Thursday , May 30 2024
Breaking News
Sold Sign

Montclair multifamily sells for $150 million

A 385-unit multifamily property in Montclair has been sold for $150 million.

Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement.

4914 Olive Street Properties LLC was the seller.  JLL represented the investment group in the negotiations.

Located at 4914 Olive St., the development covers two blocks and includes a concert amphitheater, two swimming pools and a fitness facility.

The property was developed in 2014.

Beverly Hills-based Archway Equities has more than $1 billion in commercial real estate assets in its portfolio including 5,000 apartment units. The Paseos is its first multifamily purchase in California, according the statement.


Check Also

Shopping center gets refinanced

A 133,00-000-square-foot grocery-anchored shopping center in Riverside is being refinanced. Magnolia Towne Center has received …

Leave a Reply

Your email address will not be published. Required fields are marked *