June 26, 2003 Tarragon Realty Investors Inc. has purchased Tuscany on the Intracoastal, a recently completed 286-unit luxury apartment community in Boynton Beach, Fla., from Altman Development Co. for $45.5 million.Wachovia Bank provided the acquisition financing.The four-story building features an ...
June 24, 2003 CDC Mortgage Capital Inc. has provided a $25 million floating-rate loan to the John Philopoulos Associates Trust to refinance the Boston Radisson Hotel and the attached 760-space parking facility.The hotel, in the Park Square area of Boston, ...
June 24, 2003Puget Sound Business JournalThe 400-unit Ravenswood at the Park apartment complex in Redmond, Wash., has sold for $42 million, in what real estate advisory firm Hendricks & Partners is calling the biggest transaction involving a multifamily property in ...
June 24, 2003 Canadian Real Estate Investment Trust (TSX:REF.UN) is buying a 146,000-square-foot mixed-use complex in Vancouver, British Columbia, for C$40.9 million (US$30.1 million), a price that includes the assumption of an existing C$27.6 million mortgage. The loan carries an ...
June 24, 2003 CDC Mortgage Capital Inc. has provided Jupiter Realty Corp. with a $28.4 million floating-rate loan to finance its purchase of the 480-unit Meridian Apartments in Columbus, Ohio.The recently built, Class-A garden apartment community has two swimming pools, ...
June 23, 2003 The Cheeca Lodge & Spa, a 203-unit oceanfront resort in Islamorada, Fla., has been sold to the Johnson Resort Cos. and Falor Cos. for $34.5 million.Kevin M. O'Grady and Daniel R. Sheehan of L.J. Melody's South Florida ...
June 20, 2003 John Hancock Financial Services Inc. has agreed to sell two properties near its Boston headquarters to The Related Cos.The financial services firm is selling 131 Clarendon St., a 61,110-square-foot building that is home to the Hard Rock ...
June 20, 2003 Salomon Smith Barney has provided a $38.5 million acquisition loan to MTM Builder/Developer Inc. for its purchase of Inglewood Office Center, a Class-A property in Landover, Md.Howard Taft and Bill Asbill, senior managing directors in the Miami ...
June 18, 2003 Golf Trust of America, Inc. (AMEX:GTA) has sold the Sandpiper Golf Course near Santa Barbara, Calif., to Sandpiper BB Property LLC for $25 million.Golf Trust of America Inc., a former REIT, is liquidating its interests in golf ...
June 17, 2003 Rocky Mountain NewsTen years after buying the Bear Valley Shopping Center for $5.5 million, Denver-based Chandelle Properties has sold it for $30.8 million. The buyer was PO'B Montgomery & Co. of Dallas. The 342,850-square-foot shopping center is ...
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