PALO ALTO, CA-Equity Residential is negotiating a deal topurchase the Woodland Park Apartments in East Palo Alto,California. An investment group, which bought the 1,800-unitcomplex in the middle of boom years, planned to increase rents butit ended up giving up the property in a foreclosure to Wells Fargo& Co.

Wells Fargo is negotiating to sell the complex for anundisclosed price to Equity Residential. However, city officialsand residents have expressed grave concerns over the sale. Forthe full story, go to Wall Street Journal . News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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