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Volume 5 - Number 3 | February 13, 2007
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Starrett City Sells to Clipper Equity for More Than $1B
By Katie Hinderer
Starrett City in New York City has been sold for $1.3 billion to Clipper Equity LLC, a partnership headed by investors David Bistricer and Sam Levinson, according to a source. Bids for the 140-acre site, also known as Spring Creek Towers, were due to CB Richard Ellis last week.
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Poll: Despite Challenges, Short Term Looks Bright
By Sule Aygoren Carranza
Players in the multifamily industry are generally optimistic about the prospects for this year. That’s what the National Multi Housing Council found during an on-the-spot survey of attendees at its annual meeting in Phoenix last month.
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Data Points: ’06 Ends With a Bang, ’07 Looks Bright, Too
By Sule Aygoren Carranza
Rising interest rates and the retreat of condo converters did little to impact sales volume in 2006, which nearly matched that of 2005, according to Real Capital Analytics’ recently released year-end analysis of apartment investment activity.
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