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...

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...

San Jose leans on ADUs to meet housing goals

San Jose is lagging behind its 2017 promise to build 25,000 units of new housing—10,000 of them affordable—by 2022. Now, officials are looking for solutions to the shortfall and hoping to jumpstart construction of accessory dwelling units (ADUs). To meet its goal of 25,000 new units in five years, the city needed to build about...

San Jose Google project one step closer to reality

More than three years after Google set its sights on San Jose, a major milestone occurred Wednesday for its plan to build a massive campus in the city’s urban core. The San Jose Planning Commission unanimously approved Google’s proposed 80-acre campus at its evening meeting—moving the city’s largest land use project another step forward. “I...