A big apartment complex in Fremont has been bought for well over $100 million.
FREMONT — A big apartment complex in Fremont has been bought for well over $100 million in a deal that suggests the market for rental housing remains has begun to falter in Silicon Valley.
The price that Acacia Capital paid for the Fremont residential real estate property hints at flattening — or even falling — values for apartment properties in this area. Fore Property developed the apartment complex, which is near the corner of Walnut Avenue and Liberty Street in one of the core sections of the emerging downtown Fremont area.As part of the real estate deal, the Acacia Capital affiliate obtained a $69.3 million loan from CBRE Multifamily Capital, the county public documents show.
The 275 units in the project include 125 one-bedroom units, 91 two-bedroom apartments and 59 studios, plans on file with Fremont city officials show.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly deals under $100: Big savings on Samsung earbuds, JBL speakers, and more budget techPolina Kovalakova, a News and Affiliate Content Writer, has nurtured a passion for mobile technology since the era before smartphones. With a history of exploring a variety of devices, her insights into the mobile world are both broad and nuanced.
Read more »
Yankees to host Shohei Ohtani, LA Dodgers: Tickets still south of $100 for 3 big gamesEast Coast meets West and Major League Baseball’s big-market bullies collide in the Bronx, as the Los Angeles Dodgers visit the New York Yankees for a three-game series running from Friday to Sunday, June 9 at Yankee Stadium.
Read more »
Nike plans $100-and-less shoe line after shares plummet following sales slump predictionThe world’s largest athletic apparel retailer is aiming to compete with its more affordable rivals to counteract a sales slump.
Read more »
World’s first carbon tax on livestock will cost farmers $100 per cowLondon (CNN) — Dairy farmers in Denmark face having to pay an annual tax of 672 krone ($96) per cow for the planet-heating emissions they generate. The country’s coalition government agreed this week to introduce the world’s first carbon emissions tax on agriculture. It will mean new levies on livestock starting in 2030. Denmark is...
Read more »
Global carbon removal market could reach $100 billion/yr from 2030-35, report saysGlobal carbon removal market could reach $100 billion/yr from 2030-35, report says
Read more »