News & Views

News & Views

Vista Apartment Complex Sold For $24.2 million

San Diego Business Journal Jul. 20, 2016
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The Mogharebi Group (TMG) has completed the sale of Mesa Garden, a 124‐unit apartment complex, for $24.2 million. According to CoStar Group and public data, the buyer was Pine Vista Apartment Homes LLC, an affiliate of The Apartment Co. of Encinitas. Alex Mogharebi and Otto Ozen of TMG represented the seller, Pacific Development Partners, LLC. Built on over seven acres in 1977 and partially renovated in 2015, the property is located at 800 E. Bobier Drive in Vista.