June 16, 2004 New York PostSam Zell's Equity Residential Real Estate Investment Trust is finally breaking into the New York market with the acquisition of Hudson Crossing, a West Side apartment building recently developed and leased up by Dermot Cos. ...
June 16, 2004 Phoenix Property Co. and Lincoln Property Co. have purchased the Grand Marc Minneapolis, a 183-unit student housing building in Minneapolis, for $25.7 million.Herb Chase, managing director of Colliers Seeley International's West Los Angeles office, Curtis Palmer and ...
June 16, 2004Commercial Real Estate Direct Staff ReportLexington Corporate Properties Trust (NYSE:LXP) has formed a joint venture with the Utah State Retirement Investment Fund to acquire single-tenant office, industrial and retail properties throughout the United States.Lexington will invest $15 million ...
June 16, 2004 Chicago Tribune (Fourth item)A 357-unit Chicago apartment building at 21 Kristin Place in Schaumburg, Ill., is up for sale for $44 million. In March, the building was about 95 percent occupied but operating at a loss, according ...
June 15, 2004 The Miami HeraldThomas Ireland, one of the original developers of the 496-room Bonaventure Resort & Spa in Weston, Fla., has signed a contract to buy the property back from the Wyndham hotel chain. Ireland declined to disclose ...
June 15, 2004 Summit Properties Inc. (NYSE:SMT), a REIT based in Charlotte, N.C., plans to develop three luxury apartment communities in the Washington, D.C., metropolitan area representing about $122 million in total development costs. The 478-unit Summit Summerfield at Morgan ...
June 15, 2004 California Landmark Development, a subsidiary of the California Landmark Group, will build a 95-unit condominium complex in Marina Del Rey, Calif. The developer recently closed on a $24.3 million construction loan from Corus Bank to cover acquisition ...
June 14, 2004 St. Louis Business JournalGrand Center Inc. is hiring McCaffery Interests and its subcontractor Chicago Consulting Studios to work on a $250 million redevelopment program, which includes 168 units of housing, in St. Louis. The project calls for ...
June 14, 2004 Florida Times-Union (First item)Wood Partners of Winter Park, an Orlando, Fla., developer, wants to build a 258-unit apartment complex in Jacksonville at St. Johns Town Center, the 207-acre retail, hotel and residential development under construction at Butler ...
June 14, 2004 An affiliate of Bascom Group, an active player in the Southern California apartment market, has paid $49.1 million for the 750-unit Waterstone Place Apartments in the Seattle suburb of Federal Way. The purchase is part of a ...
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