The Dwight apartment complex in downtown Berkeley was bought by an East Bay real estate investment firm that seeks to create affordable housing for the region's workforce. An affiliate of Riaz Capital paid $37.8 million for the seven-story building at 2121 Dwight Way, according to documents filed on Sept. 5 with the Alameda County Recorder's Office. The purchase price was about 20% below the property's value in January, as calculated by the Alameda County Assessor's Office.
Creating garage space would increase the number of homes capable of EV charging from 31 million to more than 50 million. And when we include houses where the owner thinks it's feasible to add wiring, that grows to more than 72 million homes. And that's far more than Telemetry's most optimistic estimate of US EV penetration for 2035, which ranges from 33 million to 57 million EVs on the road 10 years from now.