Camden to acquire North Carolina apartment developer
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Houston-based apartment developer Camden Property Trust has agreed to buy Summit Properties Inc. of Charlotte, NC, in a $1.9 billion deal that will create the fifth-largest publicly owned real estate investment trust in the United States.
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Citigroup said today that it had agreed to buy the wholesale mortgage origination and servicing assets of Ameriquestâs parent, ACC Capital Holdings, for an undisclosed price.
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Private investor Cerberus Capital Management LP has agreed to buy real estate investment and management company LNR Property Corp.
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he Rouse Company, the mall developer and manager that has helped reshape the nation&#39;s landscape, agreed yesterday to be acquired by General Growth Properties, the big owner of shopping centers, for $7.
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By Eric Ferreri, The News & Observer, Raleigh, N.C.  Dec. 12--DURHAM -- County commissioners approved a 286-home community Monday to be built in the far, rural reaches of South Durham.
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A Boston developer will break ground today on a North End condominium complex he is marketing as one of the first new residential construction projects in the historic neighborhood in more than a century.
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By The News & Observer, Raleigh, N.C.  Jun. 22--RALEIGH -- Shareholders of Winston Hotels voted to sell the Raleigh real estate investment trust to an Illinois company.
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The landmark Hecht Co. distribution center in Northeast Washington has been bought by a Philadelphia developer who plans to incorporate the historic structure into a new retail hub off New York Avenue.
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By Lena Warmack, The Charlotte Observer, N.C.  Dec. 17--Developers with one of Catawba County's largest proposed residential developments are expected to seek rezoning on more than 2,000 acres this spring.
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Tishman Speyer Properties LP and Lehman Brothers Holdings Inc. agreed to buy US apartment developer Archstone-Smith Trust for $13.5 billion, expanding their residential assets as rents rise.
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A New Jersey private investment firm said yesterday it bought Domain Home, the upscale Norwood furniture chain, and plans on opening as many as 15 new stores in the coming years.
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By RICHARD M. BARRON  GREENSBORO ---- Starmount Co. will soon pitch a deal to the city that would help it create a large industrial park off U.S. 29 and Summit Avenue ---- and help the city recruit jobs.
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OCTOBER 18, 2004 -- Barcelo Crestline Corp., a hotel owner/manager with a portfolio of 125 properties, today announced it will acquire John Q. Hammons, Inc.
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By Andrew Brophy, Connecticut Post, Bridgeport  Jun. 23--FAIRFIELD -- Sacred Heart University has apparently entered into a contract to buy 4.25 acres at Park Avenue and Jefferson Street, where developers wanted to build 78 condominiums last spring.
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By Doug Smith, The Charlotte Observer, N.C.  Dec. 15--south charlotte When a sign announcing a new development appears in front of a wooded tract, curiosity is sure to follow.   The one across from Calvary Church on N.C. 51 near Rea Road in south Charlotte is a perfect example.
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By VERENA DOBNIK  NEW YORK - New Jersey Nets owner Bruce Ratner's much-debated Atlantic Yards development project was approved Friday by the Empire State Development Corp., a major step forward in his bid to move the team to Brooklyn.
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Only weeks before the sale of Fan Pier closes, the ownership of the new development team is changing. LNR Property Corp. of Miami Beach said it will be acquired by a newly formed unit of Cerberus Capital Management