Blackstone plans Oakland apartment project as tech boom spreads
Seattle
BLACKSTONE Group LP is working with a partner to develop a US$150 million residential and retail project in Oakland, California, as the city's real estate market benefits from the Bay Area technology boom.
Blackstone and CityView, a property company started by Clinton administration housing official Henry Cisneros, bought the land in January and want to begin construction by the end of the year, said J David Martin, chairman of the investment committee at CityView. They plan to build as ma…
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