Posts Tagged ‘east bay condo value’

Kennedy Wilson buys huge East Bay apartment complex for $97 million

July 7, 2014

Kennedy Wilson bought the 542-unit Kirker Creek Apartments complex in Pittsburg.

Kennedy Wilson buys huge East Bay apartment complex for $97 million

The Effect of Litigation on the Value of Condos

November 9, 2010

Click to see enlarged data


Attached is a summary comparing The Sierra, a condo building in Jack London Square, with other comparable buildings in the area that do not have pending litigation.  The comparison is for 2007 (arguably the height of the market) with 2010 (through 11/4/2010).  The data shows that values at The Sierra declined 54-55%, while the other buildings declined 17-25%.  The impact of the litigation which was filed in 2009 more than doubled the negative impact of the declining market.  This represents a negative impact of ~$150,000/unit.  This figure likely outweighs the potential upside of the litigation by 5-10x.

Please feel free to contact me to discuss this data or the impacts of pending litigation. 


Andy Read
Caldecott Properties

5251 Broadway
Oakland, CA 94618tel:   510.594.2400 x 222
fax:  510.594.2424

DRE License #01356611