Pacific Urban Investors purchased a downtown Glendale apartment building for about 8 percent over its last trade more than a decade ago. The Marcus & Millichap Company paid $76 million for 200 East Broadway, according to property records. The seller was Equity Residential; Berkadia issued a $19 million note. The deal comes out to $365,000 per apartment for the 208-unit building. The property, called the Eleve, includes about 14,000 square feet of fully leased ground floor retail and a 26,000 square foot skydeck. It is near billionaire Rick Caruso’s Americana at Brand. Equity Residential purchased the seven-story property for $70.5 […]
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