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It was bought by a group of Korean buyers headed locally by Robert Lee from a partnership involving Normandy Real Estate Partners and Wafra Investment Advisory Group. Richard Walter, president, and Donald MacLellan, managing director, of the Investment Advisory Group at Irvine-based Faris Lee Investments represented both the seller and the buyer in the 1031 Exchange transaction. The traditional asset classes have become commoditized in the past decade," says Jorge Rios, Senior Vice President, Investment Advisory Group, HSBC Private Bank International. |
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