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Amazon reveals top 20 city candidates for its second HQ

Amazon has reviewed the proposals from potential candidate cities for its second North American headquarters location, and it found 20 of those the most promising.

The mayors of these top 20 cities will now fight to the death in a Battle Royale-style island arena… er wait, no actually they’ll just move on the next portion of Amazon’s submission phase, which includes further proposal evaluation and working directly with the candidate cities on getting more info.

Without further ado, here are the cities that made the cut – 20 out of a total of 238 original applicants.

Read more from TechCrunch

Why Zillow says San Jose is the nation’s hottest housing market in 2018

Driven by quickly rising home prices and a tech job market that continues to draw more workers, the online real estate database Zillow has projected San Jose to be the nation’s hottest housing market in 2018 with San Francisco fifth in its top 10 list.

California, North Carolina and Texas each have two cities in Zillow’s top 10, which is based on a mix of six variables:

  • Its own home value and rent index forecasts for the year,
  • Income growth estimates,
  • Population growth,
  • Unemployment rates,
  • Job openings per person.
Read more from Silicon Valley Business Journal

Will 2018 Be Another Good Year For Silicon Valley Multifamily?

Silicon Valley’s multifamily market will continue to benefit from strong job growth that is propping up demand for housing as we enter 2018. The ongoing supply/demand imbalance throughout the region will continue to drive both ground-up development and renovation in old properties.

Silicon Valley is an ideal market for investment and redevelopment because the housing stock is 50 to 60 years old and can benefit from modernization, according to Calvera Partners Managing Principal Brian Chuck. Additionally, Silicon Valley offers good market dynamics, including a strong employment base with a highly educated workforce, barriers to entry and mass transit infrastructure, he said.

Read more from Bisnow

San Francisco homeowners want city to give back their street bought by San Jose investor

An investor scooped up one of the toniest private streets in San Francisco after its wealthy owners didn’t pay property taxes for years, a sale that the well-connected homeowners want city leaders to reverse Tuesday.

By taking up the issue, officials have sparked criticism that the city is not as fair and equitable as it claims, but a playground for the rich who don’t have to play by the same rules as everyone else. San Francisco has some of the most exorbitant property prices in the country and has become increasingly unaffordable for many people.

Read more from Mercury News

Downtown San Jose blighted blocks may get new life

SAN JOSE — A plan to build several dozen residential units in downtown San Jose is part of wide-ranging efforts to transform some blighted blocks, decaying buildings and vacant lots in the city’s urban heart into a vibrant community.

“Ultimately this is going to be a great, brand-new neighborhood in downtown San Jose,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use and planning consultancy. “This area north of San Pedro Square has always been the hole in the doughnut of the downtown.”

Read more from East Bay Times

San Jose lands in top 5 in new ranking of best Amazon HQ2 metros

San Jose is one of the top metros likely to land Amazon.com’s $5 billion “HQ2,” according to a new study.

The Bay Area’s largest city has been passed over in other rankings of most promising HQ2 contenders, but a study by real estate research firm Reis Inc. says it has potential.

Read more from Silicon Valley Business Times

Silicon Valley Housing Faces Significant Community Opposition

San Jose is trying to make development easier by creating urban villages that are meant to be walkable, bike-friendly, transit-oriented, mixed-use areas throughout the city, according to San Jose’s website.

But the city is struggling with defining what these villages are and how they will look, she said. This makes it even more difficult for developers to create projects that fit within these plans.

Read more from Bisnow

Apple ‘spaceship’ neighbors: Some say life has been hell

SUNNYVALE — At the end of Nightingale Avenue, a tall yellow brick facade now blocks the view of the Santa Cruz Mountains to the south. Residents call it the “prison wall.”

For Apple, the facade is part of the 100,000-square-foot wellness center at its brand-new “spaceship” campus.

But for some of the Nightingale residents, the prison wall — nicknamed for its drab color — symbolizes four years of pent-up frustration living next door to Apple’s huge construction project.

As Apple puts the finishing touches on its $5 billion campus set on 175 acres, Sunnyvale’s Birdland neighborhood has become a microcosm of the tensions that can erupt as tech expands and residents deal with clogged streets, fewer parking spaces and higher housing costs.

More from The Mercury News

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