Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Cushman & Wakefield has brokered three multifamily communities in Southern California for a total of $156 million. The first acquisition was Ventura Pines, a 309-unit apartment complex in Ventura, purchased by Coastline Capital Partners for $50 million. Built in 1971, Ventura Pines is located at 1241 Petit Ave. and is situated on more than 12 acres, featuring five courtyards, each with a resort-style pool, landscaped gardens and large open-air cabanas. JSB Trust sold the asset. In the second transaction, AEW Capital Management purchased Waterstone at Moorpark, a 5-year-old community featuring 312 units. Built in 2001, the property is located at 4767 Moorpark Ave. in Moorpark, about 25 miles from Ventura. Pacific Property Co. sold the asset for $63 million. In the third transaction...