ARLINGTON, TX--CBRE Capital Markets' Investment Properties has brokered the sale of Serena Vista Apartments, a 120-unit, value-add multifamily community in Arlington. Des Moines, IA-based BHE Acquisitions purchased the asset from Cascades 120 LLC for an undisclosed price.

NEW YORK CITY—A $20 million upgrade of the asset focused on making the property TAMI-friendly already appears to be paying off for the landlord.

ORLANDO—"Tampa and Fort Lauderdale have common attractive qualities to developers…"

BOSTON—Boston Properties has spent $667.4 million to retire the outstanding mortgage debt on the former John Hancock Tower here on Clarendon Street.