A Los Angeles-based real estate investment firm is buying the 60-acre campus in Oakland that has been the occupied by Holy Name University since 1868.
The deal to sell the campus was completed three weeks before the property was scheduled to go on the selling block at a foreclosure auction on June 30.
BH Properties has purchased the campus for $65M, about $5M less than the asking price the Catholic college was seeking when it listed the property in March, according to a report in the San Francisco Business Times. CBRE marketed the property on behalf of Holy Names.
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