hills for $21.3 million.

The surgeon plans to build out half of the building as medical space and lease the rest to tenants.

Beverly Hills has seen several office deals trading for over $900 per square foot, indicating a strong market for office properties in the area. [ more ]

therealdeal.com

LA real estate

Hackman Capital Revises Vision for LA's Television City

Hackman Capital Partners scales back $1.25 billion Television City redevelopment plans from 1 million to 980,000 square feet, reducing office tower and building heights.

Shift in office market due to remote work prompts revisions; new design architect Foster + Partners brought in for updated plans. [ more ]

Los Angeles Times

Los Angeles

Office tower planned for Hollywood gets new design and billion-dollar price tag

Office developer plans $1-billion Hollywood high-rise catering to entertainment industry

Renowned architect Norman Foster designs greenery-laden 'vertical campus' for new office tower [ more ]

www.mercurynews.com

2 months ago

Q&A: Michael Van Every looks in-depth at Bay Area real estate market

The Bay Area office market is challenging with smaller demands for office spaces.

There is an oversupply of office space post-pandemic in the Bay Area and Southern California. [ more ]

www.mercurynews.com

Big East Bay office complex lands buyer in deal that tops $70 million

Clorox headquarters in Pleasanton has been bought for over $70 million, indicating a weak Bay Area office market.

The office property was purchased by PSAI Realty Partners from the Los Angeles County Employees Retirement Association at a 43% lower price than its assessed value. [ more ]

www.mercurynews.com