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Oakland Landmark Sold Amid Worsening Housing Market Slump

Oakland Apartment Complex Seized by Lender Amid Financial Struggles.

2024-12-03 15:35:44
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O
akland Housing Complex Seized by Lender Amid Worsening Real Estate Slump

    The Logan, a 204-unit apartment complex located on Telegraph Avenue in north Oakland, has been taken over by its lender. The six-story building is now under the ownership of a major real estate firm.

    This move comes as the real estate market continues to decline, with lenders increasingly seizing properties from struggling developers and investors.

Oakland landmark sold in housing market slump.

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