389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
The property backs $38.5 million of debt that was provided last year.
41 percent occupied. The property had backed $20.8 million of CMBS debt, securitized through Banc of America Commercial Mortgage Inc., 2005-6.
The shopping centers are Oakland Square, with 236,070 sf, and Oakland Plaza, with 160,655 sf. Oakland Square is fully occupied, while Oakland Plaza is 96 percent occupied.
a purchase price was not disclosed, but it has been estimated to have been sold for between $100 million and $150 million.
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