Carlyle and Trammel make a Grand entrance.OCEAN CITY, MD: Global private equity firm, The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. , and real estate developer, High Street Residential, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Company, have closed on their land acquisition and will develop "The Gateway Grand," a 16-story, 196-unit oceanfront luxury condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. in Ocean City, MD. Units are currently being offered for sale and occupancy is scheduled for August 2008. Terms of the transaction were not released. Robert G. Stuckey, managing director and head of Carlyle Realty Partners, said, "This will be the most luxurious residential complex in Ocean City. "The Gateway Grand has the amenities discerning buyers demand with the convenience and joy that comes from being steps from the ocean, all at an excellent price point." Stephen G. Shelesky, managing director of Trammell Crow Company, said, "We expect demand to be high among second-home buyers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. oceanfront property. The Gateway Grand sets a new standard of excellence, convenience, beauty and luxury in Ocean City. "Within a few hours of Washington, DC and Philadelphia, The Gateway Grand will be desirable for weekend getaways or full-time living." |
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