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New York City-based buyer has acquired the 188 West St. James Street complex, a pair of downtown San Jose residential towers that had been on the verge of foreclosure due to neglectful ownership. The new owner aims to revitalize the property and turn it around.

    The towers, located at the corner of West St. James Street and North San Pedro Street, were facing financial difficulties after being left in disrepair by their previous owners. However, with a fresh investment, the complex is expected to receive much-needed attention and renovations.

    This acquisition serves as a prime example of how new ownership can breathe life into struggling properties, bringing them back from the brink of foreclosure. The buyer's plans for the property are likely to have a positive impact on the surrounding community, revitalizing a once-neglected area of downtown San Jose.