Commercial Scene : Braun Financial Buys Hollywood Apartments

Maurice D. Braun, president of the Encino-based Braun Financial Co., has purchased the 40-unit apartment complex at 1632 Formosa Ave. in Hollywood from the 1632 Formosa Partnership for $2,395,000.

The firm’s acquisitions in the last 12 months have exceeded $60 million, according to Braun.

The properties have ranged from single-family homes to existing apartments, office buildings and shopping centers.