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...
Northmarq’s Midwest Multifamily Investment Sales team led by Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone successfully brokered the sale...