Real estate notes: apartments sell in Spring Valley

June 17, 2024 – Our town took a magical trip down memory lane today. The Model T Ford Club of America rolled into town for their 2024 National Tour. 

Dozens of these magnificent Model T’s lined our streets. It felt like stepping back in time.

The visitors took a stroll through our town’s rich history, from the old Lakeside Inn, the Auto Speedway route, made famous by racing legend Barney Oldfield, to our charming historic buildings and homes.

The Lakeside Historical Society opened their doors, welcoming everyone to explore the chapel, museum, Gift Shop, and the Speedway monument. It was a little slice of the past brought back to life.

Their visit was short, but the memories will last a lifetime. A huge thank you to the Model T Ford Club of America for stopping by and making the day in our hometown so special.

by Rick Griffin

— The 128-unit Oakbrook Ridge community, on approximately seven acres off Paradise Valley Road, has been sold for $18.8 million. Cushman & Wakefield said the buyer was Charles Frederick Kreutzkamp and the seller was R&V Management Corp. The apartments were built in 1985.
— The 20-unit Kenwood apartment complex at 9062 Kenwood Dr. has been sold for $1.9 million. The buyer was Twin Management Services LLC of Irvine, Calif., and the seller was Kenwood Best LLC. The acquisition was financed with a loan of $1,425,000 from JPMorgan Chase Bank. The apartments were built in 1979. In June 2006, the property was sold for $2,175,000, with financing of $1.65 million.