Developers Plan 317 Affordable Homes in Office Conversions

Recent property activity ranges from individual home sales to larger reuse projects. In Israel, reported second-hand apartment sales included prices from NIS 560,000 for a Beersheva apartment to NIS 4.5 million for a Jerusalem apartment. In San Diego’s Little Italy, Vintage Housing bought a foreclosed office tower for $26 million and plans to convert it into 184 affordable homes, with completion targeted for 2029. In Pasadena, Elysian Housing acquired ZK Plaza for $13.4 million and plans to create 133 affordable units by reusing the existing office building and adding a new residential structure. Separately, Vietnam’s Ha Tinh province reported leasing 98 surplus public properties, generating about 18 billion dong annually, as part of efforts to put unused state assets to productive use.