Real Estate

Real Estate

Real estate audit reveals holes in San Jose’s property management

San Jose owns more than 1,250 properties including City Hall, parks and revenue generators like the San Jose International Airport. But there’s no consolidated inventory which makes management and maintenance difficult, a recent city audit revealed. Whenever a question about a city-owned property comes up, officials have to do extensive research across departments and use...

Developments ramp up in downtown San Jose opportunity zone

High-rise developments are flowing through the construction pipeline in downtown San Jose, fueled by investor money and tax incentives—and it’s going to be that way for the next few years. The spur in development is due to opportunity zones, economically challenged areas where investors can receive federal tax breaks for putting money toward revitalization. While the pandemic...

The cost of building affordable housing in San Jose

The high costs of building in San Jose, among the highest in the state, imperil the supply of a crucial source of financing for affordable housing: state tax credits. “Each year, these programs change their funding requirements,” Michael Lane, state policy director at urban planning think tank SPUR, told San José Spotlight. “It takes multiple years to put...

Google, San Jose work out affordable housing goals

Google is coming to downtown San Jose and it’s bringing 4,000 housing units with it. But making sure that a quarter of those units are affordable will be difficult. The biggest obstacle to building affordable housing, city leaders say, is the high cost of land. “The great thing about the Google model is that they’re not...

Developers propose high-rise at historic San Jose restaurant

In the 1950s, youngsters bopped to doo-wop, folks dined at drive-in burger joints and architects dreamed of homes in outer space. It was in this decade that the “Googie” style of architecture flourished, eventually bearing the construction of what would become Bo Town restaurant in downtown San Jose. Now developers aim to erect a 29-story residential tower at...

Venture capitalist bringing green to downtown San Jose

The 96-year-old Bank of Italy building in downtown San Jose is one of the area’s most recognizable structures—a relic of Rennaisance Revival architecture in the middle of modern high rises. Soon, venture capitalist real estate developer Gary Dillabough, 58, will add a series of hanging gardens to the building’s facade. “We’re hoping to leverage experiences and...

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