Kelly Kline, the Economic Development Manager for the City of Cupertino, filled in our Realtors' group on the many new projects in the city. Apple is expanding, and has leased an office building at De Anza and Mariani, among other properties. There are also many mixed use and retail projects in the works...one of the largest being Sand Hill Properties' 17.4 acre site at Stevens Creek and Tantau.
Residential projects are also near completion, but these are mostly condos or apartments for lease.
The residential real estate market in Cupertino, Sunnyvale and Santa Clara continues to outperform the rest of the county, and inventory in these cities is very low compared to the summer season in other years, with a high percentage of pending sales.
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