MidPen Housing Completes 176-Unit Ira D. Hall Square Apartments in Silicon Valley
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Francisco continues to clear office at the deepest discounts to 2019 basis seen in the cycle, while multifamily fundamentals have stabilized and life sciences in the Peninsula remains active. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 155th San Francisco story tracked on the wire in October 2026. All San Francisco coverage →
- Disclosed multifamily deal value tracked in October 2026: $8.9B across 101 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
SUNNYVALE, CALIF. — MidPen Housing has completed and opened Ira D. Hall Square in Sunnyvale. The 176-unit property comprises studios, one-, two- and three-bedroom units that are reserved for residents earning up to 30…
External link. Real Estate Trail does not republish source content.
Related coverage — San Francisco · Multifamily
Kennedy Wilson, Partners Acquire 312-Unit Multifamily Community in San Jose for $176M
SAN JOSE, CALIF. — Kennedy Wilson has partnered with two Japanese investment firms to acquire One South Market, a 312-unit community in downtown San Jose, for $176 million. The investment partners are Tokyo-based real…
DDG Puts 40-Unit 235 Valencia Street Up for Sale in San Francisco’s Mission Dolores
Colliers has brought 235 Valencia Street to market, offering investors a five-story, 40-unit mixed-use building that DDG completed in 2021 on a former motorcycle-shop site, just as San Francisco apartment vacancy sink…
Alum Rock Union School District, CORE Builders Launch 78-Unit Teacher Housing Project in East San Jose
Alum Rock Union School District, design-builder CORE Builders and architect Steinberg Hart marked the start of a 78-unit, bond-financed rental community for teachers and district staff on Oct. 16, turning a slice of d…
San Jose apartment project connected to city purchase of historic building gets final OK
San Jose apartment project with hundreds of units gets final city OK
Hamilton Zanze Sells 196-Unit Apartment Community in Virgina Beach
VIRGINIA BEACH, VA. — San Francisco-based Hamilton Zanze has sold Indigo 19, a 196-unit, garden-style apartment community located at 1940 Pavilion Drive in Virginia Beach. The buyer and sales price were not disclosed.…