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Apple lease in Santa Clara could force VTA back to the drawing board over BART extension plans – Silicon Valley Business Journal

Apple lease in Santa Clara could force VTA back to the drawing board over BART extension plans – Silicon Valley Business Journal

VTA is trying to head off a conflict over a critical piece of real estate that Apple leased last year in a surprise move. Depending on how the situation unfolds, it could add millions of dollars to the BART extension’s price tag, force both sides into court or precipitate changes to the existing construction and operating plan.

Sourced through Scoop.it from: www.bizjournals.com

I am sure they will work this out. But, ouch! Come on Apple, throw us a bone. 

 

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Silicon Valley apartment rent still rises in Q1 2016, but by a bit less, Real Answers says – Silicon Valley Business Journal

Silicon Valley apartment rent still rises in Q1 2016, but by a bit less, Real Answers says – Silicon Valley Business Journal

In Santa Clara County, the average asking rent for a one-bedroom apartment reached $2,361, up $23 from the prior quarter and 6.5 percent — or $143 — from a year ago, Real Answers said. The figure represents advertised rents for new leases at larger communities of 50 units or more.

Sourced through Scoop.it from: www.bizjournals.com

I like Nathan’s comment on rentsl  “prices could come back to earth”. Yes, after jumping nearly 10% in most areas and some even higher, some renters will move out to more distant parts of South County and Contra Costa County.  That will slow demand in 2016 but not by much.  However, I will say if Landlords want even higher rents, they will start accepting pets and multiple tenants on a lease. 

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