Multifamily

GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.

BOSTON-Liberty Place, a 419-unit apartment building proposed for 660 Washington St., receives an endorsement from the Chinatown Neighborhood Council. The group recommends that the city approve the project.

WASHINGTON, DC-Residents of the inner-city area east of the Anacostia River get their first new apartment development in 35 years with the grand opening of the 176-unit Woodmont Crossing apartment complex. The $17.6 million complex occupies an eight-acre plot of land.

MIAMI-Chicago-based Huron Ft. Myers LLC received an average $59,753 per unit for the 90%-plus-occupied properties in Ft. Myers and Naples, FL. Holliday Fenoglio Fowler brokered the transaction.

STAMFORD, CT-AvalonBay Communities has acquired Avalon at Greyrock, a 306-unit high-rise in downtown Stamford for $69.9 million. The move greatly increases its presence in the lower Fairfield County marketplace.

HOUSTON-A partnership of real estate companies from three states buys 3600 Woodchase, jumpstarting a renovation for repositioning. The seller, part of the Richman Group of Greenwich, CT was asking $7.7 million.

PHOENIX-The 483-unit Sunplace Apartments brings in $9.9 million for its Las Vegas seller, who is reinvesting proceeds from multifamily sales into its hotel properties. Bigelow's Desert Star is on the market for $11.9 million.

CHICAGO-No homeowners would be displaced, nor additional parcels acquired under a tax increment financing proposal for an area between the 4100 blocks of Drexel Boulevard and Cottage Grove Avenue.