TEMECULA, CA—Limited new supply, high demand and difficulty entitling define the apartment market in this wine-country submarket, CBRE‘s Curtis Palmer tells GlobeSt.com. As we reported recently, CBRE Capital Markets has arranged the sale and financing of the Vineyards at Paseo Del Sol, a 288-unit, class A apartment community here, to the Praedium Group for $69.65 million.

Palmer and Peter Sherman of CBRE’s Beverly Hills office, along with Paul Runkle of CBRE’s Ontario, CA, office, represented the seller, the Dinerstein Cos. We spoke exclusively with Palmer about the apartment market in Temecula and what was special about the sale.

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