in Oakland — represent total sales volume of $296 million, a fraction of annual pre-pandemic office investment activity, according to data from real estate services firm CBRE. There were no sales in the San Jose CBD.
The data show that central business districts continue to be hardest hit by remote work, with fewer employees wanting to commute to downtown areas.
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Silicon Valley home values drop 3.3% in November, most in the nation - Silicon Valley Business JournalSan Jose has seen a sharp decline in home values since they peaked in April at nearly $1.7 million.
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University of San Francisco moves ahead with first major expansion of academic space in more than a decade - San Francisco Business TimesThe university had long discussed acquiring a blood donation center across the street from its main campus. Now plans are underway to convert the space for USF's use.
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