SAN JOSE — A large apartment complex in Santana Row has been bought for more than $140 million in a deal that marks the second sale of an apartment hub in the San Jose mixed-use neighborhood in less than a year.
Misora, a 212-unit apartment property located on Hatton Street between Olin Avenue and Olsen Drive in San Jose, has been bought for $148.5 million, according to documents filed on Feb. 5 with the Santa Clara County Recorder’s Office.
Chicago-based Waterton, a real estate investment firm, bought the Misora property from Federal Realty Investment Trust, the principal developer and owner of Santana Row, a destination mixed-use retail, dining, housing, entertainment, residential, and hotel neighborhood in west San Jose.
In May 2025, Federal Realty also sold Levare, a 108-unit apartment hub at 3003 Olin Ave. in Santana Row. Hines, a major real estate firm, paid $73.9 million for Levare, which worked out to $684,300 per unit, one of the higher prices for apartment complexes in the South Bay since the coronavirus outbreak…