Douglas Yearley Jr Of Toll Brothers Buys The Station Sunnyvale Multifamily From Mark Porath Hearthstone

A 100-unit multifamily asset at 1175 Aster Avenue in Sunnyvale was acquired for $85,000,000, equating to $850,000 per unit. The property is part of The Station, a Sunnyvale multifamily community at the stated address.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $85,000,000
• Address: 1175 Aster Avenue
• Market: Sunnyvale
• Units: 100
• Price Per Unit: $850,000
• Buyer: Douglas C. Yearley Jr. - Toll Brothers
• Seller: Mark Porath - Hearthstone
• Date: 08/06/2025
• Note: Toll Brothers purchased over 100 units of The Station, a Sunnyvale multifamily community at 1175 Aster Ave., from Hearthstone for about $85M. The deal was completed before an option agreement expired and is part of a 329-unit development with townhomes, condos, and rental apartments.

Key individuals and companies behind the deal include Douglas C. Yearley Jr. of Toll Brothers as the buyer and Mark Porath of Hearthstone as the seller. The arrangement reflects Toll Brothers’ involvement in a broader 329-unit development comprising townhomes, condos, and rental apartments.