Deal of the Week

May 11, 2012

May 15, 2012

May 18, 2012


Affordable Fallbrook apartment sold

The Deal of the Week was handled by Allen Chitayat and Steve Huffman, of the San Diego office of Hendricks & Partners; and Douglas Simmons, of DWS Real Estate.

The deal was the sale of the 96-unit Summer Ridge affordable apartment complex at 818 E. Alvarado St. in Fallbrook for $6.8 million.

The buyer was Summer Ridge 96 LP, with Social Services & Affordable Housing Corporation as managing general partner.

Financing in the amount of $5.4 million was arranged by Chris Hutchison, of Alcole Capital; and Gregory Reed, of Beech Street Capital of Newport Beach.

The seller of the property was National Community Renaissance of California (National CORE) of Rancho Cucamonga.

The two-level, approximately 56,364-square-foot apartment was constructed in 1965 and 1975 on 3.28 acres. The property sold in May 1989 for $4,075,000.


May 11, 2012

May 15, 2012

May 18, 2012


Friday, Apr 18, 2014
Art Exhibit

Friday, Apr 18, 2014
Exhibit

Friday, Apr 18, 2014 8:00 PM
Festival

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