2012 Mirrored Every Bit The Sluggish Recovery That CoStar Economists Predicted, But There Were a Few Surprises Along The Way. Tenant demand for office space ended 2012 on a strong note as occupancy gains spread across a broadening array of U.S. markets, opening the door for widespread rental rate increases this year, CoStar Group reported in the company's Year-End 2012 Office Review & Outlook. Read the full story on CoStar here.     … [Read more...]

The San Jose City Council on Tuesday is poised to take one of its most important environmental votes in decades on a plan that over the next 50 years would protect habitat for endangered species even as development continues. This is a big deal for development projects here in Silicon Valley. The plan could increase costs for some projects, but it could also help streamline the environmental permitting process and provide a bulwark against CEQA challenges. Read the full story in the San Jose Mercury News here. … [Read more...]