San Jose housing tower lurches into default as property market wobbles

siliconvalley.com/2025/07/08/san-jose-home-economy-house-build-property-develop-real-estate-loan

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.
The Fay, a 23-story apartment building at the corner of South First Street and East Reed Street in downtown San…

This story appeared on siliconvalley.com, 2025-07-08 16:25:37.
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