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Built in 1986, the property will undergo an improvement plan that includes unit upgrades. Pacific Urban Investors has expanded its multifamily presence in the San Diego market with the acquisition of a 400-unit community.
While the office market is shrinking, multifamily and mix-use properties remain an attractive option.
The company that paid $200 million for Halstead Station in New Rochelle claims that the seller concealed problems with the parking garage that will cost nearly $2.8 million to fix.
PALO ALTO, CA - PUI’s Structured Finance Group announced today that it has provided Preferred Equity for the acquisition of Halstead Station, a 24-story, 408-unit luxury, high-rise multi-housing community located at the Metro North train station in New Rochelle, Westchester County, New York. JLL represented the seller, The DSF Group. Kholsa Capital LLC acquired the asset. Built in 2001, Halstead Station features studio, one-, two- and three-bedroom units with open floor plans, large...
JLL Capital Markets announced today it closed the $114.45 million sale of the 360-unit Prospect Place Apartments in Hackensack, New Jersey. JLL represented the seller, Kushner Companies, to complete the sale to the buyers, Khosla Capital LLC and DKJ Equity LLC. Prospect Place Apartments total 428,040 rentable square feet and consist of one-, two- and three-bedroom floorplan options. Built in 1995 and 2005, the property was recently renovated, with updated units including in-home washers and dryers, hardwood-style flooring, stainless steel appliances and granite countertops. The building is ...