Spieker Living Trust has paid $20 million, or $333,333/unit, for the 60-unit Midtown Court Apartments in Palo Alto, Calif. The Sunnyvale, Calif., trust purchased the property from an affiliate of Webster Financial Corp. of Stamford, Conn. The deal was highlighted by Kidder Mathews. Midtown Court, at 2721 Midtown Court, was built in 1963 and has […]

The post 60-Unit Apartment Property in Palo Alto, Calif., Sells for $20Mln appeared first on Commercial Real Estate Direct.