Fraud-linked downtown San Jose apartment complex purchase is completed

George Avalos / Bay Area Newsgroup Apartment building at 138 Balbach St. in downtown San Jose, a 101-unit complex. A big downtown San Jose apartment complex that was entangled in a Bay Area real estate fraud case has been bought in a deal that may return some cash to investors who were bilked by its developer.

SAN JOSE — A big downtown San Jose apartment complex that was entangled in a Bay Area real estate fraud case has been bought in a deal that may return some cash to investors who were bilked by its developer.

Carmel Partners, acting through an affiliate, has

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