CityView Buys Berkeley Apartment Note at Steep Discount

By Jon Peterson Los Angeles-based institutional real estate investor CityView has paid $66.8 million to acquire Berkeley’s 143-unit Arpeggio apartment complex, a cost well below the $91 million mortgage balance held against the property. US Bank acquired the complex in a deed-in-lieu foreclosure. The original developer was SNK Realty Group based in Dallas. CityView purchased […]