Five-story office building trades for $15M

The five-story Northpoint Corporate Center in West Palm Beach has sold for $15 million. The Realty Associates Fund VIII, an affiliate of Boston-based TA Associates, sold the 98,903-square-foot office building at 701 and 491 Northpoint Parkway to Smithfield, Rhode Island-based Douglas Pike Associates. The deal was brokered by Marcus & Millichap’s Douglas K. Mandel and…

Canadian firm sells lakeside apartments for $54M

The Parrot’s Landing apartment complex in North Lauderdale traded for $53.75 million, a discount to its last sale. Dedicated Parrots Landing, an affiliate of Toronto, Canada-based Brass Enterprises, sold the 408-unit apartment complex at 7900 Hampton Blvd., to Parrot’s Landing LLC, managed by Indra Singh in Lauderdale Lakes. Arbor Realty provided a $48.6 million mortgage…