A historic mansion in San Francisco’s Pacific Heights neighborhood has sold in a private, off-market transaction for $56 million, according to public property records. The sale marks the city’s most expensive residential deal since a nearby property set a record in 2024, underscoring continued strength in the luxury housing segment. The property, located at 2898 Vallejo Street, was sold by a revocable trust linked to Daniel Alegre, a technology and media executive. The buyer was
A historic mansion in San Francisco’s Pacific Heights neighborhood has sold in a private, off-market transaction for $56 million, according to public property records. The sale marks the city’s most expensive residential deal since a nearby property set a record in 2024, underscoring continued strength in the luxury housing segment. The property, located at 2898 Vallejo Street, was sold by a revocable trust linked to Daniel Alegre, a technology and media executive. The buyer was
Silicon Valley’s commercial real estate sector is experiencing a period of striking contrasts, according to the latest quarterly analysis from Joint Venture Silicon Valley. The region continues to see both strong demand for leased space and a notable slowdown in new development, creating a complex environment for investors, developers, and employers. Between January and September 2025, developers added approximately 5.6 million square feet of new office and industrial space across
Silicon Valley’s commercial real estate sector is experiencing a period of striking contrasts, according to the latest quarterly analysis from Joint Venture Silicon Valley. The region continues to see both strong demand for leased space and a notable slowdown in new development, creating a complex environment for investors, developers, and employers. Between January and September 2025, developers added approximately 5.6 million square feet of new office and industrial space across