TCG supports San Francisco Mayor’s Office to Rev Up Building Approval Process

San Francisco has 900 housing units stuck in the approval pipeline, and Mayor London Breed plans to do something about that Thursday. Breed is set to hand down an executive order to dramatically accelerate the city’s process for assessing and approving accessory dwelling units — starting with clearing the big backlog mired in various stages of review. As the city …

TCG Acquires 110-Unit Golden Gardens in Fresno ($9.5M)

Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Golden Gardens Apartments, a 110-unit, mixed-income apartment community located in the city of Fresno, CA. Golden Gardens was originally marketed with a CMBS loan assumption but subsequently closed via defeasance of its existing debt. Close of escrow occurred on April 13, 2018 at its originally contracted price of …

TCG Acquires 51-unit Vivante Apartments ($15.7M) in East Bay Area

Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Vivante Apartments, a 51-unit, garden-style apartment community located in the city of Hayward, California. Close of escrow occurred on November 17, 2017 (18 days ahead of scheduled COE) at its originally contracted price of $15.7M. TCG was able to execute its full suite of due diligence within a …

TCG Acquires 70-Unit Property In Oakland/East Bay Metro ($13.1M)

Tesseract Capital Group (TCG), is pleased to announce the recent acquisition of Aloha Apartments, a 70-unit apartment community in Hayward, CA. Aloha is in a prime location within the submarket situated directly across the street from Jackson Square Shopping Center, a grocery-anchored retail plaza featuring several name brand anchors tenants: Safeway, CVS Pharmacy, 24 Hour Fitness, Starbucks, and Walgreens. Purchased …

Tesseract Capital Group Leads San Francisco Bay Area Multi-family Property Investment With RealtyShares

SAN FRANCISCO–(BUSINESS WIRE)–RealtyShares, a leading online marketplace for real estate crowdfunding, has financed a $500,000 preferred equity investment opportunity through its network of investors nationwide to fund the acquisition and rehabilitation of a 22-unit multi-family property in the San Francisco Bay Area. The project is sponsored by Tesseract Capital Group (TCG), a San Francisco-based real estate private equity firm currently …

Pinza Group Sells 16 Unit Rooming House in Berkeley

Berkeley, CA – The Pinza Group, Inc, a leading Bay Area Investment Real Estate Sales Brokerage, has announced the sale of a prized rooming house one block to UC Berkeley located on 2335 Warring Street. The sales price was $2,600,000, which represents a $533.33 price per square foot, an incredibly higher price per square foot in the 94704 zip code …