{"id":1004123776,"date":"2015-07-22T06:49:21","date_gmt":"2015-07-22T14:49:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355735"},"modified":"2022-03-03T21:56:04","modified_gmt":"2022-03-04T05:56:04","slug":"berkadia-arranges-trio-of-multifamily-deals-throughout-socal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/","title":{"rendered":"Berkadia Arranges Trio of Multifamily Deals Throughout SoCal"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>Three multifamily properties traded this week in Chula Vista, Bermuda Dunes, and Lake Elsinore for a total sales volume of $85 million. What ties them all together? The three deals were arranged by Managing Director Director Alex Mogharebi out of real estate company <a href=\"https:\/\/www.berkadia.com\/default.aspx\" rel=\"nofollow\">Berkadia<\/a>\u2019s Ontario, CA office.<\/p>\n<div id=\"attachment_355780\" class=\"wp-caption alignright\" style=\"width: 280px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-355780 \" title=\"The Villages at Bonita Glen\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\" alt=\"The Villages at Bonita Glen \" width=\"270\" height=\"203\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Villages at Bonita Glen<\/p>\n<\/div>\n<p>In Chula Vista, Mogharebi arranged the sale of The Villages at Bonita Glen for $49.1 million. Located at 240, 250, 254 and 260 Bonita Glen Drive and 72 Sandalwood Drive, the 295-unit property was built in phases throughout the 70s and 80s. Acquired by Philadelphia-based RRE Bonita Glen Holdings, the property was fully occupied at the time of the transaction. Former owner Granite Investment Group held the property since 1997.<\/p>\n<p>The second property of the three is Oasis at Bermuda Dunes, a 140-unit community that was bought by Pacific Development Partners for $19 million. Located at 79090 42<sup>nd<\/sup> Avenue in Bermuda Dunes, the community was finished in 2005 by current seller, L.A.-based Tri-Millennium Properties. The resident amenity package includes a swimming pool, business center, playground, and media room. According to a press statement announcing the sale, the new owners are looking to increase revenues at the property through a host of changes that includes a new property management team.<\/p>\n<div id=\"attachment_355782\" class=\"wp-caption alignleft\" style=\"width: 253px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Harbor-Grand.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-355782  \" title=\"Harbor Grand\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Harbor-Grand.jpg\" alt=\"Harbor Grand \" width=\"243\" height=\"183\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Harbor Grand<\/p>\n<\/div>\n<p>Located at 15120 Grand Avenue in Lake Elsinore, Harbor Grand is the final asset on the list. The 192-unit community was sold by owner Positive Investments to Providence Capital Group for $16.9 million. The buyer acquired Harbor Grand as the upleg of a 1031 exchange. Positive Investment previously acquired the property out of foreclosure and, during its tenure as owner, carried out a number of improvements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three multifamily properties traded this week in Chula Vista, Bermuda Dunes, and Lake Elsinore for a total sales volume of $85 million. What ties them all together? The three deals were arranged by Managing Director Director Alex Mogharebi out of real estate company Berkadia&rsquo;s Ontario, CA office.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004123776","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Berkadia Arranges Trio of Multifamily Deals Throughout SoCal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkadia Arranges Trio of Multifamily Deals Throughout SoCal\" \/>\n<meta property=\"og:description\" content=\"Three multifamily properties traded this week in Chula Vista, Bermuda Dunes, and Lake Elsinore for a total sales volume of $85 million. What ties them all together? The three deals were arranged by Managing Director Director Alex Mogharebi out of real estate company Berkadia&rsquo;s Ontario, CA office.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-22T14:49:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T05:56:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/\",\"name\":\"Berkadia Arranges Trio of Multifamily Deals Throughout SoCal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\",\"datePublished\":\"2015-07-22T14:49:21+00:00\",\"dateModified\":\"2022-03-04T05:56:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/The-Villages-at-Bonita-Glen.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-trio-of-multifamily-deals-throughout-socal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Berkadia Arranges Trio of Multifamily Deals Throughout SoCal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. 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