Tumon beachside luxury apartments sold for $7.4 million

Luxury Beachfront Partners LLC purchased the Blue Lagoon Luxury Apartments in Tumon for $7.4 million. The sale was finalized on June 1. Beachfront Partners is an alliance of local and international investors formed by Matthew Giger executive director of the Marianas for Balboa Asian Investments LLC shareholder of and Beachfront Properties and operations and business coordinator for Pacific Telecom Inc.; and Ronald E. "Ron" Mullers international director for Balboa and shareholder for Beachfront Properties . . .

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