South Bay Realestate News – First Community Housing Buys

November 7th, 2011 05:00am

First Community Housing Buys .99 Acres in San Jose
First Community Housing acquired 0.99 acres of development land in San Jose, CA, where it plans to construct a new multifamily building with street-level retail and office space.Bogomilsky Engineering & Construction sold the vacant land for $2.61 million, or about $61 per square foot. The parcel is located at 1030 Leigh Ave. Details about the proposed multifamily building were not disclosed.The seller was represented in-house.Please…
Kate Retzinger

Prometheus Real Estate Group Secures Financing for Mansion Grove Apts
Prometheus Real Estate Group, Inc. secured a $10 million supplemental mortgage for the Mansion Grove Apartments at 502 Mansion Park Dr. in Santa Clara, CA. Financing was based on a 5-year term and a 30-year amortization schedule.Jeffrey Weidell, executive vice president and managing director of NorthMarq Capital's San Francisco Regional office arranged the financing.Built in 1988, the Mansion Grove Apartments feature 1,000 apartment units…
Luis Armendariz

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