The developer was charged in federal court with defrauding investors in luxury real estate projects in Manhattan, the Hamptons and Westchester.

The closing on the property marks the second Jacksonville acquisition for the Fogelman-Thackeray partnership in the past 120 days and grows Fogelman's Jacksonville portfolio to more than 1,900 units.

Toronto-based Avison Young will combine GVA with Avison Young's existing U.K. operations. The transaction is expected to close during the first quarter of 2019. London-based GVA has 1,500 employees in 15 offices in the U.K., Ireland and Poland.