Inverness
Inverness, CA · Real Estate
rolling out
CJ Johnson: The CEO behind East Oakland’s $135 million liberation park project
Carolyn “CJ” Johnson has spent more than 25 years around commercial real estate investment, where deals are measured in returns and timelines. When she talks about the project that now defines her work, though, she starts with where she comes from. “I am born and raised in East Oakland,” and I feel comfortable that we have been reaching out to folks who feel like they have a space.”
kalw.org
Oakland Measure FF: Closing a loophole in real estate transfer taxes
Oakland Measure FF proposes to close a loophole in Oakland’s current real estate transfer tax. Usually, when real estate is sold in Oakland, the City collects up to 2.5% of the sales price as a transfer tax. Currently foreclosed properties are not subject to this tax. If passed, Measure...
San José Spotlight
Decades-old urban garden in San Jose is being evicted
After 27 years, a San Jose urban garden is facing imminent eviction. Plant & Soul California, a beloved urban garden at 76 Race St., has been ordered to vacate its property following a real estate sale. The business is hoping residents, a foundation or angel investor will step up to help it make a counteroffer or relocate, even though the property is already in escrow. So far, the organization has raised $5,000. If it isn’t able to raise a substantial amount, the group will try to find a new location and start again.
sfstandard.com
sfstandard.com
Housing Wire
San José Spotlight
San Jose ranks No. 1 for U.S. cities with highest household bills
San Jose residents pay more for household bills than residents in any other major U.S. city, according to a new report — with annual costs reaching nearly $45,000 when housing is included. San Jose ranks No.1 among the 50 largest U.S. cities with households spending a median of $44,947 a year on 13 common household... The post San Jose ranks No. 1 for U.S. cities with highest household bills appeared first on San José Spotlight .
cccadvocate.com
It takes a village: Tiny Village Spirit opens Richmond farm-and-garden housing project
On Sept. 26, Tiny Village, a Bay-Area-based nonprofit, opened a new tiny housing and farm-and-garden village in Richmond, CA. It provides emergency housing for youth ages 18-24. The nonprofit organization builds tiny village communities and gardens as emergency housing for the homeless, launched the project. We interviewed Tiny Village Spirit’s Executive Director and founder, Sally Hindman, to ask what the motivation behind this project was. She said that the project’s main motivation actually came from its volunteers.
hoodline.com
San Francisco Chronicle
SFGate
hoodline.com
FOX 2 San Francisco
High mortgage rates trigger rising contract cancellations across California housing market
yieldpro.com
Sacramento Build-for Rent Property Lands $53M Refinancing
New Growth Living has obtained a $53 million refinancing loan for Tanzanite Homes, a 211-unit built-to-rent community in Sacramento, California. Lument provided the note, which is due 2029. Previous loans include a $50 million permanent note, which Arbor Realty Trust issued in 2024, the same data provider shows. Arbor also...
hoodline.com
Downtown Oakland Tower's Owners Default on $194 Million Loan Amid Office Market Slide
The owners of a 24-story office tower at the heart of downtown Oakland have defaulted on a loan carrying an unpaid principal balance of $194.1 million, according to documents filed with county officials this week. The affiliates, controlled by Swift Real Estate, bought the building at 1111 Broadway for $327.5 million back in 2021 — a price that now stands in stark contrast to the distress reflected in the new filings.
Silicon Valley
Affordable homes project set to start in downtown Fremont
FREMONT — An affordable housing project in downtown Fremont is due to break ground in the next few months, leading the way for more than 900 residences planned throughout the city. The proposed homes are part of the Capital at City Center residential hub at 3440 Walnut Ave., which...