Long boosted by one of the country’s strongest economies, San Jose’s rent hikes have hit a ceiling, at least for now.
A $68.8 million construction loan will pay for the construction of an 885-bed student housing facility serving the University of California-Merced.
A joint venture of Carmel Partners and Merlone Geier Partners sold the 330-unit community in Mountain View, Calif.
Levin Johnston of Marcus & Millichap advised the private buyer to offer $40.5 million for the acquisition.
San Jose’s thriving tech sector is keeping Silicon Valley in the ranks of the country’s fastest-growing regions.
Z&L Properties Inc. is developing a two-tower, 640-unit luxury condo project in the downtown area.
JLL arranged the 10-year financing for the 172-unit luxury property in San Jose on behalf of Pacifica Enterprises.
The luxury residential property is located within walking distance to a future BART train station.
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.
Los Angeles, San Francisco and San Diego hold the top spots for LEED-certified multifamily properties in California through the past 12 months.