Archives For Silicon Valley

As home values began to rebound following the foreclosure crisis, the number of multi-million dollar homes in California climbed to a record high last year. According to reports from DataQuick, there was a 47% increase (4,500) in properties sold for $2-3 million, a 31% increase in homes sold for $3-4 million, and a 29% increase in homes sold for $4-5 million.

The majority of luxury home sales occurred in 25 cities along the California coast including Manhattan Beach, La Jolla, Hillsborough, Menlo Park, and Los Gatos. California’s most expensive sale last year was an 8 bedroom, 14 bathroom beachfront mansion in Malibu for $74.5 million.

The luxury-home market “responds to its own set of economic factors,” said John Walsh, President of DataQuick. Rather than traditional factors, things like initial public offerings, stock-market performance, and investment decisions can play a greater role.

Check out some of our favorite luxury homes for sale in California (below), or visit Househappy.org to view more properties.

This article can be found in its original form on Bloomberg.

Images: Househappy.org

From established businesses like Google and Facebook to young startups like Househappy, the tech industry has built a reputation for being a fun, lucrative, and increasingly coveted career choice for young professionals. Fortunately, the tech industry also has a high demand for labor. In fact, according to US News & World Report, the tech industry is expected to be one of the fastest growing fields between 2012 and 2022; however, despite already high employment numbers, there are certainly established hubs within the industry. If you’re looking for a high paying tech job, you may want to consider moving to one of these top 10 tech towns:

1. Silicon Valley, California (Includes Cupertino, Fremont, Mountain View, Menlo Park, Palo Alto, Redwood City, San Jose, San Mateo, San Ramon, Santa Clara, Sunnyvale, San Francisco, Oakland, Berkeley.)
Average salary: $109,000, up 7% in last year

2. Baltimore, Maryland/ Washington, D.C.
Average salary: $98,000, up 0% in last year

3. Los Angeles, California
Average salary: $96,000, up 4% in last year

4. Seattle, Washington
Average salary: $95,000, up 1% in last year

5. Boston, Massachusetts 
Average salary: $95,000, up 0% in last year

6. New York, New York
Average salary: $94,000, up 5% in last year

7. Denver, Colorado
Average salary: $93,000, up 3% in last year

8. Houston, Texas
Average salary: $92,000, down 2% in last year

9. Philadelphia, Pennsylvania
Average salary: $92,000, up 8% in last year

10. Austin, Texas
Average salary: $92,000, up 3% in last year

Source: Forbes

Image: Househappy.org

The Sandbox House co-living estate Berkley, CA, via Open Door Development

“You are the average of the people you gather around you.” At least according to NEST Copenhagen, one of the latest in a series of co-living spaces popping up around the world.

Inspired by similar co-living spaces like Blackbox Mansion in Silicon Valley and Haus24 in Stockholm, NEST is the equivalent of a modern-day commune for entrepreneurs. This new type of co-habitation was created around the principle of building “intentional communities” comprised of diverse groups of people with “a passion for high-impact ideas.”

The collaborative housing movement has become especially popular in high density, expensive areas like San Francisco and Silicon Valley. Each community generally includes enough space to house a couple dozen residents with a spectrum of rent options making co-living a great affordable housing alternative.

While each resident has their own private living area, the communal living estates put a large emphasis on creating shared space and shared amenities to encourage open dialogue, group activities, and community building, in addition to creating a more eco-friendly lifestyle.

Source: Atlantic Cities, Nest Copenhagen, and Open Door.

Map by Zara Matheson of the Martin Prosperity Institute, via The Atlantic.

We all know that Silicon Valley is a hot spot for the tech industry, but you may be surprised at some of the other locations that made this list of 25 leading locations for high-tech information jobs.

The map above identifies the concentration of high-tech jobs by county, based on data collected in an analysis by Michael Mandel of the Progressive Policy Institute.

Top 25: PPI Tech/Info Jobs Index

This post can be found in its original form at The Atlantic Cities

Zuckville: Anton Menlo

Rendering of the Anton Menlo housing complex, via Facebook

Welcome to Zuckville. Or is it Facebookland?

Either way, Facebook has recently announced plans to build a 394-unit housing complex within walking distance of their Menlo Park headquarters. With skyrocketing real estate prices and the ever-growing cost of housing in San Francisco and Silicon Valley, Anton Menlo is the social network’s answer to the area’s housing shortage.

To build the new residential community, Facebook has collaborated with local developer St. Anton Partners and enlisted the help of national architecture firm KTGY Group to design the 630,000 square foot complex.

“We designed a community built on amenities and social settings,” said Keith Labus, a principal at KTGY. “Anton Menlo has everything the young professional could want to complement their busy lifestyle.”

These amenities include a sports pub, café, pet spa and doggy daycare, a yoga facility, doctor’s office, bike repair shop, and various restaurants among other conveniences. Facebook has also reserved 15 units to be allocated to low-income housing.

Though generous perks and over-the-top offices aren’t uncommon in the Bay Area’s competitive tech community, Facebook’s new $120 million project has been met with some cynicism; Critics are already likening it to the steelworker and mining company towns in the early 20th century where employer omnipresence fostered unreasonable expectations and blurred the lines between work and home.

Mayor Peter Ohtaki, on the other hand, is “thrilled to have new housing options coming to the City of Menlo Park.”

“Providing new housing opportunities for employees working in the area will allow people to live where they work and to spend more time enjoying this great city,” he said.

Sources: The Wall Street Journal, National Real Estate Investor