Zell's deal was engineered by the Miami office of the CB Richard Ellis Florida Multihousing Group which closed on a total five communities comprising 1,319 units valued at $106 million at about the same time it was completing the Zell deal.

The $106 million in transactions solidifies the CBRE group as the South Florida multifamily sales leader, according to GlobeSt.com research. The CBRE team of Jay H. Massirman, Denny St. Romain and Charles Crapse has participated in $1 billion of sales totaling 10,000 apartment units and high-density residential sites over the last three years.

Zell's acquisitions are the 284-unit St. Andrews at Winston Park, 5510 Lyons Road and the 278-unit Enclave at Winston Park, 5501 N. Winston Park Boulevard. Coconut Creek is between Pompano Beach and Boca Raton, north of Fort Lauderdale and 25 miles north of Downtown Miami.