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San Francisco office tower sells at steep discount – NBC Bay Area

Agggregated News

A San Francisco office tower that once served as the headquarters for Burning Man and leasable office space for WeWork has been sold at an eye-popping discount. The new owner of the 15-floor David Hewes Building in the city’s Mid-Market neighborhood got it at 90% off the price it was last sold for in 2016. When it was first built in 1908, the building made headlines as one of the finest towers in the city. It sits just across the street from the Golden Gate Theater, but it’s also on…

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Mixed-use downtown San Jose housing tower may sprout on retail site – The Mercury News

Agggregated News

262-268 East Santa Clara Street, a retail site in downtown San Jose. A Lee’s Sandwiches outlet is at the left of the image and a restaurant is visible on the right. (Google Maps) SAN JOSE — A high-rise being eyed in downtown San Jose could sprout on part of a retail center site and add several hundred residences to the urban core of the Bay Area’s largest city. The 28-story tower could be built across the street from San Jose City Hall at the corner of East Santa Clara Street and…

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New Home Builders

90-unit affordable housing development opens in Sunnyvale – The Mercury News

Agggregated News

Meridian Apartments, a four story, 90-unit affordable housing development on Mathilda Avenue in Sunnyvale, Calif., celebrated its grand opening, Tuesday, April 23, 2024. (Karl Mondon/Bay Area News Group) Sunnyvale is now home to 90 units of new affordable housing. Local government and community housing leaders gathered on Tuesday for the grand opening of Meridian, which consists of seven townhomes facing Charles Street and a four-story multifamily building facing Mathilda Avenue, located near W. El Camino Real. A quarter of the units are set aside for households with people with intellectual…

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For Sale By Owner

Local business owners react to TikTok’s uncertain fate after Biden signs bill – NBC Bay Area

Agggregated News

President Joe Biden on Wednesday signed a bill that could lead to a nationwide ban on the popular social media app TikTok unless its Chinese-owned parent company sells it. Some Bay Area business owners who rely heavily on the app are concerned about their future earnings should a ban take effect. But TikTok’s CEO said Wednesday the company isn’t going anywhere and intends to sue. Bob Redell has the full report in the video above.

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New Home Builders

Bay Area housing complex lands key loan despite sour real estate scene – The Mercury News

Agggregated News

(Republic Urban Properties) Station 16 Apartments at 126 North Rollins Road in Millbrae. MILLBRAE — A big transit-oriented development has landed a crucial loan that will buoy the financial fortunes of a residential complex next to a BART station, the project’s developer said. Station 16 Apartments, located near the Millbrae BART station, landed financing to replace a previous construction loan for the apartment complex, according to Republic Urban Properties, the developer of the residences. The apartment complex consists of 320 market-rate units. “Despite the current challenges in the commercial real…

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