from this morning's GlobeSt (10/6):
EXCLUSIVE Last updated: October 3, 2008 07:13pm
CA Resort Owner Hangs $70M Tag on 768 Units
By John McCloud
"PHOENIX-Despite a generally slow market for multifamily properties, a private California investor has put the Peaks at Papago Park, a 768-unit apartment complex on the block for $70 million. The seller is Peaks Papago LLC, whose general partner, Papago Properties Inc. of Santa Ana, CA, is headed by James Carter, developer of the exclusive South Coast Winery Resort & Spa in Temecula, CA." ...
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