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Novella Redondo Apartments Sold for $53.5 Million

Investors Purchase Redondo Beach Multifamily Asset
By Chelsea Bell
May 22, 2019 | 7:53 P.M.

Ideal Capital Group and Aegon USA Realty Advisors Inc. purchased the Novella Redondo apartments at 616 Esplanade in Redondo Beach, California, for $53.5 million, or roughly $510,000 per unit, from Stockbridge Capital Group LLC. 

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