Fraud-linked downtown San Jose apartment complex purchase is completed
https://www.siliconvalley.com/2021/10/14/fraud-downtown-san-jose-apartment-buy-silicon-sage-real-estate-home/
SAN JOSE — A big downtown San Jose apartment complex that was entangled in a Bay Area real estate fraud case has been bought in a deal that may return some cash to investors who were bilked by its developer.
Carmel Partners, acting through an affiliate, has brought an apartment complex at 138 Balbach St. in San Jose near the city’s convention center, documents filed on Oct. 13 with the Santa Clara County Recorder’s Office show.