The Fourth District Court of Appeal, in Olen Properties Corp. v. City of Newport Beach (2023) Cal.App.5th , upheld the City of Newport Beach’s approval of a 312-unit apartment.
This year’s valuation of $18 billion for Bren still gives the country’s wealthiest real estate owner the No. 1 spot on this edition, by a considerable margin.
ATLANTA, GA - Cushman & Wakefield announced that the commercial real estate services firm arranged the $91 million sale of The Reserve at Sugarloaf, a 333-unit multifamily community located in Duluth, Georgia at 2605 Meadow Church Rd.
Cushman & Wakefield’s Robert Stickel, Alex Brown, Ashlyn Warren, and Wesley Lacefield represented the seller, an institutional client of New York Life Real Estate Investors, in the transaction. The multifamily community was acquired by Olen.
Situated in Duluth, Ga., the property was constructed in 2002. Olen Properties has expanded its multifamily portfolio with the acquisition of a 333-unit community in Duluth, Ga.
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