Lincoln Property Company and Bridge Investment Group joined with city leaders and community members recently for the grand opening of RiverRow, Lincoln’s first development in Santa Cruz. RiverRow features 175 apartments overlooking the San Lorenzo River, reportedly the first community in downtown Santa Cruz to do so.
“RiverRow reflects the diverse and lively character of downtown Santa Cruz while delivering much-needed housing and new retail in this pedestrian-friendly community,” said Brandon Wang, EVP at Lincoln. “We’re proud to invest in the long-term vitality of this dynamic city, and grateful to our partners and the city for the collaboration and support needed to bring this vision to life.”
Santa Cruz Mayor Fred Keeley noted that the project achieved a longstanding commitment. Since the U.S Army Corps of Engineers built the river levee following the 1955 floods, “our backs have faced the river, and now we can see and enjoy the beautiful San Lorenzo River as a community.”
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
Learn more
Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California