Westcore Properties announced it has become the owner of the Greenville Business Center in Livermore for $23.3 million. This commercial real estate includes four buildings totaling 475,099 square-feet and it is rated Class A, The industrial center is located at Lawrence Drive and Las Positas Road, and the 24.81-acre site is about one mile south [...]
Financial distress doesn’t avoid churches. Now the San Jose-Mekane Rama Saint Gabriel Cathedral in San Jose faces hard financial times, as it is threatened with foreclosure The cathedral was established in 1986 by few Ethiopians who wanted to have a place of their own to worship and fulfill spiritual needs and the real estate served [...]
A recent report issued by Zillow shows that the struggling housing market continues to make victims. The percentage of homeowners who are underwater in up 7.7% since last year, making a total of 22.8% according to Zillow records. “Negative equity is growing because you still have foreclosures happening so the housing values are still declining,” [...]
Santa Clara County Superior Court stopped the sale of the troubled Sunnyvale Town Center 30 days ago. But according to sources the proposed 36-acre foreclosed mixed-use development project will go up for public auction Aug. 15. The previous sales attempt was stalled after the court-appointed receiver tried to sell the real estate without an open-auction [...]
The state’s plan to help troubled homeowners facing foreclosure was launched this week in California with the California Housing Finance Agency taking applications on a toll-free phone line. This program is designed to help homeowners receiving unemployment benefits keep current on their mortgage payments, so it will give as many as 60,000 eligible homeowners a [...]
The number of US homes receiving a foreclosure notice will be up 20% in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resumed seizures after the foreclosure moratorium, RealtyTrac reported. "We will peak in foreclosures and probably bottom out in pricing, and that’s what we need to do in [...]
San Francisco housing market update brings some numbers in front. Looking at the property prices we learned that there are big differences between the Excelsior and the Marina neighborhoods: $408 per square feet, and $817 per square feet, respectively. This per square feet price places Pacific Hights/Marina on the top of the list. This neighborhood [...]
San Francisco market shows some weeks signs of recovery if we look at the average price per square foot of a San Francisco home. The average price was $556 which means an increase of 7.5% compared with the same period last year. The median price of a housing unit presented a slight drop of 0.8% [...]
10 months. No, it’s not a late-born baby, it’s the inventory sitting on the seller’s block, which means the national housing market isn’t recovering at all. According to Trulia, sellers continue to cut the prices of homes on the market all over California and nationwide. The western and southwestern states are hardest hit: California, New [...]
The latest data show a slight drop of homeowners underwater in the area. The nationwide picture reflects 10.8 million household, or 22.5% of all mortgaged homes, which means a 0.5% drop from Q2. In East Bay, about 171,000 households or 31.2% of all mortgaged homes were underwater n Q3. This a significant decline from 178,000 [...]
