It is no surprise that Bay Area downtown office markets have some of the best views in the country, but those views come at a price that is particularly hefty in San Francisco, Oakland and increasingly, San Jose, says JLL's Skyline report.

The firm, which is the master developer for the City of New Rochelle's downtown redevelopment program with partner Renaissance Downtowns, is proposing to build a twin, 28-story mixed-use project at the Church-Division parking lot site in Downtown New Rochelle.

Investors are targeting San Antonio apartment assets for higher yields as vacancy tightens and rents rise, with a recent example being the acquisition of well-located Crescent at Alamo Heights for $37 million.