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The Oak Ridge Apartments, a 137-unit, garden-style, multifamily asset in Largo, which includes apartments and townhomes, sold for $15.9 million, or $116,350 per unit.

The California Association of Realtors issued a statement from president Jared Martin, saying it is disappointed by the passage of the bill, which moves California toward statewide rent control.

The property was sold by Addison, TX-based Senior Quality Lifestyles Corp. The deal calculated out to $228,464-per-unit.

A hub of international business activity, Chicago is home to more than 1,800 foreign-based companies, accounting for more than $140 billion in foreign direct investment.

The financing was provided to PMG and Greybrook Realty by Centennial Bank and Square Mile Capital. Construction began on the 400 Biscayne development in June.

Newmark Knight Frank's Jud Ryan and James Cassidy facilitated the sale.

Assembly members voted 46-22 to limit annual rent increases at 5% plus inflation until 2030 but would not apply to housing built in the last 15 years, single-family homes not owned by corporations/trusts and duplexes where the owner lives in one unit.

Over a 25-year career, Weeks has worked across all of the real estate food groups, holding senior leadership roles with prominent development and construction firms nationwide.