East Bay real estate
fromwww.berkeleyside.org
1 day ago5 cohousing projects in the works in Berkeley
Co-living in Berkeley is growing as affordability pressures drive people to live near friends and family with shared support and childcare.
The foreclosure proceeding forced Academy West Investments to lose its ownership of the property, which the real estate firm had bought in 2020 for $34 million. In 2023, Terra Property Trust provided the Academy West affiliate with a loan for the University Park apartments that totaled $28.3 million, the county property files show. This means the foreclosure value was 26.5% below what the prior owner had paid for the property.
A longtime Berkeley developer says he wants to build housing at the former site of Oxford Elementary School, after the Berkeley school district accepted his $3 million bid to buy the property last week. Patrick Kennedy, owner of the development firm Panoramic Interests, was the only person to bid on the former school site at 1130 Oxford St. during an auction at the school board meeting Wednesday.