Multifamily

LAKEWOOD, CO-The property includes 200 units in nine buildings, plus a clubhouse, on 9.2 acres. It was bought by a partnership formed by a California-based multifamily developer and the Lakewood Housing Authority.

MIAMI-The 27-story, 142-unit upscale condominium tower, being developed here by SunVest/Hamilton, is set to be completed in late 2005. Units are priced from $275,000 to more than $1 million.

MIAMI-The as-yet-unnamed project will consist of 81 condominium units in five currently vacant buildings. The project, which is the third for Prodigy International Development Sales, has a sellout value of about $40 million.

DALLAS-Provident Realty Advisors and Sphinx Development will bring out 280 units on 21 of 52.6 acres bought in early November. Rose Court at Thorntree gets its go-ahead after 264 nearby acres grab headlines as the next campus for the University of North Texas.

MAMMOTH LAKES, CA-Fifty-two one-, two-, and three-bedroom resort condominiums here--the final release of homes in Grand Sierra Lodge, the third phase of The Village at Mammoth--are sold this week at prices ranging from $380,000 to more than $1.3 million.

DENVER-As predicted by the company, third quarter results fell from the same period a year earlier. The largest apartment REIT contributes the loss to the apartment recession.

Twelve investors brought bids to the table, but a Chicago investment firm's ability to close the deal wins it title to the Alexan at Frank Lloyd Wright. The 200-unit townhouse property sells for $23 million in cash.

KIRKLAND, WA-A separate account client of Morristown, NJ-based SSR Realty's Multi-Housing business unit acquires the 161-unit property from an affiliate of SECO Development Inc. The sale price was $31 million.