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Homebuilder Closes on Silicon Valley Apartments to Redevelop Into For-Sale Housing

Marcus & Millichap-Affiliated SummerHill Homes Drops $58 Million for Sunnyvale Site
The 130-unit Landmark Apartments in Sunnyvale, California, will be demolished and redeveloped into a new townhouse project now that a homebuilder has officially closed on the site. (CoStar)
The 130-unit Landmark Apartments in Sunnyvale, California, will be demolished and redeveloped into a new townhouse project now that a homebuilder has officially closed on the site. (CoStar)
CoStar News
7 October 2020 | 20:23

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A Bay Area homebuilder has bought an apartment complex that it plans to replace with new townhouses, as local multifamily rents drop and single-family home prices grow.

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News | Homebuilder Closes on Silicon Valley Apartments to Redevelop Into For-Sale Housing