The purchase of the Tropicanas is the largest commercial real estate transaction in local memory, experts in the business said this week. In Isla Vista, it follows the $38 million sale of Icon and Icon Gardens in March.
For more info, head on over to The Independent's article here.
For more info on the market of off-campus student housing, read this excellent article at the WSJ here.
For more info about the local real estate market direct from a professional — you know what to do.