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A joint venture led by Crocker Partners has secured a $71.6 million mortgage for two prime Boca Raton office buildings it acquired for $81 million in December, The Real Deal has learned. Los.
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AVR Realty Co. of Yonkers, New York just paid $69.3 million for the Boca Raton Marriott at Boca Center. The buyer, AVR Boca Center Hotel LLC, financed the deal with a $60 million mortgage from M&T.
Construction of the complex officially began Tuesday, the same day that Altman’s mortgage was recorded. Altman had already started building Altis Boca Raton’s parking garage in December. This project.
Today, the site still pays homage to its techie roots as the Boca Raton innovation campus. today, Boca Raton is divided into three submarkets: the northwest sector, midtown center area and downtown.
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