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East Bay real estate
fromwww.mercurynews.com
2 days ago

Oakland apartment deal suggests ongoing weakness for East Bay housing

A West Oakland 110-unit apartment sold for $18.7 million—39% below its $30.8 million assessed value—indicating weakness in the East Bay multifamily market.
fromwww.mercurynews.com
3 weeks ago

Sale of apartment hub with hundreds of units near East Bay BART stop points to weakening market

WALNUT CREEK An apartment complex with hundreds of units near the Walnut Creek BART station has been bought for less than its assessed value in a sign that values for multifamily residential properties are drifting lower. Waymark, a residential hub that was built in 2020, has been bought for $190 million, according to documents filed on Aug. 29 with the Contra Costa County Recorder's Office. Waymark, a 358-unit apartment complex at 101 Pringle Avenue near the BART station in downtown Walnut Creek.
East Bay real estate
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