Aurora Hills - Aurora, CO
November 17, 2011
CommercialRealEstateDirect.com – Los Angeles-Area Apartments Sell for $29Mln
… Phoenix Realty Group has paid $29 million, or $123,400/unit, for the 235-unit Portofino on the Park apartment complex in Upland, Calif., which is east of Los Angeles in San Bernardino County.
The New York investment manager plans to spend another $2.8 million to renovate the complex at 850 North Benson Ave., which was built in 1976. The garden-style property includes two swimming pools, a spa, fitness center, clubhouse and playground…