San Jose
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.
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.
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.
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.
Downtown San Jose Community Sells for $13M
Levin Johnston has brokered the sale of First Street Manor, a property located in downtown San Jose, within two miles of the city’s future Google Village.
South Bay Luxury Community Sells for $107M
TH Real Estate has acquired a newly constructed 186-unit asset located in Santa Clara, Calif. Designed by KTGY Architecture + Planning, the property came online in the spring of 2017.
Upscale Units Drive Rent Growth in San Jose
The metro’s affordability issues are likely to continue, since multifamily developers are focusing on high-end assets, which are more profitable than working-class units.
Palo Alto Community Changes Hands
Levin Johnston has brokered the sale of the property on behalf of the seller, an international owner and represented the buyer, a local investor.
JEMCOR Breaks Ground on $60M CA Property
The 171-unit Ageno Apartments is part of the larger Vineyard Crossing, a 34.5-acre master-planned community comprising 465 single-family homes, townhomes and apartments.
Affirmed Housing Breaks Ground on San Jose Community
The project will be developed for formerly homeless individuals and include a temporary housing section, which will accommodate 20 people waiting for permanent housing.