June 23, 2004 Boston HeraldBids are expected after the July 4th weekend for the 10-story building that houses the famed Grill 23 in Boston's Back Bay. The building could fetch more than $20 million from condo and residential builders eyeing ...
The financing was used to take out the construction financing and preferred equity that was used to fund the redevelopment of the old General Petroleum building in downtown Los Angeles into a luxury 322-unit apartment building.
June 23, 2004 Morgan Properties Ltd. and GMAC Commercial Mortgage Corp. have completed the sale of a Center City Philadelphia apartment complex for $20 million.The Philadelphia office of CB Richard Ellis brokered the sale of the property, at 2031 Locust ...
June 22, 2004 Prudential Mortgage Capital Co. has named Paige Warren, a principal, to lead its Affordable Housing Group.Warren, who joined Prudential in 2003, will be responsible for overseeing and expanding the company's efforts in the affordable housing sector. She ...
June 22, 2004 Sacramento Business JournalA private investor in Pismo Beach, Calif., has paid $11.15 million for the Alder Grove Apartments, a 116-unit complex at 3939 Madison Ave. in North Highlands, Calif. The seller was a local investment partnership. The ...
June 22, 2004 KOR Group has sold the Villa Venetia Apartments within the Marina del Rey in Los Angeles County for $35 million.Lyon Villa Venetia LLC acquired the property with plans to redevelop it by building more apartment units and ...
The unit of CharterMac is on track to originate some $1 billion of mortgages under Fannie Mae's DUS program this year. Its aim is to become among the top two or three originators in the nation.
June 22, 2004 Berkshire Mortgage Finance has arranged an expansion of a Freddie Mac tax-exempt credit facility for Equity Residential Properties Trust to $179.2 million from $136.5 million.The transaction involved the refinancing of seven of Equity Residential's properties and the ...
June 22, 2004 Tarragon Realty Investors Inc. (Nasdaq:TARR) has promoted Robert P. Rothenberg to president.Rothenberg will continue as chief operating officer. He replaces William S. Friedman, who will continue as chairman and chief executive officer of the company.Tarragon, based in ...
June 22, 2004 B.H. Equities has paid $36.8 million, or $91,000/unit, for Arbour Walk of Naples, a 404-unit apartment complex in Naples, Fla.The property, which was completed in 1992, is at 2277 Arbour Walk Circle. Its units are in 33 ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..