Luxury apartments sold in San Diego

Hendricks & Partners facilitates deal

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Hendricks & Partners brokered the sale of Laurel Bay, a 150-unit luxury apartment community in San Diego, Calif. The value of the transaction was $56.6 million. Simpson Laurel Bay LP sold the property, located at 2400 5th Ave., to Hammer Ventures. Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....