South Florida apartments sold

A 390-unit multifamily community in Jupiter, Fla., recently sold to a confidential buyer for an undisclosed amount free and clear of debt.

The property, Vintage at Abacoa, is located on 22 acres at 863 University Blvd. close to the new Scripps Research Institute headquarters that is currently under construction. Completed in 2003, the 95 percent occupied property has 19 buildings with one-, two- and three-bedroom units averaging 1,158 square feet each.  more...

Cedar buys New England retail center

Cedar Shopping Centers Inc., a real estate investment trust, recently paid more than $17.6 million for a large retail plaza in Webster, Mass.

The property, Price Chopper Plaza, totals 102,000 square feet and is conveniently located close to the town center at the intersection of I-395 and Route 12.

The seller's identity was not disclosed.

At the time of sale, tenants at the property included Price Chopper Supermarket, Fashion Bug, Papa Ginos, D'Angelo's, and a freestanding CVS and Burger King.

S.F. Bay Area townhome deal tops $8M

Hillsdale House, a 48-unit multifamily townhouse community in San Jose, Calif., recently sold for a price of nearly $8.6 million.

A local owner of affordable housing purchased the property from a local family trust at a cost that represents $178,125 per unit or $148 per square foot.

Located at 1626-1656 Hillsdale Ave., the 57,600-square foot Hillsdale House consists of 16 two-story buildings situated on a 1.8-acre lot. The apartment community features two-bedroom/1.5-bath townhouse-style units.