Stamford apartment complex goes for $20M

CB Richard Ellis offices in Florida and Connecticut arranged the $20 million acquisition of an apartment community located in Stamford, Conn., called bvld. The 94-unit property at 1201 Washington Blvd. was financed by People’s United Bank for the Wolff Company, an Arizona-based firm. “The loft-style design and dramatic size of the units provide the resident with a true condo feel,” said Charles Foschini, vice chairman at CBRE. The property, which was built in 2011, includes an espresso bar and a 4,000-square-foot terrace. Foschini is based in Miami at CBRE’s Debt & Equity Finance and Institutional Group. — Alexander Britell