property type: Multifamily

April 7, 2004 Houston Business JournalGables Residential, based in Boca Raton, Fla., has sold its 20 percent ownership interest in Gables White Oak, a 186-unit apartment community in Houston at 2424 East T.C. Jester Blvd. Financial terms of the deal ...

April 7, 2004 Austin Business JournalAustin, Texas, developer Larry Peel and a group of investors have purchased the old Comal Power Plant on the southern edge of Landa Park in New Braunfels and plan to pump $24 million into it ...

April 7, 2004 Post Properties Inc. (NYSE:PPS) has closed on the sale of the 398-unit Post Town Lake in Dallas for $22 million.Post Town Lake was built in 1986. Units average 880 square feet.The property is one of the nine ...

April 6, 2004 Phoenix Business JournalSunCor Development Co. is planning Edgewater, a condominium development that comprises phase two of Hayden Ferry Lakeside in Tempe, Ariz. SunCor plans to add four buildings – with condominiums priced up to $1.7 million – ...

April 6, 2004 The Virginian-PilotAn affiliate of Continental Properties Corp. has acquired the Ridgewood Club apartment community in the Pembroke area of Virginia Beach, Va., from Harbor Group International. Continental Ridgewood Associates LLC paid $12.15 million, or $63,281/unit, for the ...

April 5, 2004 PW Funding Inc. has provided $19.1 million of mortgage debt for Pelican Cove, a 402-unit apartment complex near St. Louis.PW, a unit of CharterMac (Amex:CHC) funded the debt through an $18 million tax-free issue of bonds and ...

April 5, 2004 Washington Business JournalStellar Management has paid nearly $90 million for Georgian Towers, an 890-unit complex in Silver Spring, Md. The New York firm bought the Class-B apartment complex at 8750 Georgia Ave. on March 17 from a ...

April 5, 2004 CDC Mortgage Capital Inc. has provided $15 million of financing for Arbor View Apartments, a 450-unit complex in Temple Hills, Md., just south of Washington, D.C.The five-year mortgage carries a floating rate and was arranged by Marcus ...

April 5, 2004 United Dominion Realty Trust Inc. (NYSE:UDR) acquired four apartment communities for $106 million and sold another for $12.8 million, all during the first quarter of 2004.The Richmond, Va., REIT paid $39 million for the Lincoln at Towne ...

April 5, 2004 Orlando Business Journal (First Item)Affirmative Equities has purchased Howell Branch Station, a 366-unit apartment complex in Maitland, Fla., for $15.95 million. Robert W. Miller, senior vice president of CB Richard Ellis Orlando, represented the seller, Fletcher Bright ...