San Francisco's First Positive Net Energy Condos Create A New Sustainability Standard
April 18, 2018

San Francisco's First Positive Net Energy Condos Create A New Sustainability Standard

Last Call! Join SRM Development, California Capital and Investment Group, Carmel Partners, Mission Bay Development and more at Alameda County Multifamily & Mixed-Use

A new condo project in San Francisco's Mission District is the city's first passive house-certified net positive multifamily building.

The solar panels in Sol Lux Alpha create enough energy, which can then be stored in batteries, to power the building indefinitely, Off The Grid Design CEO and principal John Sarter said during a tour of the property. Each 1,800…

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CIM Group, 1547 Break Ground On San Francisco's First Data Center In Over 10 Years

CIM Group and 1547 Critical Systems Realty broke ground on a 240K SF data center campus on 7.3 acres at 400 Paul Ave. in San Francisco on April 10. This project is San Francisco's first data center in over 10 years. The…

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New Condos Selling In A Matter Of Weeks In Silicon Valley

Silicon Valley condo pricing has increased in the double digits and time on the market is at an all-time low of about two weeks. There is an ongoing shortage of new condos in the region following years of apartment development, and some developers are starting to shift toward condo projects.

In Silicon Valley, condo prices increased 19.8% year over year to $810K from December to February, according to a report from Polaris Pacific. San Jose posted the highest increase in the region at 26%. There are 1,098 new condos under construction…

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Walmart Investing Millions To Remodel Over Two Dozen California Stores

Walmart is planning to spend $145M to renovate 34 California stores, including stores in San Jose, Fairfield and the Central Valley, the East Bay Times reports. Renovations are expected to include moving pickup service locations to the front of the store…

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Apartments Nationwide See First Increase In Rents Since Last Summer

Average U.S. multifamily rents rose slightly in March by $4 to $1,371/month, according to the most recent Yardi Matrix Multifamily Monthly report. 

That might not sound like much, but average rents nationwide have been essentially stagnant since July 2017, Yardi reports, not moving more than $1 in either direction since then.

Click here to read the full story.

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Got news? Email Bay Area reporter Julie Littman at julie.littman@bisnow.com