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CA Group Buys 548-Unit La Palma Apts. for $32M

Investor Sells 51-Building Multifamily Complex on West Bell Road
By Robert Baker
December 9, 2005 | 3:06 P.M.

La Palma Apartments, at 220 W. Bell Road in Phoenix, sold to La Palma Apartments LP of Newport Beach, CA for $32 million, or about $58,400 per unit. The seller was G&I La Palma LLC.

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