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NEEDHAM, MA-Cadim, a real estate advisor and investment member of CDP Capital, Canada's largest asset manager, acquires CWCapital. The locally based real estate lender plans to use the arrangement to enhance its growth opportunities.
ATLANTA-Jack Minter is named senior vice president and director of investments for the locally based REIT. He brings 20 years of experience in capital markets, most recently as managing director of Credit Suisse First Boston's real estate investment sales group.
DALLAS-A Q4 closing is planned to put Wyndham, in a 152-hotel disposition that began in 1999, at 98 assets sold and another 16 flagged with its name in a proprietary branding strategy. Westbrook will get 4,200 rooms, many in major US markets.
MIAMI-The price of the 29-year-old, 183-unit project in Plantation, FL, equates to $48,907 per unit. The project, originally built as a condominium community, has one- and two-bedroom units and is approximately 95%-occupied.
SAN ANTONIO-Southwest Metal Roofing has found a new home in the northeast submarket, buying 11919 Rail Dr. from Mojave Properties JV. The plan is to occupy half and continue to lease the balance to Sunray Pool Service.
TROY, MI-Construction of mid-size office buildings and leases of industrial space are among the deals transacted in this Detroit suburb. A single-business tax credit worth $2 million goes to Delmia Crop. for its $9.2-million buy of a 41,200-sf building.
BELLEVUE, WA-The locally-based Continental-Bentall has repurchased the 105-unit complex known as Le Chateau Apartments for a price of $16.4 million, less than what the company unloaded it for 1999.
ORLANDO-The vice president of Grubb & Ellis Co.'s industrial sector in Tampa, FL is credited with coordinating the growth of the 550-member Florida Gulfcoast Commercial Association of Realtors.
PHILADELPHIA-Cincinnati-based based trustee L.J. Shapiro sells the 100,000-sf, 25-year-old shopping center in the northern Cincinnati suburb of Forest Park for $2.28 million to Mendos Inc., which plans a significant upgrade. Anchors are Family Dollar and NAPA Auto Parts.
ELMSFORD, NY-In the largest investment sale so far this year in Westchester County, an investment partnership of Cappelli Enterprises of Valhalla has sold a 90% interest in a townhouse community here for $70.75 million.