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MILPITAS — A veteran real estate investor with a national reach has bought a big apartment complex in Milpitas, a deal that points to ongoing strong buyer interest in the Silicon Valley housing market.
Victorian Square, an apartment complex in Milpitas, has been bought by an affiliate of Klingbeil Capital Management, a real estate firm with a San Francisco office and roots in Ohio, according to public property and business records.
The 96-unit Victorian Square, located at 2021 N. Milpitas Blvd. in Milpitas, was bought for $36.3 million, property records filed with Santa Clara County officials on Oct. 2. show.
Located near tech hubs in San Jose, Milpitas, and Fremont, the apartment complex appears to be in strong demand from renters. The apartments.com website states that none of the units in the complex are available for rent.
Investors appear to hunger for apartment complexes throughout Silicon Valley and the East
Boise developer Greg Ferney envisioned an apartment complex at the site of a former health club near the Boise State University campus.
His Storage Development company drew up plans for a four-story, triangular-shaped building with 125 apartments at 1250 S. Division Ave. Ferney modified his design to appease neighbors and won approval from the City of Boise.
Now he’s looking to sell the property and the development rights. But Ferney isn’t saying why.
Colliers International has issued a call for offers for the project at the site of the Park Center Health and Racquet club.
The offering lists a sale price of $4.5 million for the 2.9 acres of land and development rights. That equates to $36,000 per apartment, according to the listing. Offers are due by 5 p.m. on Sunday, Oct. 4.
The property is owned by Bay Shore Oil Company of Huntington Beach, California. An affiliated
This shows a preliminary rendering of the affordable housing project planned for 2800 Barry Street, the former Stock Lumber property. The development will include 68 affordable units, including both apartments and for-sale units. (Photo: CONTRIBUTED ART)
Over the next few years, the former site of a lumberyard and building supply store in Camarillo will be transformed into 68 affordable apartments and for-sale homes.
On Wednesday, the Camarillo City Council heard an update and details on the 2800 Barry Street project, which is a joint effort between two local nonprofits, Many Mansions and the Area Housing Authority of the County of Ventura.
The project will be located at 2800 Barry Street, the former site of Stock Building Supply. It will provide affordable housing for extremely low-income, very low-income and low-income families.
The city purchased the 2.52-acre property for $3.6 million in September 2018 and will donate the property to the
After largely spending the last several months at home, New Yorkers who are still in the real estate market have certainly had time to narrow down their priorities. And they are prioritizing privacy and home offices as much as outdoor space, a new report shows.
The report from real estate market data firm UrbanDigs, commissioned by Forbes, shows that homes in New York that were described in listings using words and phrases such as “privacy,” or that had home office or outdoor space, saw much less price flexibility, and also saw much higher median sale prices.
For example, the median sale price of units with listings that include the word “privacy” nearly doubled, from $1.58 million in April 2019
Apparently, not even the reliably expensive West Village is immune to the COVID-induced housing price drops sweeping Manhattan. According to residential-real-estate analytics firm UrbanDigs, the median asking price for new listings in the area has decreased to the lowest figure in years, from $2.8 million in May to $1.765 million in August. Or, in sum: “Buyers may soon start to find real deals in the West Village,” says John Walkup, CEO of UrbanDigs.
To find said deals, we scoured listings in the neighborhood for nice-looking units with a good amount of space and amenities for the price. Below, our five favorites, listed in order of ascending price. They all turned out to be units in co-op buildings and are primarily under-$1 million studios and one-bedrooms, with the exception of a particularly lovely two-bedroom with casement windows on Perry Street.
Price: $439,000 (monthly maintenance: $681)
Notable feature: White-painted brick fireplace