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April 16, 2012

Albers Mill Lofts sold for $1.4M

TACOMA — On Friday a lending group that includes local investor Ron Sher bought the historic Albers Mill Lofts in Tacoma for $1.4 million in a foreclosure sale, according to attorney Ted Woodward with Wolfstone, Panchot & Bloch, the trustee that conducted the sale.

The Sher group foreclosed on the 36-unit apartment project because the owner, Albers Mill, LLC, defaulted on a loan from the group, according to public records.

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