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Residential Real Estate news
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South Bay unemployment rate numbers down for April
The unemployment rate for the San Jose-Sunnyvale-Santa Clara metropolitan statistical area was 8.4 percent for April, down compared to 9.3 percent in March. This compares to 9.8 percent a year ago. Sectors adding jobs included leisure and hospitality, professional and business services, government jobs, manufacturing, trade transportation, and utilities. The area also includes San Benito County. For the San Francisco-San Mateo-Redwood City area, the unemployment rate was 7 percent for April, and...
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Lodge at Castle Pines sells for $50M
For the second week in a row, a huge apartment complex deal dominates the Real Deals headlines, this one a little farther south from Parker. Advenir, a Florida-based multifamily asset owner and management services company, bought the Lodge at Castle Pines apartment complex, 520 Dale Court, Castle Rock, for $50.85 million. “We think this is a great market to be in,” said Stephen Vecchitto, managing director. “It’s a higher-end marketplace, there’s barriers to entry and we just love the...
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Realtor Building reopens after copper theft
The Realtor Building reopened for business Friday following a copper theft.
The building at 1635 University Ave. NE, which houses the Greater Albuquerque Association of Realtors and the Commercial Association of Realtors-New Mexico, was closed Thursday because thieves had stolen copper wiring that impacted the power supply.
The wire was stolen from an exterior electrical box. Getting the building’s power restored took an electrical contractor and a Public Service Co. of New Mexico crew. Albuquerque...