The Phoenician, a 140-unit condo complex in east Roseville, quietly changed hands Monday in a bulk sale that closed at $34 million. The buyer, described in reporting as a firm based in south Placer County, now controls a development that has anchored parts of the Stoneridge neighborhood for roughly two decades.
Deal details and who bought it
According to The Business Journals, the property at 1501 Secret Ravine Parkway sold this week for $34 million to a buyer based in south Placer County. The outlet described the Phoenician as a Great Recession-era project and reported the bulk sale on Monday.
Property basics
The development at 1501 Secret Ravine Parkway is marketed as a 140-unit multifamily condo community, according to…..