What's Happening in Real Estate

A digest of important recent news and developments in real estate.

Bay Area real estate still a good buy.
The Urban Land Institute ranked San Jose and San Francisco among the top 20 metros for real estate prospecting, citing a growing local economy, young workforce and a long-term sustainable market.
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Bidding wars are taking a strange turn in the fall housing market.
In the past four years, the bidding war rate has dropped - not increased - from August to September.
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Facebook readies its next mega campus in Bay Area with Sunnyvale offices.
Social network titan has leased a million-square-foot Sunnyvale campus.
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Palo Alto to explore new laws to spur affordable housing production.
Proposals include new requirements for rental properties, higher housing-impact fees for commercial developments.
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Menlo Park to consider 320-unit housing, office development in the city’s Bayfront area.
A plan to build a seven-story apartment building and a three-story office building is up for initial consideration.
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Proposed 17-story building at Sequoia Station would be the tallest in Redwood City.
A developer submitted preliminary plans for a mixed-use development on the site.
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Santa Cruz reviews city landlord code compliance rules.
Point-of-sale inspections could be required.
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The 12 most expensive zip codes for Bay Area renters.
Some are pretty intuitive, but others are pockets of the Bay Area where the rental market is so small that it's astronomically expensive.
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Best wishes
Dominic Nicoli