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GDC Properties Purchases Norwalk Apartment Building
GDC Properties LLC, a Hawthorne-based national retail buyer, has purchased the 235-unit apartment building located at 597 Westport Ave. in Norwalk, CT for $105.9 million, or about $451,000 per unit, from Hunt Investment Management. The 4-Star multifamily...

Merritt 7 Office Park Owner Secures $100M in Financing
Merrit 7 Venture LLC secured $100 million in financing for its Merritt 7 corporate office park in Norwalk, CT. Riaz Cassum and Lauren O’Neil of Holliday Fenoglio Fowler (HFF), LP arranged the loan on behalf of the borrower, placing the five-year, fixed...

TIAA-CREF Sells The Wescott in Stamford for $67M
TIAA-CREF Investment Management LLC sold the 261-unit Westcott multifamily complex in Stamford, CT to AJH Management for $67 million, or about $257,000 per unit. The 438,834-square- foot multifamily community consists of one-, two- and three-bedroom...

Milone & McBroom Leases 10,000 SF in New Haven
Milone & MacBroom, an engineering consultant, has signed a four-year lease for 10,045 square feet at the retail building located at 798-800 Chapel St. in downtown New Haven, CT. The two-story property delivered in 1900. Jay Riley represented the...

Barrington Media Group Takes 18,000 SF in Shelton
Barrington Media Group, a Shelton-based publisher, has signed a lease for 17,948 square feet at 4 Armstrong Rd. in Shelton, CT. The four-story building delivered in 1987 and totals 60,000 square feet. The class A building sits on 4.6 acres and has...

East Harlem Rezoning Could Increase Affordable Housing, Mixed-Use Development
With the East Harlem rezoning plan going to full City Council vote on November 30, many commercial real estate industry sources say they think the measure will pass. If the Council approves the plan -- which so far has secured more than $222 million in...

Summit Hotel Properties Finalizes $164 Million Portfolio Purchase
Two weeks after disclosing the agreement, leading U.S. hotel owner/operator Summit Hotel Properties (NYSE: INN) has finalized its deal with Noble Investment Group out of Atlanta to acquire four hotels totaling 652 guestrooms for $164 million, or approximately...

Up Realty Sells Bronx Apt Bldg for $5.9M
Up Realty LLC, a New York-based real estate company sold the 25-unit apartment building located at 833 Longfellow Ave. in Bronx, NY for $5.9 million, or approximately $236,000 per unit. The buyer was an individual from Brooklyn. The 23,760-square-foot...

Loxo Oncology Expands Operations in Stamford
Loxo Oncology, a biopharmaceutical company specializing in genetically-defined cancers, leased an additional 23,000 square feet in the Stamford, CT office building, 2 Stamford Plaza. The tenant will occupy a total of 36,393 square feet after moving...

Prana Investments Pays $6.8M for 33-Unit Apt Bldg in Bronx
Prana Investments, a New York-based banking and finance company, purchased the 33-unit apartment complex, located at 2601 Bainbridge Ave. in the Bronx, from local investor Capin & Associates Inc for $6.8 million, or about $206,000 per unit. The five...

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