Riaz Capital Spends $18.15MM for Oakland Hotel, Planning Workforce Housing

OAKLAND, CALIF. – Riaz Capital, a fully integrated development, construction and property management company, has acquired the Z Hotel in Oakland and will transform the 102-door hotel into workforce housing apartments with added density as part of the company’s innovative approach to the Bay Area housing crisis.    Located at 233 Broadway in Jack London Square, the property was acquired during the COVID-19 pandemic at the value price of $18.15 million. It will be transformed […]