Colliers Finalizes Apartment Sale in Supply-Constrained 605 Corridor

Colliers closed the sale of Parc @ 5, a 104-unit garden-style apartment community located in the gateway city of North Downey. The buyer, B.A.G. Investments, Inc., acquired the asset from Parc @ 5 Downey, LLC for an undisclosed figure. Colliers EVP Shane Shafer represented the seller in the transaction, reportedly among the most notable multifamily...