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lakes

Promenade at Wyndham Lakes Sells for $88.5M
www.costar.com

AEW Capital Management acquired the Promenade at Wyndham Lakes Apartments located at 11500 NW 56th St. in Coral Springs, FL from Starwood Capital Group for $88.5 million, or about $267,000 per unit. The 406,447-square-foot multifamily property consists of 332 apartment units. The property was delivered to the market in 1999 and a renovation was completed […]

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Watkins Realty Buys The Lakes at Port Richey Apts
www.costar.com

Watkins Realty Services LLC acquired the 288-unit The Lakes at Port Richey apartments at 8228 Chasco Woods Blvd. in Port Richey, FL for $29 million, or about $101,000 per unit, from Aspen Square Management. The 264,168-square-foot multifamily community consists of one-, two- and three-bedroom units in 24 buildings. It was built in 1989 on 23.8 […]

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Wood Ptnrs Sells The Village at Terra Bella in Land O Lakes
www.costar.com

Wood Partners sold The Village at Terra Bella apartments at 23700 Viento Dr. in Land O Lakes, FL for $52.87 million, or $170,000 per unit, to Northland Investment Corporation. The 311-unit, 339,301-square-foot multifamily community delivered in 2014 on 51.9 acres in Pasco County. The pet-friendly property is comprised of a mix of one-, two- and […]

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Independence Realty Acquires Lakes of Northdale
www.costar.com

Independence Realty Trust purchased the 216-unit Lakes of Northdale apartments at 16297 Northdale Oaks Dr. in Tampa, FL for $29.75 million, or about $138,000 per unit, from Robbins Electra. The 198,687-square-foot multifamily community consists of one- and two-bedroom units across 27 buildings. It was built in 1985 in the Northdale MF submarket, and was 93 […]

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CRG Pays $9.4M for Twin Lakes Plaza
www.costar.com

Creative Realty Group acquired the Twin Lakes Plaza shopping center at 31800 – 31988 US Hwy 19 N. in Palm Harbor, FL for $9.4 million, or about $203 per square foot, from Realty Financial Corporation. The shopping center delivered in 1986 to the North Pinellas submarket. The general retail buildings total 46,254 square feet. Mark […]

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Carroll Organization Sells Arium Laguna Lakes and Arium Palm Cove
www.costar.com

Cortland Partners, an Atlanta-based multifamily investment and management firm, purchased two communities: Arium Palm Cove and Arium at Laguna Lakes, for an undisclosed sum from a joint venture between Carroll Organization and Blue Mountain Capital Management LLC. Arium Laguna Lakes is a 550,000-square-foot multifamily building and was delivered in 2003 with 416 units. Arium Palm […]

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Belara Lakes Apts Sold for $22.4M
www.costar.com

Cagan Management sold the 324-unit Belara Lakes Apartments at 8402 N. Waterford Ave. in Tampa, FL to Federal Captial Partners for $22.43 million, or about $69,000 per unit. The 363,504-square-foot, garden-style multifamily community was built in 1974 on 13.5 acres in Hillsborough County. It features two swimming pools, fitness center, playground and a community lake. […]

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Lennar Buys 143 Acres in Miami Lakes
www.costar.com

Lennar Homes LLC has acquired 143 acres at I-75 and NW 154th St. in Miami Lakes, FL from a private owner for $74.4 million. Lennar plans to build 267 single-family homes and 238 townhouses on the site. Both parties handled the direct sale in-house. Please see CoStar COMPS #3486100 for more information on this transaction.

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JV Pays $33M for Providence Lakes Apts
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The Roseview Group and Winn Companies acquired the 260-unit Providence Lakes Apartments at 1702 Chapel Tree Cir. in Brandon, FL from Camden Property Trust for $33 million, or about $127,000 per unit. The 266,240-square-foot multifamily community delivered in 1996 in Hillsborough County. Jubeen Vaghefi, Jeff Morris, Dennis St. Romain, and Matt Wilcox of JLL represented […]

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Real estate attorney Albert Quentel, who helped create Miami Lakes, dies at 80
www.miamiherald.com

… spaced fire sprinklers to create a wall of water. The creative design met the requirements. Richard Rosenbaum, GreenbergTraurig's chief executive officer, said, “When I joined the law firm … in 1985, Al was already a legend in the Florida real …

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