Last Updated: May 27, 2004 10:48am ET

ParkCrest II at Innisbrook Sells for $41M

By Alex Finkelstein

PALM HARBOR, FL-Crescent Heights Co. of Miami pays CKT Development Co. of Tampa, FL and Nationwide Realty Investments of Columbus, OH $104,293 per unit for the 396-unit garden apartment community at 2230 Tuscany Trace facing the Gulf of Mexico.

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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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