Republic Urban Secures First Financing for San Jose Apartments
By Jon Peterson
Washington, D.C.-based Republic Urban Properties has secured more than $8 million in financing to forward the development of its Meridian apartment complex at 1400 W. San Carlos St....
Apartment Owner Tries Concord Mobile Homes
Sharon Simonson
A Concord mobile home park with 178 spaces has sold for $9.3 million to a private apartment investor looking for yield.
Joel Kelly, a principal with Oakland’s Bay Apartment...
Behringer Harvard Buys Concord Apartments
Jon Peterson
Dallas-based Behringer Harvard has paid $47.65 million in an all-cash deal to acquire The Renaissance apartment complex in Concord along with a neighboring land parcel.
The buyer acquired the...
AIMCO Buys Empty Marin County Apartments
Jon Peterson
Denver-based Apartment Investment and Management Co. has acquired a 126-unit complex in tiny, tony Corte Madera in Marin County.
The nationwide apartment REIT plans a total investment of approximately...
AREA Buys First Bay Area Apartments
Jon Peterson
New York City-based AREA Property Partners, the former Apollo Real Estate Advisors, has paid $59.6 million in cash for a 422-unit apartment portfolio in San Francisco. It is...
Union Pension Money Funds San Francisco Housing
Jon Peterson
The Washington, D.C.-based AFL-CIO Housing Investment Trust is betting long on San Francisco: With the completion of a $70 million loan to Emerald Fund Inc., the union pension-fund...
Burlingame Seeks Housing, Retail Construction
Sharon Simonson
The city of Burlingame is seeking developer interest in the remake of 20 city-owned parking lots as part of a larger mission to exploit the value of city...
Acacia Beats Two Dozen Bidders for San Ramon Apartments
By Sharon Simonson
A San Ramon apartment complex located near Bishop Ranch, the massive East Bay business park that is home to the Chevron Corp., has sold to a San Mateo-based...
Barker Pacific, Partners Buy A.F. Evans Affordable Apartments
Sharon Simonson
A venture that includes San Francisco’s Barker Pacific Group Inc. has acquired the general partner interests in 20 multifamily properties—half in the San Francisco Bay Area—from the bankruptcy...
More Pile Into Bay Area Apartments
By Jon Peterson
Chicago-based multifamily-property owner Waterton Residential plans to grow its San Francisco Bay Area footprint with the recent closing of its $500 million Waterton Residential Property Venture XI.
The...
