Multifamily golf-course community sells in Indiana

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CB Richard Ellis arranged the sale of Mohawk Hills Apartments, a 564-unit golf-course community in Carmel, Ind. The value of the transaction totaled more than $30 million. The property is located in a high-end suburb of Indianapolis. Chicago-based Executive Capital Corp., which had owned the property since 1980, sold the property to Buckingham Cos., a local owner, developer and management company. Los Angeles-based CB Richard Ellis is a commercial real estate services company. *** What's your opinion? Send your Letter to the Editor to