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The 83-unit apartment community went for about $726K per unit less than one year after it came online.
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The developer of one of the Bay Area's biggest suburban office parks just signed another big lease.
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Related California's newest offering brings 550 residences south of Market Street.
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The sale by Equity Residential brings two buyers into ownership of the Northridge Apartments in their first partnership.
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Encore Publishing sells its Phinney Ridge/Greenwood site for $3.2M.
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Thor Equities and Wafra sold the HQ of a $3.4B biotech company this week.
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The move would follow other big-name companies' departures from San Francisco.
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After a Q1 surge, dealmaking is picking up again, Longfellow Real Estate Partners Managing Director Evan Schwimmer said.
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The city saw negative net absorption last quarter but has by far the biggest relative surge in apartments coming online this year.
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The deal is one of the strongest signs yet of the life sciences segment of CRE heating up.
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