Downtown apartment complex sells for $105M

Downtown apartment complex Broadstone Stockyards has sold for $105 million, mere months after work on the project was completed and with the Arizona-based seller continuing its robust activity of locally developing and then selling.

The new owner of the North Capitol property, with a main address of 222 Stockyard St., seemingly is affiliated with New York-based international private equity alternative investment management firm The Blackstone Group Inc.