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SAN FRANCISCO-The managing director of global forecasting and research for Global Real Analytics tells GlobeSt.com that with the for-sale housing market cooling and apartment fundamentals improving, fewer condo converters will be paying premiums for apartment complexes.
MIAMI-Sunshine Lakes LLC acquires the 208-unit Sunshine Lakes Apartments for $10.45 million. The 123-unit Green Tee Apartments in Fort Myers and the 93-unit Applegate Apartments in Sarasota also find new owners.
TAMPA, FL-Office condominiums represent 32% of the total 1.12 million sf of new product which will be surfacing with higher rents later this year and in 2007.