Miami

The company acquired the 300-unit Class A community through a wholly-owned subsidiary and financed the acquisition utilizing a non-recourse first-mortgage loan from The Prudential Insurance Co. of America. T

Triple Five acquired the 105-acre campus earlier this year in a bank-ruptcy auction for $14 million. Triple Five is planning to redevelop the Shirley, Long Island campus into an aviation education and re-search center.

The company says it on the lookout for additional acquisitions in the market to bring its portfolio in the Nashville region into the thousands of units.

Officials with the firm say the company is currently poised to enter the Las Vegas market and is considering three locations along the 215 Beltway and/or in the southwestern Las Vegas valley to develop luxury rental apartment communities.

The 266,303-square-foot portfolio was purchased on behalf of Sterling Organization's institutional fund, Sterling Value Add Partners III, LP for an undisclosed amount.

The nature of work is changing, and that's not just a tech thing. One expert on the subject believes that those managers who don't recognize the changes taking place around them are traveling a road to irrelevance.

The Mayo Clinic is partnering with Singapore-based Pontiac Land on the $190-million project that will also include hotel space.

The multi-family property consists of 24 two-story buildings with 20 one-bedroom, 152 two-bedroom and 20 three-bedroom units.