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MIAMI BEACH-Equity One Inc., which owns, develops and operates shopping centers, has used its accordion feature to increase its unsecured revolving credit from $272 million to $400 million.
MIAMI-A Doral-based private investor has acquired a 22-unit apartment complex named Flagler Terrace Apartments in Miami from an Aventura-based private investor for $1,445,000.
CHICAGO-Based on a study of over 25,000 loan quotes and mortgage requests on Zillow Mortgage Marketplace, borrowers with credit scores below 620 who applied for 30-year fixed and conventional loan quotes were doubtful to get even one loan quote.
NEW YORK CITY-Massey Knakal Realty Services, a major player in the New York City realty market, has added a mortgage division to its portfolio of businesses, which will arrange mortgage loans for commercial assets.
PRAGUE-Strategic Hotels & Resorts Inc., a Chicago-based real estate investment trust, has made an agreement with an affiliate of Houston-based Westmont Hospitality Group, which purchased Strategic's Renaissance Paris Le Parc Trocadero in December, to sell the InterContinental Prague for a total amount of $148.9 million.
BALTIMORE-The eight-story, 36-unit apartment tower named the Congress Hotel at 306 W. Franklin St. on the west side of Baltimore has been sold in a foreclosure auction for $2.35 million to the lender of the building, Congress Financial LLC.
NEW YORK CITY-Brick-Run Sports, a sports training and physical therapy firm, has leased a space measuring 1,500 square feet at West 96th St., at 730 Columbus Ave.
SAN DIEGO-Equity Residential, an apartment giant of Sam Zell, has bought Vantage Pointe, a 40-story tower situated in downtown San Diego, for $200 million.