Multifamily Archives - The Ivy Group
A guide to rental communities (apartments and BTR) and product types
July 19, 2024 By: Tim Vi Tran,
In major shift, S.F. real estate brokerage says goodbye to its agents in favor of AI
June 14, 2024 By: Tim Vi Tran,
By Ted Andersen – Digital Editor, San Francisco Business Times Jun 12, 2024 Updated Jun 12, 2024 1:08pm PDT In a major shift, San Francisco-based Avenue 8 said it’s shutting down the residential real estate brokerage side of its business in favor of selling its AI-powered real estate assistant Sidekick. The company on Tuesday announced the “strategic realignment” […]
Mountain View apartment complex sells for north of $100 million
May 29, 2024 By: Tim Vi Tran,
By Hannah Kanik – Reporter, San Francisco Business Times May 28, 2024 A big apartment complex in Mountain View traded hands this month for north of $100 million. South Carolina-based developer Greystar and Los Angeles-based developer Cityview sold a 164-unit apartment complex to Essex Property Trust for $101 million on May 17, property records on file at […]
Fremont City Council Awards $34 Million for Affordable Housing
March 26, 2024 By: Tim Vi Tran,
Post Date:03/22/2024 4:10 PM As part of the City’s focused efforts to increase affordable housing in Fremont, the Fremont City Council awarded $34 million in funding on March 19, 2024. This funding will help support the construction of over 450 low-income rental units in Fremont. The funding, secured mainly through development fees earmarked for affordable […]
Builder’s remedy project proposed near Palo Alto, Mountain View border
February 24, 2024 By: Tim Vi Tran,
By Devan J. Patel – Reporter, Silicon Valley Business Journal Jan 18, 2024 A new housing project comprised of hundreds of apartments could sprout near the Palo Alto-Mountain View border due to Palo Alto’s lack of an approved housing plan. Globe Investments LLC and Menlo Park-based Acclaim Companies have submitted a preliminary application for a seven-story, 198-unit […]
Rent relief? Here’s how apartment costs are trending
January 29, 2024 By: Tim Vi Tran,
By Joanne Drilling and Ari Mahrer – San Francisco Business Times Jan 26, 2024 Renters in San Francisco and the East Bay seeking new digs should consider acting now: Recent data shows asking rents headed downward both nationally and in the San Francisco-Oakland-Berkeley area. According to a January report by Rent.com, San Francisco area rents were basically flat, declining […]
Villa Del Sol Apartments in Sunnyvale is sold for $62M to Acacia Capital Corp
November 18, 2023 By: Tim Vi Tran,
By Troy Wolverton – Managing Editor, Silicon Valley Business Journal Nov 17, 2023 A San Mateo-based real estate investment firm paid $62.25 million for a 20-year-old apartment complex near Downtown Sunnyvale. Acacia Capital Corp. purchased the Villa Del Sol Apartments on Thursday from Palo Alto’s Pacific Urban Investors, according to records filed with the Santa Clara County […]
Where distressed commercial real estate loans are piling up the fastest
October 27, 2023 By: Tim Vi Tran,
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Sep 18, 2023 The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of outdated office towers struggle to refill vacant spaces and cash flow on those buildings becomes a bigger challenge. A recent […]
