San Francisco

Splunk Inc. signed a long-term lease for 301,000 square feet of office area in Federal Realty Investment Trust's 700 Santana Row, a 319,000-square-foot class-A mixed-use office and retail building in San Jose.

The asset sold for $272,569 per unit.

One mixed-use project, Ameswell Mountain View, located on one of the last fully entitled development sites in Mountain View, has bucked that notion and recently broke ground.

The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.

Sales of homes priced in the $1 million to $3 million range continue to surge and one such development, Mira, will be located in the Transbay neighborhood with access to the new Salesforce Transit Center.

Earlier this week DCT Industrial's shareholders voted to approve the $8.4 billion transaction.

While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.

San Francisco prepares for enactment of the first large upzoning of the center of the city since the downtown plan was adopted in the 1980s, now oriented to produce more office space than new housing.