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Calif. apartment community sells for $45M; Fla. office asset trades for $24M

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Calif. apartment community sells for $45M; Fla. office asset trades for $24M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* Bell Partners Inc. paid $44.6 million for the 80-unit, more than 97%-occupied Maxwell apartment community in Oakland, Calif., for its Fund VI investors, and renamed it the Bell Uptown District, the Triad Business Journal reported.

* Mainstreet Capital Partners LLC and an affiliate of The Davis Cos. sold a five-story, 115,986-square-foot, 79.4%-leased office building at 900 Broken Sound Parkway, in The Park at Broken Sound in Boca Raton, Fla., for about $23.7 million to a partnership between local investors and a national investment fund.

* Federal Capital Partners acquired the 264-unit Royal Isles apartment community in Orlando, Fla., for $23.6 million from an unnamed seller.

* Bessemer Trust is in talks to lease over 200,000 square feet of Rockefeller Group Development Corp.'s 2.1 million-square-foot tower at 1271 Sixth Ave. in New York, The Real Deal reported, citing sources, adding that the asking rents in the tower range from $90 to $125 per square foot.

Additional coverage

Related Beal buys south Boston office asset for $276M

The Related Cos. looking to reap $275M from sale of Fla. beachfront condo-hotel

Alexandria Real Estate buys Seattle office building from Blackstone for $95M

Report: Group RMC to buy Illinois office complex from Blackstone for $84M

Lantower Residential buys Durham, N.C., apartments for $76M