https://www.siliconvalley.com/2024/02/14/palo-alto-real-estate-home-house-apartment-economy-build-tech-stanford/

PALO ALTO — An apartment complex in one of the prime neighborhoods of Palo Alto has been bought for more than $50 million in a deal that hints at a sturdy market for the multi-family residential sector in that city.

Southwood Apartments, located at 2850 Middlefield Road in Palo Alto, has been bought for $59.9 million, according to documents filed on Feb. 13 with the Santa Clara County Recorder’s Office.