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San Francisco's Costliest US Apartment Rents Spill Into Nearby Oakland's Newest Luxury Units

CIM Wraps Up Construction on Jack London Square's Channel House Apartments
Los Angeles-based developer and investor CIM Group has added another 333 units to Oakland, California's fast-growing multifamily market. (CoStar)
Los Angeles-based developer and investor CIM Group has added another 333 units to Oakland, California's fast-growing multifamily market. (CoStar)
CoStar News
March 11, 2021 | 12:46 AM

The newest luxury apartment complex in Oakland, California, could be a litmus test for the fast-growing East Bay area, where developers hope to capture renters leaving nearby Silicon Valley and San Francisco, the nation's costliest multifamily market.

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