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REAL ESTATE
April 16, 1989 | RUTH RYON, Times Staff Writer
Now that Asian buyers are purchasing California homes as well as commercial buildings, Southern California realtors are aggressively courting the foreign investors. The latest in the trend is Fred Sands, who announced a few days ago that he reached an agreement to market his residential listings through the 100 offices of Sumitomo Real Estate Sales Co. in Japan. Sands' 3-year-old Pacific Rim Division has been recording transactions at a monthly rate of $12 million, he said, and he expects that to multiply as a result of his new affiliation.
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