Housing Site Bought
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LA HABRA — A Palo Alto real estate investment trust said Friday it has acquired a 14.8-acre apartment site in La Habra for $3.5 million as part of a larger purchase of Southern California properties.
Essex Property Trust Inc. said it expects to spend an additional $19.4 million to build a 235-unit complex called Hillsborough Park Apartments. The company will begin construction of 15 two- and three-story buildings in March for opening in December 1998.
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