{"id":1004030342,"date":"2011-06-16T21:43:16","date_gmt":"2011-06-17T05:43:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030342"},"modified":"2022-12-09T02:45:13","modified_gmt":"2022-12-09T10:45:13","slug":"multi-family-complex-changes-hands-in-bay-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/","title":{"rendered":"Bay Area Multi-Family Complex Changes Hands"},"content":{"rendered":"<p>June 16, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030343\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/bellavista\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg\" data-orig-size=\"468,304\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"BellaVista\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg?w=468\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg\" alt=\"\" title=\"BellaVista\" width=\"300\" height=\"194\" class=\"alignright size-medium wp-image-1004030343\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg 468w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg?resize=300,195 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Bella Vista at Hilltop, a 1,008-unit multi-family property located in Richmond, Calif., has been sold to Kennedy Wilson. The seller was GMH Capital Partners. The sale price was not disclosed.<\/p>\n<p>GMH was represented by David Forrest and Randall Calvert of GMH Capital Partners Commercial Realty Services L.P., with additional representation by the Jones-Saglimbeni Group of IPA. <\/p>\n<p>While the property was marketed in 2008, no sale closed because of the recession\u2019s impact on the capital markets, according to Stan Jones, who helped provide representation to the seller. Jones asserted that the closing signifies overall improvement in market conditions, particularly in the San Francisco Bay Area multi-family sector.<\/p>\n<p>Located at 3400 Richmond Parkway, the 893,856-square-foot complex sits 20 miles from San Francisco and 15 miles from Oakland. Built in 1988, it consists of 42 buildings on approximately 50 acres, with 48 percent one-bedroom units and 52 percent two-bedroom units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 893,856-square-foot complex sits 20 miles from San Francisco and 15 miles from Oakland.<\/p>\n","protected":false},"author":936,"featured_media":1004030343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,15],"tags":[],"class_list":["post-1004030342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bay Area Multi-Family Complex Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bay Area Multi-Family Complex Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The 893,856-square-foot complex sits 20 miles from San Francisco and 15 miles from Oakland.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-17T05:43:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:45:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/BellaVista.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"468\" \/>\n\t<meta property=\"og:image:height\" content=\"304\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/multi-family-complex-changes-hands-in-bay-area\/\",\"name\":\"Bay Area Multi-Family Complex Changes Hands - 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