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SUN CITY WEST, AZ-The Heritage Tradition is adding 45,000 sf or 41 assisted-living apartments to the $28.6-million development. The project is the second addition to the 11.1-acre community in recent years.
LONDON-Warner Estate has made another acquisition for its regional office fund, set up earlier this year with Royal Bank of Scotland. It has paid pounds 14.8 million ($21.3 million) for a 54,000-sf office building in Manchester.
SEATTLE-The Portland-based investment bank recently took over management of the hotel from WestCoast Hospitality Corp. of Spokane and will drop its affiliation with the company altogether in January. A renovation is planned.
SEDONA, AZ-The 75-suite resort is considered the "10th jewel" in the Hyatt Vacation Ownership portfolio. The 64 two-bedroom suites and 11 one-bedroom units have views of the Sedona Red Rocks and neighbor 30,000 sf of upscale shopping.
SAN LEANDRO, CA-The property was built in 1975 and recently saw $700,000 in improvements. The sale price represents a 7.7% capitalization rate for the buyer, San Diego-based Investment Advisors.
MIAMI-The 136-unit Captiva Club, which had a project cost of $17.8 million, features 20 one- and two-story buildings on 11 acres. The one- to three-bedroom units range in size from 702 sf to 1,210 sf.
PATERSON, NJ-In what started out as a sale/leaseback, M. Tucker will lease the building on a long-term basis and Par Realty will continue to own it. An option to buy comes with the lease agreement.