A conspicuous benchmark in the epicenter of the Silicon Valley.
George Avalos reports that over the past 12 months ending in September, tech giants like Google and Adobe have fueled a real estate buying spree in San Jose totaling $1.43 billion in sales.
"The buying activity in downtown San Jose over the recent 12 months, measured by the amount spent by the purchasers, is nearly three times as much as the $484 million buyers spent on downtown properties over the prior one-year period that ended in September 2017," reports Avalos.
Avalos is reporting analysis of Santa Clara public records by the Mercury News team.
FULL STORY: San Jose’s downtown shopping spree rockets past $1.4 billion in one year
Google Seeks New Direction for Massive Housing Proposal
The company parted ways with its development partner, signaling a shift in strategy for a proposed 15,000-unit housing and office space project on Google-owned land in Silicon Valley.
Bay Area Workers are Moving Back
Many of the tech employees who left Silicon Valley during the pandemic are making their way back to the Bay Area–and so are higher rents.
Digital Roundtable Discusses Silicon Valley's Urbanist Future
Highlighting the ways in which the pandemic’s disruption is unleashing innovation, panelists share their hope for streamlining public-private collaborations to solve some of the region’s housing, transportation, and equity challenges.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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Barrett Planning Group LLC
HUD's Office of Policy Development and Research
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HUD's Office of Policy Development and Research
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ULI Northwest Arkansas
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