Home Builder Developer - Interior Renovation and Design

Completed in 2014, Whitepalm is in the Daytona Beach area near two of the areas largest professional employers.

ORLANDOWhitepalm Apartment Homes, a 306-unit luxury multifamily community, just sold for $40,289,500. Birmingham, AL-based LIV Development sold the multifamily asset to Nashvilles Carter-Haston Holdings.

Whitepalm is located at 5400 South Williamson Boulevard in Port Orange, FL. Thats about 45 minutes outside of Orlando. CBRE Capital Markets Shelton Granade, Luke Wickham, and Justin Basquill represented the seller in the transaction. Together, they have closed about $1.7 billion in multifamily sales in Central Florida since 2013.

"Luxury properties like Whitepalm are leasing very well, Granade, executive vice president of CBRE Capital Markets, Multifamily, tells GlobeSt.com. Rents are up due to high tenant demand, and that's spurred increased investor interest."

Completed in 2014, Whitepalm is in the Daytona Beach area near two of the areas largest professional employers: Florida Hospital Memorial Medical Center and Halifax Medical Center. The gated multifamily community sports a clubhouse, a resort-style pool with cabanas, a beach fully equipped with hammocks and a fitness center.

Whitepalm is the fifth pre-stabilized apartment property we have sold recently in Central Florida, says Granade. Investor interest in newer assets is growing substantially, even before these communities are fully occupied. Volusia County is in the midst of an impressive economic expansion and the Port Orange area was under-served in terms of luxury apartments.

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Volusia County Winning MF Investor Interest

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MUSTANG, Oklahoma -

A father-son duo was arrested and accused of stealing from Mustang Public Schools (MPS).

Investigators said the district's long-time plumber and his son may have been stealing from MPS for years.

Investigators with the Canadian County Sheriff's Office said Melvin Hibbs, the district's plumber, admitted to everything. And they said he told them he doesn't feel bad at all about stealing school equipment.

Investigators believe the 55-year-old may have been stealing from MPS for more than a decade.

He took advantage of his employer and actually stole from them. He's stealing from the hand that's feeding them, said Canadian County Undersheriff, Chris West.

4/3/2015 Related Story: Father and Son Arrested In Connection To Mustang School Thefts

Three weeks ago the Canadian County Sheriff's Office was contacted by MPS.

It said someone came forward after getting property with Mustang schools clearly marked on it.

Pretty quick [sic], we realized that the thefts actually did originate from the Mustang High School area, said West.

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