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Developers of two new East Bay housing developments hear that affordability is key – The Mercury News

Richland Communities proposed Leung Property development south of Sand Creek Road in Antioch will include 435 homes and have a natural open space buffer to Sand Creek and the hills above the site. (City of Antioch) One thing was clear at a hearing this week to gather feedback for two new proposed housing projects on opposite ends of Antioch: people want at least some of them to be affordable. Preliminary plans unveiled to the City Council on Tuesday include a Richland Communities’ proposal to build 435 homes at the city’s…

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Bay Area office market flounders with empty space but demand jumps – The Mercury News

(Jane Tyska/Bay Area News Group) Downtown Oakland, seen in a drone view looking towards the East Bay hills, April 2024. SAN JOSE — The market for Bay Area office space remains feeble, battered by brutally high vacancy levels — but the hunger by tenants to lease offices is starting to surge, new commercial real estate reports show. Empty office spaces remained at or near record levels in the Bay Area’s four primary markets during the January-through-March first quarter of 2024, according to a new report released by CBRE, a commercial…

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SF Housing Market Dips with 20% of Sellers Bearing Losses, Outpacing National Average – Hoodline

The San Francisco housing market is experiencing a significant downturn, with nearly one in five home sellers facing losses. According to a recent report by Redfin, approximately 20% of properties sold in the Bay Area metropolis have resulted in the sellers receiving less than their initial purchase price, a figure far beyond the national average. The situation in San Francisco starkly contrasts the broader U.S. housing market, where just 4% of sellers are seeing red. Locally, those unlucky enough to sell at a loss are hemorrhaging an average of $155,500,…

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

CUPERTINO, Calif. (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 are paying for. Instead, it’s the potential of a 7,841 square…

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Jodi Nishimura, One of the East Bay’s Top Agents, Brings Her Well-Known Boutique Brand to Real – Yahoo Finance

Addition of Kai Real Estate adds to Real’s growing presence in California TORONTO & NEW YORK, April 09, 2024–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded brokerage, today announced that Jodi Nishimura, who ranks in the top 1% of agents serving the East Bay, has brought her boutique brand, Kai Real Estate, to the company. The addition of the 12-agent team adds to Real’s growing presence throughout California, which more than doubled in 2023. Headquartered in Berkeley, Kai Real Estate joins under Real’s newly launched Private Label…

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Big affordable housing project in San Jose could boost micro economy – The Mercury News

(JPark Architects) Residences and ground-floor retail spaces in a 780-unit affordable housing development located at 7 Topgolf Drive in the Alviso district of north San Jose, concept. SAN JOSE — The development of several hundred affordable homes on empty land in San Jose could help spur economic activity in the area, real estate executives say. A housing project is planned next to the busy Topgolf sports, entertainment and dining venue near the interchange of State Route 237 and North First Street. At one point, a prior owner of the site…

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