San Jose
San Jose Multifamily Report – Fall 2019
San Jose’s thriving tech sector is keeping Silicon Valley in the ranks of the country’s fastest-growing regions.
San Jose Community Lands $330M Loan
Z&L Properties Inc. is developing a two-tower, 640-unit luxury condo project in the downtown area.
Silicon Valley Community Scores $58M Refi
JLL arranged the 10-year financing for the 172-unit luxury property in San Jose on behalf of Pacifica Enterprises.
Stockbridge Pays $104M for Bay Area Property
The luxury residential property is located within walking distance to a future BART train station.
Downtown San Jose Project Scores $67M Financing
Acquity Realty Inc. has received the joint venture equity and construction financing for The Firestone, a 130-unit apartment community with retail space in the downtown SoFA District.
5 LEED-ing Multifamily Projects in CA
Los Angeles, San Francisco and San Diego hold the top spots for LEED-certified multifamily properties in California through the past 12 months.
Google Invests $50M in Silicon Valley Fund
The investment is part of the company’s previously announced $1 billion commitment to help fund affordable housing in the Bay Area.
California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.
Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.