(To read more on the multifamily market, click here.)
CANTON, MI-The Dolben Co., based in Burlington, MA, has sold the744-unit Crossings at Canton to CORE Real Estate Services LLC for$32 million. Dolben had owned the property for 18 years, and thiswas its only asset in the Midwest.
The Birmingham, MI-based new owner plans to spend about $2million up front on a capital investment for the property, withupgrades to kitchens and bathrooms, as well as exteriorrenovations, says Eric Taylor with Hendrick's & Partners.Taylor and Mark Rohr were the brokers on the transaction.
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