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PASADENA, CA—The Swig Co. acquires the historic 1922 72,500-square-foot office building, formerly occupied by Royal Laundry Co. and currently occupied by the Disney Store's western regional headquarters, from Karlin Real Estate.
WOODLAND HILLS, CA—An institutional multifamily investor acquires the 298-unit luxury multifamily property from Wood Partners because of the high demand for luxury rental units in the submarket, GlobeSt.com reports <b>EXCLUSIVELY</b>.
LOS ANGELES—Storage Etc. Development LLC acquires the three-property portfolio in Los Angeles and Riverside from the AMS Group for $16.4 million, GlobeSt.com reports <b>EXCLUSIVELY</b>.
AVENTURA, FL—Hollywood Beach, FL-based BH3 and developer Gary Cohen report that they have secured final site plan approval from the City of Aventura for their Privé at Island Estates luxury residential project here.
APEX, NC—Wheelock Street Capital of Greenwich, CT has acquired the 316-acre master-planned community of Jordan Pointe here from NVR, Inc., the parent company of Reston, VA-based NVHomes and Ryan Homes.
IRVINE, CA—Long-time apartment-building owners need to be convinced to put their properties on the market in order to revitalize Orange County's multifamily stock, say panelists at RealShare Orange County.
IRVINE, CA—Flipping of US residential properties drops below 5% of all sales in the second quarter, and the average return was down from both Q1 and a year ago, RealtyTrac reports.