Apartments
The 2nd Street LLC Acquires 39-Unit First Street Manor in San Jose for $9.1MM
A San Jose-based investor paid $9.112 million for a 78-year-old apartment building a block from the Japantown light rail stop, betting that value-add...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Property Reserve Buys 330-Unit Mountain View Apartment Complex for $296.7MM
The LDS Church's investment arm, Property Reserve, pays $296.7 million for the 330-unit Village Residences in Mountain View, just 1.6% above its 2019...
Rubicon Point Partners Buys 160-Unit Ansel Apartments in San Francisco’s Hayes Valley for $98.3MM
A Class A apartment tower that Newmark spent much of this year marketing as a rare fee-simple, core multifamily offering has traded for...
Tesseract Capital Group Sells 100-Unit Modesto Apartments for $26.6MM
An assumable HUD loan carrying a 3.8 percent rate helped drive a Southern California buyer to pay a Central Valley premium for The...
Lurie Declares San Francisco ‘Rent Emergency,’ Backs $30MM Package as AI Boom Drives Record Rents
San Francisco Mayor Daniel Lurie declared a rent emergency and threw his weight behind a roughly $30 million spending plan and six ordinances...
Bell Partners Buys 250-Unit San Jose Apartment Complex for $140MM at $560K Per Unit
An East Coast apartment investor has paid a per-unit price well above the South Bay's recent average to land a downtown San Jose...
Ridge Capital Investors Sells 121-Unit Ukiah Apartment Portfolio for $23.5MM
The deal works out to roughly $194,200 per unit for a pair of renovated communities in a small Mendocino County market where two...
Carmel Partners Buys 263-Unit Silver Apartments in San Jose for $122MM
The $465,000-per-unit price lands near the middle of a run of recent Santa Clara County apartment trades, arriving as Essex's own leadership points...
Younger Movers Are Softening California’s Exodus, U-Haul Midyear Data Shows, With the Bay Area Among Their Top Draws
U-Haul's 2026 midyear migration report finds Millennials and Generation Z steering their moving trucks into California even as older generations keep heading for...
California’s Renter Majority Faces Deepening Strain as Bay Area Rents Climb 5.8%
California's renter economy has swelled past 16 million people, and a new statewide tenant snapshot shows affordability pressure intensifying just as the Bay...
Sack Capital Partners, LEM Capital Acquire 122-Unit Koda Apartments in Fremont
Sack Capital Partners and LEM Capital buy Fremont's 122-unit Koda Apartments, betting on a supply-constrained Silicon Valley submarket.
