A Southern California investment firm is making a big, albeit short-term, bet on Silicon Valley's multifamily growth with the nearly $99 million acquisition of land it plans to flip to a national housing developer.
Developer Spends Nearly $99 Million on Pair of Silicon Valley Housing Sites
Hearthstone Acquires Sunnyvale Land, Granting National Housing Developer Option To Buy
By Katie Burke
CoStar News26 October 2022 | 18:47
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalised Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Aster Ave Project -412 unit Apartment Complex
1175 Aster Ave, Sunnyvale, CA
- Companies
- Hearthstone, Inc.
Real Estate
- Toll Brothers, Inc.
Construction