ONTARIO, CA-GlobeSt.com has exclusively learned that JHReal Estate Partners has purchased the Colony, a class Aapartment community here for $22.1 million. The seller wasJH Snyder Co.
Jones Lang LaSalle managing directorJoe Leon, VP Javier Rivera, and EVP DarcyMiramontes along with analyst Zach Rivas,led the JLL team on the transaction. “Our knowledge of the localmarket enabled us to locate a buyer who understood that this was anopportunity to acquire a class A, newly constructed property at thebeginning of the real estate cycle,” Leon says.
He tells GlobeSt.com that “the Inland Empirehas experienced explosive population growth, averaging over 100,000new residents per year since 2000 and projected to continueexpanding at 6.31% annually through 2016.” He adds that “Ontariohas historically enjoyed an apartment market with extremely strongoccupancy. During the last four years, Ontario's apartment marketoccupancy remained at 93% or more. Today, REIS reports an Ontarioapartment occupancy of 96% with forecast high occupancy through2013.” He adds that “No new Ontario apartment units are slated forconstruction in 2012.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
