Residential and Commercial Real Estate

The Bay Area is seeing more improvement than other markets nationwide, but its lack of inventory is a problem, according to Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. Turley recently told Silicon Valley agents they need to educate their clients about the real story behind their local markets. "We have a dearth of listings everywhere. Inventory...

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Tenant interest in San Francisco’s wildly popular South of Market may be eclipsing the appetite for the city’s traditional central business district, but it will not always remain thus, according to a new five-year forecast from RREEF Real Estate. SoMa is one of four similar enclaves nationwide that are part of a central urban core but not in the CBD where technology, creative-services and boutique...

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With the backing of Gates and Google, Khan Academy and its free online educational videos are moving into the classroom and across the world. Their goal: to revolutionize how we teach and learn. Sanjay Gupta reports.

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All eyes turn to receiver Jerry Hunt in the legal brawl to control the Sunnyvale Town Center. On March 15, Santa Clara County Superior Court Judge Peter Kirwan is expected to rule on what could be a decisive turning point in the long-contested case. After months of pursuit by San Jose attorneys Ron Rossi and Jill Fox on behalf of Silicon Valley developer Peter Pau, Danville-based Hunt and his Quattro...

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The red-hot housing market of Milpitas is about to get an infusion of new stock, as Trumark Homes of Danville has received approval from the Milpitas city council to build 134 residential units.Known as the Contour, it will be built on a 9-acre site bounded by Montague Expressway on the northwest, Trade Zone Boulevard on the south and private property on the east. Construction on the community of 42 single-family...

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Swedish construction giant Skanska AB is stepping up the intensity of its pursuit of Bay Area business. Already, at the end of last year, the company booked $347 million in new revenue related to its just-signed contract to build the first Santa Clara County BART extension. Skanska USA Inc.’s civil division is one of three partners on the $772 million job to build the 10-mile extension plus two stations,...

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An Archstone-sponsored partnership has acquired a 192-unit apartment community in Sunnyvale called Parkside Apartment Homes. The complex is expected to be renamed Archstone Sunnyvale. The acquisition price was $63.2 million. The deal, announced Wednesday, was brokered by. . . via Silicon Valley / San Jose Business Journal.

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Commercial real estate firm Grubb & Ellis    is seeking a quick sale to BGC Partners Inc. after filing for bankruptcy protections on Monday. The Santa Ana-based firm said it is up against a March 1 deadline on $30 million in debt, and it doesn’t have enough cash to get through the current quarter. BGC, which bought Newmark Knight Frank in October, has made a $30 million credit bid for Grubb...

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Demand for additional housing, shop space and offices at Santana Row is so robust that owner and developer Federal Realty Investment Trust expects to build all of the remaining housing units and commercial space permitted at the more than 40-acre site in the next four to five years. That embraces 200,000 square feet of additional retail and office space and more than 550 new apartments, including...

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