Concord Capital Partners added another Koreatown apartment building to its growing collection. The Beverly Hills-based investment firm bought The View, a 13-story, 168-unit building at 3460 West Seventh Street for $52 million, or $310,000 per unit, L.A. Business First reported. The seller, an affiliate of MWest Holdings, bought the property in late 2018 for $73.3 million, making the latest sale a 29 percent discount, Commercial Observer reported. JLL represented the seller and secured the financing in the transaction. The View was an attractive pickup for Concord because of Koreatown’s “institutional quality and strong fundamentals,” said Jonathan Fhima, Concord’s chief investment […]
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