ORLANDO-The Orlando Sentinel reported that Michigan-based Alidade Star Tower LLC has acquired 48 units in Star Tower, a 100-unit condominium property in downtown Orlando. Last week, the company paid $11.8 million to purchase the condo units in the 18-story tower.
The Sentinel reported that the deal also comprised a 2,930-square-foot retail space on the ground floor. Jay Ballard from Cushman & Wakefield' Orlando office is overseeing the property and he said that Sentinel Alidade Star Tower LLC is planning to stabilize the property. For the full story, go to Orlando Business Journal .
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