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Foreclosure grips East Bay apartment complex in troubled market downturn.

East Bay apartment complex seized by lender, signaling weakness in Bay Area housing market.

2024-09-24 12:30:23
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E
ast Bay Apartment Complex Seized by Lender Amid Market Decline

    A significant East Bay apartment complex has been taken over by its lender, highlighting the downturn in the Bay Area's residential property market.

    The deal involves a large 186-unit complex in Emeryville, where values have plummeted. The takeover serves as a stark indicator of the weakening demand for Bay Area apartments.

East Bay apartment complex under foreclosure amidst market downturn struggles.

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