Colliers International has completed the sale of 10 condos in downtown Huntington Beach, Calif. The properties were bought in bulk for $2.5 million by Symphony Real Estate Fund, a firm that invests in broken condominium conversions.
“We received more than 30 all-cash offers on the property, with the transaction taking 7 months to close,” says Pat Swanson, vice president of multifamily investments in Colliers International’s Irvine office. “What made this offering so compelling was the property’s proximity to downtown, the beach and the new city project across the street.”