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CBRE Completes Receivership Sale of Santa Monica Apartments
CBRE arranged the sale of 901 Ocean Ave., a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor.
By OMI Desk ·
CBRE Completes Receivership Sale of Santa Monica Apartments. CBRE arranged the sale of 901 Ocean Ave., a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor. The property sold for $23.46 million to a private local investor, with the buyer also assuming approximately $2.4 million in transaction-related obligations, bringing the total consideration to approximately $26 million. The sale was completed through a ... The post CBRE Completes Receivership Sale of Santa Monica Apartments appeared first on Connect CRE.