Multifamily

LONDON-Occupier demand for commercial property is undoubtedly softer. <I>UK Quarterly Market Beat</I>, Healey &amp; Baker's latest review of the UK market, holds mixed news for those looking to property as a bellwether of the wider economy

TAMPA, FL-Steve Green of Green Realty Management, White Plains, NY, paid Howard Shiffman of Davna Investments, Largo, FL, $5.6 million in an all-cash deal for the 92%-occupied, 188-unit Ashley Square Apartments, 5505 N. Hines St., Tampa.

CHICAGO-Developers of a proposed 24-unit building at Madison Street and Homan Avenue line up $1.6 million in no-interest, 32-year mortgage financing in addition to historic rehab and low-interest housing tax credits.

WHITE PLAINS-The Seltzer Group of New York City has paid $3.8 million for a small parcel of land in downtown White Plains and plans to build a $30-million rental housing development there.

NEW YORK CITY-With its first building here nearly complete, the developer works with a local development organization on the final design for the second phase of Avalon Riverview. At question is whether the completed complex should comprise two or three structures.

MIAMI-The Coral Gables, FL-based commercial and residential developer has named Tom Gillette regional manager to handle day-to-day operations and manage the company's 1,100-acre Bartram Springs residential project at Phillips Highway (U.S. 1) and Racetrack Road in Duval County.