Multifamily

LOS ANGELES-Starpoint Properties acquires the apartments in three Mid-Wilshire buildings for an average of $27,178 per unit and plans renovations in a value-added play.

MIAMI-Locally based Alliance Construction LLC is constructing the 10-garden style, 204-unit community at 11900 NE 16th Ave., North Miami, FL. The hard construction cost is $10.3 million or $50,490 per unit.

MARINA DEL REY, CA-For the highest price ever paid for an apartment community in Los Angeles County, SSR Realty Advisors and one of its clients pick up a 583-unit complex in Marina Del Rey. Apartments here average 854 square feet with an average rent of $1,671 per month.

NEWARK-The developer, which is under contract to buy a choice 5.7-acre tract on the Passaic River, is apparently looking to put up a project dominated by market-priced residential units, and possibly a hotel.

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.