Modera The Alameda, a 168-unit apartment building on The Alameda near the SAP Center and Diridon train station, is a step closer to transformation into an affordable housing complex following a unanimous vote by the San Jose City Council.

A $100 million package of tax-exempt bonds to finance the purchase of Modera The Alameda is the funding centerpiece of the affordable housing conversion.

The city’s decision paves the way for the anticipated future owner of the property to pursue the financing for the apartment complex at 787 The Alameda.

The $100 million financing package would be used for “the acquisition, rehabilitation, improvement, and equipping of 167 apartments and one manager’s unit to transition to an affordable housing development,” a city staff report states.

The California Municipal Finance Authority, an agency jointly established in 2004 by multiple government agencies, is slated to issue the bonds for the purchase of the Modera apartment complex.

“This will allow the Modera development to move forward with its current financing plan and create much-needed affordable housing,” the city staff report stated, referring to the financing package to convert Modera into affordable housing.

The California Municipal Finance Authority acts as a conduit for tax-exempt bonds to finance an array of projects to promote economic development.

“San Jose lacks a sufficient amount of affordable housing to meet residents’ needs,” the city staff report states.

The conversion proposal sketches out a plan whereby Catalyst Impact Fund, a nonprofit, would purchase Modera, the city documents show. Catalyst Impact would buy Modera the Alameda from current owner AEW Capital Management.

Once the apartments are converted to affordable housing, they would be set aside for very low-income and low-income individuals and families.

People who live in Modera typically pay monthly rents that range from a low of slightly more than $2,300 a month to nearly $4,600 a month, apartments.com reports.

“To avoid displacement of any current market-rate residents, units will transition to affordable upon move-out,” the city staff report states. “Existing residents who income-qualify will be offered affordable rates upon lease renewal.”

Of the 168 units, 34 units will be set aside for people at the 50% area median income level and the remaining 134 units will be restricted to people at the 80% area median income level, city officials say.

“The 2023 income limit for households with 50% area median income is $62,450 to $89,200 a year and the 80% area median income is $96,000 to $137,100 a year,” the city staff report stated.

Modera’s current assessed value is $101.7 million, county documents show.

The proposal would remove Modera from the property tax rolls — which means the complex would no longer generate property tax revenue once the new owner takes over.

About $1 million a year in property tax revenue would be wiped out as a result of conversion to affordable housing.

Despite the loss in property tax revenue, a conversion makes sense, in the view of Bob Staedler, principal executive with Silicon Valley Synergy, a land-use consultancy.

“Existing units can be purchased for less than the exorbitant cost to build new affordable housing,” Staedler said.

Ryan Christopher, a San Jose resident, wrote an email to city staffers that raised questions about the wisdom of the conversion to affordable housing, especially if a significant hit to San Jose’s revenue from property taxes is in the offing.

“It appears to me that the 80% area median income rents are very similar to the current rents at the property,” Christopher wrote in a Nov. 14 email to the city. “As such, it seems questionable that there is a public benefit, and certainly questionable that we should forgo tax revenue to support this.”

Apex Development of Calabasas last paid rent in September 2022 and owed more than $600,000 to Caltrans, according to court records.

Apex and owner Ahmad Anthony Nowaid rented the property — and three others along the 10 — through California’s “airspace” leasing program, which rents out state land under and alongside freeways to fund mass transportation projects.

The 10 Freeway fire and the long-standing conditions that fueled the inferno have now raised concerns about the Department of Transportation’s ability to oversee such leases statewide.

“There needs to be an investigation,” Assemblymember Miguel Santiago said. “Caltrans should move at lightning speed to inspect all of these facilities and all our airspaces to ensure that they’re in compliance, to ensure public safety is upheld and to ensure that this doesn’t happen again.”

Gov. Gavin Newsom at a press conference Monday, Nov. 13, indicated the fire was likely intentionally set by an arsonist and noted the state would be reviewing other airspaces as a result. Four of the state’s leases with Nowaid are along the 10 Freeway, records showed. The leases allowed for the “parking of operable vehicles and open storage,” according to copies included in the eviction cases.

Caltrans did not require Nowaid to obtain fire insurance.

Several of the sites appeared to be in violation of their leases with piles of flammable materials and damaged cars visible from the street.

The original lease between Apex and Caltrans for the land at 1361 Lawrence St., where the freeway fire occurred, expired in 2015 and transitioned to a month-to-month agreement at the time, yet the state didn’t start the eviction process until August this year, records show. The following month, California filed a lawsuit against Nowaid, two of his companies and a slew of small businesses illegally subleasing that site and four other freeway properties, according to the court records.

Apex blatantly violated its lease at the Lawrence Street property for more than a decade, even before the company stopped paying rent. Images captured by Google Maps over the years show flammable materials stacked against freeway columns in nearly every year since 2009. Caltrans issued strict storage guidelines in 2018 requiring materials to be kept 20 feet from columns following a fire that collapsed a portion of Interstate 85 in Atlanta.

Nowaid allegedly crammed a dozen businesses onto the 49,000-square-foot site where stockpiles of wood pallets, cardboard and leftover hand sanitizer eventually ignited to shut down one of the busiest freeways in the country. More than 300,000 commuters use the 10 daily and officials estimate it could take three to five weeks to repair the damage.

Caltrans did not respond to a series of questions about its lease with Apex, its inspections, or the revenues earned from airspace leases in general.

Based on the past-due rent, Caltrans made about $600,000 per year from all five properties leased to Nowaid and his companies, according to court filings.

Squalid conditions

Interviews and the state’s eviction filings suggest Nowaid operated the state-owned land with little scrutiny, offering below-market rates to the handful of businesses willing to operate in sometimes squalid conditions. One of Nowaid’s tenants estimated he made $23,000 per month off of the Lawrence Street property where the fire originated, though Caltrans charged him $6,518 per month, or $78,000 per year, to rent it.

Rudy Serafin moved his business, Serafin Distribution, onto the property in 2009, just a year after Nowaid obtained his first lease from Caltrans. The lease prohibited subleases without Caltrans permission and required Nowaid to pay half of any extra rent from a sublease to the state. Neither seems to have happened.

A state employee came by about once or twice a year to inspect the property, but never raised any concerns about the flammable materials stacked next to freeway columns, Serafin said. The multiple businesses operating on site, including a mechanic, a recycler, and a pallet company, were obvious and the Caltrans employee seemed to be aware that Nowaid was subleasing, he said.

Both would have been clear violations of Apex’s lease and the state’s safety guidelines.

Drawn by low rent

Though the conditions could be problematic, Serafin said the $4,500 he paid in rent outweighed the negatives. A similarly sized building would have cost three times as much, something he couldn’t afford with the narrow margins he made. The low rent and the close proximity to the freeway and to his clients, particularly in the fashion district, made the location valuable for his business, he said.

“We’re the kind of people that really work to eat the next week,” Serafin said. “We don’t have a lot of savings, we don’t have a lot of money. I had it all in my business.”

Serafin buys hangars, boxes, tape, elastic and other in-demand supplies — such as hand sanitizer and masks during the pandemic — in bulk and then sells the pieces off, sometimes one at a time. He estimated he had about 50 to 100 bottles of hand sanitizer left when the fire hit early about 12:30 a.m. Saturday near East 14th and Alameda streets.

“That’s how we make our money, we buy 100 and we sell it one by one,” he said. “I wasn’t hoarding anything. I wish I could have sold it.”

Serafin estimates he lost $800,000 worth of product in the blaze. None of it was insured. No insurance company would offer him a policy, he said, because of the conditions in the surrounding community, where homeless encampments and smaller fires were frequent. The police rarely responded to calls about the problem, he said.

Conditions precarious

In the last two years, the conditions had become noticeably more precarious, he said.

Individuals from a homeless encampment roughly a block away regularly dumped buckets of feces into the drains outside of Serafin’s business. Hoards of rats swarmed at night and the smells, and flies, during warmer weather made it impossible to eat lunch on site during the summer, he said.

Luis Cartagena of Eagle Wood Services, one of the companies named in Caltrans’ eviction lawsuit, told the Associated Press that he stopped using the property for his wood pallet business more than a year ago because he was losing so much to theft.

Serafin and others learned that Nowaid allegedly hadn’t paid rent since February 2020 from a Caltrans employee inspecting the property in May. The employee said Nowaid owed more than $2 million.

Caltrans did not respond to questions about the discrepancies in dates.

Nowaid, however, denied he was delinquent when Serafin and the other business owners reached out to him. It was some kind of mistake, he reportedly told them.

“We told him he needed to fix it, or we wouldn’t pay the rent,” Serafin said. “He came over with a bunch of guys, closed the doors, kicked people out — grabbed them and threw them out.

“Honestly, my livelihood was in there, so we just paid him,” he said.

The group continued to pay rent until they were each served with the Caltrans lawsuit in late October. When Nowaid sent someone to collect in November, Serafin told the man he had check stubs verifying that he’d been paying rent the entire time.

“A week-and-a-half later, our place was burned down,” he said.

Nowaid called Serafin the night of the fire to verify that it was the lot. Then Nowaid asked if there would be an investigation, Serafin said.

Serafin said yes. “He hung up,” he said.

Nowaid and Apex could not be reached at three different numbers listed for the business.

Serafin and the others weren’t allowed back on the property following the fire. He doesn’t know if his computer with Serfain Distribution’s accounting survived, but he isn’t getting it back either way, he said. He is now tallying up debts and outstanding bills from emails and other scraps of information, he said.

He always viewed the business as his retirement plan, he said. Now, he has to start all over again.

The big-box retailer has decided to permanently shut down three Bay Area stores, located in Oakland, Pittsburg and San Francisco, in the wake of thefts and crimes that afflicted the trio of retail sites.

That move also has erased 238 Bay Area jobs as a result of the permanent shutdowns, with dozens of layoffs at each of the three store sites.

Here are the details of the Target layoffs that arose from the store shutdown decision:

— Pittsburg, 4301 Century Boulevard, 106 job cuts

— Oakland, 2650 Broadway, 69 layoffs

— San Francisco, 1690 Folsom Street, 63 job cuts

“Our team continues to face an unacceptable amount of retail theft and organized retail crime,” Brian Cornell, Target’s chief executive officer, said in a conference call with Wall Street analysts in August.

Within a month of that conference call, Target disclosed it would close nine stores in four states, including three in the Bay Area.

The employees affected by the Bay Area layoffs are not represented by a union. The workers also do not have the right to displace, or “bump,” employees with less seniority. Target stated the store shutdowns would be permanent in WARN letters the retailer sent to the state Employment Development Department.

Despite the pending job cuts, which were scheduled to begin Nov. 9 and be complete by the end of this year, Target held out hope that employees might land jobs at other Target stores, details contained in the WARN letters show.

“Target separately provided information to employees about the opportunity to transfer to another Target store or receive separation pay,” Sonia Kumari, Target human resources business partner, said in the WARN letters.

The terminations will officially occur by Dec. 30 for those employees who choose not to transfer to another store or who are not eligible for a transfer.

“Target anticipates few involuntary terminations,” the retailer stated in the WARN notices.

LOS ANGELES — The area under an elevated Los Angeles freeway that burned last weekend was a kind of open-air warehouse with businesses storing everything from wood pallets to cardboard boxes to hand sanitizer on lots leased by the state through a little-known program that now is under scrutiny.

The blaze Saturday burned about 100 support columns, forcing the closure of a vital mile-long stretch of Interstate 10 near downtown that is used by hundreds of thousands of people daily. It could take crews working around the clock between three and five weeks to repair the freeway, Gov. Gavin Newsom said.

Newsom said the state would reassess the practice of leasing land under roads to bring in money for mass transportation projects.

Details of that program remain opaque. Newsom’s office directed questions about whether the state has any regular inspection protocols to state transportation officials. The California Department of Transportation, known as Caltrans, did not respond to questions about inspections or provide information about how many properties the state leases.

State Assemblymember Miguel Santiago, who represents part of downtown Los Angeles, said officials should disclose how many sites are leased under the program, the terms of contracts, how much money the program generates and how the state ensures companies comply with the contract requirements.

“Some of those actions could have prevented what we now see happened underneath the 10,” Santiago said.

Apex Development Inc. has leased the land under Interstate 10 since 2008. One condition of Apex’s contract stipulated it not allow flammable or hazardous materials to be stored there.

The fire that spread quickly over 8 acres (3 hectares) was fed by pallets, cars, construction materials and other items being stored under the freeway in an industrial neighborhood. No injuries were reported but at least 16 homeless people living in an encampment there were taken to shelters.

No arrests have been made and Newsom has said investigators are trying to determine if more than one person was involved in what officials said was likely arson.

Prior to the fire, state officials filed a lawsuit against Apex saying the company stopped paying rent last year and owes $78,000.

The lawsuit also says Apex was subleasing to six other companies. That can be legal if the company received permission from state and federal regulators but Apex did not, Newsom said.

Apex has confirmed the litigation but has not answered other questions through a lawyer.

Owners of two of the companies that subleased the property said they had warned of fire danger and other hazards related to homeless people living under the freeway. Luis Cartagena of Eagle Wood Services said he decided to stop using the space for his wood pallet business more than a year ago because he was losing so much to theft.

“Since day one there was a lot of homeless people there, drug dealing, prostitution and there was a lot of theft,” he said. “I couldn’t leave anything.”

Rudy Serafin said he’s been leasing space under I-10 from Apex since 2009. He uses it to store supplies for businesses in the garment district including hangars, boxes and bags. He also stores office supplies including hand sanitizer, which is flammable.

He estimates he lost $800,000. “I don’t know what I am going to do. I am 49 years old. I have no other resources. This is my livelihood. This is what I feed my kids with,” he said.

Serafin said he’s been unable to get insurance for his business because of concerns about homeless people using cooking fires in the area. He said he and other businesses called the city repeatedly to request a cleanup of the encampment. The city removed homeless people from the space once, and then encampments quickly returned, he said.

The city didn’t respond to a request for comment about whether they had received complaints or removed people from the site. Los Angeles Mayor Karen Bass on Monday warned against assumptions that homeless people had started the blaze.

Serafin said he and other contractors received a notice from the state transportation agency in May saying Apex wasn’t paying its rent. Serafin and other business owners then decided to stop paying Apex, but then lost access to their properties. They resumed paying and tried to work directly with Caltrans but the agency’s lawyer said he couldn’t negotiate with them, Serafin said.

Serafin said he signed a contract with Apex back in 2009 but could no longer find it.

The danger of storing flammable materials under elevated interstates has drawn the scrutiny of federal investigators in the past. After a 2017 fire collapsed a section of Interstate 85 in Atlanta, the National Transportation Safety Board criticized the Georgia Department of Transportation’s decision to store construction materials beneath the bridge without assessing the fire risk. The department said it immediately changed storage practices.

California Fire Marshal Daniel Berlant said investigators have identified where Saturday’s fire started and what caused it after sorting through the rubble for evidence, but did not specify what they found. He had no information on a suspect and said investigators are talking to witnesses, including homeless people and nearby business owners.

An estimated 300,000 vehicles use the stretch of freeway daily, which runs east-west across the heart of the metropolis and connects with other major freeways. The city has been urging people to avoid the area, take buses and trains, or work from home.

___

Taxin reported from Orange County, California. Associated Press writers Sophie Austin in Sacramento, California, Christopher Weber and Stefanie Dazio in Los Angeles, Jeff McMurray in Chicago, and Anisha Frizzell in Atlanta contributed to this report.

More than 800 apartments are being eyed on 3.2 acres of land at 7 Topgolf Drive in San Jose’s Alviso district, according to the filing with city planners.

At one point, a 200-room hotel was envisioned for the site, a project that seemed like a good bet when the proposal was floated before the onset of the coronavirus pandemic and the start of business shutdowns in March 2020.

Once the deadly virus arrived and began to batter the lodging and travel industries worldwide, the hotel project’s prospects deteriorated.

The North San Jose hotel was never constructed. Instead, the project encountered severe financial woes.

The property’s loan fell into default. Ultimately, the loan was foreclosed and the lender seized the property.

Pine Tree Investment & Management, a South Korea-based real estate firm that is an affiliate of the lender, took ownership of the empty land in May 2022, documents on file with the Santa Clara County Recorder’s Office show.

Through a trustee’s deed, Pine Tree Investment paid $27.6 million to buy the land in the wake of the foreclosure.

Now, a unit of Genesis Commercial Capital, a company that provides financing for real estate investments, has filed a proposal for the development of housing at the site.

The proposal calls for the development of 804 apartments on a site that’s bounded by Topgolf Drive, Anderson Alley, North First Street and Bay Vista Drive, the city planning documents show.

KnD Co., the Genesis Commercial Capital unit, wants to develop the eight-building housing project next to the bustling Topgolf sports, entertainment and dining venue.

The developers seek an expedited city planning review of the proposal via the SB 330 state law. Developers can employ provisions in SB 330 to limit roadblocks that local government agencies can place in a project’s path.

A housing development on a one-time site for a hotel project serves as a fresh example of a fast-shifting economic and real estate landscape in San Jose and the Bay Area more broadly.

Before the outbreak of the coronavirus, office and hotel projects were very much a popular notion.

Developers rushed to meet the demand directly with new office projects and indirectly with hotel sites.

But remote-work mandates altered how tech companies organize their workplaces.

Even after business shutdowns officially ended, tech companies still shed office space, chopped jobs and shrank their workplace footprints. Companies curtailed business trips, which reduced demand for hotel rooms.

As a result, developers have launched a new kind of stampede. This time, developers are racing to seek approvals for new housing projects, frequently on existing or proposed office, hotel or retail sites.

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  The foyer. (Photo by Bowman Media Group)

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  The living room. (Photo by Bowman Media Group)

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  The former library is now another living room. (Photo by Bowman Media Group)

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  The family room off the kitchen. (Photo by Bowman Media Group)

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  The kitchen. (Photo by Bowman Media Group)

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  The primary bedroom. (Photo by Bowman Media Group)

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  The guest house’s main living area. (Photo by Bowman Media Group)

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  A view of the pool area. (Photo by Bowman Media Group)

Former “Real Housewives of Orange County” cast member Elizabeth Lyn Vargas has put her La Quinta Polo Estates home on the market after a complete renovation for $8.995 million.

The list price is nearly triple the $3 million she paid for it in February 2021, records show.

“My blood, sweat and tears have gone into this remodel, and a lot of money, and I’m now finally finished,” Vargas said in an Instagram post in October.

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A post shared by Elizabeth Vargas (@elizabethlynvargas)

Built on a 2-acre lot in 1991, the roughly 10,000-square-foot home has six bedrooms and eight bathrooms.

Updates include new flooring, fixtures, interior and exterior paint and kitchen and bathroom remodels, according to TMZ, which first reported the listing, twice.

TMZ reported Vargas initially put the home up for sale at $9.95 million in March 2022. It resurfaced Nov. 10 at its current ask.

While the listing is spare on actual details, before and after MLS photos show its transformation from a red-roofed Spanish style with terracotta to a modern luxury home.

A towering portico leads to the foyer of the main house. Beyond it lies the living area where built-in display cabinets flank the fireplace surround and raised hearth in the all-white space with decorative ceiling beams and marbled floors.

What had been the library off the great room is now another living room.

French doors open the main living areas onto the lush, resort-style grounds that boast a large pond teeming with over 300 koi, a pergola-covered barbecue center and a great room with a fireplace, a swimming pool with a fountain feature, a spa and a tennis court.

There’s also a guest house.

Back inside the main house, a door separates the dining room from the eat-in gourmet kitchen with a waterfall island and a breakfast nook. The kitchen flows into the family room.

At the opposite end of the house is the primary suite. It has two walk-in closets and a bathroom with a jetted tub and a separate shower. French doors open the primary bedroom to a large sitting room, which leads to a home gym with a bathroom.

A perk of living in the gated community is access via private entrance to the nearby polo fields, where tournaments and music festivals are the big draw.

Bravo fired Vargas in 2021 after one season on the show. She’s opted to keep the listing in the Bravo housewife family with Gina Kirschenheiter, Travis Mullen and Dave Archuletta of First Team Real Estate.

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A post shared by Gina Kirschenheiter (@ginakirschenheiter)

In addition to reality television, Vargas is known as a businesswoman. Her brands include being the founder and president of Newport Beach-based Vargas Spirits, the parent company of Vargas Vodka. She also established the no-kill We Care Rescue Ranch foundation whose work includes raising money for free and low-cost spay and neutering.

“When I look at the statistics, we are not happy,” Lawrence Yun, chief economist for the National Association of Realtors told his membership Tuesday, Nov. 14, in Anaheim.

“We underwent two years of a kind of difficult time period in real estate,” Yun added. “(A) 20-year high in mortgage rates have (caused) our buyers (to have) shockingly higher monthly mortgage payments.”

Also see: Just 15% of Californians can afford a home, lowest rate in 16 years

A doubling of payments led to a 32% drop in existing home sales over the past two years, curbing income for the vast majority of agents.

Slightly better times are ahead for the nation’s real estate industry, Yun said during his 2024 forecast at the Anaheim Convention Convention Center, where more than 12,000 Realtors are gathered for their annual conference.

Existing home sales are forecast to rise to 4.7 million houses and condos in 2024, up 13.5% from this year’s projected total of 4.2 million transactions.

While an improvement, next year’s sales still will lag the pandemic sales boom, when 5 million to 6 million U.S. homes changed hands annually.

The median price of a U.S. home — or price at the midpoint of all sales — is projected to rise slightly to $389,500, up from an annual record of $386,700 this year.

With the 30-year fixed mortgage rate averaging well above 7% this year, the vast majority of home shoppers have been priced out of the market.

Yun predicted that mortgage rates are likely to come down next year and that the pool of sellers is likely to get bigger. He also expects the 30-year mortgage rates to drop below 7% by next spring’s busy homebuying season, with a 2024 average in the 6.1% to 6.6% range.

“It will be much better than now,” he said.

That drop in rates will draw more buyers back into the market, he predicted. And because sellers can’t wait forever for today’s rates to match what they now pay on their current mortgage, many who have been waiting to move will put their homes up for sale.

“Over the past two years, people’s lives have changed. Seven million newborn babies. Three million marriages. … Seven million Americans have turned 65,” he said. “People are going to begin to say, ‘You know, life goes on. I don’t want to give up my 3% mortgage rate, but I need a larger house.’ ”

Also see: Will California ever have another buyer’s market for homes?

This means, Yun said, an increased supply of homes for sale along with an increase in homebuyers.

For the economy as a whole, Yun sees signs of economic distress alongside positive indicators.

While the economy is growing at 4.9% this year, business growth is essentially flat thanks to high borrowing costs. Credit card delinquency rates are at historically low levels but are starting to tick upwards. The historically low unemployment rate is turning around and now is at the highest level in two years.

“Things are beginning to shift,” Yun said. “Maybe we’re not in a recession, but we could fall into a recession if these (trends) continue.”

Judge Fred W. Slaughter granted the motions to dismiss the case filed by the state and the Southern California Association of Governments. Attorney General Rob Bonta, in a statement, celebrated the judge’s decision.

“We filed a motion to dismiss Huntington Beach’s federal lawsuit because we believed it was meritless. We are pleased that the court agreed,” Bonta said. “With this behind us, we look forward to prosecuting our state case against Huntington Beach. Everyone must do their part to address California’s housing crisis.”

In March, the state filed its lawsuit against Huntington Beach accusing it of knowingly violating state housing laws. Hours after top state officials announced the lawsuit, the city sued the state in federal court, arguing that because Huntington Beach is a charter city it wasn’t subject to state housing allocation laws.

The court ruling comes days after the state’s case in Superior Court was put on pause until the federal case was decided.

California for decades has required local communities to plan for housing at a variety of price points, including at affordable levels, to meet future needs and cities have been given allocations to help meet the demand. In recent years, the legislature has given the process more teeth.

The state wants Huntington Beach to adopt zoning that would allow developers to build 13,368 new housing units over the next eight years, almost 6,000 of which must be low- or very-low-income housing.

“The city’s lawsuit is compelling and should be given a full, proper analysis under the law,” Gates said in a statement.

Slaughter ruled that Huntington Beach lacked standing to bring federal constitutional claims challenging state housing allocation laws. Slaughter also wrote that the City Council’s personal objections to state housing mandates were insufficient to have standing.

The California Department of Housing and Community Development in 2019 allocated 1.3 million new housing units to cities in the six-county region of the Southern California Association of Governments for the current planning cycle. SCAG denied an appeal from Huntington Beach in 2021 over its allocation of 13,368 housing units.

The City Council has not adopted a compliant housing element that establishes zoning to meet that allocation.

Gates previously said the state wouldn’t be able to issue any penalties against Huntington Beach over not having a housing element in place until the federal case was finished, including any appeals.

The rustic-style house has four bedrooms and six bathrooms in 4,318 square feet. It blends in natural elements of wood beams and stones, as well as fire-resistant materials.

The property boasts generous amenities and sustainability. Features include a dual-person home office, a bocce ball court, an outdoor kitchen and a spa. A  20,000 Kwh solar system, Tesla Powerwalls and a pool made from a reusable shipping container are among the environmentally conscious elements. A refurbished vintage Airstream also offers extra living space.

Michael Wilhelm with Compass is the listing agent.

Blackhawk Plaza, a Danville mall that has struggled with brutal vacancies in the wake of the coronavirus pandemic, has landed new tenants that will fill up more than 53,000 square feet of space in the complex.

These are the new tenants at Blackhawk Plaza:

— Apple Cinemas is leasing 26,200 square feet, a movie house that will bring a welcome replacement for the Century Theaters that abruptly closed in December.

—  Combat Sports Academy, which offers training in an array of fighting sports, has leased 26,600 square feet.

—  Osteostrong, a health wellness business, leased 1,500 square feet.

All three tenants are slated to open in 2024, according to JLL commercial real estate brokers Jeff Badstubner and Justin Choi, who arranged the leasing deals on behalf of Blackhawk Plaza.

Ramanujan Group, an Orange County-based investment firm, paid $38.3 million for Blackhawk Plaza in 2020, documents on file with the Contra Costa County Recorder’s Office show. Preferred Bank provided Ramanujan Group with $28 million in financing at the time of the transaction.

Gameday VR, Starbunni Arcade and Posh Nail Bar also recently signed leases at Blackhawk Plaza, further bolstering the center’s tenant mix.

“Apple Cinemas and Combat Sports Academy are great complements to the existing retail mix at Blackhawk Plaza, which includes a strong grocer-anchor, Draeger’s, and more than 40 other shops and businesses,” said Badstubner, a managing director with JLL’s retail advisory unit.