Emily Landes

New York, San Francisco

Senior Reporter at The Real Deal

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Articles

Side by Side: City Real Estate acquires Generation Real Estate

2 days ago | therealdeal.com | Emily Landes

Side’s biggest San Francisco agency City Real Estate, has acquired another top Side firm: Generation Real Estate. Generation, founded by Lamisse Droubi and headquartered in Noe Valley, will come under the City Real Estate brand, which is headed by David Cohen. Both Cohen and Droubi were on The Real Deal’s list of top agent teams in the city in 2024 and the combined agencies will now have 67 agents who recorded over $814 million in sales volume across 460 transactions in 2024.
Nvidia spends $123M for Santa Clara campus

3 days ago | therealdeal.com | Emily Landes |Abigail Nehring

Nvidia’s $123 million office buying binge led the Bay Area headlines this week. In another indication that artificial intelligence is pushing the local office recovery, the circuit-maker paid cash for a 10-building 13-acre office and research campus in Santa Clara across the street from its eight-building 550,000-square-foot headquarters, which it bought a year ago for $374.3 million.
One in three distressed borrowers handing back buildings, experts say

5 days ago | finance.yahoo.com | Emily Landes

More and more borrowers are handing over the keys to their distressed buildings, according to panelists at the IMN Distressed CRE West Forum in San Francisco this week, leaving their lenders with no court fight to foreclose but often a “pretty messy” clean up job filled with potential pitfalls and liabilities.
Downtown Oakland’s buildings “essentially have to go bankrupt”

6 days ago | therealdeal.com | Emily Landes

Uptown Oakland’s commercial recovery is outpacing downtown’s, spurred on by desirable outdoor amenities and increased foot traffic, as well as an emphasis on residential development during the previous cycle, according to agents and owners. “I think you just have a little bit better of an urban fabric here,” said Isaac Abid, founder of Lakeside Group, who owns properties Uptown and Downtown.
Celeb skincare CEO, tech exec sell home for $52M in Bay Area’s biggest resi sale of the year

1 week ago | therealdeal.com | Emily Landes

It was a week of big trades in the Bay Area, on the residential and commercial front. The Real Deal broke the news on the Bay Area’s biggest home sale of the year, a $51.5 million sale in the country’s priciest zip code and among the biggest home sales ever for the Peninsula.
Goodwill Silicon Valley opens first outlet store

1 week ago | therealdeal.com | Emily Landes

Goodwill Silicon Valley is opening a 25,000-square-foot outlet store in San Jose today, with plans to open more new retail spots in the future. This is the first time the nonprofit has tried out the by-the-pound approach to sales in its nearly 100-year-history, according Chris Baker, CEO of Goodwill of Silicon Valley, but it has high hopes. “Customers like this model and other Goodwill organizations across the country have implemented them to great success,” he said.
“Sexy” Atherton home sells just over $32M asking

1 week ago | therealdeal.com | Emily Landes

A $32 million Atherton listing sold for $100,000 over the asking price after multiple offers came in for the “sexy” new-build property, according to its listing agent, Mara McCain of The Agency. The Beverly Hills-inspired seven-bedroom, ten-bathroom from Alamo-based Ony Homes set a new record for a one-acre property in Atherton’s West of the Alameda neighborhood, she added.
Tech industry homebuyers seek bank for discount mortgages, warm cookies

1 week ago | therealdeal.com | Emily Landes

When Bay Area start-up founders walked into a First Republic branch, they used to count on a few notable niceties, like immediate service or, at a minimum, cushy chairs to wait in until their personal banker greeted them by name, and an open layout where glass dividers never separated lenders from clients during transactions, even simple withdrawals or deposits. And, there were freshly baked cookies.
Defense Department invests $80M in Hayward bioindustrial manufacturing site

2 weeks ago | therealdeal.com | Emily Landes

Even amid headlines on government cutbacks and short lists of possible federal building sales, the U.S. Department of Defense is investing at least $80 million to turn a 25,000-square-foot Hayward property into a pilot site for bioindustrial manufacturers. That’s according to a press release from BioMADE, a public-private partnership created by the department in October 2020 to build up the domestic bioindustrial manufacturing industry.
New Bulgari flagship opens in SF’s Union Square with smaller footprint

2 weeks ago | therealdeal.com | Emily Landes

It’s official. Bulgari has moved into its new flagship store in San Francisco, cutting its retail presence in Union Square by 41 percent. The Rome-based luxury retailer has opened a 3,500-square-foot store at the historic Hastings Building at 206 Grant Avenue, the San Francisco Chronicle reported. Terms of the lease with London-based Grosvenor were not disclosed.