Menlo Park
REAL ESTATE
Big Fremont apartment complex lands buyer in $100 million-plus deal
FREMONT — A big apartment complex in Fremont has been bought for well over $100 million in a deal that suggests the market for rental housing has begun to falter in Silicon Valley. The downtown Fremont apartment complex was bought for $126 million by a real estate investment firm,...
220 Park in Burlingame Signs Office, Retail Tenants
Joint venture partners Dostart Development Company, LLC and Sares Regis Group of Northern California recently secured two new leases at the newly completed 220 Park development in downtown Burlingame. Private equity firm SkyKnight Capital confirmed to the San Francisco Business Times that it had leased approximately 10,000 square feet of office space, relocating its headquarters from San Francisco to the new 185,000-square-foot Class A office and retail project.
Berkeley housing prices projected to increase next year, mirroring Bay Area trends
With the median price for a single-family home in the Bay Area reaching $1.46 million in May — a 12% increase from last year that nears a record $1.5 million median price set in April 2022 — Berkeley’s housing market remains an outlier with its current decline in prices.
Index for Bay Area Home Values Ticks Up, YOY Gain Slows
Having ticked up 2.6 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay, North Bay and Peninsula) ticked up another 2.0 percent in April, albeit with some seasonality still in play.
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