Fraud-related housing projects in San Jose, Fremont suffer cost overruns

Fraud-related housing projects in San Jose, Fremont suffer cost overruns

SAN JOSE – Soaring construction costs have dashed efforts to complete large housing developments in San Jose and Fremont, which are key projects linked to a massive real estate fraud case, court filings show. The projects burdened with rising construction costs are The Almaden, a 91-unit condominium complex on Almaden Road in San Jose; and … Read more

Fraud-related housing projects in San Jose, Fremont suffer cost overruns

Fraud-related housing projects in San Jose, Fremont suffer cost overruns

SAN JOSE – Soaring construction costs have dashed efforts to complete large housing developments in San Jose and Fremont, which are key projects linked to a massive real estate fraud case, court filings show. The projects burdened with rising construction costs are The Almaden, a 91-unit condominium complex on Almaden Road in San Jose; and … Read more

Barings acquires Bay Area life sciences portfolio

Barings acquires Bay Area life sciences portfolio

The portfolio, which is fully GMP (Good Manufacturing Practice) compliant, includes ideal life science building characteristics, including headroom in excess of 20 feet, a minimum of 2,000 amps of electricity, ample dock and ground level doors, and 3.4x parking space ratios . Each of the three buildings offers between 50,000 and 100,000 rentable square feet … Read more

GTIS Partners launches Opportunity Zone Fund II

GTIS Partners launches Opportunity Zone Fund II

Fund II is a continuation of the strategy of its predecessor, GTIS Qualified Opportunity Zone Fund I, which launched $630 million of investor capital and ranked among the top five Qualified Opportunity Zone (“QOZ”) funds raised to date. Fund I has committed to 15 investments primarily focused on large regional sunbelt markets in multi-family, single-family … Read more

Great America will close within 11 years as land is bought in Santa Clara

Great America will close within 11 years as land is bought in Santa Clara

SANTA CLARA — The final rides of the Great America theme park are now in sight as one of the Bay Area’s largest real estate developers has purchased the land beneath the legendary Santa Clara amusement center for $310 million. The popular amusement park could close in as little as six years — and in … Read more

BHIVE Alternatives commercial real estate investment opportunity in Koramangala receives 60% booking within the first month

BHIVE Alternatives commercial real estate investment opportunity in Koramangala receives 60% booking within the first month

Invest primarily in real estate Commercial Real Estate (CRE), is considered unaffordable or inaccessible for most people. The ticket size for such a commercial real estate investment could run into the tens of millions, making it almost impossible for middle-class Indians to invest in them. The associated exorbitant ticket size is simply too high to … Read more

Genesis San Diego Receives First Life Science Tenant

Genesis San Diego Receives First Life Science Tenant

Formerly known as The Thomas Jefferson School of Law, this approximately 203,000 square foot, 8-story office building at 1155 Island Avenue has been converted into a state-of-the-art life sciences property. Modifications and improvements include upgraded HVAC and plumbing infrastructure (including VRF heating and cooling systems, new exhaust fans, 100% outside air for lab areas and … Read more

Keyway announces $25 million Series A to scale its commercial market

NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) — keyway, a technology platform radically simplifying commercial real estate transactions worth less than $20 million, today announced $25 million in Series A funding. The round was led by Camber Creek with participation from existing investors Canvas Ventures, Crosscut and Montage Ventures. Thomvest and Parker89 also took part … Read more

Hedge funds are eyeing Canadian real estate investments

Hedge funds are eyeing Canadian real estate investments

Institutional investors like hedge funds and pension funds have been buying single-family homes and other residential properties for some time, and one company has now stepped up its efforts in Canada. The Blackstone Group is expanding from sizable inventory investments into other real estate sectors such as residential and commercial. It is opening a new … Read more