Multifamily news in Finance & Investment - San Jose
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Gantry Secures $45M Refi for California Senior Community
Completed in two phases, Palo Alto Commons and Avant provide assisted and independent living across 187 units.
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PGIM Real Estate Closes $460M Senior Housing Loan
The financing covers a portfolio deal of more than 1,500 units, including three properties in Seattle.
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Levin Johnston Arranges Bay Area 1031 Exchange
Adam Levin and Robert Johnston facilitated the sale of an 18-unit community in San Jose, Calif., and the acquisition of a 15-unit asset in San Carlos, Calif.
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Mosaic Finances California Student Housing
A $68.8 million construction loan will pay for the construction of an 885-bed student housing facility serving the University of California-Merced.
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San Jose-Area Luxury Property Commands $292M
A joint venture of Carmel Partners and Merlone Geier Partners sold the 330-unit community in Mountain View, Calif.
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California Townhome Property Changes Hands
Levin Johnston of Marcus & Millichap advised the private buyer to offer $40.5 million for the acquisition.
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San Jose Community Lands $330M Loan
Z&L Properties Inc. is developing a two-tower, 640-unit luxury condo project in the downtown area.
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Silicon Valley Community Scores $58M Refi
JLL arranged the 10-year financing for the 172-unit luxury property in San Jose on behalf of Pacifica Enterprises.
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Stockbridge Pays $104M for Bay Area Property
The luxury residential property is located within walking distance to a future BART train station.
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Downtown San Jose Project Scores $67M Financing
Acquity Realty Inc. has received the joint venture equity and construction financing for The Firestone, a 130-unit apartment community with retail space in the downtown SoFA District.
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Google Invests $50M in Silicon Valley Fund
The investment is part of the company’s previously announced $1 billion commitment to help fund affordable housing in the Bay Area.
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Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
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Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.
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Inside the Bay Area’s Dynamic Investment Market
There has been some cooling of price and income expectations, but buyers are still enthusiastically grabbing up San Francisco and Silicon Valley multifamily. Levin Johnston's Robert Johnson and Adam Levin shed light on this trend and others.
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Gadsden Growth Acquires Bay-Area Asset for $240M
Mission Hills Square in Fremont, Calif., has 158 residential units and 53,900 square feet of retail space. The mixed-use development is expected to be completed in October.