Hines has paid $60 million, or $428,571/unit, for Pasadena Gateway Villas, a 140-unit apartment property in Pasadena, Calif. The Houston investment manager purchased the apartments from Washington Capital Management Inc. of Seattle in a deal brokered by Newmark. The brokerage also arranged financing to facilitate the purchase. Pasadena Gateway Villas was built in 2003 at […]

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