multifamily rental housing – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties

Commercial Real Estate: Texas REIT pays $33 million for big Fairfield warehouse

May 16th, 2011

One of the North Bay’s largest commercial buildings, a 607,200-square-foot distribution warehouse at 5195 Fermi Drive in Fairfield, sold to US Industrial REIT III, an affiliate of San Antonio, Texas-based real estate investment trust USAA Real Estate Co., for $33.5 million, or about $55 a square foot.
S.F. multifamily investor acquires 162-unit Napa apartments for $14 million

September 14th, 2010

NAPA — A San Francisco-based multifamily property investor acquired the 162-unit Napa Garden Apartments complex in west Napa in a deal valued at $14.8 million.
Mendoza lays out plan for $82 million in real estate debt

March 29th, 2010

PETALUMA – 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.
Marin County apartments: Savvy investors move in to snap up properties

March 15th, 2010

The Marin County apartment market started strong in the first quarter of 2010 on the heels of an uptick in activity that began in the summer of 2009. Real estate investors sitting on the side lines in the first half of last year moved back in to the market to scoop up distressed apartment properties in good locations.
Sonoma County apartments: 2009 ‘swallowed’ the market; but 2010 looks better

March 15th, 2010

While most owners and managers of apartment property in Sonoma County probably aren’t celebrating yet, things seem to be on a reasonably healthy track.
Napa-Solano apartments: Rent incentives common as cap rates show improvement

March 15th, 2010

Assuming that historical indicators hold true, the recession is over, we are told, and the economy is starting to rebound at some level.
Apartment occupancy mixed as rents dip

October 26th, 2009

NOVATO — Average advertised rent for apartments in Marin, Napa and Sonoma counties in the third quarter dipped to the lowest level since the end of 2007, yet average North Bay rents have not declined nearly as much as those in Northern California as a whole, according to estimates from Novato-based multifamily property market analyst RealFacts.
Rents fall as ‘shadow’ market grows

July 13th, 2009

NORTH BAY – Rising unemployment together with a struggling economy and a large number of foreclosed homes are driving down rents for apartments and income homes.
New Project Profiles: Club One at Petaluma, Meadows at Fountaingrove

February 16th, 2009

Project profiles for Club One at Petaluma, Fairfield Inn & Suites in Sebastopol and Meadows at Fountaingrove in Santa Rosa.