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Brix at Midtown purchased by New York real estate group - Grand Rapids Business Journal - Vimarsana News

Brix at Midtown purchased by New York real estate group - Grand Rapids Business Journal

Grand Rapids Business Journal Courtesy Time Equities, Inc. New York-based Time Equities, Inc. (TEI) announced the acquisition of the Brix at Midtown, a 250,524-square-foot multifamily property in Grand Rapids for $68.25 million.  The purchase is TEI’s 13th acquisition in Michigan and third multifamily property in Grand Rapids, along with Icon on Bond and 601 Bond. The acquisition also is the highest sales price for a multifamily development in Michigan since 2019. “The purchase of The Brix, a large, well-located asset, is a strategic opportunity to expand our multifamily platform an...

Source: grbj.com