Category: New Home Builders

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 estate market,” the developer was able to attract the loan from Argentic Real…

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For decades, Florida’s residential landscape has been dominated by Mediterranean Revivals, cozy bungalows and mid-century ranch homes. Now a new style is firmly taking hold. Call them Miami Modern, California contemporary or, as some critics put it, “those big boxy places.” They are popping up from Davis Islands to South Tampa and Snell Isle to the Pinellas beaches. They typically have flat roofs, huge windows and stark white, no-frills exteriors. They are definitely big, and their prices can easily top $10 million. A decade ago, modern homes made up only…

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The state builder’s remedy loophole has added one notch allowing developers to bypass local zoning rules: urban sprawl across orchards, pastures and vineyards. From Morgan Hill in southern Santa Clara County to the northern edge of Benicia and into Sonoma County wine country, developers are employing the provision of state housing law to plan acres of new homes on agricultural land, the San Jose Mercury News reported. In Morgan Hill, Carlsbad-based Mana Investments has filed a builder’s remedy application to cut down a 67-year-old cherry and peach orchard to build…

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Development continues to eat up agricultural land in Morgan Hill, Calif., Wednesday, Feb. 26, 2020, leaving Andy’s Orchard (center left) as one of the few operating farms. But it, too, could soon become housing if a proposal submitted through the builder’s remedy goes through. (Karl Mondon/Bay Area News Group) Outside Morgan Hill in southern Santa Clara County, an orchard could be razed for 320 single-family homes. On a pasture on the northern edge of Benicia, cows could give way to 1,080 houses. On a quiet, tree-lined, two-lane road cutting through…

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(KRON)—With decreasing home buyer rates, the Bay Area has proven to be one of the hardest areas to be a homeowner in compared to the rest of the country. One study further confirmed that sentiment, as according to the latest report by RE/MAX, one Bay Area city ranked first for having the highest median home sale prices in the nation.  2 adults, 1 teen steal over $12K in merchandise from SJ mall According to the report, San Francisco has had the most expensive median sale prices in the nation for…

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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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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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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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