Luxury apartments purchased in Atlanta's Midtown

GID Investment Advisers LLC acquired the 188-unit Sterling at the Park luxury apartment community in Atlanta, Ga., for an undisclosed price.

The community, which will be renamed Windsor at Midtown, is located in the city's Midtown section. The five-story property was constructed in 2001 and sits atop a two-level parking structure that includes 390 parking spaces, all of which are within secured access areas. Amenities of this community include a fitness center, business center with Internet access, and a swimming pool with a sundeck area.  more...

Boise building sells for 'below replacement cost'

A joint venture between The Wolff Co. and Leavitt Capital Cos. has acquired a mid-rise office property in Boise, Idaho, for more than $14.7 million.

The four-story property, One Front Street, comprises 70,722 square feet of multitenant space. It was built in 2001.  more...

Desert Wind deal tops $13M

The Desert Wind Apartments, a two-property complex in Phoenix, Ariz., recently sold for $13.7 million.

Desert Wind Apartments consists of two separate properties -- one with 80 units and one with 136 units -- located directly across the street from each other at 4140 and 4141 West McDowell Road. Constructed in 1987, the complex encompasses 136,976 rentable square feet spread across 6.9 acres.

Private investor Richard Nathan sold the asset to Florin Ianc at a price that represents $63,426 per unit and $100 per square foot.