|May 30, 2023|
Montclair housing transaction hit $150 million
MONTCLAIR – (INT) – A real estate transaction is being listed as the largest of its kind so far this year in Southern California.
The Paseos at Montclair North is a 385-unit multi-family residential complex. It’s been acquired by Archway Equities (“Archway”) for 150-million dollars.
It’s located on Olive Street and is within walking distance of the Montclair Transitcenter, an intermodal transit center providing bus and train service throughout the region.
Archway President Sean Moghavem was impressed with the region’s “favorable business climate, low cost of living and continued job and population growth.”
Story Date: May 27, 2023