Last Updated: December 6, 2005 05:27pm ET

Condo Converter's $22M Reins In Allred's Last Multifamily Asset

By Amy Wolff Sorter

CHANDLER, AZ-The Douglas Allred Co. turns over the 187-unit Crystal Cove Apartments to Falcon Real Estate Investment Co. for $21.7 million. The San Diego-based company gets a 90%-filled complex primed for conversion.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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