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  • Foreign Investor Makes First Multifamily Buy, Pays $17 Million for The Willow Townhomes

    An Asian industrial real estate investor closed on the 39-unit, high-end Willow Townhomes in Ontario, CA. The buyer shook hands with the property’s seller and developer, 221 N. Mountain Ave. Holding LLC, on the $17.4 million transaction. The price-per-unit was the highest recorded in the city of Ontario. CBRE’s Eric Chen, Blake Torgerson and Kevin Sin represented the seller. The financing consisted of cash and a new first loan through East West Bank. Torgerson told ApartmentBuildings.com that the buyer already...

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