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Praedium's Beach sale.


The Praedium Group LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City-based national real estate investment firm, announced a disposition of a joint venture property purchased with Hermosa Beach Hermosa Beach (hûrmō`sə), city (1990 pop. 18,219), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1907. It is a residential suburb and a popular resort noted for its fine, sandy beaches and excellent surf. , CA-based Coastline Capital Partners, LLC.

Rosemead Garden Apartments, located in the Pico Rivera Pico Rivera (pē`kō rĭvĕr`ə), city (1990 pop. 59,177), Los Angeles co., SW Calif., SE of Los Angeles on the San Gabriel and Rio Hondo rivers; inc. 1958 with the union of Pico and Rivera into one community.  area of Los Angeles at 7711 Rosemead Blvd., was sold to a private investor for $16.3 million or approximately $125,000 per unit.

Chris Hughes, a principal at Praedium, said, "This investment benefited from economic growth in the City of Pico Rivera and surrounding neighborhoods. Through our capital improvement program we were able to renovate 35 percent of the units and bring new appeal to the property. This was a successful investment that brought value to our tenants."

Steve Ludwig, a principal at Coastline Capital Partners, said, "We were able to surpass our business plan at this asset because of our in-depth research and knowledge of what needed to be done at the property."
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Title Annotation:Praedium Group and Coastline Capital Partners sold joint venture property to private investor
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 12, 2005
Words:153
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