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Short cuts. Power Outage In 2010 the Trans Bay Cable was installed to transmit electricity from fossil fuel generating facilities located in the City of Pittsburg to San Francisco, in part to close Pacific Gas and Electric Company's Potrero Power Plant, now site of The Power Station development. The undersea cable typically conveys upwards of 40 percent of the City's electricity supply. However, it's been placed offline this summer, to repair damage caused by underwater erosion, which has exposed parts of the buried 53-mile-long cable on the bay floor, according to its owner, NextEra Energy Transmission, LLC. In some places, the cable has dropped as much as 15 feet from its original burial depth. Repairs involve installing new protective sleeves and nine- to 12-inch-thick concrete coverings. So far PG&E ratepayers have paid roughly $2.2 billion to fund the Cable, money that may have been better invested in local energy sources, such as photovoltaics, batteries, energy efficient appliances, and demand flexibility programs. Leastwise these resources would be easier to fix when they broke down. Pricey Portrait District 10 Supervisor Shamann Walton agreed to pay $4,500 in penalties after municipal ethics investigators found he illegally accepted an expensive painting of himself and voted on a lucrative contract for a nonprofit that'd paid for his travel. The settlement was reached between Walton and the San Francisco Ethics Commission more than a year after the San Francisco Chronicle reported that Walton had received the portrait from Urban Ed Academy. The painting cost $5,500; far more than the $590 gift value Walton was allowed to accept. Reimbursement is also linked to Walton voting to increase a contract for Bay Area Community Resources by nearly $4.8 million shortly after the nonprofit paid $1,679.30 for him to attend a conference in Colorado...Last month a candidate to replace Walton, Theo Ellington, was endorsed by the San Francisco Democratic Party. Vander-art Jensen Huang, Nvidia's chief executive officer and the world's seventh-richest man, gifted $75 million to create an art school within Vanderbilt University's Design District campus. The Jen-Hsun and Lori Huang College of Art, Architecture and Design at Vanderbilt University-San Francisco will replace the California College of the Arts, which'll close at the end of the 2026-27 academic year. The college plans to offer undergraduate and graduate programs, alongside community and precollegiate offerings. According to Vanderbilt, undergraduate degrees will be grounded in intensive studio practice, apprenticeships, and internships to connect the campus to San Francisco's cultural and "innovation ecosystems;" graduate programs will be studio-centered and research-oriented. Robot Square Amazon Robotics has leased a 250,000-square-foot space at 650 Townsend Street from property owner Beacon Capital Partners. The Massachusetts-based division develops autonomous robots and automation systems for Amazon's warehouse network. Amazon Robotics is located next door to Scale AI, with 180,000 square feet in the same building, formerly occupied by Airbnb. Showplace Square is emerging as an AI hub, with Together AI at 2 Henry Adams Street, Physical Intelligence nearing 60,000 square feet at 808 Brannan Street, and Sam Altman's Tools for Humanity occupying 82,000 square feet at 600 Townsend Street East. More Berths Brookfield Properties wants to increase Pier 70's density and height on its 28-acre enclave by roughly 28 percent, from 2,150 to 2,750 residences. The new plan, which includes adding two stories on multiple residential buildings, raising the structures' height from 70 to 90 feet, the maximum allowed under a 2015 ballot initiative, must be approved by the Port Commission and the Board of Supervisors. According to Tim Bacon, Brookfield Properties' vice president of development, the changes could allow the company to break ground next year on the first housing complex, a 350-unit apartment building slated for the evocatively named, "Lot E2."

Massive $420M deal closes on Jersey City VYV Apartments. A massive $420 million real estate deal has officially closed for the prominent VYV Apartments located right here in Jersey City. This major transaction involves a joint venture between Aker Holdings and G&S Investors acquiring Brookfield Properties' entire 50 percent stake in both the north and south towers. As its vibrant municipality continues to evolve, massive investments like this highlight the sheer strength of its local housing market. If you are looking to explore more about its local roots during your visit, you can read up on Jersey City history to see how far Destination Jersey City has come. Experience Jersey City: Manhattan Views, Jersey Prices Easy booking across hundreds of accommodations from luxury high-rises to unearthed brownstone treasures. Inside the massive $420M VYV Apartments transaction. The gargantuan deal encompasses a sprawling 853-unit multifamily residential property situated in the heart of its bustling city. Financing for the transaction relies on a substantial $420 million, five-year fixed-rate and interest-only loan slated to close at the start of September. Major financial institutions Wells Fargo Bank and JPMorgan Chase Bank are teaming up to co-originate the significant financing note. Alongside $150 million in sponsor equity, these loan proceeds will effortlessly clear out $355 million in existing debt while covering closing expenses. A closer look at the towers. The striking two-building community proudly features twin 36-story high-rises that were thoughtfully constructed in phases between 2017 and 2020. This dynamic residential property forms an integral part of the much larger 18-acre Hudson Exchange campus master plan. Discover Your Perfect Stay in Jersey City Find available hotels and vacation homes instantly. No fees, best rates guaranteed! Prospective tenants and visitors checking out things to do in the neighborhood will find a mix of studio, one-, and two-bedroom layouts. Additionally, the impressive complex incorporates roughly 24,600 square feet of dedicated ground-floor retail space. Affordable housing and luxury amenities. Importantly, a designated portion of this massive multi-phase development comprises 170 units specifically set aside for low-income housing options. This ensures that community growth remains balanced across diverse socioeconomic needs within its growing urban landscape. Residents living within the towers enjoy access to an incredible array of shared lifestyle amenities designed for modern convenience. Anyone mapping out a future visit should carefully plan your stay to experience this bustling neighborhood firsthand. Unmatched community features. The list of luxury perks available to tenants within the VYV complex is both extensive and thoroughly impressive. From sparkling swimming pools to dedicated coworking areas, everyday life here is designed for maximum comfort. Additional conveniences found on-site include professional pet spas and state-of-the-art fitness centers for health-conscious locals. Visitors who need help navigating the local transit grid can easily figure out getting around before booking a room at where to stay nearby. Looking ahead at local real estate trends. Real estate shifts of this magnitude serve as a clear indicator of sustained investor confidence in its local economy. Transactions of this scale often spark new waves of commercial growth throughout nearby blocks and transit hubs. Market analysts will undoubtedly keep a close eye on how this new ownership structure impacts future rental rates. Ultimately, the successful closing of this agreement solidifies its area's status as a premier Northeast destination. Discover Jersey City: Your Dream Getaway Awaits Find the perfect hotel or vacation rental. Instant booking, no fees!

Another downtown skyscraper acquired. HOUSTON - (Realty News Report) - The Wideman Company acquired the TotalEnergies Tower, a 35-story, 850,000-SF office tower located at 1201 Louisiana Street in the heart of Downtown Houston. The skyscraper, built in 1971, is home to The Petroleum Club, one of Houston's most storied private clubs. The club is located on the top floor of the building, which stands 518 feet tall. Wideman Company acquired the building from Brookfield Properties, which remains one of the largest owners of downtown properties. The Orlando-based Wideman Company is no stranger to Downtown Houston. In 2024, Wideman acquired the Jones on Main, a historic block of Jesse H. Jones buildings at 708 Main and 712 Main. "We have been actively looking for the right opportunity to make another significant investment in Houston since acquiring Jones on Main," said Matthew Wideman, CEO of The Wideman Company. "Houston continues to demonstrate the characteristics we look for in long-term investments: a globally significant economy, a deep corporate tenant base, and a downtown district that is seeing meaningful reinvestment and renewed momentum. TotalEnergies Tower represents a rare opportunity to acquire a premier asset with an exceptional location, institutional-quality tenancy, and a strong foundation for the future." The purchase price and details of the transaction were not disclosed, although at one time real estate professionals speculated that the tower could fetch $100 per SF. However, the property had been subject to a ground lease that impacts net income projections. A long-term hold. Wideman Company said TotalEnergies Tower, like the Jones on Main, is intended to be a long-term hold within The Wideman Company's portfolio. "We are generational owners who steward properties for decades," Wideman said. "Our approach is focused on investing in exceptional assets, building relationships with tenants and the surrounding community, and creating properties that remain relevant for generations." The TotalEnergies Tower is located on the block bounded by Louisiana, Dallas, Milam, and Polk streets, across from the Hyatt Regency hotel. "We are excited that The Wideman Company has made another significant investment signaling long-term confidence in the future of Houston's urban core," said Kristopher Larson, President and CEO of Downtown Houston+. "Private investment in vertical development is accompanying strategic public investments on the ground in infrastructure improvements and signature civic spaces, such as the Main Street Promenade and the reimagined Tranquility Park. More than $2.5 billion is flowing into Downtown this year alone and it remains Houston's most prestigious and powerful business address." In June, another downtown building was sold. The 542,919-SF building, 919 Milam, which was formerly the home of the Bank of Southwest, was sold to another Florida group that is considering converting the building to residential, according to an exclusive story in Realty News Report. It is is located on a block bounded by Travis, Walker, McKinney and Milam, about two blocks from the TotalEnergies Tower. TotalEnergies Tower, which is about 80% leased, is home to TotalEnergies' North American headquarters of the French energy firm. Ziegler Cooper Architects, a Houston-based firm led by Scott Ziegler, designed a recent renovation of the building. Downtown leasing potential. Wideman Company has engaged Vince Strake and Lesley Rice of Partners Real Estate to handle leasing of the TotalEnergies tower. Leasing activity has been increasing in downtown, according to most recent publication of "The Office Story," a proprietary research study conducted for more than 40 years by Downtown Houston+ Downtown leasing improved for the second consecutive year, totaling more than 2.4 million square feet in 2025, an 8.5% increase from 2024 and a 17.2% increase from 2023. "We are encouraged to find new leasing activity rose 18% year-over-year, while renewal activity remained a major driver of total transaction volume," said Larson of Downtown Houston+. "This indicates more tenants are recommitting to Downtown and more of them are expanding, as we now see individual return-to-office visits exceeding 90% of pre-pandemic levels." In July, Mitsubishi Corporation (Americas) has leased 91,761 SF in the 1100 Louisiana tower in one of the largest downtown office leases in recent years. Winfield Haggard Jr. and Diana Bridger, both of Partners Real Estate, represented the landlord, Fantome Tower LP, in the lease transaction. Tim D. Relyea, Executive Vice Chairman at Cushman & Wakefield, represented Mitsubishi Corporation (Americas). The 55-story 1100 Louisiana building was developed by Hines, Mitsubishi Corporation will occupy floors 31-34.