Archway Equities Buys Montclair Apartment Complex for 0M
Archway Equities has bought a 385-unit luxury apartment complex in Montclair for $150 million — the largest multifamily deal to close this year in ...
Archway Equities has bought a 385-unit luxury apartment complex in Montclair for $150 million — the largest multifamily deal to close this year in Southern California. The Beverly Hills-based real estate investment firm purchased The Paseos at Montclair North at 4914 Olive Street, the Commercial Observer reported. The seller was a firm tied to billionaire developer Geoff Palmer. The Mediterranean-style complex in the Inland Empire's Pomona Valley is 97 percent leased. The Paseos, built in 2014, includes studio, one-, two- and three-bedroom townhome-style apartments that take up nearly two blocks north of the Montclair Place mall and Interstate 10.