Downtown San Jose apartments are bought, deal points to wobbly market

Downtown San Jose apartments are bought, deal points to wobbly market

11 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/01/23/san-jose-house-home-apartment-real-estate-build-buy-economy-develop/

SAN JOSE — A prominent apartment complex in downtown San Jose near the footprint of Google’s proposed transit village has landed a big-time buyer in a deal that points to some weakness in the residential market.

Diridon West, a 249-unit apartment building at the corner of Stockton Avenue and West Julian Street in San Jose, has been bought for $117.5 million, according to documents filed on Jan. 19 with the Santa Clara County Recorder’s Office.

Downtown San Jose apartments are bought, deal points to wobbly market

Tue Jan 23, 2:40pm UTC
https://www.siliconvalley.com/2024/01/23/san-jose-house-home-apartment-real-estate-build-buy-economy-develop/ > SAN JOSE — A prominent apartment complex in downtown San Jose near the footprint of Google’s proposed transit village has landed a big-time buyer in a deal that points to some weakness in the residential market. > Diridon West, a 249-unit apartment building at the corner of Stockton Avenue and West Julian Street in San Jose, has been bought for $117.5 million, according to documents filed on Jan. 19 with the Santa Clara County Recorder’s Office.