This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Real Estate/Development

Nov. 2, 1999

Apartment seller sails off with $200,000 per unit

San Francisco's extraordinarily tight residential rental market - most sources put the vacancy rate at about 1 percent - has led to the sale of a waterfront apartment complex for an astonishing $200,000 per unit, the highest rate ever paid in the Bay Area for a multifamily property with more than 100 units.

San Francisco's extraordinarily tight residential rental market - most sources put the vacancy rate at about 1 percent - has led to the sale of a waterfront apartment complex for an astonishing $200,000 per unit, the highest rate ever paid in the Bay Area for a multifamily property with more than 100 units.
Lend Lease Real Estate Investments Inc., the Atlanta-based U.S. arm of the Australian real estate giant, paid a reported $83 million for the four-building, 414-unit Sout...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up