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While high paid tech workers can generally afford to live in the region, others cannot. To afford a two-bedroom apartment in Santa Clara County, an individual must earn at least $54.60 an hour, or $113,560 a year. California software developers earn an average of $60.27 an hour; in contrast, the average elementary school teacher earns $39.40. [8]
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.. As of December 31, 2022, the company owned or had investments in 308 properties consisting of 79,597 apartment units in Southern California, San Francisco, Washington, D.C.
The entire downtown of Campo, California, hit that market this year for $6.6 million. The listing includes a 28-building portfolio with residential and commercial buildings.
Unison Home Ownership Investors (commonly known as Unison) is an American home ownership investment company based in San Francisco, California.The company uses a shared ownership model to allow customers to buy a home when they don't have enough capital to get a normal mortgage taking a percentage of the gain when the house is sold.
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of ...
The sale set the record for the largest property sale at auction in the United States, topping the Hearst Estate in Beverly Hills, which sold for $63.1 million in 2021. [21] The house lacked a certificate of occupancy and required an estimated $20 million in additional construction costs at the time of the sale. [7]
Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2023, the company owned 26 apartment communities comprising 5,940 apartment units in the United States.
In 2008, the company completed the development of The 88, the tallest building in San Jose, California. [8] In 2010, the company acquired the site of the former Drake Hotel in Manhattan for $305 million and began construction of 432 Park Avenue on the site. [1] It also acquired 15 William, its first investment in the Financial District ...