Lender grabs big Oakland housing complex as real estate slump worsens

Lender grabs big Oakland housing complex as real estate slump worsens

yesterday
Anonymous $Uu1e96lHBL

https://www.siliconvalley.com/2024/12/03/oakland-east-bay-home-house-build-economy-loan-property-real-estate/

OAKLAND — A lender has grabbed ownership of a big apartment complex in Oakland, an ominous setback that suggests financial cracks have begun to materialize even in the Bay Area’s residential markets.

The Logan, a 204-unit multifamily residential property in North Oakland, is now owned by an affiliate of Brookfield Property Partners, whose owner and sibling companies own office, retail, residential, industrial and hotel properties in the United States, Canada, Brazil, Australia, Europe and Asia.