Multifamily

CUPERTINO, CA-The three Silicon Valley assets--484 units in three circa-1970 properties--sell for $104.5 million, local sources tell GlobeSt.com.

MIAMI-Preferred Hotels & Resorts will operate and Distinctive Lifestyle will manage the Blue at Doral 240-unit hotel condo project under construction along fairways of Doral Blue Monster.

NEW YORK CITY-The newly renovated five-story building at 312 Bowery is now part of Steven Croman's portfolio.

CHICAGO-Kellie DeVilbiss, new president of Jupiter Communities, plans to increase the company's third party management business and brand Jupiter's service.

NEW YORK CITY-Five out of the 24 metropolitan areas analyzed shows gains from the same period last year. Fourteen show declines.

DALLAS-Eight investors team to buy the 194-unit Woodside Apartments and 118-unit Bridle Path from separate sellers. One deal's done; the other one closes this week.

TUCSON-Water Tower Development claims the class B Arcadia Gardens Apartments from DRA Advisors after another investor's contract fails to cross the finish line.

HOUSTON-Phillips Development cranks up work on the last phase of the $211-million condo project near Texas Medical Center. The next wave of condos will deliver in fall 2008.