San Jose
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.
Old Adobe Management Sells $26M CA Community
Acting on behalf of the seller, Levin Johnston brokered the record-breaking price-per-unit sale of Velocity at Lawrence Station, which commanded $465,250 per apartment.
Silicon Valley Senior Housing Trades Hands
Previously owned by Capitol Seniors Housing, the 97-unit Fremont Hills provides 76 assisted-living units and 21 memory-care units.
Western National Group Breaks Ground on San Jose TOD
The Platform, located near a planned BART rapid transit station, will feature 551 units and approximately 37,500 square feet of retail space.
Jobs, Population Growth Sustain Demand in San Jose
A competitive economy is keeping the metro’s unemployment rate down. With Silicon Valley continuing to expand, demand for rentals is likely to remain healthy, albeit less frothy.
Hudson Cos. Snags $64M for San Jose Mixed-Use Project
Vespaio is a seven-story mixed‐use project with 162 units and 39,042 square feet of retail and commercial space.
Tallest San Jose Development Breaks Ground
Bayview Development Group’s Miro, a 28-story luxury community, will feature more than 600 residential units. The project is expected to be completed by 2020.