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Investors pay $26m for apartment complexes, in CBRE-arranged sale.


Jeffrey Dunne Dunne is a surname, and may refer to
  • Ben Dunne, Irish businessman
  • Bernard Dunne, Irish professional boxer and holder of the European Super bantamweight title
  • Chavelita Dunne, British feminist writing as George Egerton
 and Patrick Bisceglia, 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, represented ownership in the sale of Osborn Manor and Hastings Terraces for $26.2 million.

The team was also responsible for procuring Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
  • Procurement, a business process to acquire goods or services.
  • Procuring, the act of aiding a prostitute in the arrangement of a sex act with a customer.
 the buyer, Coolidge Equities, Ltd., an entity controlled by Houlihan Parnes.

Osborn Manor and Hastings Terraces are two brick apartment communities containing a total of 198 units ideally located along the eastern edge of the Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
 within the Villages of Dobbs Ferry Dobbs Ferry, village (1990 pop. 9,940), Westchester co., SE N.Y., on the Hudson River, a suburb of New York City; inc. 1873. It is mostly residential but has light industries and research facilities.  and Hastings-on-Hudson, respectively.

Located along the western edge of highly sought-after Westchester County, Osborn Manor and Hastings Terraces enjoy the overall benefits of one of the nation's top counties.

Dunne commented, "New ownership should fair well with these well located, irreplaceable properties, particularly with their planned capital investment program."

The area has a high concentration of white collar employment and higher household incomes.
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Publication:Real Estate Weekly
Date:Feb 22, 2006
Words:142
Previous Article:REIT buys 300,000 s/f NJ complex.
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