TEMECULA, CA—Limited new supply, high demand and difficultyentitling define the apartment market in thiswine-country submarket, CBRE's CurtisPalmer tells GlobeSt.com. As we reported recently, CBRE CapitalMarkets has arranged the sale and financing of theVineyards at Paseo Del Sol, a 288-unit, class A apartmentcommunity here, to the Praedium Group for$69.65 million.
Palmer and Peter Sherman ofCBRE's Beverly Hills office, along with PaulRunkle of CBRE's Ontario, CA, office, represented theseller, the Dinerstein Cos. We spoke exclusivelywith Palmer about the apartment market in Temecula and what wasspecial about the sale.
GlobeSt.com: What was unique for you about theVineyards at Paseo del Sol apartment community?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
