Author: Agggregated News

New Home Builders

Habitat for Humanity brings housing hope to East Bay community – CBS News

Agggregated News

WALNUT CREEK — The housing crisis in the Bay Area has proved a difficult and time-consuming problem to solve but, on Saturday, one well-known, non-profit builder celebrated a new development in Walnut Creek, giving  hope to those willing to put in the work. The Spanish word for hope is “esperanza” and Esperanza Place is a fitting name for Habitat For Humanity’s newest development in Walnut Creek. The organization held a welcome ceremony for the 23 families who will move into the houses they helped build next to the Pleasant Hill…

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New Home Builders

Tenants Are Forcing Bay Area Landlords to the Bargaining Table – Jacobin magazine

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Tenants Are Forcing Bay Area Landlords to the Bargaining Table By Mathilde Lind Gustavussen San Francisco’s groundbreaking Union at Home legislation encourages tenants to organize in their buildings the way employees organize at work. Housing activists in Berkeley are hoping their city will follow suit — but landlords are pushing back. Aerial view of Berkeley, California, Thursday, March 16, 2023. (Jane Tyska / Digital First Media / East Bay Times via Getty Images) On February 13, 2024, eight tenants met with three representatives from their new corporate landlord in a…

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New Home Builders

Foreclosed San Jose site once pitched as hotel lands Bay Area buyer – East Bay Times

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SAN JOSE — Bay Area real estate investors have bought a San Jose site that toppled into foreclosure due to a delinquent loan — but the property’s future wasn’t immediately certain despite the purchase. A nondescript property at 1510 South De Anza Boulevard in southwest San Jose has been bought for $5.5 million, according to documents filed on April 5 with the Santa Clara County Recorder’s Office. 132-room, four-story hotel at 1510 South De Anza Boulevard in San Jose, concept.  At one point, a hotel was proposed for the property.…

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Foreclosed San Jose site once pitched as hotel lands Bay Area buyer – The Mercury News

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(Google Maps) 1510 South De Anza Boulevard in San Jose, the site of a one-story commercial building and adjacent parking lot. SAN JOSE — Bay Area real estate investors have bought a San Jose site that toppled into foreclosure due to a delinquent loan — but the property’s future wasn’t immediately certain despite the purchase. A nondescript property at 1510 South De Anza Boulevard in southwest San Jose has been bought for $5.5 million, according to documents filed on April 5 with the Santa Clara County Recorder’s Office. 132-room, four-story…

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Looking to buy a home in Bay Area? Here’s what $1.7M will get you in Silicon Valley – KEYT

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KGO By Lena Howland Click here for updates on this story     CUPERTINO, California (KGO) — This is what $1.7 million will get you on the western edge of Silicon Valley in Cupertino: A cozy 384-square-foot home, which is a little more than the average size of an American hotel room. “It’s time to bring out the old cliché which just happens to be the truth — it’s location, location, location,” said David Stark, a spokesperson for the Bay East Association of Realtors. But the house might not be what people…

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Foreclosed San Jose site once pitched as hotel lands Bay Area buyer – Silicon Valley

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SAN JOSE — Bay Area real estate investors have bought a San Jose site that toppled into foreclosure due to a delinquent loan — but the property’s future wasn’t immediately certain. A nondescript property at 1510 South De Anza Blvd. in southwest San Jose has been bought for $5.5 million, according to documents filed on April 5 with the Santa Clara County Recorder’s Office. 132-room, four-story hotel at 1510 South De Anza Boulevard in San Jose, concept.  At one point, a hotel was proposed for the property. The site, located…

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Real Estate Marketing

Industrial Sales Report – Industrial Property Prices Hold Steady – CommercialSearch

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Despite a downturn in industrial sales volume attributed to higher interest rates, tightened capital markets and a shift toward normalizing demand, the industrial property market hasn’t seen any significant discounts. Even with sales figures experiencing a dip in recent quarters, the average sale price of industrial properties continues to rise with a 9.6% quarter-over-quarter increase and a 2.0% year-over-year uptick. In fact, according to the latest U.S. industrial market report from CommercialEdge, nationwide industrial sales reached $5.7 billion in the initial two months of 2024 with properties trading at an…

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Vietnam sentences real estate tycoon to death in $12.5 billion fraud case – NBC Bay Area

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Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP. Lan illegally controlled Saigon Joint Stock Commercial Bank between 2012 and 2022 and allowed 2,500 loans that resulted in losses of $27 billion to the bank, reported…

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