Oakland buys vacant Rockridge CCA dorm for affordable senior housing

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The sale of a 63-unit former college dormitory to the City of Oakland has officially closed for $13 million, a CBRE representative said. The vacant Clifton Hall at 5276 Broadway in Oakland's Rockridge neighborhood was owned by California College of The Arts and "generated multiple offers," CBRE Senior Associate Zachary Greenwood said in a LinkedIn post this week. The city announced last month that it was acquiring the site to provide affordable long- and short-term housing for Oakland seniors…

The Business Journals | Residential Real Estate News

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