Mike Smith

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  • San Fernando Valley Luxury Asset Acquired for $44 Million

    A private investor recently completed the acquisition of a residential asset in Encino, CA for a reported amount of $44 million. According to real estate firm Lee & Associates, the property was acquired from IMT Capital, a Sherman Oaks, CA-based company. The off-market transaction was completed with the assistance of Lee & Associates – LA North/Ventura Managing Director and Principal Jim Fisher, Lee Principal Mike Smith and Associate, Cory Stehr. The buyer was in a 1031 Exchange, and acquired the property as a long-term investment.

    Los Angeles 15 February 2015 20:48
  • First Ever Multifamily Property on Millionaire’s Row in Pasadena Trades Hands

    The South Orange Grove Apartments recently traded hands in the Pasadena submarket. The residential property was sold for a price that exceeds the original listing price that was set at $9.5 million. South Orange Grove Apartments was acquired by a private investor from an entity of City Ventures.

    Los Angeles 18 January 2015 21:55

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