February 16, 2005 Carl Marks Real Estate Group sold Cliffside, a 279-unit apartment complex in Gig Harbor, Wash., to an unnamed buyer for $26 million, or nearly $93,000/unit. CMRE and Paul Challancin built Cliffside between 1995 and 1996 after purchasing ...
February 15, 2005 The Boston GlobeLennar Corp., a Miami home-builder, has agreed to buy 15 Massachusetts and New Jersey properties from Roseland Property Co. of Short Hills, N.J., for condominium developments. In at least one location, Lennar will participate in ...
February 15, 2005 The Business Journal of Kansas CityPlaza West Development LLC will start construction on The Villas on Plaza West, a seven-unit town house development at Roanoke Parkway and Jarboe Street in Kansas City, Mo. Construction will begin in ...
February 15, 2005 St. Louis Business JournalThe University of Missouri-St. Louis will begin construction on a $26 million residence on hall on its south campus. University officials said the five-story, 431-bed dormitory will have two and four bedroom suits with ...
The multifamily sector had a banner year in investment sales, beating out the other core property types in deal volume and overall price appreciation. Condo converters helped pump up the industry, but how long can it last?
February 15, 2005Archstone-Smith has acquired Oak Creek Apartments, a 336-unit luxury multifamily community in Agoura Hills, Calif., for $99.6 million. Oak Creek was constructed in October 2004 by the seller, JH Snyder Co.Located 15 miles from the beaches of Malibu, ...
February 14, 2005 SCI Real Estate Investments has purchased the Bellagio at Bent Tree, a 500-unit luxury apartment community in North Dallas from Amli Residential for $41 million. SCI represented 23 tenant-in-common investors. The purchase price results in a capitalization ...
February 14, 2005 Corus Bank, a subsidiary of Corus Bankshares Inc., has provided a $59.7 million loan to a San Diego condominium converter.The converter, 5252 Balboa Arms LLC, is an affiliate of Maisel Presley Inc. It plans to use the ...
February 11, 2005 Dallas Morning NewsThe popular Addison Circle apartment complex in suburban Dallas will soon see the addition of 180 three-story townhouses and 140 condo units. Addison Circle has 1,300 rental units. The townhouses will be developed by a ...
February 11, 2005 Miami TodayMiami-Dade County officials will solicit bids for construction of hundreds of mixed-income housing units and retail shops connecting South Dade Government Center to a cultural center, a project that could expand to include an artists' village ...
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