Arroyo & Coates Brokers $7 Million Mixed-Use Sale Near CAL-Berkeley
October 8, 2010

Arroyo & Coates has acted as adviser to a private partnership in the $7-million disposition of Renaissance Villas, a mixed-use property of 34 apartments and 2,200 square feet of retail space in Berkeley, CA. The property was acquired by Equity Residential of Chicago. The property is composed of one- and two-bedroom apartment units that average 723 square feet, and two retail spaces that total an additional 2,200 square feet. The project’s amenities include full-size washer/dryer units in all apartment units and 37 gated garage parking spaces. The seller was represented in the transaction by Nathan Blair of Arroyo & Coates. The buyer acted on its own behalf.