K Street Flats in Berkeley Trades for $100MM
(EDITOR'S NOTE: The asset sold for about $588,235 per unit. Public records indicate the seller associated with Granite Bay Gardens, LP. The buyer, according to sources familiar with the...
Madison Park Offers up for Sale 408-Unit Residential Development Site in Oakland
By Jon Peterson
East Bay housing has had a resurgence since the start of the pandemic, and developers with shovel-ready projects are in some cases looking to capitalize on the demand...
Cal Housing Complex Near Berkeley’s Famed People’s Park Given Green Light by UC Regents
By Meghan Hall
A hotly-debated residential project in Berkeley has been formally--and overwhelmingly--approved. This week, the U.C. Board of Regents voted 17-1 to move forward with a $312 million development...
City of Brentwood & SteeleWave Acquire Apartment Complex in Brentwood for $49.5MM
By Jon Peterson
Secondary and tertiary markets across Northern California have benefited significantly since the global COVID pandemic broke. With flexible work schedules, employees began moving deeper into the suburban neighborhoods,...
Ownership of Affordable Housing Complex in Berkeley Closes on $34.2MM Equity Deal
By Meghan Hall
The City of Berkeley has seen continued development activity and investor interest, and a new multifamily deal has been added to the mix. At the beginning of...
Core Spaces Pitches 17-Story Student Housing Development in Downtown Berkeley
By Meghan Hall
Downtown Berkeley could see another major project added to the mix in the coming years. At the end of August, residential developer Core Spaces submitted plans for...
Pacific Urban Residential Announces Merger With Affiliate Hanover Real Estate Investors
PALO ALTO, CA – Multifamily owner-operator and investment manager Pacific Urban Residential (”Pacific”) and multifamily private equity investor Hanover Real Estate Investors (“Hanover”) announced a merger between the two...
141-Unit Apartment Community in Sacramento Sells for $13.5MM
SACRAMENTO, Calif.--The Mogharebi Group, (“TMG”) has completed the sale of Continental Terrace in Sacramento, a 141-unit community, located at 6921 Lewiston Way. The property sold with multiple offers for $13,500,000 (roughly $95,745 per...
Burlingame Planning Commission Votes to Grant Permit Extension to Proposed 298-Unit Complex
By Meghan Hall
A swift decision was made this month when the Burlingame Planning Commission voted unanimously to allow the development team behind a 298-unit project a permit extension, increasing...
1,900 Units at San Francisco’s Trinity Place Completed
Mixed-Use Residential Complex Adds a Total of 1900 Units to San Francisco Housing Inventory as Workers Begin to Return to the City
City’s Largest Whole Foods Market to be Located...
