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Commercial real estate: Madera Vista apartments get $65 million investment
November 21st, 2011Denver-based Apartment Investment and Management Co. (NYSE: AIV) is betting about $65 million on the renovation of the 126-unit vacant apartment complex in Corte Madera, amounting to $516,000 a unit. Also: Rowland Plaza to be refi’ed not sold; San Rafael Corporate Center gets medical office rezoning; Deer Creek Village courts Friedman’s, Home Depot; Santa Rosa office short-sale lands big tenant.
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Commercial Real Estate: Apartment investment market improves
November 29th, 2010The multifamily housing investment market has significantly improved from 2009 in terms of transactions closed and purchase prices.
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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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Commercial Real Estate: Cisco courts buyers for empty Petaluma portfolio
November 16th, 2009San Jose-based telecommunications equipment developer Cisco Systems is marketing its five Petaluma buildings for sale after shutting down local operations this summer.
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Apartment occupancy mixed as rents dip
October 26th, 2009NOVATO — 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.
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