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California  + Orange County  + Apartments  | 
CBRE arranged a $12-million 1031 exchange transaction involving apartment properties in Anaheim and Costa Mesa

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.

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CBRE's Blackwell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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