Aviva Coral Gables and Jeffrey Hines, president and CEO of Hines
Houston, Texas-based Hines just sold a recently completed apartment complex near Coral Gables for $100 million to the Berkshire Group.
Property records show Ponce & Bird Miami Development LLC sold the 276-unit Aviva Coral Gables at 3880 Bird Road to Delaware entities managed by Boston-based Berkshire, BIR Coral Gables I LLC and BIR Coral Gables II LLC.
Aviva, completed in 2015 and about 95 percent leased as of April, sold for about $362,000 per unit. No financing was recorded. (more…)Read More