City: Tucson

The hotel company is set to pay $121 million for the Dallas and Tucson, Ariz., hotels that MetLife recently put on the market. CNL is lining up a loan for $78.6 million on the two properties.

July 8, 2002 TUCSON, Ariz. – GMAC Commercial Mortgage Corp. has provided an $18.5 million mortgage to American Retirement Corp. for the Santa Catalina Villas.The debt refinances a mortgage that was maturing in August. It has a five-year term.Comments? E-mail ...

June 12, 2002 TUCSON, Ariz. – United Dominion Realty Trust Inc. (NYSE:UDR) has exited the Tucson market with the sale of two apartment communities for $12.3 million, their approximate book value.The two properties, which together total 408 units, sold for ...

May 10, 2002 TUCSON, Ariz. – Archon Financial has provided $9.6 million of fixed-rate financing for Club Carmel Apartments, a 200-unit apartment complex.The 10-year mortgage was used to repay a construction loan on the complex, which is 93 percent leased. ...

May 7, 2002 TUCSON, Ariz. – Bank of America has provided roughly $14.5 million in permanent, fixed-rate financing for the 225-unit Pinnacle Canyon garden apartments.The Hayman Co. used the proceeds of the 10-year mortgage, which carries an about 7 percent ...

April 11, 2002 TUCSON – An investment group led by Larry Feldman has closed on its $54 million acquisition of the Foothills Mall, a 482,351-square-foot entertainment and retail center.Feldman acquired Foothills Mall with his long-time Arizona partners, Scott Jensen and ...

January 3, 2002 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has raised $68.7 million of financing from Prudential Mortgage Capital, allowing it to reduce the balance on its secured credit facility and refinance maturing loans.The Pru financing is comprised ...