Apartment sales through the first nine months of the 2001 wereup 9% from a year ago, mostly due to a strong first half of theyear, according to Burnham Real Estate Services.
The Burnham report shows 278 apartment sales in the thirdquarter compared to 276 during a year ago. Some 4,027 total unitswere sold, however -- down 29% from the 5,686 units sold during thesame time last year. Year-to-date, 12,472 units have sold, down 10%from the 13,844units sold during the first nine months of 2000.
Large sales during the quarter included Marbrisas, a 500-unitcomplex on Regulo Place in Chula Vista, purchased by EssexMarbrisas Apartments for $62 million. The Sunridge Apartments, a160-unit complex on Graves Avenue in Santee, was bought y SunridgeApartments LP for $13.3million.
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