Avalon Bay Sells San Francisco South of Market Apartments

By Jon Peterson Arlington, Va.-based AvalonBay Communities Inc. has sold the Avalon Yerba Buena apartment property at 788 Harrison St. in San Francisco for $103 million to LaSalle Investment Management in an all-cash deal. AvalonBay acquired the property in January 2006 for $66 million. The property sold at less than a 4 percent capitalization rate, […]