(Read more on the multifamilymarket.)
GULFPORT, MS-Six years after building the 200-unit CambridgeApartments, the Purvis-based developer has decided it was time tosell the class A asset. The complex ended up trading hands to aSalt Lake City buyer for $16 million in an off-markettransaction.
Jessica Murks, commercial sales broker with Coldwell BankerAlfonso Inc. in Gulfport, says the developer was ready to sellbecause of an increasingly active market thanks to the post-Katrinarecovery. Murks says she approached RealSource Holdings LLC, whichalready had a presence in the area, about buying the complex at10900 E. Taylor Rd.
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