Southern California apartments sold

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Grubb & Ellis Co. brokered the sale of a 151-unit apartment complex in Ontario, Calif. The transaction was valued at $22.2 million. The property, The Woodlands, is a 24-building complex located at 1309 Mission Blvd. The site was built in 1988 and was fully leased at the time of sale. Mission Woods LLC, a Mission Viejo, Calif.-based investment group, purchased the property from Irvine, Calif.-based Aslan Meadows Pines LLC. Grubb & Ellis is a global provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to