Category Archives: San Jose

Sophie Says: “Silicon Valley [real estate] is bullet-proof”

Well, our frequent reader and commenter, Sophie, doesn’t really say it, the article on BusinessWeek.com does, but she tipped us off, so we’re passing it on.

And yes, we still focus on San Francisco real estate, but find ourselves looking more and more that way (San Jose/Penisula), and receiving more and more tips from there, so why not talk about it. Half of our residents work down there anyway.

Unlike other California markets that have been battered by foreclosures, real estate in Silicon Valley, part of the pricey San Francisco Bay area, has remained relatively strong and has been buoyed by the job growth in the technology sector and some of the highest salaries in the nation. The subprime problems that have vexed other parts of California have been relegated to parts of San Jose and to the outskirts of Silicon Valley. The towns with the best schools, including Palo Alto, Woodside, Los Altos Hills, and Cupertino also tend to have the most robust markets.

Please don’t go moving there. The city is more fun.

San Jose Stepping into Luxury High Rise Game

And we’re stepping outside our normal boundaries of San Francisco (It’s kinda scary in San Jose…don’t you think “james”?) by posting about a project going up in our tech power house neighbor town to the south.

picture provided by chasepr

-Axis is downtown San Jose’s first luxury high-rise condominium development, opening in May 2008.

-Neighbor to historic Hotel De Anza at the apex of Almaden Boulevard

-Homes will be priced from $400,000 to over $2M.

-22-story, 228 ft. tall glass and granite high-rise designed by noted architects Ankrom Moisan.

-329 spacious homes with luxury services and amenities, including floor-to-ceiling windows that provide breathtaking views of Silicon Valley.

-V.I.P. Reception Friday November 9, from 5-7…we might be there, but unlikely, and they’re opening the sales gates Saturday morning, hangover or not.

-Presentation Center open daily beginning Saturday November 10th, 11 a.m. to 6 p.m. at 38 N. Almaden Blvd. in San Jose; call (408) 297-9888; or, visit online at www.axissanjose.com

What could all this high rise development possibly mean for the future of our real estate market? You’d have to think those developers are counting on a bit of a return on their investment, wouldn’t you? (And yes, we know they planned these projects a long time ago, but they’re still planning more.)

-high rise development [theFrontSteps]

-www.axissanjose.com

-The Jury is in on what’s Going Up Transbay Style [theFrontSteps]

More details…read on….. Continue reading San Jose Stepping into Luxury High Rise Game