Author: Agggregated News

(George Avalos/Bay Area News Group) Chris Hagen (left), Ritchie Asset Management Co. chief executive officer and partner; and Mark Ritchie (right), the company’s partner and co-founder, talk outside the offices of Ritchie Commercial, a real estate firm located at 34 West Santa Clara Street in downtown San Jose on June 3, 2024. SAN JOSE — A savvy real estate firm that has withstood the ups and downs of multiple economic cycles has hired an industry veteran to bolster its property management expertise as Bay Area leasing activity fades. Ritchie Asset…

SUNNYVALE — A huge Sunnyvale tech campus has been bought for roughly $100 million in a deal that shows interest in Silicon Valley real estate — yet also underscores the Bay Area office market’s feeble state. The seven-building tech complex in Sunnyvale was bought for $100.8 million by an affiliate linked to Tidewater Capital, according to documents filed on June 3 with the Santa Clara County Recorder’s Office. Sunnyvale tech campus consisting of seven office buildings near the corner of De Guigne Drive and Stewart Drive, shown within the outline.…

(Google Maps) 935 Stewart Drive, an office and research building that is part of a seven-building tech campus in Sunnyvale. SUNNYVALE — A huge Sunnyvale tech campus has been bought for roughly $100 million in a deal that shows interest in Silicon Valley real estate — yet also underscores the Bay Area office market’s feeble state. The seven-building tech complex in Sunnyvale was bought for $100.8 million by an affiliate linked to Tidewater Capital, according to documents filed on June 3 with the Santa Clara County Recorder’s Office. Sunnyvale tech…

Cashed up celebrities making big property moves can attract plenty of attention, but real estate experts say it could even push up home prices. Call it star power, or the celeb factor, but the impact famous buyers have on real estate prices is undeniable according to seasoned property professionals. Lloyd Edge, buyers agent and director of Aus Property Professionals said cashed up celebrities are prepared to pay top dollar, attract plenty of buzz around certain neighbourhoods and can create notable changes in a community. “If someone famous moves into an…

(George Avalos/Bay Area News Group) 79-81 East San Fernando Street, a two-story burned out building that is the site of the historic Lawrence Hotel in downtown San Jose, June 2024. SAN JOSE — A San Jose councilmember has embarked on a quest to tackle what appears to be a worsening affliction of blight and decaying buildings in the Bay Area’s largest city. The burned-out second floor of the Lawrence Hotel, a historic building at 79 East San Fernando Street in downtown San Jose, as seen in April 2024. (Jim Salata) The…