TOP STORYCommercial Real Estate
By Alex Douglas | November 12, 2026
Morgan Stanley Buys KLA-Leased R&D Building in Milpitas, Calif., for $84.1 Million
Morgan Stanley Real Estate Investing paid $84.1 million for a 189,481-square-foot Milpitas, Calif., R&D facility net-leased to chip-equipment maker KLA, extending a run of tech- and defense-linked buys.
By Alex Douglas | November 12, 2026
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Tight & affordableLow inventory and steady demand keep sellers firmly in control.
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Top-of-market bellwetherHigh prices and tech-driven demand set the pace for the luxury tier.
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Luxury resilienceCash and second-home buyers keep this coastal market strong despite high rates.
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