Marcus & Millichap Inc.'s Institutional Property Advisors recently brokered the $148.4 million sale of The Venue at Orange, a newly constructed 328-unit multifamily property in Redlands, California. Sold at $452,439 per unit, this transaction marks the first high-quality, stabilized multifamily asset sale in the Inland Empire since 2021. The Venue at Orange, completed in 2023, features resort-style amenities and has quickly attracted affluent renters, benefiting from the area's strong demographics and demand for low-density living. The property is strategically located near major employers and retail centers, with convenient access to transportation networks.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250805275948) on August 06, 2025, and is solely responsible for the information contained therein.