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California Investor Capitalizes on Depressed Pricing To Plant Stake in Affluent East Bay Market

Granite Capital Group Acquires Multifamily Complex in Walnut Creek, California, for Nearly $60 Million
Granite Capital Group purchased The Boulders apartment complex in Walnut Creek, California, an affluent suburb that is now within reach for the firm thanks to declining sale prices in the region. (CoStar)
Granite Capital Group purchased The Boulders apartment complex in Walnut Creek, California, an affluent suburb that is now within reach for the firm thanks to declining sale prices in the region. (CoStar)
CoStar News
November 16, 2023 | 10:18 P.M.

Rising borrowing costs have stifled multifamily investment activity in the San Francisco East Bay, but a widespread pricing correction has opened the door for buyers eager to score a discount.

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