According to an article in Forbes, approximately 90% of American households have a car but a new partnership between a real estate development in San Francisco and Uber could change things in the future. Uber recently announced its first partnership with a real estate development in San Francisco that has more than 3,000 rental apartments.
Chinese Developers Building in the Bay Area
According to an article in SF Gate.com, Chinese money coming into the Bay Area housing market isn’t just confined to homebuyers. Now investors and developers are also backing and building large residential projects. Apparently this is because they would like to diversify away from China, and also because they want to be able to serve
China Vanke Expands to the US with San Francisco Property Deal
China Vanke Co, the largest Chinese stock exchange listed developer, has just closed its first property deal in the US real estate market, acquiring 70% of a residential project in San Francisco owned by Tishman Speyer Properties LP. The two companies signed the deal on February 12, but didn’t make the details public.