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ST. PETERSBURG, FL-A local investor has bought the SavannahApartments located in St. Petersburg for $450,000 from a financialinstitution based in Miami. The sale was announced by Marcus &Millichap Real Estate Investment Services.

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The 19-unit apartment complex, which was constructed in 1966,was foreclosed at the beginning of this year. Casey Babb, CCIM fromMarcus & Millichap's Tampa office, handled the deal on behalfof both the seller and the buyer. For the full story, go toFlorida Real EstateJournal.


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