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The sale included 166 of 179 units from the seller, six units from third parties and an agreement for the seller to construct an additional 63 units on the property for the purchaser.
The North San Jose submarket is a top choice for developing companies as well as established Fortune 500 firms and a host of technology companies spanning a diverse cross-section of industries.
The majors aren't sitting back and letting the marriage of Amazon and Whole Foods outpace them. Technology, after all, is there for everyone's use, says Transwestern's Steve Williamson.
San Antonio has 42.4 development-ready acres of land in its central business district alone, with only a little shy of 500,000 square feet of space built since 2013, according to a study by CommercialCafe.
The least dense CBD in Texas is Dallas, with vacant lots in the urban core adding up to 86 acres but during the past five years, 8.5 million square feet of property has been built in the CBD.
To date, KAREP V has successfully deployed more than 20% of the KAREP V fund or approximately $360 million. KAREP V is seeking opportunities across seniors housing, medical office and student housing sectors, the company states.