San Jose apartment complex is bought as Bay Area real estate wobbles
https://www.siliconvalley.com/2024/06/14/san-jose-home-house-housing-apartment-property-economy-south-bay-buy/
SAN JOSE — A big San Jose apartment complex has been bought for over $70 million in a deal that hints at a wobbly market for multifamily real estate and a tricky economy for property investors.
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Moreland Apartments, a multifamily property at 4375 Payne Avenue in San Jose, was bought for $71 million, according to documents filed on June 13 with the Santa Clara County Recorder’s Office.
San Jose apartment complex is bought as Bay Area real estate wobbles
Fri Jun 14, 1:16pm UTC
https://www.siliconvalley.com/2024/06/14/san-jose-home-house-housing-apartment-property-economy-south-bay-buy/
> SAN JOSE — A big San Jose apartment complex has been bought for over $70 million in a deal that hints at a wobbly market for multifamily real estate and a tricky economy for property investors.
> Related Articles
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California pushes insurers to cover more homes. Is your ZIP included?
South Bay must build more housing for cutting-edge tech and AI jobs: expert
Grand jury rips county housing agency over San Jose real estate blunder
Downtown Oakland tower is seized by lender as Bay Area office woes widen
Moreland Apartments, a multifamily property at 4375 Payne Avenue in San Jose, was bought for $71 million, according to documents filed on June 13 with the Santa Clara County Recorder’s Office.