Bay Area mayors travel to China to promote economic strengths, attract investors – The Mercury News

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Newly shipped cars on the AMPORTS’ lot on Wilbur Avenue in Antioch, Calif., on Monday, May 20, 2024. AMPORTS is an automotive logistics and processing facility where cars are shipped from abroad for distribution. The Gen On energy plant is to the right. (Jane Tyska/Bay Area News Group) Businesses in China may have never heard of East Contra Costa County,… Read More

14 Cities in California To Buy Where Home Prices Are Dropping Significantly – GOBankingRates

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April 2024 Home Value: $774,262 YoY Percentage Change in Home: -4.51% YoY Dollar Change In Home: -$36,597 Located in the San Francisco Bay Area, just a heartbeat away from Berkeley, California, Emeryville is one of the area’s tiniest towns, at just 1.2 square miles. Though it’s smack dab beside wealthy neighborhoods, it appeals to people with a wider range of… Read More

14 Cities in California To Buy Where Home Prices Are Dropping Significantly – Yahoo Finance

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©Shutterstock.com California’s unique and wide range of beauty — from mountains great for skiing, to lakes, hiking trails and bustling cities — have long attracted people to live amidst its famed golden hills. However, with those qualities often come extremely high prices. Check Out: 7 Locations Where Housing Prices Are Plummeting Post-Pandemic Up Next: 4 Genius Things All Wealthy People… Read More

2 people hurt in blaze that destroyed 2 homes in SF’s Alamo Square – NBC Bay Area

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A fire in San Francisco’s Alamo Square neighborhood Tuesday destroyed two homes and left two people injured. The one-alarm fire ignited at about 11:30 a.m. in a building containing two homes in the area of Grove and Fillmore streets. It was later confirmed that one of the homes belongs to Terry Williams, an Alamo Square resident and dog walker who… Read More

California Housing Market Booms: Investor Purchases Are Soaring – Norada Real Estate Investments

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The California housing market has long been a complex beast, notorious for its soaring prices and fierce competition. After a period of relative quiet from investors, new data reveals a significant resurgence in their activity, particularly within affordable areas of the state. This trend has far-reaching implications for Californians hoping to become homeowners, potentially intensifying the affordability crisis. Investor Home… Read More

Home Construction Falls 10% Across the Bay Area – The Real Deal

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Housing construction across the Bay Area fell last year after two years of steady growth. Blame the increased costs of borrowing, labor and building materials. Permits in the five-county Bay Area fell 10 percent to 16,535 last year, from 18,457 in 2022, the San Jose Mercury News reported.  San Jose led the Bay Area in housing production, issuing permits for… Read More

Big Sunnyvale office complex is seized by lender as office woes widen – East Bay Times

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SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has suffered a foreclosure, suggesting the Bay Area’s office market remains feeble. Horizon Sunnyvale, known in commercial real estate circles as a “horizontal high-rise” due to its massive end-to-end length, has been returned to its lender. Housing development facade of a 315-unit residential project consisting of… Read More

Big Sunnyvale office complex is seized by lender as office woes widen – The Mercury News

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(Newmark/Peter Jograj) Horizon office complex on Oakmead Parkway in Sunnyvale. SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has been seized by its lender, a foreclosure that suggests the Bay Area’s office market remains feeble. Horizon Sunnyvale, known in commercial real estate circles as a “horizontal highrise” due to its massive end-to-end length, has… Read More