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Oakwood Newport Apartments

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September 1, 1999 | EDMUND SANDERS, TIMES STAFF WRITER
Oakwood Newport Apartments, the landmark 1,447-unit complex in Newport Beach, is being sold for nearly $125 million to a Northern California real estate company that plans to substantially renovate the 31-year-old property. The deal is the most expensive apartment sale in Orange County history, surpassing last year's sale of The Lakes in Costa Mesa, which sold for about $114 million, industry experts said.
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BUSINESS
September 1, 1999 | EDMUND SANDERS, TIMES STAFF WRITER
Oakwood Newport Apartments, the landmark 1,447-unit complex in Newport Beach, is being sold for nearly $125 million to a Northern California real estate company that plans to substantially renovate the 31-year-old property. The deal is the most expensive apartment sale in Orange County history, surpassing last year's sale of The Lakes in Costa Mesa, which sold for about $114 million, industry experts said.
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