The Real Deal Miami

CBRE Florida arranges Connecticut deal

August 17, 2011 01:57AM

CB Richard Ellis offices in Florida and Connecticut arranged the $20
million acquisition of an apartment community located in Stamford, Conn. called blvd.
The 94-unit property 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