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MIAMI-BH Equities Inc. pays Archon Management Services $56,818 per unit. The buyer is assuming a $17 million mortgage on the 440-unit Verandah Apartment Homes complex in Miami-Dade's Country Club section.
ATLANTA-The new faces are Chandler S. Spratlin, a former marketing vice president in Taylor & Mathis' office division; and Robert M. Tardy, previously director of leasing for Advantis Commercial Real Estate Services.
LOS ANGELES-Leaders in the multifamily housing industry used the forum of this week's Apartment Outlook 2000 to document the crisis in this state's affordable-housing sector.
HOUSTON-Beltz Realty Investors is developing plans for an 80-unit condominium project near the city's downtown. The project, which will be situated on a 1.5-acre site, follows a trend for high-rise residential towers attractive to young professional and empty-nesters.