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Real Estate/Development

Dec. 2, 2016

Loft2015 Apartments sold for $28 million

The development at 2015 Hancock Street, originally conceived as a condominium development prior to its completion in 2008, offers four different floor plans.

Affiliates of a Los Angeles-based investment firm has acquired the 84-unit Loft2015 Apartments in San Diego's Midway neighborhood for $28 million.

The sale price, which is more than twice the $13 million it garnered in 2011, works out to $333,333 per unit.

The buyers were 1025 Sutter Street Partners LP and 721 Geary Street Partners LP, both of which are units of James Investment Partners.

The listed seller was OM CP III Stella, LLC, a unit of San Francisco-based Carmel Part...

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