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Clarion Partners Lands Buyer for Luxury East Bay Apartment Complex — At a Loss

MG Properties Acquires Mixed-Use Property Near Tesla’s Fremont Plant for Nearly $90 Million
New York-based Clarion Partners purchased the mixed retail and multifamily complex at 3888 Artist Walk Commons in Fremont, California, for more than $110 million prior to the pandemic. (CoStar)
New York-based Clarion Partners purchased the mixed retail and multifamily complex at 3888 Artist Walk Commons in Fremont, California, for more than $110 million prior to the pandemic. (CoStar)
CoStar News
September 19, 2023 | 9:23 P.M.

It may be located in Tesla's backyard and at the heart of one of the Bay Area's fastest-growing suburbs, but national multifamily investor MG Properties scored a deal on an apartment complex listed far below its last sales price.

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