Lee & Associates Transacts an $80 Million Multifamily Acquisition for Archstone

Torrance, CA – June 22, 2011 – (RealEstateRama) — In one of the largest Class A multifamily transactions on the West Coast this year, Denver-based Archstone has acquired a 187-unit condominium development for $80 million from McFarlane Partners of San Francisco. Jim Fisher, a principal with Lee & Associates-LA North/Ventura, Inc., and Stephen Peters, a principal with Lee & Associates-Investment Services Group, represented both the buyer and the seller in the transaction