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Luxury apartments sell in one of San Francisco’s biggest deals  

Tidewater Capital, Canyon Partners join rush to cash in on city's AI-fueled rental boom
The Towers at Rincon were among the first high-rises built as part of a redevelopment of the Rincon Hill neighborhood from an industrial area into a residential district known for luxury apartment towers and condos. (CoStar)
The Towers at Rincon were among the first high-rises built as part of a redevelopment of the Rincon Hill neighborhood from an industrial area into a residential district known for luxury apartment towers and condos. (CoStar)
CoStar News
April 30, 2026 | 6:52 P.M.

A high-rise apartment tower in a waterfront neighborhood that’s come to symbolize the changing face of downtown San Francisco in recent years has quietly sold for $174 million, as investors vie to get a piece of the city’s rising rental market.

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