Hammer Ventures has paid $53.9 million for The Crossing, a 296-unit apartment complex in Corona, Calif. Hammer, which is based in San Diego, purchased the property from Archstone-Smith, an Englewood, Colo., REIT. Hammer is expected to convert the property into ...
RETKO Group, an investment company owned by the Ralph Korte family, purchased a 32-unit condominium tower in Highland, Ill., from Faith Country Side Homes, a non-profit, senior-care organization.
Las Vegas Review-Journal The Ivana Trump has stopped selling units for her proposed condominium tower, called The Summit, and has listed it for sale on a real estate Web site for $49 million. The Summit was planned for the northeast ...
Denver Post A private investment group operating as North Broadway Tower LLC has launched a web site to sell units for a proposed downtown Denver condominium project. However, the development group has neither identified or purchased property for the tower, ...
Rocky Mountain News Western Development Group is developing a 26-unit condominium tower in Denver. The six-story, 105,000-square-foot building is being constructed at the corner of Detroit Street and First Avenue. Unit prices will start at $800,000. Western is a Denver ...
A 68-unit apartment property in tony Malibu, Calif., has changed hands for $53 million, or a whopping $779,400/unit. That would make the property, Malibu Bella Mar, among the priciest to change hands in the country this year. Only five other ...
The Star-LedgerHartz Mountain Industries is chasing deals on the Hudson River waterfront to take advantage of the simmering residential real estate market on New Jersey's so-called Gold Coast. Hartz, mainly an industrial, commercial and hotel developer, is looking to team ...
An affiliate of The Sickels Group has lined up $76.9 million in financing for the acquisition and condominium conversion of Monarch at Scripps Ranch, a 262-unit apartment complex in San Diego.Corus Bank, a Chicago lender, provided the financing.Monarch at Scripps ...
Bradenton HeraldMCZ/Centrum has purchased 18 acres of land in Manatee County, Fla. for $47 million. The property, sold by Douglas Manatee Partners, was being developed into Douglas Grand Apartments when MCZ/Centrum took an interest. The company has renamed the apartments ...
Bascom Arizona Ventures paid $84 million, nearly $74,744/unit, for Scottsdale Green and Newport Landing, two Arizona apartment properties totaling 1124 units.The buyer is a joint venture among Bascom Group of Irvine, Calif., Multifamily Advisors of Scottsdale, Ariz., and GE Capital.The ...
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