Friday, August 21, 2015

Real Estate: New office complex planned for north San Jose

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Friday, August 21, 2015
Real Estate
 New office complex planned for north San Jose


New office complex planned for north San Jose
A new office campus of 1.1 million square feet is being planned for north San Jose on Zanker Road, and the site is big enough that it could land major tech tenants such as Apple and Broadcom.

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7 years after housing bust, 'boomerang' buyers returning to market
Seven years after the real estate bust, many who lost their homes have rebuilt their credit and are back in the market. Experts say these boomerang buyers will be an important segment of the real estate market in the coming years.

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Menlo Park: Big downtown project gets OK
The first big project since the city instituted new rules three years ago for downtown development received the go-ahead this week, but only after much nitpicking over small details.

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Bay Area real estate: Busiest summer since downturn
Coming off a hot June, July sales for the nine-county Bay Area reached a 10-year high for that month, as deals were cut for 6,765 single-family homes.

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Santa Cruz renters find online listing too good to be true
Sara Jansen spotted the rental listing July 21 on Craigslist: Large group living opportunity, 12 bedrooms, 3 bathrooms, 1309 High St., one-quarter mile from the University of California Santa Cruz campus. Rent: $945 per month per room.

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Single-family houses fuel gains in U.S. homebuilding in July
U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.

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More millennials stuck renting for years before buying home
Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.

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Priced out of Bay Area hometowns, blacks return on Sundays for church
As African-Americans are increasingly priced to the outskirts of the Bay Area, many of them -- at least initially -- come back on Sundays unable to cut ties with churches that bind them to their hometowns and families.

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Palo Alto: Developer disappointed by call for fines
The developer behind a revamp of Edgewood Plaza says he is disappointed some residents have called for fines until a defunct grocery store there is replaced.

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'Doghouses' for homeless create uproar in Los Angeles
A citywide movement in Los Angeles to build tiny houses on wheels for the homeless rolled into San Pedro this month, sparking an uproar among critics who charge that the doghouse-like wooden structures are not only eyesores but will quickly become a haven for crime.

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Marin town bans short-term rentals, including AirBNB and VRBO
Vacationers wishing to visit Richardson Bay will soon find a gap in short-term rental offerings now that Tiburon has joined Sausalito in banning rentals fewer than 30 days.

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Gilroy: Hundreds of low-income residents overpaid property taxes for years
Hundreds of low-income Gilroy homeowners have been overpaying their property taxes for years because of a flub in communication that didn't let assessors know about the discounted value of subsidized homes.

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Nonprofit organization makes offer to buy Palo Alto mobile home park
The Caritas Corp. submitted a written offer on Aug. 6, said Santa Clara County Supervisor Joe Simitian. The bid followed a July 29 meeting at his office between Robert Redwitz, CEO of the Irvine-based nonprofit organization, and Joe Jisser, whose family owns the property.

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Menlo Park: Developer to pay $303,967 in-lieu of building BMR unit
How much is one below-market-rate housing unit in the city worth? Just over $300,000, according to the Housing Commission.

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Who sold what, published Aug. 15, 2015
Residential transactions in Santa Clara, San Mateo and Santa Cruz counties, published Aug. 15, 2015.

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San Jose Mercury News
   

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