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San Jose housing tower lurches into default as property market wobbles

Summary by The Mercury News
SAN JOSE — A San Jose housing tower with well over 300 units has lurched into a loan default in a fresh and ominous sign of weakness for the multifamily residential market. Related Articles Developer pulls out of Berkeley’s California Theatre redevelopment Sunnyvale moves to preserve commercial space in Village Centers amid housing push Here’s where Bay Area home values have changed since the pande…

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The Mercury news broke the news in San Jose, United States on Tuesday, July 8, 2025.
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