Laura Hines-Pierce Acquires Multifamily Property In Walnut Creek For $57M

The Rise Walnut Creek is a 97-unit multifamily property located at 1380 North California Boulevard in Walnut Creek. The property was recently sold for $57 million in a transaction facilitated by Institutional Property Advisors. This residential asset offers affordable housing options with upscale amenities, situated in a coveted suburban location.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $57,000,000
• Buyer: Laura Hines-Pierce - Hines
• Seller: Arthur J. Falcone - Rescore
• Brokers: Alex Tartaglia, Philip Saglimbeni, Salvatore Saglimbeni & Stanford Jones - Institutional Property Advisors - Marcus & Millichap
• Units: 97
• Price Per Unit: $587,629
• Address: 1380 North California Boulevard
• Market: Walnut Creek

The transaction involved key individuals and companies such as Laura Hines-Pierce from Hines, who acquired the property, and Arthur J. Falcone from Rescore, the seller. The brokers involved in the deal were Alex Tartaglia, Philip Saglimbeni, Salvatore Saglimbeni, and Stanford Jones from Institutional Property Advisors, representing Marcus & Millichap. The successful sale of The Rise Walnut Creek underscores the demand for quality residential assets in desirable locations.