News Real Estate

New Home Listings Down 44.1%

SANTA CLARA — Newly listed homes dropped 44.1% nationally in April — historically one of the busiest months for residential real estate — an indication sellers decided to wait and see how market conditions play out over the coming months, according to realtor.com’s April Monthly Housing Trends Report. The report offers the first full month […]

News Real Estate

Millennials Taking On More Mortgages

SANTA CLARA — Home search website Realtor.com has released new survey data revealing members of the millennial generation have increased their home buying purchase power and now boast the largest share of new home loans by dollar volume, larger than both Generation X and the baby boomer generation. These insights, based on a realtor.com analysis […]

News Real Estate

San Jose Now Most Expensive Housing Market

The San Jose metro area has the highest home prices in the nation according to the National Association of Realtors with San Francisco not far behind. The five most expensive housing markets in the second quarter were the San Jose, California metro area, where the median existing single-family price was $1,405,000; San Francisco–Oakland–Hayward, California, $1,070,000; Anaheim–Santa Ana–Irvine, California, $830,000; urban Honolulu, $795,200; and San Diego–Carlsbad, $645,000. […]

Real Estate

Bay Area Has 3 of Top 10 Luxury Home Markets

SANTA CLARA — Three California Bay Area markets — San Mateo County (Redwood City), Marin County (San Rafael), and Santa Clara County (San Jose) — are among the top 10 most expensive luxury markets in the country, with prices starting between $2.7 and $3.5 million according to realtor.com. Most notably, these three markets feature luxury prices continuing to accelerate and now rising at 12-13 […]

News Real Estate

Preferred Apartment Communities to Provide $137 Million Loan for SJ Development

  Preferred Apartment Communities announced that it closed on a loan investment of up to $137.5 million for a new real estate development in Silicon Valley. The investment is in connection with the development of a 551-unit Class A multifamily community with approximately 39,000 square feet of retail space in San Jose.  The property is located near US […]

Real Estate

Median California Home Price at $555,410 in September

  The median home price in the state of California was $555,410 in September with sales up 1.7% from last year, according to data from the California Association of Realtors (C.A.R.). Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the past 18 months and totaled a seasonally adjusted […]

Real Estate

Knox Condo Sales Launch With 20% Pre-Sold

  SAN FRANCISCO — Trumark Urban’s Knox, a mixed-use residential development with 91 condominium residences adjacent to the heart of Dogpatch neighborhood in San Francisco, has officially opened for sale. The homes are already 20% sold after selling to a small group of pre-release registrants. The only for-sale condominiums in Dogpatch, and priced from $700,000, Knox […]

Real Estate

Median Bay Area Home Price $723,750 in January

  The median price of a home in the Bay Area was $723,750 in January according to data provided by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 420,100 units in January, according to information collected by C.A.R. from more […]

News Real Estate

31% of Californians Can Afford Median-Priced Home

  LOS ANGELES – Rising wages and seasonal price declines held California’s housing affordability steady in fourth-quarter 2016, even while interest rates rose moderately, according to a report by the California Association of Realtors (C.A.R.). The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in fourth-quarter 2016 […]

Real Estate

Construction Begins on 700 Santana Row

  SAN JOSE — Federal Realty Investment Trust (FRT) announced the start of construction on 700 Santana Row, a 284,000 square-foot office building set on a signature plaza with a sweeping design that anchors the end of Santana Row, Silicon Valley’s iconic mixed-use neighborhood. The state-of-the-art, eight-story structure at Santana Row at Olsen Drive features […]

Real Estate

Lowe Properties Buys San Jose Office Building

  SAN JOSE — Lowe Enterprises Investors (LEI), in a joint venture with Vista Investment Group, has acquired a 92,864-square-foot office/research and development building at 2581 Junction Avenue in San Jose. LEI’s affiliate, Lowe Enterprises Real Estate Group (Lowe) provided local acquisition and leasing services and will operate the property. Thinfilm Electronics, Inc. has signed […]

Deals Real Estate Stores

Donahue Schriber Buys Westgate West Shopping Center

  SAN JOSE — Donahue Schriber Realty Group, a West Coast owner, operator, and developer of neighborhood, community, and power shopping centers announced the off-market acquisition of Westgate West Shopping Center located at the corner of Lawrence Expressway and Prospect Road in San Jose. The purchase price was not disclosed. The 233,813 square-foot retail property is […]

Real Estate Stores

City Center Realty Buys 220 Post St. in SF Union Square

  SAN FRANCISCO — City Center Realty Partners, LLC (CCRP), a San Francisco-based real estate investor and developer, in a partnership with Angelo, Gordon & Co., has acquired 220 Post Street, a five-story plus lower level flagship retail building situated in the heart of San Francisco’s Union Square shopping district. The property provides prime retail frontage along one […]