Colliers International

Miami — Colliers International has arranged the sale of a 24,451-square-foot development site near the Florida International University campus in Miami for $5.2 million. Virgilio Fernandez, Gerard Yetming, Mitash Kripalani and Julian Zuniga of Colliers represented the seller, Kendra Parker, in the disposition of the property to New York-based real estate investment firm Adam America Real Estate. The buyer purchased an adjacent site in August 2019 for $20 million. A student housing community is planned for the combined property. 

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Orem, Utah — Colliers International has arranged the sale of Promenade Place, a student housing property located at 875 S. Geneva Road in Orem. Woodbury Corp. sold the asset to a private out-of-state investor. Constructed in 2017, Promenade Place is a transit-oriented, 429-bed student housing property located adjacent to Utah Valley University. While terms of the transaction were not available, Colliers says the sale is one of the largest student housing transactions ever in Utah, with the highest sales price per bed. SHB was unable to confirm these statements since neither …

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