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Construction of fraud-tied San Jose condominiums is nearly complete: court records – Silicon Valley

SAN JOSE — A San Jose condominium complex engulfed in a massive real estate fraud case is nearly complete, an achievement that clears the way for sales of the project’s condo units, court records show. The condo complex, located at 1821 Almaden Road in San Jose, is one of the Bay Area properties tied to a  South Bay real estate executive who, federal investigators claim in the court case, defrauded hundreds of investors. Condominium complex with 91 units located at 1821 Almaden Road in San Jose.(George Avalos/Bay Area News Group) …

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Redwood City moves to close Broadway to vehicles permanently – East Bay Times

Redwood City is one step closer to closing Broadway to vehicles permanently. Although the City Council unanimously voted to push the final vote until May 6, the delay was only to hear additional public comments on establishing the permanent pedestrian mall downtown between Jefferson Avenue and Main Street. “The city has found during the temporary street closure that the creation of pedestrian zones has added to the vitality and vibrancy of downtown Redwood City,” city staff said in a report. Questions revolved around minor details on crosswalks and aesthetic improvements,…

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Amid the fentanyl epidemic, California bill aims to create more drug-free homeless housing – The Mercury News

Sheenia Branner, program manager for the Recovery Survival Network, runs the sober-living Norma Hotel helping people coming out of the criminal justice system, Thursday, April 11, 2024, in San Francisco, Calif. She lost her mother, Gwendolyn Bryant, when she overdosed and died in a supportive housing site where residents used drugs. (Karl Mondon/Bay Area News Group) Gwendolyn Bryant died of a fentanyl overdose when she was supposed to be celebrating her granddaughter’s 15th birthday. When Bryant didn’t show up to the party, her daughter, Sheenia Branner, was angry. Branner assumed…

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New Home Builders

S.F. housing market: Still very few homes, selling even faster – San Francisco Chronicle

It’s still a tough time for buyers and sellers in the S.F. real estate market. Liz Hafalia/The Chronicle The Bay Area housing market is heating back up — but not by much, with the mortgage rate drops that many home buyers were awaiting showing little sign of materializing anytime soon. More homes in the San Francisco metropolitan area are selling this year compared to early 2023, and properties are entering the market slightly faster. But those numbers are still far lower than they were prior in 2021 and 2022, and behind…

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Post wins at Hang Seng University’s 8th Business Journalism Awards – South China Morning Post

Reporters of the South China Morning Post won gold in two award categories at the Hang Seng University’s 8th Business Journalism Awards. The Post’s veteran journalist Enoch Yiu won gold in Best Greater Bay Area Business News Reporting with her August 12 feature about how China’s fledgling Wealth Connect plan has been stymied by the three disparate regulatory and economic systems in the region. The Post’s real estate writer Ao Yulu and her London colleague Chad Bray received the gold award in the category of Best Property Market News Reporting,…

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Post wins at Hang Seng University’s 8th Business Journalism Awards – South China Morning Post

Reporters of the South China Morning Post won gold in two award categories at the Hang Seng University of Hong Kong (HSUHK)’s 8th Business Journalism Awards. The Post’s veteran journalist Enoch Yiu won gold in Best Greater Bay Area Business News Reporting with her August 12 feature about how China’s fledgling Wealth Connect plan has been stymied by the three disparate regulatory and economic systems in the region. The Post’s real estate writer Ao Yulu and her London colleague Chad Bray received the gold award in the category of Best…

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New Home Builders

‘No One Retires to California,’ They Thought. But Their Grandchildren Beckoned Them to the Bay Area. – The New York Times

After spending most of their adult lives in Arizona, Dennis and Sherry Weiss talked about a permanent relocation to the San Francisco Bay Area. It wasn’t the first time they’d had the conversation. The couple — who had been together more than 30 years, and married for eight — had been circling the topic for a decade, since the first of Ms. Weiss’s three grandchildren was born in San Francisco. (She has two adult daughters from a previous marriage living in the Bay Area; Mr. Weiss has two adult sons…

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Bay Area condo war widens after $1 million units sell for just $32,000 – OCRegister

The auctioning of several downtown San Jose condominiums has spawned a widening legal war now that a troubled China-based real estate firm has filed a new lawsuit in the increasingly tangled case. China-based Z&L Properties has filed a lawsuit against winning bidders in an auction last week of the downtown San Jose condos, as well as the trustee that conducted the proceeding, Santa Clara County Court records show. SAN JOSE, CALIFORNIA – MARCH 24: 188 West St. James residential towers near San Pedro Square in downtown San Jose, Calif., on…

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New Home Builders

California attorney general touts Oakland development, calls for more affordable housing – NBC Bay Area

California Attorney General Rob Bonta marked National Fair Housing Month at a public address in Oakland on Thursday, as the state Legislature considers whether to strengthen his enforcement powers over cities. Bonta was surrounded by residents and small business owners at Casa Suenos, a new 181-unit affordable housing development. It was built through a partnership with nonprofit developers Bridge Housing and The Unity Council. The project is part of a mixed-use development adjacent to BART called the Fruitvale Transit Village. “California has the largest homeless population of any state,” said…

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Real Estate Marketing

Boise Real Estate Market Steady Amidst California’s All-Time Low – KIDO Talk Radio

While the California housing market is experiencing unprecedented lows, Boise, Idaho, is appearing reasonably stable during a tumultuous time of real estate. As the Golden State sees prices plummeting by up to 40% in some cities, Boise maintains its allure for both buyers and sellers. It’s been reported that in the Bay Area, homes are shedding millions in value practically overnight, according to Savvy Dime. So, while California sellers are slashing prices out of desperation to offload their properties, Boise homeowners can breathe a sigh of relief, knowing that their investments are holding…

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