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Wobbly Bay Area office market spurs delay of huge San Jose tech campus – East Bay Times
SAN JOSE — A huge tech campus proposed for downtown San Jose could be delayed for a few years, fresh evidence that the Bay Area’s wobbly office market and tricky economy continue to jolt real estate projects. CityView Plaza, a massive office, retail and restaurant complex in downtown San Jose, is headed for a development delay. At full buildout, the project would total 3.4 million square feet. Jay Paul Co., one of the Bay Area’s most successful and savvy real estate firms, owns the project site and intends to develop…
Read MoreSF supervisors overrule Mayor Breed, uphold restrictions on housing development in historic area – KGO-TV
SAN FRANCISCO (KGO) — In a historic vote, the San Francisco Board of Supervisors overturned Mayor Breed’s veto of a controversial housing bill. “This is the first time that the board of supervisors overrode a veto, because it’s so important. San Francisco is such a special place and it has grown for centuries, and it can continue to grow, but there is a right way to do it and there is a wrong way to do it. And demolishing our historic buildings that are really the pride of San Francisco,…
Read MoreLetter to the Editor: The Sunset Needs More Housing, Families – Richmond Review/Sunset Beacon
Editor: Last December, the SF Standard released aerial photos of just how much San Francisco has changed over more than 85 years. I was particularly drawn to how much the Sunset has transformed in that period. As a relatively new resident of the Sunset, my family and I have been enamored by what the neighborhood has to offer: friendly neighbors, active commercial corridors, and good schools. It has all the ingredients necessary for raising a family. And that’s only the beginning. See what our neighborhood has seen in the past few years. …
Read MoreCommercial Real Estate Market: Observations and Opportunities – JD Supra
The commercial real estate market is in a fragile state. The remote working trend is not reversing anytime soon, if ever. Some analysts believed that once the pandemic ended, people would naturally revert to the “old way” of working – going to the office either full time or most of the time. For many organizations, this is not the case. In fact, in Randstad’s 2023 Workmonitor survey, 82.9% cited flexible working hours as being important and 71% wanted flexibility in their work location. Additionally, 61% said they would decline a…
Read MoreCalifornia, United States Luxury Real Estate Home – California Listings
If you’re like us, keeping track of the mounting lawsuits centered on real estate commissions is a dizzying effort. And with brokerages and brands announcing settlements weekly, industry news is breaking at record speed. With expert resources from the Real Estate News, let us do the research for you! The California Listings Legal Ledger is here to help: A Note On Consolidation: The U.S. Judicial Panel on Multidistrict Litigation is taking up a motion about consolidating many of these copycat lawsuits into a single mega-case and assigning it to one…
Read MoreFire-torched downtown San Jose homes were hit by many code violations – The Mercury News
(Ethan Baron/ Bay Area News Group) Firefighters battle a blaze involving two Victorian homes in downtown San Jose. SAN JOSE — The owner of two downtown San Jose Victorian homes that caught fire and collapsed in flames Tuesday was hit with numerous city complaints for code violations at the old residences, court papers show. San Jose firefighters were called to the scene of a blaze that had engulfed two Victorian homes, one at 146 North Fourth Street and the other at 152 North Fourth Street. The flames eventually caused the…
Read MoreWhich Cities Are Driving Commercial Real Estate Demand? – Commercial Property Executive
Driven by nearly $49 billion in funding for new technologies like generative AI over the past three years, the San Francisco Bay Area maintains its rank as the top city across the globe for both innovation and talent, according to JLL’s latest Innovative Geographies report. The research study states those investments were more than New York and Beijing combined during the same period. The San Francisco Bay Area outperformed most other markets on venture capital, research and development investment, productivity and talent breadth. As was the case in previous years,…
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