Author: Agggregated News

San Francisco

San Francisco can’t bounce back as office vacancies reach all-time high – New York Post

Agggregated News

San Francisco’s once-booming, 88-million-square-foot office market is feeling more like a ghost town as vacancies soar to unprecedented heights, leaving the city’s skyline looking emptier than ever. According to the latest data from CBRE, office vacancy rates in the City by the Bay hit a staggering 36.6% in the first quarter, marking a 1.3% increase from the previous quarter. This surge in vacancies has pushed San Francisco’s office market into uncharted territory, with availability — which includes both vacant and occupied, but available, spaces — rising to 38.7%. Last quarter’s…

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New Home Builders

Lendlease and Google to develop mixed-use neighborhoods in San Francisco Bay – Building Design + Construction

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Lendlease announced it has entered into an agreement with Google to jointly undertake the master planning, entitlement, and development of three areas in the San Francisco Bay Area. Over the next 10 to 15 years, the two companies will work together to redevelop Google’s landholdings in San Jose, Sunnyvale, and Mountain View. Lendlease estimates it will develop 15 million sf of residential, retail, hospitality, and associated community uses in the new neighborhoods. Additionally, Google will focus on developing its office space within these communities. “Today’s agreement expands on an existing and…

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Wobbly Bay Area office market spurs delay of huge San Jose tech campus – Silicon Valley

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SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects. CityView Plaza, a massive office, retail and restaurant complex in downtown San Jose, is headed for a development delay. At full buildout, the project would total 3.4 million square feet. Jay Paul Co., one of the Bay Area’s most successful and savvy real estate firms, owns the project site and intends to develop…

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Wobbly Bay Area office market spurs delay of huge San Jose tech campus – The Mercury News

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(Gensler, Jay Paul Co.) CityView, a three-tower office complex at a downtown San Jose site bounded by Almaden Boulevard, West San Fernando Street, South Market Street and Park Avenue, concept. 200 Park office tower is visible to the left. SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects. CityView Plaza, a massive office, retail and restaurant complex in downtown San Jose, is…

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Real Estate | – Wobbly Bay Area office market spurs delay of huge San Jose tech campus – The Mercury News

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(Gensler, Jay Paul Co.) CityView, a three-tower office complex at a downtown San Jose site bounded by Almaden Boulevard, West San Fernando Street, South Market Street and Park Avenue, concept. 200 Park office tower is visible to the left. SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects. CityView Plaza, a massive office, retail and restaurant complex in downtown San Jose, is…

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