IHP Capital, Grupe Co. Buy Entitled 2.6-Acre Pleasanton Office Site to Build 59-Townhome Black Ave Community

IHP Capital Partners and The Grupe Company have taken over the fully entitled 4400 Black Ave. site in Pleasanton, where a vacant 1970s office building will give way to 59 for-sale townhomes in a city that has finished barely 126 new homes in three years.