Los Angeles Times: Fickett Towers Purchased


A Van Nuys apartment building named after a Navy chaplain was sold for more than $15 million to a provider of affordable housing for the elderly.

Fickett Towers, a 200-unit senior housing complex at 14801 Sherman Way, was acquired by California Commercial Investment Co., real estate broker H. Bruce Hanes of Hanes Investment
Realty Inc. said. The seller was Shepherd of the Hills Church of Porter Ranch.

Read More...