Chinese Cars in Europe: Consumer Trust Is Shifting Fast 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
IRVINE, Calif., Aug. 29, 2017 -- Sperry Commercial Global Affiliates today announced the successful closing of Garden Grove Manor Apartments in Garden Grove, California, for $13.2 million. Frank Dinari of Sperry’s Irvine office represented the seller, Garden Grove Manor, Inc., and the buyer in the transaction.
Built in 1971, Garden Grove Manor Apartments consists of 78 cooperative apartment units. The community sits on Bolsa Avenue between Ward and Starboard Street in the City of Garden Grove. Unique to this transaction is the fact that this property was originally built and designed as a cooperative community, whereby each resident is an individual shareholder and not a tenant. Upon close of escrow, the property will be converted into an affordable housing community and the residents who qualify under the California Income Level Tax Credit program will then become tenants. Unlike New York, cooperative properties are extremely rare in California.
“We generated 18 offers and ultimately selected a local Orange County affordable housing developer as the final buyer,” said Frank Dinari, senior vice president at Sperry Commercial. “The property’s class C designation, ideal location, and unit mix all make it a superior investment opportunity for the buyer,” Dinari added.
About Sperry Commercial Global Affiliates, LLC: Sperry Commercial Global Affiliates, LLC strives to offer the highest level of commercial real estate services available through thoughtful, cooperative, and ethical practices. The firm is headquartered in Irvine with more than 15 independently owned and operated offices located throughout the Western United States. Unique to Sperry Commercial Global Affiliates, LLC are a system of tools for affiliates that include a comprehensive real estate intranet and transaction management platform named Sperry CENTRAL and a custom designed marketing support software system called SperryLINK, among other immediate industry advantages. For more information, visit www.sperrycga.com.
Contact: Jessica Thompson Phone Number: 949-233-8575 Email: [email protected]
