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Owners of the former Fairmont Hotel in San Jose, rebranded as Signia by Hilton last year, are planning to sell off about a third of the hotel’s guest rooms. Depending on what a potential buyer does with the property, some city boosters said the change could be a positive one for the downtown area, though...
Will San Jose greenlight new affordable housing policy?
An affordable housing proposal that would enable community groups to buy multi-family homes could finally make it back to the San Jose City Council next month. The Community Opportunity to Purchase Act, or COPA, would give qualified nonprofits the ability to make the first offer on multi-family residential properties in San Jose. These nonprofits would then...
Empty San Jose offices could convert to housing
As major cities like San Jose and San Francisco struggle with emptied out downtowns after the pandemic pushed huge swaths of people to remote work, discussion of converting empty offices to housing is gaining traction. The Office to Housing Conversion Act, or AB 1532, would allow certain office buildings to be converted to housing across...
State law may overshadow San Jose affordable housing policy
A controversial policy that could make affordable housing more attainable is coming back to the San Jose City Council—but it might be a moot point if a similar policy is passed at the state level. The Community Opportunity to Purchase Act, or COPA, is a policy that would give qualified nonprofits first rights to make an offer...
Chinese developer starts selling San Jose projects
A China-based real estate firm whose co-founder was recently arrested in connection with a bribery scheme is selling off a premier residential development site in San Jose, while the fate of two others is still unclear. The former Greyhound bus station site at 70 S. Almaden Ave. in downtown San Jose, owned by Z&L Properties,...
State housing law fizzles in San Jose
One year after a state law aimed at increasing housing supply went into effect, the destruction of single-family neighborhood character that many of the bill’s opponents raised alarms about has not yet come to pass. Senate Bill 9 effectively ended exclusionary single-family zoning statewide, allowing homeowners in some long unchanged neighborhoods to subdivide their lots...
San Jose renters rally for more rights
A coalition of local groups is calling on the San Jose City Council to prioritize policies preventing displacement of renters amid the ongoing housing crisis. The coalition, which includes Sacred Heart Community Service, SOMOS Mayfair, the South Bay Community Land Trust and others, want city policymakers to bolster renter’s rights, preserve affordable rental housing and stop criminalizing...
These projects could reshape Silicon Valley next year
As San Jose and Silicon Valley further emerge from the effects of the pandemic, development on major projects continues to move forward across the region. Here are some of the notable developments and policies to keep an eye on in 2023: Google’s Downtown West project The largest development in San Jose’s history, Google’s 80-acre Downtown West...
Hundreds of San Jose families face eviction
Days before Christmas, Zayna Herring, her 4-year-old son Alex and her roommate sat in the courthouse in downtown San Jose, worried they’d soon be homeless. “It’s a lot of stress,” Herring told San José Spotlight. “Everything takes money, and that’s what we don’t have.” Herring, a single mom working two jobs while attending college full-time,...
Silicon Valley offices less empty than other regions
In the wake of the pandemic, Silicon Valley is faring better than other nearby areas when it comes to office vacancies. But researchers say decisions on work culture at major tech companies could change the dynamic. That’s according to a recent report from Joint Venture Silicon Valley and commercial real estate broker JLL, which focused on...