Real Estate Rumor Mill: Rockpoint, Texas Pacific, Crayton

By Andrew McIntyre (July 2, 2015, 7:28 PM EDT) -- Urban Pacific Investors LLC and Principal Real Estate Investors LLC are close to reaching a deal in which Rockpoint Group LLC and Maximus Real Estate Partners LLC will pay roughly $400 million for the 298-unit One Rincon Hill apartment property in San Francisco, the San Francisco Business Times reported Thursday, citing sources with knowledge of the matter. At $1.3 million per unit, the sale would be the most paid per unit for a Bay Area apartment building since 2007, the report said, citing data from Real Capital Analytics....

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