Real Estate

Real Estate

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...

San Jose has no plans to address vacant homes

Amid an ongoing housing crisis, thousands of San jose homes are sitting empty—but City Hall has no plan to address it. The latest U.S. Census data shows 13,769 San Jose homes were not occupied in 2020. Vacant properties include those for rent, waiting to be sold and those not on the market, which may have been left...

4th Street Pizza in Downtown San Jose closing up shop

An iconic pizza shop favored by San Jose politicos and downtown residents alike is going under. The co-founders of 4th Street Pizza Co. told San José Spotlight they have to close their 16-year-old business by October when their lease expires. The developer who purchased the building before the pandemic, Bayview Development Company, is going to...

San Jose sees rising property values despite economic woes

The value of taxable properties in San Jose skyrocketed last year thanks to demand for luxury homes and new construction. Experts and county officials say the growth won’t last. At the heart of wealthy Silicon Valley, the assessed value of all property grew by $15 billion over the last 12 months—a jump from $215.9 billion to $231...

County commission rejects plan to demolish old San Jose City Hall

A proposal to demolish San Jose’s former City Hall has encountered resistance from a county commission and local preservationists. The Santa Clara County Historical Heritage Commission voted unanimously last week against an application to demolish the old City Hall at 801 N. 1st St. The recommendation will be referred to the Board of Supervisors, which will make...

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