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Bay Area Exchange Transaction Entailed Multifamily and Office Trades that Totaled $28.6 Mil
We’ve got news of a recent 1031 exchange that consisted of two Bay Area transactions totaling $28.6 mil. The exchange began with the $22.5 mil sale of Woodgate Apartments, a 34-unit multifamily community in Mountain View, and concluded with the $6.1 mil acquisition of 558 Brewster, a newly renovated, single-tenant office building totaling 5.6k sf in Redwood City.