Article: Coldwell Banker Commercial Orange Coast Completes the Sale of California Property.

Business Editors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 13, 2003

The Coldwell Banker Commercial(R) Orange Coast, a subsidiary of Real Estate Partners Inc., today announced that it closed a $2.25 million sale of Ocean View Inn & Suites in San Clemente, Calif.

Steve Patel, Managing Director -- Western Region, of the Coldwell Banker Commercial Hospitality Group represented both sides of the transaction located at 1301 N. El Camino Real, San Clemente.

The buyer, CK & RC Bhakta, purchased the 44 Room facility for $2.25 million. The property consists of a 3 story, exterior corridor with approximately 18,300 square feet of improvements on ...

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