Multifamily

NORTH EAST, MD. — A joint venture between The Dolben Company and Klein Enterprises has started construction on the $30 million, 332-unit Charlestown Crossing, a garden-style apartment complex located in North East. Amenities will include a 5,400-square-foot clubhouse, billiards room, fitness center, media room and a swimming pool with a patio and grilling area. The first units are scheduled to open in April 2013, with full completion slated for February 2014.

DURHAM, N.C. — The Connor Group has sold the 186-unit Parc at University Tower, an apartment community located at 20 Morcroft Lane in Durham, for $22 million. The Ohio-based real estate investment firm purchased the property 25 months ago for $17.55 million. Dean Smith, Blake Okland, Sean Wood and John Heimburger with ARA represented the seller, DPR Parc at University Tower LLC, in the transaction.

GERMANTOWN, MD. — CBRE Group has arranged the $90.25 million sale of the 768-unit Hamptons at Town Center, a multifamily property located at 19757 Crystal Rock Drive in Germantown. Amenities include a fitness center, clubhouse, business center, pool, sports courts and laundry facilities. Bill Roohan, Michael Muldowney, Michael Rudolph, Brian Margerum, Andrew Boyer and Martha Hastings of CBRE Group represented Harbor Group International, the seller, in the transaction. The buyer was Montgomery County. Harbor Group will continue to manage the property.

JACKSONVILLE, FLA. — Palatine Capital Partners has purchased the 180-unit Villas at Dames Point Crossing, a multifamily community located at 8291 Dames Point Crossing in Jacksonville, from Dames Point LLC for $14.02 million.John Stone, Robert Selton and Douglas Blair of Colliers International represented the seller in the transaction. Brad Coe of Horizon Realty Management represented the buyer.