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The multifamily market in Southern California’s Inland Empire is attracting investors’ attention as more people flee Los Angeles.
WESTLAKE VILLAGE, CA - Multifamily brokerage firm The Mogharebi Group (“TMG”), representing a private investor based in Salt Lake City, UT has successfully brokered the sale of a 108-unit apartment community in Palm Springs, CA for $19.7 million. Built in 1964, Tahquitz Court is an affordable apartment community located on E Tahquitz Canyon Way. The two--story garden-style community situated on a 5.40-acre lot features a mix of one-, two- and three-bedroom units. Community...
MERCED, CA - The Mogharebi Group, (“TMG”) has completed the sale of Axis at Compass Pointe in Merced, a 96-unit community located at 3779 Horizon Avenue. The property sold with multiple offers for a record price of $23,500,000 that equates to $244K per unit or $245 per square foot. The buyer is a private investment group out of the San Diego area. “No inventory has been added in Merced since 2013, apart for Axis at Compass Pointe. Therefore, there was a high level of interest...
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A neighbourhood teenager who showed up at his house with a Hebrew Bible started a little-known chapter in the career of Warren Buffett’s right-hand man.