The deal, which breaks down to over $161,500 a unit, speaks to a strong South Florida multifamily market.

Miramar Park Place retail complex will be built on a 7-acre lot next to the apartment communities.

Buyer Pebb Capital says it will start construction within a year.

Lower rates are more likely to prompt real estate refinancing of existing projects as opposed to new construction, experts say.

The City Commission said residents who oppose Centner Academy failed to make their case that the school fails to comply with city zoning code.

A 2-acre Worldcenter site and a five-building retail portfolio are up for sale.

Aimco bought the 32-story office tower three months ago but the transaction largely remained off radar.

Wayne Schuchts, an Avison principal, closed the deal on behalf of both seller and buyer.