Triad Business Journal Magnolia Capital has paid $124.25 million, or about $325,262/unit, for the Preston View Apartments, a 382-unit property in Morrisville, N.C., about 12 miles west of Raleigh, N.C. The Chicago company bought the three-story complex from a venture of The Dermot Co. and BentallGreenOak, both of New York, which had purchased it in early […]

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