National apartment developer AvalonBay Communities has sold a downtown Boston apartment tower as the company looks to rebalance its portfolio away from urban markets along the coasts toward suburbs in the Sun Belt.
AvalonBay sells Boston apartment tower as it shifts to Sun Belt
Carmel Partners pays $212 million in city’s largest deal in 12 months
By Jon Leckie
CoStar News
September 26, 2024 | 5:18 P.M.
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IN THIS ARTICLE
- Properties
- LUKA on the Commons
45 Stuart St, Boston, MA
- Companies
- AvalonBay Communities, Inc.
Real Estate
- Carmel Partners
Real Estate
- Walker & Dunlop LLC
Finance and Insurance