S.F.'s Newest Import
We got the scoop on one multifamily giant looking to move into the city.
Phoenix-based Alliance Residential is on the prowl for its first piece of land in the city, sources close to the company tell us. We had the chance to recently visit San Diego's Broadstone Little Italy, one of its signature brands (above). Among the apartment community's perks: a zero-edge pool with underwater speakers and a high-def golf simulator. The company already has a presence in Silicon Valley and East Bay.
Above, a picture-perfect shot we took facing the Bay from the patio area. (The company is getting ready to debut another property in another part of San Diego County.) We checked in with a Bay Area multifamily broker, who hasn't heard of anything in S.F. Alliance has taken down yet, but notes that "everyone" is looking for land here these days. Alliance, which has invested in more than $3B of real estate and manages a $9B portfolio, didn't respond to a request for comment.