San Jose

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.

Silicon Valley Project Scores $41M Construction Loan

Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.

Inside the Bay Area’s Dynamic Investment Market

There has been some cooling of price and income expectations, but buyers are still enthusiastically grabbing up San Francisco and Silicon Valley multifamily. Levin Johnston’s Robert Johnson and Adam Levin shed light on this trend and others.

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.

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.

California Expands Affordable Housing Finance Incentives

The new program aims to incentivize affordable housing development for residents with a mix of incomes.

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.