Author: Agggregated News

WeWork emerged from bankruptcy Tuesday after renegotiating 190 leases and exiting 170 locations. Commercial real estate veteran John Santora will replace David Tolley as CEO. Tolley led the company through a tumultuous period of financial restructuring. WeWork, the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday, and named Cushman & Wakefield executive John Santora as its new CEO. WeWork filed for Chapter 11 bankruptcy protection in November, with total debts of $18.65 billion against assets of $15.06 billion. The Covid pandemic, which led to…

Not one, but two streets in San Francisco were named in a recent ranking from Architectural Digest listing the “most beautiful streets in the world.” The popular publication listed 71 locations, with Lombard and Steiner streets making the cut. Here’s a look at what Architectural Digest said about Lombard Street: “San Francisco’s Lombard Street has become one of the city’s most visited sites. Tourists often gather to watch as drivers make their way through the hairpin turns. Completed in 1922, the street was designed to slow cars down on its steep…

Not one, but two streets in San Francisco were named in a recent ranking from Architectural Digest listing the “most beautiful streets in the world.” The popular publication listed 71 locations, with Lombard and Steiner streets making the cut. Here’s a look at what Architectural Digest said about Lombard Street: “San Francisco’s Lombard Street has become one of the city’s most visited sites. Tourists often gather to watch as drivers make their way through the hairpin turns. Completed in 1922, the street was designed to slow cars down on its steep…

June 11, 2024 Accessory dwelling units or ADUs are among the hottest real estate trends in California, providing a possible solution to the state’s housing crisis. But according to a new study by Stanford indicates a lot of these so-called “backyard homes” are being built illegally. Researchers used satellite imagery from San Jose and found that of the 1,300 ADUs built between 2016 and 2020, an estimated 1,000 were built without permits. The study is meant to address equity issues as some builders work in the shadows to create housing…

Krista DeWeese of Fremont at her apartment on Thursday, June 6, 2024. Salaries in the tech sector in the Bay Area decreased by 15%, the biggest drop in the nation. But the Bay Area still has the highest tech salaries of any Metropolitan Area. DeWeese has been laid off 4 times in 8 years, and struggles to keep up with the cost of living in the Bay Area as her salary has shrunk. (Dai Sugano/Bay Area News Group) Krista DeWeese has been laid off four times in the last eight…

Krista DeWeese of Fremont at her apartment on Thursday, June 6, 2024. Salaries in the tech sector in the Bay Area decreased by 15%, the biggest drop in the nation. But the Bay Area still has the highest tech salaries of any Metropolitan Area. DeWeese has been laid off 4 times in 8 years, and struggles to keep up with the cost of living in the Bay Area as her salary has shrunk. (Dai Sugano/Bay Area News Group) Krista DeWeese has been laid off four times in the last eight…

SAN JOSE — Though a big office building in San Jose has been bought for slightly more than its prior price, the $30 million-plus deal hints at a brutal real estate market in the Bay Area. Blue Owl Real Estate Capital, through an affiliate, paid $35.5 million for the office building at 1010 Rincon Circle, documents filed on June 10 at the Santa Clara County Recorder’s Office show. The Chicago-based real estate firm bought the building through an all-cash deal. The price Blue Owl Real Estate paid is 8.9% higher…

(Google Maps) 1010 Rincon Circle, an office and research building in north San Jose. SAN JOSE — A big office building in San Jose has been bought for slightly more than its prior price — yet the $30 million-plus deal nevertheless hints at a brutal real estate market in the Bay Area. Blue Owl Real Estate Capital, through an affiliate, paid $35.5 million for the office building at 1010 Rincon Circle, documents filed on June 10 at the Santa Clara County Recorder’s Office show. The Chicago-based real estate firm bought…

Completed in 2023, units at The Rise Walnut Creek have washers and dryers, white oak wide plank flooring, stainless-steel appliances, and large windows. Community amenities include a landscaped roof deck, fitness center, walk-in storage lockers, and a subterranean parking garage with electric vehicle charging stations. Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Rise Walnut Creek, a 97-unit multifamily property with 8,000 rentable square feet of retail space in Walnut Creek, California. “Walnut Creek’s suburban setting and lifestyle amenities make it one of the San…

Gen Z renters living in the Bay Area are on track to spend up to $300,000 in rent by the time they reach age 30.  If that sounds like a lot, it is. That amount is about double what the average Gen Z renter nationwide will spend, according to a new study by RentCafe that looks at how much this generation will pay for housing during the eight-year span from age 22 to 29 compared to what their Millennial predecessors paid during the same time frame when they were that…