Five Multifamily Properties in Long Beach and Torrance Trade for Combined $16.9MM

NEWPORT BEACH, Calif. – CBRE announced the acquisition of five multifamily properties in Torrance and Long Beach, Calif., on behalf of an exchange buyer. The five transactions fulfilled the buyer's 1031 exchange requirement following the sale of a 3.82-acre property in Torrance. Executive Vice President Dan Blackwell and Senior Associate Trey Mitchell of the CBRE […]