IREA HANDLES LARGEST 2010 MULTIFAMILY SALE TO DATE IN SAN FERNANDO VALLEY

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SHERMAN OAKS, CALIF. — Investment Real Estate Associates (IREA) has brokered the more than $23 million sale of the 98-unit Magnolia Apartments, located at 15357 Magnolia Blvd. in Sherman Oaks. IREA’s Clark Everitt and William Everitt represented both the seller, 15357 Magnolia Associates LLC and Westgate Group, and the buyer, a private individual investor, of the multifamily property, which was constructed in 2009.

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