Downtown St. Pete apartment complex Beacon 430 sells for $84.5M


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In yet another sign of Tampa Bay’s apartment boom, the 326-unit Beacon 430 complex in downtown St. Petersburg has sold for the high-end price of $84.5 million. An Alabama-based company, B&M Management, bought the apartments at 430 Third Ave. S from the NRP Group of Cleveland. “There was interest in the investor community for that asset, and we felt it…

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