San Jose
Old Adobe Management Sells $26M CA Community
Acting on behalf of the seller, Levin Johnston brokered the record-breaking price-per-unit sale of Velocity at Lawrence Station, which commanded $465,250 per apartment.
Silicon Valley Senior Housing Trades Hands
Previously owned by Capitol Seniors Housing, the 97-unit Fremont Hills provides 76 assisted-living units and 21 memory-care units.
Western National Group Breaks Ground on San Jose TOD
The Platform, located near a planned BART rapid transit station, will feature 551 units and approximately 37,500 square feet of retail space.
Jobs, Population Growth Sustain Demand in San Jose
A competitive economy is keeping the metro’s unemployment rate down. With Silicon Valley continuing to expand, demand for rentals is likely to remain healthy, albeit less frothy.
Hudson Cos. Snags $64M for San Jose Mixed-Use Project
Vespaio is a seven-story mixed‐use project with 162 units and 39,042 square feet of retail and commercial space.
Tallest San Jose Development Breaks Ground
Bayview Development Group’s Miro, a 28-story luxury community, will feature more than 600 residential units. The project is expected to be completed by 2020.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.
San Jose Community Sells for $36M
Marcus & Millichap represented the seller in the transaction and procured the buyer. The 109-unit asset features 12,000-square-foot commercial space, as well.
San Jose Luxury Development Lands $201M
HFF worked on behalf of Greystar to secure the construction loan through Otéra Capital. The Reserve is expected to be completed in 2020.
San Jose Mixed-Use Tower Changes Hands
HFF worked on behalf of the seller, Capri Capital Partners, to market 360 Residences, a high-rise with 213 units and ground-floor retail space.