Essex Property Trust buys Santa Cruz apartment complex for $22.1M (at bizjournals.com)

Silicon Valley / San Jose Business Journal - Sharon Simonson Essex Property Trust Inc. has bought the Chestnut Street Apartments in Santa Cruz for $22.1 million. The 96-unit garden-style complex was built in 2002 and is located near the ocean and the University of California Santa Cruz. The property also has 9,000 square feet of retail and commercial space. Palo Alto-based Essex (NYSE:ESS) acquires, develops,... [read full story]                    

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