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New York Investor Purchases Suburban LA Apartment Complex at Record Price-Per-Unit

Clarion Partners Spends $92 Million on West Covina Multifamily Property
An apartment complex at 200 N. Grand Ave. in West Covina, California, has sold for $92 million. (CoStar)
An apartment complex at 200 N. Grand Ave. in West Covina, California, has sold for $92 million. (CoStar)

An active buyer of Los Angeles commercial properties has purchased another apartment complex as multifamily sales remain vigorous in the nation's second-biggest apartment market.

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