Today's Top Story
April 15, 2013
HENDRICKS-BERKADIA BROKERS $61.8M SALE OF THREE MULTIFAMILY PROPERTIES

Lexsignia LLC has acquired the 264-unit Braden Lakes Apartments in Bradenton.

BRADENTON AND ORLANDO, FLA. — Hendricks-Berkadia Real Estate Advisors has arranged the sale of three apartment communities, which total 1,130 units in Bradenton and Orlando, for a total of approximately $61.8 million.

Situs LLC sold the 264-unit Braden Lakes Apartments on 50th Avenue West in Bradenton for $14.3 million. Lexsignia LLC acquired the property, which includes 16 two-story, garden-style buildings and a clubhouse.
 
Situs LLC also sold The Cornerstone Apartments, situated on 27 acres along South Conway Road in Orlando, for $23 million. Robbins Property Associates LLC acquired the 430-unit complex.
 
Additionally, Hendricks-Berkadia brokered the $24.5 million sale of Park Baldwin Palms, located at 2250 N. Semoran Blvd. in Orlando. Everglades Partners LLC sold the 436-unit multifamily property to Convenant Capital Group LLC. The community includes 38 two-story, garden-style buildings situated on 21.8 acres.
 
Cole Whitaker, Hal Warren and Jason Stanton of Hendricks-Berkadia represented the sellers in each transaction. Hendricks-Berkadia, headquartered in Phoenix, is a real estate multifamily services firm with 68 offices across the country.
 
— Brittany Biddy
   

 

 

 
Next Story
CIT TO ACQUIRE ONEWEST BANK FOR $3.4 BILLION IN CASH AND STOCK
NEW YORK — CIT Group Inc. (NYSE: CIT), a provider of commercial lending and leasing services, will merge with IMB Holdco LLC, the parent company of OneWest Bank N.A., for $3.4 billion in cash and stock. The merger will increase CIT’s total assets to $67 billion...
-Full Story-

Recent Articles: 1 2 | 3 | 4 | 5
   
 
 
 
July 15, 2014
Honolulu, HI: Retail
July 23, 2014
CIT TO ACQUIRE ONEWEST BANK FOR $3.4 BILLION IN CASH AND STOCK
July 22, 2014
ENCORE PURCHASES EIGHT FIVE GUYS RESTAURANTS IN CALIFORNIA
July 21, 2014
$160M RIVERFRONT APARTMENT DEVELOPMENT BREAKS GROUND IN CHICAGO
July 18, 2014
PEBBLEBROOK HOTEL TRUST BUYS THE NINES HOTEL IN PORTLAND, ORE., FOR $127M
July 17, 2014
U.S. EQUITIES REALTY, CBRE GROUP COMBINE CHICAGO OPERATIONS
July 16, 2014
KIMCO REALTY PURCHASES 10-PROPERTY SHOPPING CENTER PORTFOLIO FOR $276M
 
     
         


© COPYRIGHT 2009 FRANCE PUBLICATIONS, INC.