Real Estate

Real Estate

San Jose faces decades of City Hall debt

It’s been roughly 20 years since San Jose leaders voted to build a new City Hall, rotunda, plaza and parking garage at Fourth and Santa Clara streets in the heart of the city’s downtown. It’ll be nearly another two decades before the full tab is paid. Even before the idea became a reality, city leaders...

San Jose homeless motel changes hands

Dirty water pouring out of faucets, and mold and holes in the ceiling have finally convinced San Jose to remove itself and a service provider from a hotel-turned-housing project. The Santa Clara County Housing Authority and Jamboree Housing Corporation are taking over the day-to-day services of SureStay Motel from the city and Abode Services, after...

San Jose rent hike could push out tenants

Residents at an East San Jose affordable housing complex found an apparent loophole in the city’s rent control policy that favors the property owner and are fighting an October rent hike. Chanting “Sí, se puede,” which translate to “Yes, we can,” roughly 100 residents and local organizers took to the streets to protest a 10%...

San Jose’s largest mobile home park gets new name, management

San Jose’s largest mobile home park is under new management and looks secure from development. Evans Management Services took over Silicon Valley Village Mobile Home Park, formerly Westwinds Mobile Home Park, on Sept. 1. The management company entered into a 10-year agreement with the park’s land owners, The Nicholson Family Partnership, and promises to retain...

San Jose needs better planning to reach housing goals

San Jose has a hefty goal to build 62,200 homes in the next eight years, but it won’t meet that goal without drastically changing its approach. With the city working to update its plan for future housing, officials aim to spend money to subsidize affordable housing, strategically place development in areas that are equitable and...

Looking to rent in Silicon Valley? Get in line

Silicon Valley remains one of the most sought after rental markets in California, despite being one of the most costly. In a new study by apartment search site RentCafe, Silicon Valley ranked 8 out of 11 top rental markets in the state. The study looked at the number of renters competing for an apartment, occupancy and vacancy...

San Jose affordable housing policy delayed

Affordable housing is a rare find in Silicon Valley, but one policy could make it more attainable—if it ever makes it back to the City Council. The Community Opportunity to Purchase Act, or COPA, is a policy that would give qualified nonprofits first rights to make an offer on a residential property and keep more...