Multifamily Archives - The Ivy Group
Fremont City Council Awards $34 Million for Affordable Housing
March 26, 2024 By: Tim Vi Tran,
Post Date:03/22/2024 4:10 PM As part of the City’s focused efforts to increase affordable housing in Fremont, the Fremont City Council awarded $34 million in funding on March 19, 2024. This funding will help support the construction of over 450 low-income rental units in Fremont. The funding, secured mainly through development fees earmarked for affordable […]
Builder’s remedy project proposed near Palo Alto, Mountain View border
February 24, 2024 By: Tim Vi Tran,
By Devan J. Patel – Reporter, Silicon Valley Business Journal Jan 18, 2024 A new housing project comprised of hundreds of apartments could sprout near the Palo Alto-Mountain View border due to Palo Alto’s lack of an approved housing plan. Globe Investments LLC and Menlo Park-based Acclaim Companies have submitted a preliminary application for a seven-story, 198-unit […]
Rent relief? Here’s how apartment costs are trending
January 29, 2024 By: Tim Vi Tran,
By Joanne Drilling and Ari Mahrer – San Francisco Business Times Jan 26, 2024 Renters in San Francisco and the East Bay seeking new digs should consider acting now: Recent data shows asking rents headed downward both nationally and in the San Francisco-Oakland-Berkeley area. According to a January report by Rent.com, San Francisco area rents were basically flat, declining […]
Villa Del Sol Apartments in Sunnyvale is sold for $62M to Acacia Capital Corp
November 18, 2023 By: Tim Vi Tran,
By Troy Wolverton – Managing Editor, Silicon Valley Business Journal Nov 17, 2023 A San Mateo-based real estate investment firm paid $62.25 million for a 20-year-old apartment complex near Downtown Sunnyvale. Acacia Capital Corp. purchased the Villa Del Sol Apartments on Thursday from Palo Alto’s Pacific Urban Investors, according to records filed with the Santa Clara County […]
Where distressed commercial real estate loans are piling up the fastest
October 27, 2023 By: Tim Vi Tran,
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Sep 18, 2023 The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of outdated office towers struggle to refill vacant spaces and cash flow on those buildings becomes a bigger challenge. A recent […]
The builder’s remedy rocked the Bay Area in 2023. Here are some of the projects it opened the door for
October 6, 2023 By: Tim Vi Tran,
By Sarah Klearman – Staff Reporter, San Francisco Business Times Oct 5, 2023 Updated Oct 5, 2023 6:00am PDT Many Bay Area jurisdictions started this year largely unfamiliar with the builder’s remedy. As they found themselves newly subject to it, they’ve had to get a crash course. The decades-old provision of California housing law strips jurisdictions that fall […]
A Downtown San Jose luxury apartment complex fetched $74M in a sale
September 21, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Sep 20, 2023 Updated Sep 20, 2023 12:48pm PDT A pair of California real estate investment firms paid $74.25 million for The James, a recently built Downtown San Jose apartment building. Beverly Hills-based Archway Equities and Larkspur-based Virtú Investments teamed up to buy the 190-unit, six-story complex from […]
Los Angeles firm JRK Investors paid nearly $100M for Duo Apartments in San Jose
August 18, 2023 By: Tim Vi Tran,
By Kevin V. Nguyen – Reporter, Silicon Valley Business Journal Aug 17, 2023 Updated Aug 17, 2023 8:21pm PDT A Los Angeles real estate firm paid $93.5 million for an apartment complex in South San Jose that is located down the street from Valley Oak Technology Park. The Duo Apartments is a four-story, two-building complex that has 301 […]
