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‘Broken condo’ complex gets buyer

Feb 27, 2012

Decron acquires Santa Clarita’s Madison at Town Center for $56.65 million

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Buyer Drops In On Apartments After Price Tumble

Los Angeles Business Journal  |  Feb 11, 2012

A 264-unit multifamily complex in Valencia traded hands for $56.7 million this month.
Decron Properties Corp., an arm of real estate investment group Nagel Family Trust, bought the property known as the Madison at Town Center from Prado Town Center West LLC, a joint venture of Miamiâ’s Lennar Homes Inc. and L.A.’s Regent Properties Inc., according to CoStar Group Inc.

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Properties’ Latest $56.5 Million Multifamily Acquisition Marks 18 Months Of Aggressive Growth Decron

Feb 2, 2012

LOS ANGELES, CA. February 2011 – Decron Properties, a diversified real estate investment company, has acquired The Madison at Town Center, a 264 unit multifamily community in Santa Clarita, California for $56.65 million. The purchase marks another milestone in Decron’s impressive acquisition streak of 1500 units in just 18 months,…

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LAX Office Market is Picking Up

Jun 13, 2000

By Bob HowardJune 13, 2000 in print edition C-12 One of Los Angeles County’s longest-suffering office markets is at last showing signs of recovery as new businesses begin to fill long-empty space and rents begin to rise in buildings near Los Angeles International Airport. Nobody is yet calling LAX a hot market…

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