NORTH NAPLES
Naples man accused of hit-and-run crash on Cypress Way E
A hit-and-run incident in North Naples led to the arrest of a driver after a crash involving a Chevy pickup and a Mazda.
Coastal Village apartments for FGCU students sells for $72.35M
Coastal Village, one of the only three apartment complexes devoted to Florida Gulf Coast University students, just sold for $72.35 million.
CAPREIT, a North Bethesda, Maryland-based full-service owner and operator of multifamily apartment communities, bought the 200-unit, 800-bedroom, three-story building from Columbus, Ohio-based Coastal Ridge.
“It was 100% leased at closing,” said Jamie May, president of JBM, which brokered the deal.
May has been brokering apartments for Coastal Ridge for 20 years. They have combined to do $350 million worth of sales, he said.
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