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TAMPA, FL-Investors are already seeing average price-per-unit rises in multifamily investment sales, reaching $48,000 in 2003 from $46,000 in 2002, according to Marcus & Millichap Real Estate Investment Brokerage Co.
ORLANDO-Locally based CNL Retirement Properties Inc. contracts to buy 20 seniors housing properties totaling 3,600 units from affiliates of WHSLH Realty LLC for $156,111 per unit, growing CNL's portfolio to 139 properties in 29 states.
PORT ST. LUCIE, FL-Prima Vista Crossing, anchored by Publix, was sold as part of a three-property portfolio by Crescent Resources LLC to the Prudential Insurance Co. of America for a total of about $38.9 million. The other Florida centers are in Tampa and Orlando.
TAMPA, FL-Highland Hospitality Corp. of McLean, VA pays $124,000 per room for the 238-room property located in the corporate-oriented Westshore business district, five minutes from Tampa International Airport.
DENVER-The nation's largest REIT, headquartered here, has formed a joint venture with GE Real Estate in order to raise equity capital at a competitive cost, among oher reasons.
ELMSFORD, NY-Fremont Investment & Loan inked a major expansion deal at 555 Taxter Rd. CB Richard Ellis reports the firm has committed to an additional 30,000 sf, bringing its presence at the property to nearly 55,600 sf.
ORLANDO-Apartment conversions to condominiums continue in Central Florida as the 288-unit Parkway Village Apartments in Kissimmee, FL is sold for $16 million, or $55,729 per unit.
ORLANDO-Even with a record deficit of $23 million showing on the books nine months ago, elected officials here have signed off on a total $41.8 million in economic incentive packages to developers for new Downtown projects.
ST. PETE BEACH, FL-Cigna sells part ownership in Florida's legendary, 75-year-old pink palace for $300,000 per room. The 10-year-old Plasencia Group Inc. of Tampa, FL orchestrated the deal which took two years to complete.
DENVER-Industrial REIT ProLogis has published a report detailing the construction pipleline in 30 American markets, with a special focus on starts and completions of bulk warehouses and distribution facilities.