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Long Island-Based Developer Buys Bronx Warehouse in Redevelopment Play
Developer Heatherwood Luxury Rentals purchased a 31,500-square-foot warehouse at 288-310 Walton Ave. in the Bronx from FBE Limited LLC for $16.8 million, or about $533 per square foot. Although details were not disclosed, the Commack, New York-based...

With Sales Booming, Small-Town Apartment Brokers Benefit
The 331-unit Elliston 23 in Nashville.Brett Kingman is too busy to talk about how busy he is. That's because he's an apartment real estate broker in a smaller city, where investors are flocking these days in search for more upside than major markets like...

Emerald Equity Group Sells Four Bronx Apartment Complexes for $24.7 Million
Investment firm Emerald Equity Group sold four apartment buildings in the Bronx to a private investor for $24.65 million, or about $194,000 per unit. The Manhattan-based investor originally acquired the four properties in part of a 37-building transaction...

Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

1 Gateway Plaza Trades for $6.3 Million
Mikaela Management, Inc. sold 1 Gateway Plaza, a four-story office building in Port Chester, New York to Delaurentis Management Corp. for $6.25 Million. The sale also includes an adjacent 23,000-square-foot site available for future development. Located...

Continental Properties Secures $39.6 Million Construction Loan for Mid-Rise Apartment Complex in Trumbull
Multifamily developer Continental Properties secured a $39.6 million construction loan for its 202-unit Trumbull Lofts project in Trumbull, Connecticut. Washington Trust's commercial real estate group provided the construction financing for the developer...

Another Connecticut Apartment Complex Trades for North of $100 Million
Investors are fueling a small boom in Connecticut apartment sales. AJH Management, a New Jersey firm that has been on a buying spree as of late, has paid $108.5 million for the Crown Point Apartments at 50 Saw Mill Rd. in Danbury, Connecticut. The...

CBRE Group Buys New England Joint-Venture Partner
CBRE/New England's headquarters offices at 33 Arch St. in Boston. CBRE Group Inc. bought its longstanding joint venture partner in New England, CB Richard Ellis-N.E. Partners LP, as the world's largest commercial real estate services firm increases...

New Haven-Area Rentals Fetch $136 Million in Largest Apartment Sale in Connecticut History
Boston apartment developer Jones Street Investment Partners has closed on an apartment complex near New Haven in a deal that registers as the largest single multifamily sale ever in the state of Connecticut, though the record may have a short run. Jones...

Fort Independence Street Apartments in Bronx Trades for $15 Million
Investment firm River Rock Capital acquired an 83-unit apartment complex off of Fort Independence Street in the Bronx for $15 million, or approximately $180,000 per unit. The Cedarhurst, New York-based company acquired the multifamily building from...

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