Silicon Valley real estate

Silicon Valley real estate

Ever since Mark Zuckerberg started building a multimillion-dollar family compound in Palo Alto's affluent Crescent Park neighborhood over a decade ago, noise has overtaken the once-peaceful enclave, an investigation from the New York Times reports. And, according to the outlet, he's attempted to placate the surrounding community with an assortment of gifts. Zuckerberg - who's now worth approximately $257 billion - sent Krispy Kreme donuts, sparkling wine, chocolates and noise-canceling headphones to his neighbors as a form of consolation.

MILPITAS - The 229-room Sheraton San Jose Hotel was bought for $20.1 million, according to documents filed on Aug. 22 at the Santa Clara County Recorder's Office, well below the property's assessed value. The purchase price for the hotel at 1801 Barber Lane, near the interchange of Interstate 880 and Montague Expressway, was 47% below its assessed value of $38.1 million as of January, according to county real estate documents.

The Newark apartment complex known as Dyln was purchased for $20.5 million, which is 41.6% lower than its last estimated value of $35.1 million as per county records.

The 142-room East Bay hotel is tied to a $204 million loan that financed 22 hotels across the country, highlighting the financial struggles in the lodging sector.

In the early 1900s, Los Altos began as a developing city with historical significance, particularly after land acquisition by Paul Shoup led to the establishment of the Los Altos Land Company.