Oakland apartment hub taken over by lender after foreclosure

OAKLAND — A new apartment complex in Oakland that was developed as a live-work residential hub was seized by its lender after a loan failure that exemplifies the frail state of the city’s apartment market.

The 102-unit residential property at 1919 Market St. in West Oakland is now owned by an affiliate of Parkview Financial REIT, documents filed on Jan. 7 with the Alameda County Recorder’s Office show.

Parkview Financial paid $37.5 million to take ownership of the complex, a Jan.