The transaction was part of a six-property deal by Sacramento-based McClatchy where its newspapers sold six properties in four states to its pension plan for a combined $47 million. CLICK ON THE HEADLINE FOR MORE
The project dubbed Landmark South is slated to have 630 residential units, 420 apartments and 210 condos and will include 60,000 square feet of commercial space. CLICK ON THE HEADLINE FOR MORE
Baywood bought the property out of foreclosure in 2012 for $17 million, which means the company made $19 million over four years. CLICK ON THE HEADLINE FOR MORE