Crescent Heights Completes $159M Regents Park Sale

Law360, New York (November 16, 2011, 12:09 PM EST) -- HFF Inc. guided the Crescent Heights group to a successful close in its $159 million sale of Chicago's 1,031-apartment, two-tower Regents Park high-rise to RP Holdings LLC, the real estate services company said Wednesday.

Located at 5020-5050 South Lake Shore Drive along the western shore of Lake Michigan in Chicago's tony Hyde Park neighborhood, Regents Park sits near President Barack Obama's residence and the University of Chicago. The property has studio, one-, two-, three- and four-bedroom units averaging 979 square feet each. 

Pittsburgh-based HFF said it...
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