Tuesday, April 5, 2011
ORLANDO, FL--The CB Richard Ellis Central Florida Multi-Housing Group is pleased to announce two more Central Florida multi-housing sales – Marina Grande (top left photo) and Quiet Waters (lower right photo).
The transactions totaled more than $60,000,000, and are a further testament to the recovery of the multi-housing sector.
Built in 2007, Marina Grande features twin luxury high-rise residential towers on the Intracoastal Waterway in the Daytona Beach area. This 486-unit asset was built as condominiums, and the remaining 414 units were sold in bulk.
Quiet Waters, which is located in the Sanford suburb of Orlando, sold to another buyer in a separate transaction.
CBRE continues to generate strong interest in the Orlando market, and has sold more than $110,000,000 in local multi-housing assets thus far in 2011.
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