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Residential Real Estate: Investment firm Praxis buys 54-unit Texas apartment property
March 14th, 2011Santa Rosa-based Praxis Capital has acquired a 54-unit apartment complex in Austin, Texas. … Napa Pipe’s supplemental Draft Environmental Impact Report was released for comments on Feb. 14 and all comments are due by March 31. … Wells Fargo is forecasting that “exceptionally weak” demand will continue to challenge the housing market.
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Marin County apartments: After two years of decline, rents rise as market stabilizes
March 14th, 2011The good news for Marin County landlords is that after two years of declines, asking rents moved up 2 percent by the end of 2010. Rents are expected to continue climbing this year by another 2 percent as the economy recovers and the local distressed single family market is producing more renters.
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Sonoma County apartments: Rents forecast to increase 3.5 percent as vacancies dip
March 14th, 2011Rents in Sonoma County are expected to increase by 3.5 percent across the board this year as vacancy rates dip to almost zero and rental prices increase by 5 percent to 10 percent in areas of Marin, San Francisco, San Mateo and Santa Clara counties.
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2010 Midyear Report – APARTMENTS: Apartment investors anticipate rents, occupancy to strengthen
July 19th, 2010The multifamily property investment market in many North Bay markets seems to be stabilizing and could strengthen further in the third quarter as owners further adjust rents and sale pricing to reflect major shifts in market behavior.
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88-unit Novato apartments sold to San Diego-based Davlyn for $16 million
June 14th, 2010NOVATO – A Southern California real estate investment group made its first Bay Area acquisition with the purchase of the 88-unit Oak Grove Apartments for $16 million.
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Mendoza lays out plan for $82 million in real estate debt
March 29th, 2010PETALUMA – Genora “George” Mendoza, an investor in more than $100 million in mostly North Bay and Bay Area residential income properties, is emerging from U.S. Bankruptcy Court protection with a confirmed reorganization plan to pay off $82.2 million in real estate loans, property taxes and other debts over three to five years.
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Mendoza Investments launches property management arm
March 29th, 2010PETALUMA — Mendoza Investments, which more than $100 millions in income real estate, recently started one of the largest property management companies in the North Bay.
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