Oakland housing highrise is bought in deal that hints at wobbly market
https://www.siliconvalley.com/2025/01/06/oakland-home-house-apartment-economy-property-real-estate-build/
OAKLAND — A new housing tower in Oakland has been bought by a local buyer in a deal that topped $90 million — although the transaction indicates the East Bay apartment market continues to wobble.
The apartment tower, located at 17th and Broadway in downtown Oakland, was bought for $99 million, according to documents filed on Dec. 20 with the Alameda County Recorder’s Office.
Oakland housing highrise is bought in deal that hints at wobbly market
Mon Jan 6, 2:35pm UTC
https://www.siliconvalley.com/2025/01/06/oakland-home-house-apartment-economy-property-real-estate-build/
> OAKLAND — A new housing tower in Oakland has been bought by a local buyer in a deal that topped $90 million — although the transaction indicates the East Bay apartment market continues to wobble.
> The apartment tower, located at 17th and Broadway in downtown Oakland, was bought for $99 million, according to documents filed on Dec. 20 with the Alameda County Recorder’s Office.