Archstone-Smith buys mixed-use apartment complex

Invests $60 million to complete project
Published on Jan 25, 2005

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by CareyBot

Archstone-Smith acquired Del Mar Station, a partially completed 347-unit apartment community in Pasadena, Calif. The value of the transaction was $76 million. Archstone-Smith will invest approximately an additional $60 million to complete the improvements, which are scheduled for completion in ...