CBRE's double sale.Jeffrey R. Dunne, team leader, and James R. Tully, vice president of CB Richard Ellis' New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of tri-state investment team, recently represented a privately-held, local investor in the sale of 129-unit Clocktower Close Apartments in Norwalk, Conn. and 184-unit Beacon Mill Village Apartments in Beacon Falls, Conn. The properties sold for a combined price of $38 million, which included the assumption of existing conduit financing Conduit Financing A financing arrangement involving a government or other qualified agency using its name in an issuance of fixed income securities for a non-profit organization's large capital project. at Beacon Mill Village. Mr. Dunne and Mr. Tully were also responsible for procuring the buyer, Stamford-based Seaboard Properties. Both properties are converted mill buildings that offer unique apartments with exposed brick, wooden beams, oversized o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. windows, lofts and other architectural features that distinguish them from their competition. The properties were converted to residential use in the mid-1980's and are owned in condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. structures. |
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