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CBRE Arranges 1031 Deal for OC Apartments
CBRE arranged the sale of two multifamily apartment communities totaling 38 units and $12.12 million in Orange County, in the completion of a 1031 exchange.
EVP Dan Blackwell, first VP Mike O’Neill and senior associate Andrew Boukather represented both the buyer and seller in the sale of 18 units at 1800 W. Glencrest Ave. in Anaheim for $4.8 million. Blackwell and O’Neill represented the seller of the 20 units at 1887 Monrovia Ave. in Costa Mesa for $7.32 million. All parties involved were private investors based in Southern California.
“Orange County multifamily assets continue to attract buyers looking for flight to quality and we expect this investor demand to continue into the near future,” said Blackwell.
- ◦Sale/Acquisition




