An entity connected to MetLife sold an apartment tower in Downtown Los Angeles for $68.8 million, according to property records dated late December. The buyer is a company owned by APW Avenue Group, which received a $56.8 million loan from Prime Finance. APW Avenue Group is a privately held real estate investment company led by James Parks, who signed the loan document and confirmed the deal. The city transfer tax, which includes the special tax via Measure ULA, was about $4.1 million and paid by the seller. Neither seller nor lender immediately responded to a request for comment. The 22-story […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico