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Silverstone Properties Fails in its Bid to Rezone Property

May 12, 2008

Tweet After spending nearly two years working to entitle 7 acres of commercial property in West San Jose for housing, Silverstone Properties came up a vote short in the city council. The council voted this past week 6-5 against the rezoning of the property from its current office/industrial use to residential. The mayor and the […]

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Centex Bails Out Of Plant 51 Project and More

April 10, 2008

Tweet Centex has sold approximately 8,500 residential lots and units to Farallon Capital Management, RSF Partners, and Greenfield Partners. Part of the sale, which came in at an effective $455 Million after factoring in tax refunds back to Centex, included the Plant51 project in San Jose. According to the Business Journal, Centex┬ádid not even sell […]

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KT Properties Picks Up 1 S Market in Downtown San Jose

March 24, 2008

Tweet KT Properties has acquired the property locatd at 1 South Market St in Downtown San Jose from Haury Properties. Plans for the site include high-rise condominiums but could be changed to office if the demand materializes. KT and its partners are currently developing the AXIS residential condo project located at Santa Clara and N […]

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Commerce Department Releases November New Home Sales Numbers

December 28, 2007

Tweet The Commerce Department has released figures showing that new homes sales have dropped to a 12-year low. While the west has fared well, the rest of the country is showing a very poor performance: the Northeast saw a sales drop of 19.3%, the Midwest 27.6%, and 6.4% in the South. Only the West saw […]

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