JLL’s office in Morristown, New Jersey, advised AvalonBay Communities on the sale this week of the apartment giant’s AVA Stamford tower in the Fairfield County city of the same name, NJBIZ first reported. The deal for the 18-story, 306-unit luxury apartment building, which is 95 percent occupied, represents the second investment on the East Coast in 90 days by the acquirer, Palo Alto, California-based Pacific Urban Residential (PUR). The latter has been an active investor in multifamily markets on the West Coast. RE-NJ reported that a capital markets team from JLL led by Jose Cruz, who recently joined the brokerage as part of its $2 billion merger with HFF, handled the sale for an undisclosed sum of AVA Stamford, which was built in 2001. Located at 50 Forest Street, the complex is within walking distance of Amtrak and Metro North train stations, as well as restaurants and shops in downtown Stamford. [NJBIZ]