3355 Almaden Expressway Completed Structure, image via SRM Development

Firm Purchases Newly Completed Senior Living Complex at 3355 Almaden Expressway in San Jose

A recently opened senior living community at 3355 Almaden Expressway in San Jose was sold last week to a new real estate firm. George Avalos of the Mercury News reported that Welltower Inc, a major healthcare-focused group, purchased Novelle Senior Living for just under $100 million in cash. The site is a recent construction, opening it’s doors just last year. As of now, it is unclear why the original developers, Columbia Pacific Advisors and SRM Development, chose to sell it so soon after completion.

Read More


38 8th Street establishing view, rendering by Handel Architects

40-Story Skyscraper Proposed Near Civic Center, San Francisco

Initial permits have been filed for a potential 40-story mixed-use skyscraper at 38 8th Street in San Francisco’s Mid-Market District. The high-rise proposal would replace a surface parking lot at the corner of 8th Street and Stevenson with nearly three hundred apartments across from the Civic Center neighborhood. Manna Capital is the project developer, filing on behalf of the property owner, Napa County-based Aslanian 2006 Revocable Trust.

Read More