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South Bay Apartment Complex Sells for $87M

Mountain View Apartment Complex Sells for $87M, Signaling Strong South Bay Housing Market A four-story apartment complex in Mountain View, featuring one- and two-bedroom units, swimming pool, and other amenities, sold for $87M, translating to $583,900 per unit. This sale price is higher than recent South Bay deals, such as Ascent in south San Jose ($496,500 per unit) and ViO ($427,400 per unit). The Mountain View complexs sale price also surpasses its assessed value by 9%, indicating strong buyer interest. However, not all is well in the South Bay housing market, as The Fay in downtown San Jose faces foreclosure due to a delinquent construction loan, and Neo on First is defaulting on a $21M loan. Checkout Solipillow.com

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