Meridian at Midtown, a 218-unit Midtown building in San Jose, changed hands for about $105.3 million — a sign buyers still prize well-located rentals. The deal offers a snapshot of cautious optimism in the local multifamily market.

A 41-year-old man was struck and killed on East Coast Highway near Newport Coast Drive; NBPD's Major Accident Investigation Team is handling the probe and seeking witnesses.

City Council deferred a plan to raise some downtown meter rates and extend paid hours after a flood of public comment. The proposal would affect about 1,600 meters and is projected to bring in roughly $1.2M a year.