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ntel sold its 37,800‑sq‑ft industrial/commercial building at 1501 Martin Ave., Santa Clara, to DiNapoli Family LP for $10 million, per records filed Nov. 7. The Bay Area developer, led by John DiNapoli, plans to renovate the site and lease it, noting a preference for Santa Clara assets.

    The transaction follows Intel’s cost‑cutting push, which has included layoffs in the South Bay and Sacramento. CBRE brokers—Nick Whitstone, Andy Trillo, Taylor Huyghue, and Ian Halker—closed the deal, while Brian Matteoni is now marketing the property.

    DiNapoli Family LP has long operated in the Bay Area market, having sold a San Jose parcel to Adobe in 2018 and later acquired a parking lot at 95 South Almaden Ave. The firm also sold a downtown San Jose site at 200 Park Ave. to Jay Paul Co., which became a notable office tower.

    “Acquiring 1501 Martin fits our core industrial portfolio,” DiNapoli said. “We have extensive experience managing similar properties and are confident in the building’s potential.”