2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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West Hollywood-based Trion Properties purchased the 61-unit Cedar Grove apartments in San Leandro, CA, for $15 million. Located at 1200 Davis St., near downtown and within walking distance of BART Station, Trion is rebranding the property as Soji Apartments.
According to Trion’s Max Sharkansky, it’s a strategic addition, as the asset benefits from Silicon Valley spillover. “San Leandro draws many residents from the ultra-hot Silicon Valley market and is a vibrant and innovative city on its own,” he said in a statement.
Trion is planning upgrades to the community’s interiors, exterior and common areas, seeking a rental rate increase of 21% or more.
This purchase brings the firm’s East Bay portfolio to five properties. Trion’s other assets in San Leandro include Metro 77&85 and Metro 348, with the company also owning properties in Fremont and Hayward.
NKF’s John Leyvas represented both Trion Properties and the seller in the transaction.