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Woodside’s Ridgecrest Ranch, an enigmatic Bay Area estate celebrated for its bespoke artistry and expansive amenities, has hit the market with a price tag of $15 million. Once aspiring to fetch $28 million in 2021, the property’s value has dropped sequentially, recently slipping to $20 million in 2022 before anchoring at the current asking price. This comes in the wake of similar high-end properties struggling to secure buyers in a luxury market showing signs of fatigue. The sprawling 18-acre estate, located at 16351 Skyline Boulevard, boasts a repertoire of unique…

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A drone view of the Victoria by the Bay neighborhood in Hercules, Calif., on Tuesday, April 30, 2024. The development was built atop the former Pacific Refinery site. The Phillips 66 San Francisco Refinery can be seen in the distance. (Jane Tyska/Bay Area News Group) HERCULES — On the surface, Victoria by the Bay is a charming neighborhood of 926 homes only a short walk from the shores of San Pablo Bay. But the ground beneath the roughly 200-acre development was once home to the former Pacific Refinery Co., a…

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SAN JOSE — A big South Bay portfolio of office, commercial and industrial buildings has been bought by a New York-based real estate investment group in a deal valued at well over $200 million. The buying group paid $222 million for buildings in San Jose, Milpitas and Santa Clara, according to documents filed on May 1 and May 2 with the Santa Clara County Recorder’s Office. 1001-1021 Cadillac Court, an office and industrial building in Milpitas.  The purchase of the buildings suggests that investors still hunger for Bay Area properties…

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(Google Maps) 591 North King Road in San Jose, an office, commercial and industrial complex. SAN JOSE — A big Bay Area portfolio of office, commercial and industrial buildings has been bought by a New York-based real estate investment group in a deal valued at well over $100 million. The buying group paid $149 million for buildings in San Jose and Milpitas, according to documents filed on May 1 with the Santa Clara County Recorder’s Office. 1001-1021 Cadillac Court, an office and industrial building in Milpitas. (Google Maps) The purchase of…

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SAN JOSE — A big South Bay portfolio of office, commercial and industrial buildings has been bought by a New York-based real estate investment group in a deal valued at well over $200 million. The buying group paid $222 million for buildings in San Jose, Milpitas and Santa Clara, according to documents filed on May 1 and May 2 with the Santa Clara County Recorder’s Office. 1001-1021 Cadillac Court, an office and industrial building in Milpitas.  The purchase of the buildings suggests that investors still hunger for Bay Area properties…

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Several worker unions, college students and community organizations marched, sat-in and continued to camp out throughout the Bay Area during May Day protests on Wednesday. In the East Bay, Oakland Sin Fronteras, a coalition of organizations that support workers and immigrant rights, held a march to recognize and celebrate International Worker’s Day and in solidarity with Palestinian people. Nearly a thousand or more protesters marched down Telegraph Avenue and Broadway on their way to a rally at City Hall’s Frank H. Ogawa Plaza. The Port of Oakland shutdown, which was…

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As mortgage rates remain above 7%, some would-be homebuyers are looking for another option to help them buy: an adjustable-rate mortgage. Instead of a fixed-rate mortgage where you’re locked into a rate for the duration of your mortgage, an adjustable rate is one that can change as overall rates move, which means your monthly payment could go down over time, but it could also go up. Those buying houses now are, according to Silicon Valley agent Linsey Gridley, choosing the adjustable rate more frequently than at any time during the…

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busracavus/istock Bay Area housing prices have increased significantly from last year. They are expected to stay high due to low inventory and mortgage rates still hovering above seven percent. Matt Dinapoli, CEO of Dinapoli Partners, says even with more inventory, buyers are overbidding on homes because they can. Most counties saw substantial price hikes from last year, some by as much as twenty percent. Numbers from the California Association of Realtors show Sonoma County home prices went up nearly 5-percent with a median selling price of 865-thousand dollars. Housing analysts…

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Heidi White, RV resident, looks out her window at the safe parking site in San Jose, Calif., on Friday, April 26, 2024. (Shae Hammond/Bay Area News Group) After months living out of an RV at a sprawling homeless camp north of downtown San Jose, Heidi White was relieved to move her 1995 Ford motorhome into the city’s first managed 24/7 safe parking lot. She no longer needed to worry about encampment fires or drug dealing outside her door, and staff running the site atop a tree-dotted lot next to the…

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