After stabilizing for much of the year, Palo Alto office rents are closing out the year on an up note, according to a new infographic from JLL.

The city, considered one of Silicon Valley’s most desirable office markets, has seen rents overall climb 49 percent since the start of 2010, JLL says. The number for less-swanky Class B product? That’s zoomed even more, up 114.4 percent, JLL says.

Read the full story in the Silicon Valley Business journal here.

San Jose’s Diridon Station Area Plan is officially a go.

Article from Silicon Valley Business Journal

The San Jose City Council on Tuesday unanimously approved the new land-use guide for the 250-acre area centered on Diridon Station, the city’s biggest transit hub. The plan was slated for approval earlier this month, but council members delayed taking action until this week to go over some last-minute changes.

The plan hasn’t gotten a lot of coverage, but it’s a big deal for the long-term future of the area, which is just opposite downtown on the other side of Highway 87.

Read the rest of the story at Silicon Valley Business Journal.

“We are in an outright boom; the strongest place in America.” Those were the resounding words spoken by Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at the Haas School of Business of the University of California, Berkeley, as he opened the center’s 19th annual conference, Monday, April 28, describing the state of the Bay Area real estate market.

The information presented at the event summarized the state of the national economy, with special emphasis on the regional figures, as well. But it was the assessment of the real estate industry that most of the attendees of the event wanted to hear. Unsurprisingly, the region checked in as healthy as one would expect.

Read the full story at The Registry.

The Carlyle Group is buying Lincoln Court, one of the few higher-end office complexes in Campbell, in a deal rumored to be roughly $41 million, or $335 per square foot. Principal Global Investors is the seller.

Campbell is a market with limited inventory, and brokers say the West Valley city is poised to pick up as tenants get pushed out of nearby markets such as Los Gatos, where Netflix has continued to gobble up space. In a sign of bullishness on the market, Carlyle is raising asking rents at the 124,000 square foot, courtyard-style building located at 2105 S. Bascom Ave. to $3.75 per foot, full service.

Read the full story in the Silicon Valley Business Journal.