Multifamily

SOUTH LYON, MI-More than 140 vacant acres on two parcels could become

BURBANK, CA-The 82-unit complex is near the Warner Bros. Ranch lot and NBC Studios in the Burbank Media District. The Palo Alto seller makes a profit after holding it less than 18 months.

OAKLAND, CA-The City of Oakland plans to sell Preservation Park, a complex of restored houses that provides office space to nonprofit organizations, to raise money for the Forest City project.

SAN DIEGO-A new report shows that multifamily occupancy is on the decline in San Diego County, having dropped from 96.1% in September to 95.4% in December. Sales continue to boom, however.

SAN FRANCISCO-San Francisco Mayor Willie Brown has revealed plans for the Hunters Point Naval Shipyard redevelopment project, including 34 acres of parks and open space and 300,000-sf of commercial development.

SAN FRANCISCO-Bridgeville, a small town north of San Francisco, goes down in history as the first entire town to be sold online. The $1.8-million purchase was made on EBay.

MIAMI-The South Florida developer plans to start the 237-unit, luxury apartment community, Fairview Forest Signature Apartment Homes, in January and finish in late summer. The estimated project cost is $25 million.

ST. CLAIR SHORES, MI-Jefferson Beach Properties high-rise retail and multifamily project needs preliminary approval by the city. However, the primarily residential Macomb County suburb faces severe budget deficits.