Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.
DEALTRACKER
GRAND TERRACE, CA—Institutional Property Advisors has sold The Crest at Grand Terrace, a 228-unit apartment complex located in Grand Terrace, California, for $33 million on behalf of a private investor. The $33,050,000 sales price represents $144,956 per unit. Completed in 1978, the property is situated on more than nine acres at the signalized intersection of Mt. Vernon Avenue and De Berry Street, just off Interstate 215, and between Interstate 10 and the California State Route 60. Employers in the immediate area include Amazon, Loma Linda University Medical Center, Loma Linda University, Arrowhead Regional Medical Center and the University of California, Riverside. Alexander Garcia, Christopher Zorbas, senior managing director, Tyler Martin, director, and David Sperling, senior director, represented the seller and procured the buyer, Auctus Capital Partners.
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Kelsi Maree Borland
