Griffis drops $87M for downtown West Palm apartment tower

Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million.  The deal marks a slight uptick in South Florida multifamily sales after a drought of deals due to elevated interest rates and other economic headwinds.  Greenwood Village, Colorado-based Griffis Residential bought the 15-story tower at 345 Banyan Boulevard from Raleigh, […]This article originally appeared on The Real Deal. Click here to read the full story.