{"id":281271,"date":"2026-04-23T01:54:20","date_gmt":"2026-04-23T01:54:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/281271\/"},"modified":"2026-04-23T01:54:20","modified_gmt":"2026-04-23T01:54:20","slug":"darius-assemis-granville-homes-selling-downtown-fresno-portfolio","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/281271\/","title":{"rendered":"Darius Assemi\u2019s Granville Homes selling downtown Fresno portfolio"},"content":{"rendered":"

\"The<\/p>\n

The Lede by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. <\/p>\n

ERIC PAUL ZAMORA<\/p>\n

ezamora@fresnobee.com<\/p>\n

Granville Homes, the residential development company led by developer Darius Assemi, listed its urban portfolio of downtown Fresno properties for sale Sunday<\/a> on the commercial real estate website LoopNet.<\/p>\n

The Assemi portfolio includes<\/a> 191 homes in 61 buildings across seven properties \u2014 several of which are a visible part of downtown\u2019s Mural District area. Some are assessed in the multimillion-dollar range, including The Lede at 1515 Van Ness Ave. (85 units) and 1612 Fulton (30 units).<\/p>\n

Granville Homes did not respond to a request for comment Tuesday. Robin Kane, a listing agent handling the sale, told The Bee that Granville is selling because holding the properties have outlived their value to the developer.<\/p>\n

\u201cThey\u2019re a builder,\u201d Kane, managing director for the commercial real estate advisory firm Northmarq, said of Granville Homes.<\/p>\n

He said Granville in recent years has already sold multiple downtown assets and has been focused on other Fresno developments. The company has been working on new suburban neighborhoods throughout the city, including Parc West in west Fresno and Belterra off Shields Avenue in east Fresno.<\/p>\n

Kane would not provide Granville\u2019s asking price for its urban portfolio, which he described as \u201cprivileged information.\u201d<\/p>\n

\"1612 1612 Fulton by Granville Homes, located on Fulton Street, photographed Wednesday, April 22, 2026 in downtown Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com Two properties in Granville\u2019s downtown Fresno portfolio sold for millions<\/p>\n

Granville Homes put its urban portfolio up for sale in 2016<\/a>. At the time it included nine properties totalling 291 units.<\/p>\n

Assemi said in 2016 he was getting ready to finish building in downtown\u2019s Mural District. Assemi had said he wanted to help revitalize the neighborhood, though it turned out to be difficult to navigate for developers. He said then that, if the portfolio sold, \u201cwe will look at taking some of our resources and investing in other communities.\u201d<\/p>\n

In 2018, Granville sold the 46-home mixed-use Fulton Village community for an estimated $7.9 million. The company sold the 54-unit Brio on Broadway community in 2024 for over $10 million in a sale brokered by Northmarq<\/a>.<\/p>\n

The seven properties for sale now in the portfolio were all built between 2011-2019, according to its LoopNet listing. Some were built using public loans and include affordable units.<\/p>\n

Besides The Lede and 1612 Fulton, the properties for sale in the Granville listing include:<\/p>\n

Van Ness Cottages, which consists of 20 town homes in the Lowell neighborhood north of downtown.Bungalow Court, an 8-unit community in a restored property first constructed more than 100 years ago.Crichton Place, which consists of 28 town larger town homes built in 2014.1743 at Crichton, a 16-unit apartment complex across the street from Crichton Place.1752 at Crichton, four apartments of 611 square feet in one building at the northern edge of Crichton Place.<\/p>\n

A financial report included in the portfolio\u2019s flyer<\/a> shows it has the potential to generate more than $2.9 million in net operating income in a year.<\/p>\n

\"Crichton Crichton Place on L Street by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"The The Lede by Granville Homes on Van Ness Street, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \" by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"1612 1612 Fulton, a development by Granville Homes on Fulton Street, bottom, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"The The Lede on Van Ness Street by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"1743 1743 at Crichton is property developed by Granville Homes, across from Crichton Place on L Street, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"Crichton Crichton Place is housing developed by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com \"A A gated entry for The Lede by Granville Homes, photographed Wednesday, April 22, 2026 in downtown Fresno. Granville Homes has posted its urban portfolio for sale. ERIC PAUL ZAMORA ezamora@fresnobee.com
\n Related Stories from Fresno Bee<\/p>\n


\n \"Profile
\n <\/a><\/p>\n

Erik Galicia<\/a><\/p>\n

The Fresno Bee<\/p>\n

Erik is a graduate of the Missouri School of Journalism, where he helped launch an effort to better meet the news needs of Spanish-speaking immigrants. Before that, he served as editor-in-chief of his community college student newspaper, Riverside City College Viewpoints, where he covered the impacts of the Salton Sea\u2019s decline on its adjacent farm worker communities in the Southern California desert. Erik\u2019s work is supported through the California Local News Fellowship program.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The Lede by Granville Homes, photographed Wednesday, April 22, 2026 in Fresno. Granville Homes has posted its urban…\n","protected":false},"author":2,"featured_media":281272,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[112,114,113],"class_list":["post-281271","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fresno","tag-fresno","tag-fresno-headlines","tag-fresno-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/281271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=281271"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/281271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/281272"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=281271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=281271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=281271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}