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