Southland Units Fetch $6.8 Million

LOS ANGELES-A private investment group acquires 200-unit apartment complex in Desert Hot Springs. The deal is latest evidence that the Inland Empire market is heating up even though the regional economy is cooling.

By David W. Myers | July 20, 2001 at 01:01 AM

The complex, called Country Hills Apartments, stands at 66900 Ironwood. The buyer is privately held Spartan Equity.

The 200 units are spread across 25 buildings. The seller is a New York-based private partnership, My Montecito III Inc.

Marty Combs of the Ontario office of Grubb & Ellis represented both parties in the sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Los Angeles

Multifamily

1 Office Market Sees First Positive Net Absorption Since 2021

2 Nike Licensee Pays $360M for Manhattan Office it Plans to Owner-Occupy and Lease Out

3 Last Day to Nominate for Net Lease Influencers!

4 New York Governor Takes Aim at Wall Street's Home Buying Activities

5 More Multifamily Loan Originations Expected in 2025

GlobeSt. Multifamily Spring 2025
April 01, 2025 - New York

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
GlobeSt. Net Lease Spring 2025
April 01, 2025 - New York

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
More Information
Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information

Last Day to Nominate for Net Lease Influencers!

By Ingrid Tunberg | January 10, 2025

Submit a nominee for GlobeSt.'s 2025 Influencers in Net Lease recognition before the extended deadline on January 10th!

Last Day to Nominate for Net Lease Influencers!

Women of Influence Nominations Are Open

By Ingrid Tunberg | December 20, 2024

Nominate a candidate for the 2025 Women of Influence Awards. The chosen professionals will be honored at GlobeSt.'s annual Women of Influence awards ceremony in Denver, CO on July 22, 2025.

Life Science Demand Outpaces Supply in Greater Los Angeles

By Jack Rogers | December 18, 2024

Cities speed approvals, allow more flexible land use as availability remains tight.

Life Science Demand Outpaces Supply in Greater Los Angeles

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges link

Assessment

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Instant Insights /

Southland Units Fetch $6.8 Million

Want to continue reading?Become a Free ALM Digital Reader.

Dig Deeper

Trending Stories