https://www.siliconvalley.com/2025/05/12/south-bay-home-real-estate-build-property-develop-campbell-economy/

CAMPBELL — One of the nation’s top real estate firms has paid hundreds of millions to buy two big Campbell apartment complexes in a deal that hints values are rising for South Bay multifamily residential properties.

Essex Property Trust, acting through separate affiliates, paid $240.5 million for two apartment properties in Campbell, according to documents filed on May 9 with the Santa Clara County Recorder’s Office.