South Bay apartment complex is bought in sign of local market strength

South Bay apartment complex is bought in sign of local market strength

MOUNTAIN VIEW — An apartment complex in Mountain View has been bought by a coast-to-coast real estate alliance in a deal that offers fresh signs of strength for the South Bay residential market. The multifamily residential hub at 881 East El Camino Real in Mountain View was bought for $87 million, according to documents filed on Jan. 6 with the Santa Clara County Recorder’s Office. An apartment complex at 881 El Camino Real, seen in October 2024…

Interstate Equities and PGIM Buy 149-Unit Mountain View Apartment Complex for $87MM

Premium per-unit price of $583,900 signals strength in select South Bay markets An apartment complex in Mountain View has traded hands for $87 million in a transaction that signals continued investor confidence in select South Bay residential markets. The 149-unit multifamily property at 881 East El Camino Real was purchased by a partnership affiliated with […] The post Interstate Equities and PGIM Buy 149-Unit Mountain View Apartment Complex fo…