SAN FRANCISCO-Bidcom Inc. and Cephren Inc. are becoming Citadon Inc. The synergies between the two companies' products, assets, operating expenses and target markets were such that "it made tremendous business sense for us to merge," says Bidcom CEO Doug Sabella, who will become CEO of Citadon.

SAN FRANCISCO-The Mission Bay project, just underway this week, is slated to include a five million sf corporate and tech campus, 6,090 residential units, a 500 room hotel, and 700,000 sf of retail space.

RICHMOND, CA-Essex Property Trust Inc. has purchased 26.5 acres in the Hilltop neighborhood for $10.3 million. The Palo Alto-based REIT says it will immediately begin construction of 504 apartments units.

SAN FRANCISCO-The latest contender in the race to bring office space into cyberspace is locally-based Vectiv Corp., which is marketing a "Strategic Real Estate Solution" that promises to help the industry "identify, evaluate, acquire and develop new sites ... faster, more efficiently and at lower cost.

SAN FRANCISCO-Overall vacancy rates are at an all-time low 2.16% after falling for the sixth consecutive quarter, according to a recent report by Whitney Cressman Limited. The rate in the Financial District is under 1.5% after falling nearly 60% in the first nine months of the year.

SAN FRANCISCO-Despite the commission's controversial classification of the construction as "multimedia/business services," which expempts it from construction caps, the proposal was unanimously approved without debate.