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Today, representatives of CBRE, led by Jeff Dunne and Eric Apfel, and Newmark, led by Gene Pride and Jamie Thelwell, announced the sale of Deerfield Place, a 156-unit multifamily community in Utica, NY. Both CBRE and Newmark jointly represented the seller, Troy, NY-based United Group of Companies, while also procuring...
West Coast apartment investor Pacific Urban Residential has acquired a 402-unit Stamford apartment community for $154M. CBRE announced is brokered the sale of Parc Grove Apartments at 200 Broad Street. The CBRE team of Jeffrey Dunne, David Gavin, Gene Pride, Jeremy Neuer, Steve Bardsley and Eric Apfel represented the seller, a global real estate investment advisor, while also procuring the buyer, Pacific Urban Residential LLC. Commented Dunne, “The offering represented a highly unique opportunity to buy a 5+ acre site, representing a full city block in the heart of Downtown Stamford. In ad...
CBRE announced the $34.8 million sale of Alvista Willow Brook, a 180-unit apartment community located in Meriden, CT. The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, an affiliate of Phoenix Realty Group (PRG), an active multifamily owner, operator, equity investor, developer and fund manager with properties throughout the United States, while also procuring the buyer, Beachwold Residential. Built in 2005, the seller has completed renovations to 70 percent of the units and the com...
Stamford apartment complex sells for $84 million FacebookTwitterEmail The Fairfield, a 263-unit apartment complex in Stamford, Conn. has sold for approximately $84 million in the city’s second-largest property sale of 2021.Contributed photo /CBRE STAMFORD — The Fairfield, a 263-unit apartment complex in the city center, has sold for approximately $84 million, in Stamford’s second-largest property sale of the year. Located at 100 Morgan St., The Fairfield was acquired by San Francisco-based real estate investment company FPA Multifamily. The price for the 1996-built property compares wit...
CBRE announced today the $84.3 million sale of The Fairfield Apartments, a 263-home community located in Stamford, CT. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the institutional seller, while also procuring the buyer, FPA Multifamily. Built in 1996, all apartments have original finishes. The community features a clubroom with a fireplace, caterer’s kitchen, three private courtyards, including one with a pool and sundeck, grilling areas and full fitness center. Commented Pride, “This is FPA’s first purchase in Co...