SAN RAFAEL, CA-A broken condo development in San Rafael has changed hands for $36.4 million. New York City-based The Praedium Group and Los Angeles-based Empire USA, LLC have bought the 82-unit 33 North project through a bankruptcy sale.
The newly-built property, featuring custom European cabinetry, full size washer/dryers, Bosch appliances, Caesarstone countertops, premium flooring, glass backsplashes and large outdoor spaces, cost approximately $60 million to develop. The new owners will retain the project as a rental property. For the full story, go to San Francisco Business Times .
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