SUNNYVALE — An apartment complex in Sunnyvale was bought for more than $140 million in a deal that points to ongoing weakness in the region’s multifamily real estate sector.
Essex Property Trust purchased the 200-unit apartment hub at 1250 Lakeside Dr. for $143.5 million, according to documents filed on Nov. 25 with the Santa Clara County Recorder’s Office. San Mateo-based Essex Property is one of the nation’s largest real estate investment trusts.
Commercial real estate firm Colliers handled the transaction…