Multifamily news in San Jose
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Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.
13 February 2019 14:07 -
2 Bay Area Properties Trade for $20M
The assets add up to 58 units and are both located close to several large tech employers. Levin Johnston brokered the transactions.
12 February 2019 11:43 -
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
07 February 2019 15:22 -
Multifamily San Jose Report – Winter 2019
Bolstered primarily by the tech sector, San Jose’s employment growth has been solid, hovering around the 3.0 percent mark all year long and hitting 3.3 percent last September.
31 January 2019 13:41 -
Luxury Silicon Valley Community Trades for $110M
Institutional Property Advisors brokered the sale of the 238-unit upscale asset located in San Jose on behalf of the seller, Cityview.
16 January 2019 10:32 -
Bank of America Provides $25M for Bay Area Refi
The loan retires a prior, $30 million CMBS mortgage from late 2008, which had been set to mature in January.
17 December 2018 14:31 -
Decron Properties Buys San Jose Apartments
The partially affordable property last changed hands in 2012, when Greystar purchased the 208-unit community from Invesco for nearly $60 million.
17 December 2018 14:10 -
Silicon Valley Community Sells for $17M
A Northern California-based development company sold the property to a private investor. The 32-unit community is situated in Palo Alto, Calif.
03 December 2018 20:17 -
Wildfires’ Impact on California Housing
With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.
14 November 2018 16:30 -
San Jose Luxury Community Trades for $104M
Republic Urban Properties sold the 2015-built, 218-unit asset located within a mile of downtown. HFF represented the seller and procured the buyer.
17 October 2018 07:19 -
Standard Communities Upgrades San Jose Senior Housing Community
The affordable housing division of Standard Cos. renovated Villa de Guadalupe Apartments, preserving the property’s affordability. The three-story asset serves low-income seniors.
01 October 2018 06:47 -
Tech CU Funds Luxury San Jose Development
Cypress Group received $20.5 million in financing for the construction of the apartment building located in the Willow Glen neighborhood.
18 September 2018 08:49 -
San Jose Prices Out Many Residents
The metro’s lack of housing affordability continues to hinder population growth, as Silicon Valley’s multifamily market commands some of the highest rents in the nation, while the area’s median home price is approaching the $1 million mark.
27 August 2018 12:38 -
The Story of MIRO: San Jose’s Tallest Development
Bayview Development Group's Ted McMahon unveiled the story behind San Jose’s tallest residential project and explained how it will impact the city's multifamily market. Mike DiNapoli of Suffolk Construction revealed why MIRO is part of the "build smart" trend.
08 August 2018 12:11 -
Greystone Provides $71M for San Jose Community
The company facilitated a Fannie Mae DUS loan for 251 Brandon St., which includes a 10-year fixed rate, eight years of interest only and a 30-year amortization period.
10 July 2018 16:29