Subject: Property Acquisitions (ACQ)

March 10, 2004 Quintessential Hotels Ltd. has bought the Crowne Plaza – The Midland Hotel in Manchester, England, for 36 million pounds ($65 million).The hotel bought the hotel and conference center from InterContinental Hotels Group PLC, which received 20 million ...

Bresler & Reiner has bought the Fort Washington Executive Office Center from CalSTRS. The deal, priced at a 10 percent cap rate, was financed with $49 million of financing from Deutsche Bank.

Correction (March 10, 2004): Midwest Real Estate Equities acquired the Randall Hill at the Villages, a 196-unit apartment complex in Crystal Lake, Ill. The story below misidentifies the buyer.March 9, 2004Inland Real Estate has paid $20 million, or about $102,040/unit, ...

March 9, 2004 Trammell Crow Residential Co. has sold the Alexan Quarry Apartments, a 150-unit luxury community in San Antonio, Texas. The property was sold to the Pauls Corp., which is based in Denver. Although a purchase price was not ...

March 9, 2004 Commercial Development Co. has paid $57.05 million for a portfolio of 23 industrial buildings and two office buildings in metropolitan Minneapolis.The St. Louis-based company, which specializes in buying and repositioning value-added industrial and retail properties, financed the ...

March 9, 2004 FelCor Lodging Trust Inc. (NYSE:FCH) has recovered $30 million from the sale of four hotels.The Irving, Texas, hotel company plans to use some of the proceeds to fund its $27 million purchase of the Holiday Inn-Santa Monica, ...

March 9, 2004 Harbor Group International has purchased the Park Laureate Apartments in Louisville, Ky., for $15.15 million, or about $55,700/unit.The Norfolk, Va., real estate advisory firm plans to spend an additional $700,000 to upgrade the 272-unit garden-style complex.George Tikijian ...

March 9, 2004 Sterling American Property Inc. has acquired a majority interest in a portfolio of 1,737 apartment units in Texas.The New York real estate investor paid $46 million for the stake as part of the portfolio's recapitalization.The nine properties ...

March 8, 2004 Jamestown has completed its $185 million purchase of a 70 percent stake in 111 Eighth Ave. in Manhattan's Chelsea neighborhood.The Atlanta company, which capitalizes its investments largely in Germany, acquired the interest from the New York State ...

Inland Western Retail Real Estate Trust has agreed to buy two shopping centers in New Mexico and Louisiana in deals totaling more than $50 million. The Oak Brook, Ill., real estate firm is looking to place financing on one of ...