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January 08, 2016

Investment firm purchases multifamily property in Hayward

Redwood City, Calif. (January 8, 2016) - Plaza Verde a 44-unit multifamily complex located at 550 Berry Avenue in Hayward, California has been purchased by 29th Street Capital, a privately held real estate investment firm with offices in San Francisco and Chicago. The transaction was brokered by Kidder Mathews multifamily broker, Matthew Clark.

With continued employment growth in Hayward and surrounding markets, including Oakland, Fremont, Milpitas, San Mateo, and Southern Alameda County, improved housing needs are rapidly increasing. "Plaza Verde apartments represents a unique opportunity to take an older asset and renovate it," said Clark.

Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 500 real estate professionals and staff in 12 offices in Washington, Oregon, California, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion in transactions, manages 36 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.

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