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Oakland Apartment Foreclosures Surge | San Jose News
Oakland’s downtown housing market is in turmoil as Mason at Hive, a 105-unit apartment complex in the Uptown neighborhood, was foreclosed—just days after another downtown property, The Nook on Valdez, faced the same fate. Built in 2015 by Signature Development as part of The Hive mixed-use project, Mason at Hive originally carried a $39.7 million loan that Fannie Mae acquired. When foreclosed, the debt stood at $34.8 million, but Fannie Mae valued the property at just $27.8 million—a stark sign of declining apartment values and mounting financial strain across Oakland’s urban core. Listen in…
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