San Francisco
Largest Rental Markets Flat at the End of the 2017 Peak Rental Season
Although over 80 percent of the nation’s local markets have recorded year-over-year rent growth in September, stagnating or decreasing prices have been noticed in the largest and most expensive cities in the U.S., where renters have long been waiting for some relief.
Rent Deceleration Continues in San Francisco
The metro’s economy is strong and market indicators reflect continued growth, albeit at a slower pace than a couple of years ago. As supply continues to catch up with demand, Yardi Matrix expects rents to rise 0.8 percent in 2017.
SF Bay Community Changes Hands
HFF brokered the sale of Atlantic Apartments, a 186-unit value-add, garden-style community in Alameda, Calif., on behalf of the buyer.
CapitalSource Provides Construction Loan for CA Asset
The Nexus will offer 70 units and 238 beds, including a few affordable apartments. The community is in close proximity to University of California, Berkeley’s main campus.
Mogharebi Closes Record Breaking Sale in Fairfield, CA
The company closed the sale of Spring Meadows Apartments at a $160,000 price per unit. This marks a record price for communities built before 2000 comprising more than 30 units.
Bay Area Senior Living to Break Ground
Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.
KTGY-Designed Fremont Senior Community Breaks Ground
A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.
Affordable Bay Area Project Breaks Ground
KTGY Architecture + Planning and EAH Housing have begun the construction of Estrella Vista, a $64 million, 86-unit, mixed-use development in Emeryville, Calif.
CDP Opens Affordable Senior Community in SF Bay Area
The Huntington is a 114-unit property in Morgan Hill, restricted to residents earning 50 to 60 percent of the area median income. KTGY Architecture + Planning designed the project.
Trion Properties Expands its Footprint in Fremont
Americana Apartments changed hands for the first time since its construction in 1966. The buyer will rebrand the asset as Parc 88.