News: Brokerage

Northeast Private Client Group facilitates $5.2 million sale of a 33-unit multifamily property

New Haven, CT Northeast Private Client Group (NPCG) has announced the $5.2 million sale of Embassy Apartments.

Managing director Brad Balletto and vice president, investments Jeff Wright represented the seller and procured the buyer in the transaction.

Embassy Apartments is a 33-unit multifamily property located at 102-116 Dwight St. This transaction marks the first time this property has exchanged hands since 1988. The previous owner took care of their legacy asset and through a competitive process, a local owner and operator in the area won the opportunity to add it to their portfolio.

MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.