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major San Jose housing project is advancing with a key real estate deal. The development, which will replace an empty office and tech building, will feature a seven-story apartment building with 292 units and 42 three-story townhouses in six buildings.
In related news, California lawmakers are considering a bill that would provide homeowners with cash to fireproof their properties. This move aims to mitigate the risk of wildfires, which have been a growing concern in the state.
Meanwhile, San Mateo's Hillsdale Mall is undergoing a major transformation into a mixed-use development. The project will bring new housing and commercial spaces to the area, but it has also sparked concerns among nearby residents about increased traffic and noise pollution.
The California real estate market continues to face challenges, with home sales tumbling below their Great Recession low for 21 months. However, there are still signs of growth in certain areas, such as Oakland, where eight apartment buildings were recently sold for over $60 million.
Another housing project is also underway in the East Bay, but it has been met with resistance from nearby residents who are concerned about its impact on their community. The project involves redeveloping a defunct mall and will bring new housing and commercial spaces to the area.
