A recently built Inland Empire apartment community has a new owner after a nearly $150 million sale. New York-based Sentinel Real Estate Corporation bought The Venue at Orange complex for $148.4 million, L.A. Business First reported. The seller was San Diego-based LuxView Properties, which developed the property in 2023. The sale price works out to about $452,400 per unit. Institutional Property Advisors, a division of Marcus & Millichap, facilitated the sale, with brokers Chris Zorbas, Kevin Green, Joseph Grabiec, Kyle Pinkalla, Alexander Garcia Jr. and Gregory Harris representing LuxView Properties in the deal. Following its opening in 2023, The Venue […]
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