San Francisco
On the Market: 5 Interesting Listings for the Week of 4/17
This week’s listings include a newly renovated and college-adjacent property in Rowland Heights, Calif., and a 28-unit Phoenix community offered for less than $1 million.
Bay Area Affordable Veterans Housing Breaks Ground
Community Development Partners began construction on the $21 million project slated for completion by year-end. The innovative project’s structure will comprise modified steel shipping containers.
Walker & Dunlop Taps New SVP
Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.
29th Street Capital Buys 12th Bay Area Community
The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.
HFF Secures $23M for Walnut Creek Condos
The 48-unit community will be developed by a joint venture led by The Address Co. The property is slated for completion in the summer of 2018.
JV Nabs $37M East Bay Value-Add Apartments
Trion Properties and DVO Real Estate plan to modernize the 146-unit property in San Leandro, Calif., which was built in 1967.
From Dentistry School to Luxury Condos
Trumark Urban developed the 76-unit community, which includes 60 flats, six triplex townhomes and 10 townhouses. The architectural firm Handel Architects maintained the original façade while designing three-dimensional window bays and floor-to-ceiling glass windows for expansive views, enhancing the building’s geometric presence.
Summerhill Brings 994-Unit Project to Santa Clara
Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, Nuevo will be the city’s largest master-planned housing development since Rivermark.
TMG Partners to Convert San Francisco CPMC to Housing Site
The developer has submitted a preliminary project application and environmental evaluation for up to 250 Units in Presidio Heights.
Matrix Monthly: February Rent Growth Scores Love-Love
While rent growth remained stagnant during February, Yardi Matrix’s latest monthly report assures that strong fundamentals and the promise of a growing economy bode well for the industry.