October 20, 2003 Commercial Real Estate Direct Staff ReportKennedy Wilson Inc. (Nasdaq:KWIC) has purchased the 328-unit Park Place Racquet Club, an apartment community in Lompoc, Calif., for $29 million and sold the 264-unit Mariposa Apartments, in Vista, for $26 million.The ...
October 20, 2003 The Business Journal Minneapolis/St. PaulContractor Property Developers Co. is proposing a $150 million housing development in Rosemount, Minn., with 644 units that will be a mixture of single-family homes, town houses, apartments and senior condos.
October 17, 2003 Related Capital Co. has provided $7.7 million of equity toward the $28 million purchase and proposed rehabilitation of San Martin Twin Tower, a 360-unit affordable apartment complex in San Juan, Puerto Rico.Related, a New York investor and ...
October 17, 2003 A local condo converter has paid $10.4 million, or about $108,333/unit, for the Village at Harbor Beach in Fort Lauderdale, Fla. The 96-unit apartment community at 2426 SE 17th Street was sold by a private individual and ...
October 17, 2003 Triad Business JournalA joint venture between Greensboro, N.C.-based Steven D. Bell & Co. and Nashville, Tenn.-based Covenant Capital Group has purchased Brittany Point, a 431-unit apartment community in Huntsville, Ala. The complex is valued at more than ...
October 16, 2003 Charter Municipal Mortgage Acceptance Co. (Amex:CHC) and its Related Capital Co. affiliate have provided $17.9 million of financing for the construction of a 264-unit apartment complex in the Dallas area.CharterMac provided $10.9 million of tax-free and $2.3 ...
October 16, 2003 Jacksonville Business JournalContraVest Inc. has sold Courtney Meadows Apartments in Jacksonville, Fla., off 9A near Baymeadows Road for $24.4 million. Courtney Meadows Apartments LLP in Fort Lauderdale bought the three-year-old, 276-unit complex.
October 16, 2003Investcorp has sold Horizons at Peccole Ranch Apartments in Las Vegas to an affiliate of Fowler Flanagan Partners LLC for $27.3 million, or about $66,912/unit.The Las Vegas office of Colliers International Inc. arranged the sale of the 408-unit ...
October 16, 2003 Star-Telegram (Sixth Item)AMLI Residential Properties Trust has sold AMLI at Fossil Creek in Fort Worth, Texas. The 384-unit community, built in 1998, was sold to SW Fossil Creek Apt LP, an affiliate of Dallas-based Rockwood Capital, a ...
October 16, 2003 San Antonio Business JournalEquity Residential Partners, a Chicago-based REIT, has sold a portfolio of three multifamily projects in San Antonio, Texas, to Olympic Investors LLC, an investment group out of Seattle, for an undisclosed price. The 800-unit ...
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