Marcus & Millichap Arranges $7M Sale of Retail Center in San Jose, California
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- The 172nd San Francisco story tracked on the wire in September 2026. All San Francisco coverage →
- Disclosed retail deal value tracked in September 2026: $5.2B across 86 reported transactions. All Retail coverage →
- 150 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Capital Commercial Center, a retail property in San Jose. A partnership sold the asset to a California-based limited liability company for $7 million, or…
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