Downtown San Jose housing highrises could face foreclosure proceedings

Downtown San Jose housing highrises could face foreclosure proceedings

SAN JOSE — A downtown San Jose housing tower built by a China-based real estate firm whose top boss has been linked to a Bay Area fraud case may face foreclosure proceedings due to delinquent homeowners dues. The property involved in the delinquencies is the two-tower residential complex at 188 West St. James Street in … Read more

Walnut Creek apartment complex goes back to lender after loan default

Walnut Creek apartment complex goes back to lender after loan default

WALNUT CREEK — A big apartment complex in downtown Walnut Creek that was completed just last year has been handed back to its lender after the property’s loan flopped into delinquency, public records show. NoMa Apartments, which was developed by Anton DevCo, is now owned by an affiliate of the property’s lender, documents filed on … Read more

Vast San Jose housing development could sprout near Google tech sites

Vast San Jose housing development could sprout near Google tech sites

SAN JOSE — A huge housing development that could produce several hundred residences might sprout on empty San Jose land near Google-owned sites and tech job hubs, preliminary plans on file at City Hall show. More than 800 apartments are being eyed on 3.2 acres of land at 7 Topgolf Drive in San Jose’s Alviso … Read more

Silicon Valley office hub faces real estate default, loan foreclosure

Silicon Valley office hub faces real estate default, loan foreclosure

SUNNYVALE — A big office complex in Sunnyvale has staggered into a default on its loan, a financial setback that suggests post-coronavirus maladies still afflict the commercial real estate market in the Bay Area. Horizon Sunnyvale, a revamped office center on Oakmead Parkway, is in default on its real estate mortgage and could face a … Read more

San Jose hotel project site heads for real estate auction, foreclosure

San Jose hotel project site heads for real estate auction, foreclosure

SAN JOSE — A lender has scheduled a property auction and foreclosure proceeding for a San Jose site where a hotel of more than 100 rooms was proposed but never built. North Star Hotel Development, which also operates as North Star Development, had proposed the hotel project on land it bought in 2019, according to … Read more