A Press Democrat Blog

Real Sonoma

News and conversation about Sonoma County real estate

SF firm buys distressed SR office property

A San Francisco real estate investment firm has purchased five Santa Rosa office buildings that a national real estate company lost last year in foreclosure. Presidio Development Partners LLC paid almost $4 million last month for the five buildings that make up the Parkpoint Business Center on North Dutton Avenue near West College Avenue. To acquire the properties, Presidio entered into a joint venture with real estate equity firm Appian Capital of Larkspur and Newport Beach. The properties, which lie… Read More »