SAN JOSE — Erin Toeniskoetter has been named president of Toeniskoetter Development Co., one of the key units of the high-profile family’s local real estate business. Commercial property development is uncertain at best in a tough economy for real estate. Tech companies and companies in other industries have curbed their respective appetites for expanding into … Read more
SAN JOSE — Santana Row has landed more merchants in a fresh sign of vibrancy for the San Jose mixed-use village, deals that raise hopes for the Bay Area’s wobbly retail sector. The destination complex has signed leases with seven retailers, according to officials at Santana Row, a complex of shops, restaurants, homes, offices, hotel … Read more
SAN JOSE — Downtown San Jose has landed a new university that is poised to bolster the city’s urban core as it battles to recover from coronavirus-induced maladies and a welcome bright spot for the ailing real estate sector. California Miramar University is slated to launch classes in the fall of 2024 as a result … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Even California’s “bargain” rents look expensive on a national scale. The source: My trusty spreadsheet reviewed 2023 average rent statistics from ApartmentList for 518 larger markets across the US – including 75 in California. ApartmentList’s figures combine pricing from landlord listings and Census … Read more
There’s a lot at stake in Concord’s debate over tenant protections, since renters occupy approximately 40% of all housing units in the city, and more than 48% of renters spend over 30% of their income on housing costs, according to city staff. Concord policymakers have spent more than a decade debating how best to protect … Read more
After years of living on the streets and in single-room-occupancy hotels, the cozy studio apartment in San Francisco’s Japantown felt like a sanctuary to Corey Lafayette. He’d moved with no furniture, so friends found him a mattress on Craigslist and contributed a massive globe and a mirror framed in wrought-iron leaves. He bought pots and … Read more
California’s renters got a mild breather in 2023. When my trusty spreadsheet looked at ApartmentList’s rent data – a curious mix of landlord listings and Census stats – it’s clear that the Golden State remains a pricey place to be a tenant, even after pandemic-era rent hikes ended last year. The stats track rents in … Read more
Invitation Homes, the nation’s largest owner of single-family rentals, will pay $3.7 million to settle allegations it illegally hiked rent for hundreds of California tenants, state Attorney General Rob Bonta announced. The attorney general’s office says the company — which is also the single largest owner of residential property in the Bay Area — raised … Read more
Fees — service fees, convenience fees, transfer fees, delivery fees, bank fees — are ubiquitous and, more and more, a standard part of commerce in the gig-age of the 21st century. Despite the pervasiveness of fees, they can still give consumers sticker shock. After clicking Apple Pay to buy that $25 late-night Grub Hub order, … Read more
“Numerology” tries to find reality within various measurements of economic and real estate trends. Buzz: Big apartment complexes house only a little more than one-fourth of all California renters. Source: My trusty spreadsheet eyeballed 2022 Census Bureau data on what kind of housing is home to renter households across the 50 states and the District … Read more