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Belmont Apartment Sales Reflect Renewed Private-Capital Activity
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Belmont Apartment Sales Reflect Renewed Private-Capital Activity
CBRE arranged the $8.5-million sale of two 10-unit multifamily properties in Belmont: 620 Masonic Way and 630 Masonic Way. They represent the latest examples of growing multifamily investment in the San Francisco Bay Area and demand for high-quality, well-located assets, according to CBRE. Pellegrini Apartments LLC sold 620 Masonic Way to Masonic Way LLC for $3.6 million. GRI Inc. sold 630 Masonic Way to 630 Masonic LLC for $4.875 million. Adam …
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