Vista Pointe Apartments Trade for $15.5M

Riverfront Capital LLC acquired the Vista Pointe Apartments at 550 Purdy Ln. in Palm Springs, FL from PEM Investments for $ 15.45 million, or about $ 49,000 per door. The property is a seven-building, 219,182-square-foot, multifamily complex with 314 units constructed in 1971 in Palm
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Colony Club Luxury Apartments Trade for $26.7M

Advenir acquired The Colony Club Luxury Apartments at 7132 Colony Club Dr. in Lake Worth, FL from The Holiday Organization, Inc. for $ 26.65 million, or about $ 125 per square foot. The three-story 237,340-square-foot, Class A apartment building was built in 2003 and is located in the
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Vornado Completes $228M Trade of Chicago Property

Merchandise Mart Properties Inc., a subsidiary of Vornado Realty Trust (NYSE: VNO), completed its sale of the Shops at the Mart building park for $ 228 million, or about $ 188 per square foot. Shorenstein Properties LLC made the purchase on behalf of its $ 1.23 billion Shorenstein Rea
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Obama, Hu pitch different trade agendas (Reuters)

Reuters – President Barack Obama and Chinese President Hu Jintao presented dueling trade agendas as an antidote to weak global growth on Saturday at an APEC summit dominated by the countries’ growing rivalry. Yahoo! News: Business News
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Villas of Palm Beach Trade for $4.4M

AG Properties acquired the 60-unit Villas of Palm Beach multifamily community at 2236 Laurel Way in West Palm Beach, FL from ABC Construction, Inc. for $ 4,365,000, or $ 72,750 per unit. Villas of Palm Beach is a garden-style community consisting of seven buildings in the Greenacres s
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